IMF has cut its forecast for global economic growth in the coming period as the economy is expected to grow by 3.2% in 2019 from a previous forecast of 3.3%
By CNBC : The Federal Reserve has locked itself into a strategy to raise rates one more time this year despite whoever is leading the central bank, a global economist at UBS Wealth Management said.
By CNBC : The output cut deal between OPEC and non-OPEC oil producers that was last week extended for a further nine months is a "work-in-progress" and could be broadened to include the implementation of caps on further countries, according to the oil cartel's secretary general.
By Reuters : Oil prices weakened on Friday, prompting a move away from riskier assets and depressing Asian stocks, after an OPEC agreement to extend cuts in crude production for a further nine months disappointed investors who had bet on bigger output cuts.
By Reuters : Sterling slipped on Tuesday after a suspected suicide attack killed at least 19 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was "too weak".
By CNBC : Bitcoin broke through the $1,900 mark for the first time on Friday, hitting an all-time high, driven by global political uncertainty and key developments within the cryptocurrency world.
The digital currency was trading at around $1943.99 on Friday morning and had moved as high as $1934.24, according to Coindesk's bitcoin price index. The current level marks a more than 6.8 percent rise from a week ago.
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