Bloomberg China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings. The ban will only apply to trading of cryptocurrencies on exchanges, according to people familiar with the matter, who asked not to be named because the information is private. ...

Bloomberg Traders who have placed bullish bets on the pound may find their nerves tested this week, with sterling likely to buffeted by everything from Brexit to the Bank of England. Sterling posted its biggest weekly gain versus the dollar since June, benefiting from a falling dollar after dovish comments from Federal Reserve officials and ongoing tensions with North Korea. ...

Bloomberg Egypt’s inflation eased in August, signaling that the surge in prices after the government’s latest round of subsidy cuts may have peaked. The annual rate for urban areas dropped to 31.9 percent in August from 33 percent in the previous month, according to data released by the official statistics agency on Sunday. Prices rose 1.1 percent on the month, ...