Pound Bulls Look to U.K. Data in Hope to Revive Fortunes

The ailing pound may need a dose of positive U.K. data to help it recover from a losing run against the dollar. Traders will watch data due this week in the hope that evidence of a strong economy will help boost the currency. Sterling dropped below $1.30 for the first…

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Heres How Much Money You Need To Buy Different Everyday Items In Venezuela (11 Pics)

Crisis-stricken Venezuela is currently in the grip of hyperinflation, the worst case seen since Zimbabwe in 2007-09. By the end of the year, the inflation rate is predicted to top 1 million percent, a staggering large number which the government have attempted to curb by slashing 5 zeros off of…

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Turkeys Cratering Markets Stoke Speculation Over Extreme Measures

Desperate measures are in the air in Turkey: Trading rooms are awash with talk of a bailout by the International Monetary Fund and potential capital controls. But there’s a vacuum at the core of economic policy making. The central bank and government have remained largely silent as the currency plummeted…

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Millionaires Now Control Half of the World’s Personal Wealth

The rich are getting a lot richer and doing so a lot faster. Personal wealth around the globe reached $201.9 trillion last year, a 12 percent gain from 2016 and the strongest annual pace in the past five years, Boston Consulting Group said in a Source: Boston Consulting Group Last year’s…

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This Billionaire Has Put Half His Net Worth Into Gold

Egypt’s Sawiris has put half his entire net worth into gold He’s been waiting 10 years for North Korea stakes to pay off Some big investors see warning signs ahead for markets but are holding their positions. Egyptian billionaire Naguib Sawiris is taking action: He’s put half of his $5.7…

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