🇨🇳💴 China's central bank unveils most aggressive stimulus since pandemic

China's central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the government's growth target, but analysts warned more fiscal help was vital to hit these goals.

The broader-than-expected package offering more funding and interest rate cuts marks the latest attempt by policymakers to restore confidence in the world's second-largest economy after a slew of disappointing data raised concerns of a prolonged structural slowdown.

https://www.reuters.com/world/china/china-unveils-broad-stimulus-measures-revive-economy-2024-09-24/

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🇨🇳💴 China’s big-bang stimulus boosts yuan

China’s yuan hit a 16-month high on Tuesday, after stimulus measures infused broader markets with enthusiasm and boosted the euro, while the Australian dollar touched a 2024 peak after the central bank reiterated its determination to tame inflation.

Beijing’s new measures - including a planned 50 basis point cut to banks’ reserve requirements and the signaling of potentially more easing in lending rates, as well as property market support measures - gave the yuan a lift.

Although the yuan initially weakened in offshore trading after the announcement of the rate cuts, it then climbed steadily to be up as much as 0.38% at 7.0310 per dollar as the focus shifted to the potential boost to growth.

China-sensitive assets like stocks, commodities and the euro rallied in tandem.

https://www.cnbc.com/2024/09/24/aussie-dollar-near-2024-high-before-rba-yen-drifts-as-ueda-awaited.html

@FelipeChannel

🇧🇫🤝🏳️ Burkina Faso Announces Intention to Join BRICS

Prime Minister of Burkina Faso Apollinaire Joachimson Kyelem de Tambela has announced the country's intention to join BRICS during his meeting with Russian Ambassador to Ouagadougou Igor Martynov, the Burkinabe government said.

On Monday, the Burkinabe prime minister held a meeting with the Russian ambassador in Ouagadougou, during which they discussed bilateral cooperation in the spheres of nuclear energy, economy and politics.

https://sputnikglobe.com/20240924/burkina-faso-announces-intention-to-join-brics-1120269168.html

@FelipeChannel

#BREAKING

🥇📈🚀GOLD spot reach a fresh new All Time High, approaching $2650/oz, now over $2648/oz!

@FelipeChannel

#BREAKING

🥇📈🚀GOLD is up 28.88% YTD!

@FelipeChannel

#BREAKING

🥇📈🚀GOLD spot seems unstoppable, broke up 2650$/oz, trading now at over 2653$/oz, reaching a fresh new All Time High!

Edit: 2654$/oz

@FelipeChannel

🇷🇺🇲🇱🇧🇫🇳🇪 Russia to sell satellites to West African military governments

Mali, Niger, and Burkina Faso have announced a deal with Russia which will see them acquire telecoms and surveillance satellites.

The three West African countries, run by military juntas, have been struggling to defeat Islamist insurgencies for years and have turned to Russia for military support.

The technology will boost border surveillance and national security in all three countries, says Mali’s Finance Minister, Alousséni Sanou, adding that it would enable secure communications.

Sanou also said the satellites would help them to monitor and respond to floods, droughts, fires and other emergencies.

Mali, Niger, and Burkina Faso last year formed the Alliance of Sahel States - it was originally to boost military co-operation, but has since broadened.

They have hailed the remote-sensing satellite project as crucial for their security strategy, just days after Islamist militants attacked an airport in Bamako - far from the areas where the jihadists normally launch their assaults.

Ministers say the telecoms satellite will facilitate the broadcast of television and radio signals across their three countries.

It is also expected to provide internet and telephone services in inaccessible and underdeveloped areas within the Sahel.

🔗 https://www.bbc.com/news/articles/cx2k0p6w034o

#BREAKING

🥇📈🚀GOLD spot reach a fresh new All Time High over $2664/oz!

@FelipeChannel

🇦🇷💬🇺🇳
Milei at the United Nations:

“Argentina will abandon the position of historical neutrality that characterized us and will be at the forefront of the fight in defense of freedom.”

📎 : Luis Petri

🇪🇨❌🇻🇪🇻🇪 — The National Assembly of Ecuador has approved a resolution urging Daniel Noboa's government to request an arrest warrant for Nicolás Maduro from the International Criminal Court.

🇦🇷💬🇺🇳 — In a forceful and scathing speech before the 79th UN General Assembly, Argentine libertarian president Javier Milei lashed out against the organization's "socialist" agenda, accusing it of becoming a "Leviathan with multiple tentacles" that violates the sovereignty of nation-states.

💥 Milei condemned the inclusion of dictatorships like Cuba and Venezuela in the Human Rights Council and criticized the lack of action against countries that oppress women.

🇱🇧❌🇮🇱 — Israeli channels claims that Cruise missiles were fired against Tel Aviv!