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Elias Massri, CEO of Giant Motors Latinoamérica, remains unfazed by Donald Trump's tariff threats despite operating Mexico's only assembly plant for Chinese cars. The joint venture, which partners the Massri family with billionaire Carlos Slim's Grupo Financiero Inbursa, assembles vehicles from Anhui Jianghuai Automobile Group Corp. in central Mexico.
Syria's civil war, now a fragile stalemate, has resurfaced with a surprise rebel advance, highlighting the distractions faced by international players involved in the conflict. As the situation evolves, attention shifts away from the ongoing challenges in the region.
Argentina, rich in natural resources and skilled labor, struggles to attract investment due to unpredictable political changes that favor state interests. President Javier Milei aims to address this issue by providing large companies with a way to secure their investments, showing promising early results.
Donald Trump threatened 100% tariffs on goods from BRICS nations, including India, if they attempt to undermine the US dollar as the global reserve currency. This warning comes as BRICS expands to 10 members in 2024, with India advocating for increased use of local currencies to mitigate trade disruptions.
German Chancellor Olaf Scholz made a surprise visit to Kiev, where he pledged an additional 650 million euros in armaments to Ukraine by the end of December. Despite this commitment, he faces growing criticism from his coalition partners back in Germany regarding his Ukraine policy.
South Africa's government has clarified that there are no plans to establish a BRICS currency, countering recent misreporting. The Department of International Relations and Cooperation emphasized that discussions within BRICS are centered on trading using member countries' national currencies.
Donald Trump’s insistence on maintaining a US-dollar-based financial system may provoke unintended consequences, according to market analysts. While some believe that dollar dominance will persist, others argue that his remarks could spur emerging nations to pursue alternative currency agreements to circumvent reliance on the dollar.
Inflows from emerging markets, including India, into US funds have surpassed $47 billion, according to Elara Capital. In the week ending November 29, US funds recorded inflows of $37 billion, totaling $148 billion over five weeks, with India contributing $2.2 billion. The largest outflow came from China at $11 billion, while mid- and small-cap US investments also saw significant increases.
The UK is set to decide early next year on the continuation of releasing key economic data before financial markets open, a practice traders argue increases volatility affecting the real economy. The statistics regulator will announce its verdict in early 2025 after reviewing evidence from the Office for National Statistics. Currently, data is released at 7 a.m. in London, just before the opening of sterling interest-rate markets and UK government bonds.
VTB bank's CEO Andrei Kostin emphasized that any peace agreement with the West regarding Ukraine should be long-term, avoiding the need for revisiting the terms within a decade. He also remarked that interactions with the new U.S. administration are expected to be dynamic and engaging.

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