Brazil real and stocks slump after Lula re-election victory
Brazil's financial markets fell sharply after President Luiz Inacio Lula da Silva's unexpected re-election victory, with the real dropping 12% in spot trading against the US dollar. Bovespa stock index futures also tumbled nearly 15%, and trading on the exchange was halted for 30 minutes after the benchmark fell 10% from its previous close. The move reversed an earlier rally that had built on expectations of a shift to the right after the first round of voting.Investors cited concerns about higher spending, fiscal pressure and the outlook for borrowing costs under Lula's next term. A market strategist quoted in the... [Continue Reading]
360LiveNews | 26 Oct 2026 19:00 LONDON
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Zoltan Nagy and Glenn Laken plead guilty in international securities fraud conspiracies
Zoltan Nagy, a Canadian businessman, and Glenn Laken, an Illinois trader previously convicted of federal securities fraud and racketeering offenses, have pleaded guilty to conspiring to commit securities fraud. The guilty pleas are linked to international pump-and-dump schemes. Prosecutors said the schemes resulted in over $1 million in losses. The source does not provide further details on the timing, venue, or specific securities involved in the conspiracies. Three Canadian co-conspirators had already pleaded guilty to similar charges: Phillip Sewell, Richard Tang, and Davies Wong. No additional case outcome, sentencing information, or law-enforcement agency is named in the source. #pumpanddump #securitiesfraud... [Continue Reading]
Breaking-360LiveNews | 26 Oct 2026 17:31 LONDON
Europe closes mixed as energy spikes, precious metals slide and DAX outperforms
Executive summary: European markets ended the session mixed, with the DAX edging higher while the FTSE 100 and CAC 40 were little changed and the Euro Stoxx 50 finished marginally lower. The biggest cross-asset move came from commodities, where Brent crude and natural gas rallied sharply, while gold, silver and platinum sold off. FX was comparatively calm, with the dollar firmer against the euro and softer against the yen. The pattern points to a market still balancing inflation concerns, rate expectations and sector rotation rather than a broad risk-off move. [Continue Reading]
360LiveNews Markets Intelligence | 26 Oct 2026 16:45 LONDON
Wall Street Opens Mixed as Energy and Small Caps Lead, Chips and Metals Slip on a Risk Rotation
Executive summary: U.S. markets opened mixed, with the Dow and Russell 2000 outperforming while the S&P 500 and Nasdaq slipped. Energy and financials were firmer, helped by higher crude, while gold, silver, platinum, and chip stocks sold off. The move points to a rotation toward cyclicals and away from rate-sensitive and momentum trades as investors position for a busy week of earnings and policy risk. [Continue Reading]
360LiveNews Markets Intelligence | 26 Oct 2026 14:45 LONDON
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Pakistan-Iran border trade partially resumes after weeklong suspension
Trade has partially resumed at the Pakistan-Iran border after Islamabad suspended cargo traffic through the Gabd-Rimdan and Taftan crossings on 17 October, traders and border officials said. The reopening is limited, with some older consignments now being cleared and freight moving again in both directions. However, Iranian officials say their cargo is still not getting through normally, leaving the situation unresolved.Mir Naveed Jan Kalmati, president of the Gwadar Chamber of Commerce and Industry, said trade had "partially resumed this weekend". Border officials and truck association representatives said consignments dated 16 October or earlier were being cleared first. Haji Noor Muhammad... [Continue Reading]
360LiveNews | 26 Oct 2026 13:32 LONDON
European markets open lower as gold and silver slide, while natural gas jumps and Brent firms
Executive summary: European equities opened in the red, with the FTSE 100, DAX, CAC 40 and Euro Stoxx 50 all lower in early trade. The biggest cross-asset moves came in commodities, where natural gas surged +7.9% and Brent crude rose +1.2%, while gold, silver, platinum and palladium all fell sharply. FX was comparatively calm, with sterling firmer against the dollar and the euro little changed. [Continue Reading]
360LiveNews Markets Intelligence | 26 Oct 2026 08:15 LONDON
US-Ireland talks continue on removing whiskey tariffs
Negotiations are still under way over the removal of the 10% US tariff on Irish whiskey, after Donald Trump announced last month that he would take the duty off. The tariff remains in place for now, and officials say the technical steps needed to implement any change have not yet been completed. Ireland says it wants zero tariffs for all EU spirits, not only for Irish whiskey.A spokesperson for Ireland's Department of Foreign Affairs and Trade said intensive engagement with the US Trade Representative on technical implementation was still ongoing. The department said it wanted the change to be implemented... [Continue Reading]
360LiveNews | 24 Oct 2026 15:30 LONDON
The Glass Elevator to Nowhere: A World Trapped in a Chocolate Factory
As a journalist in my mid-fifties, I thought my skin had thickened to the point of being impenetrable. I have covered the rise and fall of regimes, the grinding gears of the Cold War's leftovers, and the digital revolutions that promised to unite us. I thought I had seen every trick in the political playbook. Then came Donald Trump’s 2026 foreign policy, and I realized I was not watching a statesman; I was watching a child play with a chemistry set he does not understand. The Willy Wonka of the West: Rule by Whim Walking into a press briefing lately... [Continue Reading]
360LiveNews-Opinion | 02 Apr 2026 09:44 LONDON
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