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19:40
Investors weigh US-Iran peace talks as Latin American assets see mixed movements
A series of contradictory headlines regarding the US-Iran negotiations aimed at ending the Middle East conflict, which has lasted for about three months, has heightened investor anxiety. The Colombian peso rose 1.1% against the US dollar, while the country’s main stock index fell 1.9%, erasing the gains from May 26. The country will enter the first round of presidential elections this weekend. The latest opinion polls show left-wing candidate Ivan Cepeda and right-wing candidate Abelardo De La Espriella are locked in a tight race. Show more
19:34
The International Monetary Fund has commented on Sri Lanka's economic situation: the Middle East conflicts and the aftermath of Cyclone Biparjoy have brought downward pressure and risks to the local economy, but Sri Lanka's overall economy is still expected to maintain strong resilience.
At present, Sri Lanka is at a critical stage of economic recovery. Fluctuations in the external environment and the lingering effects of natural disasters do pose certain challenges to its recovery pace, but a series of economic adjustment measures previously implemented by the country have laid the foundation for risk mitigation. Moving forward, targeted relief measures can also be adopted to offset related adverse impacts.
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