British pound falls to 2018 low as US dollar soars; investors await data
LONDON: The British pound fell to its lowest in nearly five months on Monday (May 21) as the US dollar surged and investors prepared for data that could determine whether the Bank of England raises interest rates this year.
A broad rally by the dollar and dwindling expectations that interest rates ...
KUALA LUMPUR: Pacific Investment Management Co. is cautious on Malaysian bonds, predicting the new government’s economic reforms will hurt state finances, while a review of infrastructure spending curtails investment.
LONDON: Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS)said on Sunday in its latest warning about the rise of virtual currencies.