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LONDON — The British pound on Wednesday broke above the $1.3 level against the U.S. dollar for the first time in a year, as investors bank on a coming period of growth-friendly policies and political stability under the newly elected Labour government.
U.K. inflation held steady at the Bank of England's 2% target in June, Official National Statistics data showed Wednesday.
Gold prices continued to notch new records Wednesday, lifted by increasing conviction that the Federal Reserve will cut interest rates in September following comments from Fed Chair Jerome Powell.
TOKYO -- Palauan President Surangel Whipps Jr. told Nikkei Asia on Tuesday that pressure from China is reaching a "new level" after a tourism delegation was recently denied entry to Macao and as the Pacific island nation investigates a suspicious cyber attack this month targeting customs and border functions.
HANOI -- After four straight years in the red, embattled Vietnam Airlines is looking to raise fresh funds to accelerate its turnaround even amid continued headwinds in costs and passenger traffic.
Donald Trump will allow Federal Reserve Chair Jerome Powell to complete his term at the central bank if he won the November election, the Republican presidential candidate told Bloomberg Businessweek in an interview.
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates.