Crypto News: Resolute woes deepen as Mali demands $160m

Good morning and happy Friday, it's Amy in Melbourne with today's Newsletter.

Today's must-reads:
• Resolute shares halted
• Michele Bullock on Trump
• Our latest podcast

Resolute Mining halted trading in its shares after Mali demanded the Australian gold miner pay about $160 million to end a tax dispute that's seen its chief executive officer detained. The stock has tumbled 40% since news of the detention of Terry Holohan and two colleagues last weekend.

The Reserve Bank says it's too early to judge the impact of President-elect Donald Trump's policies. "We can't be jumping at sort of shadows," Governor Michele Bullock told a panel discussion in Sydney on Thursday.

Michele Bullock Photographer: Brendon Thorne/Bloomberg

Which investments are going to be the winners and losers from Donald Trump's second term? On the latest Bloomberg Australia podcast, Rebecca Jones talks to my colleague Richard Henderson about what we can expect from markets in the coming months, including prospects for that long-awaited rate cut.

The Australian government plans to introduce new laws to make big tech firms protect citizens online. The plans mirror similar laws in the UK and European Union.

Stocks lost traction following a post-election rally. Shares of US automakers fell on reports that Trump plans to eliminate a consumer tax credit for electric-vehicle purchases. The ASX is set to open higher this morning.

Federal Reserve Chair Jerome Powell has described the performance of the US economy as "remarkably good," giving central bankers room to lower interest rates at a careful pace.

Vietnam's President has warned of the dangers of higher tariffs, in one of the strongest criticisms so far of Trump's approach to trade. "Isolationists, protectionism and trade wars lead only to recession, conflict and poverty," Luong Cuong told leaders gathered at the APEC CEO Summit in Lima, Peru. Follow our live blog from the event here.

Japan's biggest banks raised their annual profit forecasts to fresh records amid the country's rising interest rates and buoyant stock market. They also revealed plans to buy back shares.

• RBA Assistant Governor Brad Jones speaks on a panel discussion at the ASIC Annual Forum in Sydney at 11.30 am

If you're experiencing wanderlust as the year draws to a close, here's one suggestion: Bhutan. The Buddhist kingdom is doing something it's never done before: embracing tourism in a bid to revive its faltering economy. Bhutan's new goal is to almost triple its number of annual visitors from the 103,000 that visited in 2023 to 300,000, but with a more diverse consumer base. Have a great weekend.