Bloomberg Facebook Inc Chief Operating Officer Sheryl Sandberg said the company’s planned cryptocurrency coin, Libra, is a “long way from launch.” The social-media giant unveiled plans for a new global financial system based on a so-called stablecoin — a digital currency that’s supported by established government-backed currencies and securities. The project, more than a year in the making and including ...

Bloomberg Emerging-market currencies offer some of the best value as an eight-year run of dollar strength is “close to the end,” according to Pacific Investment Management Co (Pimco). “We like to be long a number of those,” Gene Frieda, a Pimco strategist in London, said. Slowing US growth will finally put a dent in the greenback, while counterparts in the ...

Bloomberg Both China’s Xi Jinping and North Korea’s Kim Jong-un have suffered from President Donald Trump’s penchant for walking away from talks. Now, he’ll have to worry about what they tell each other behind closed doors. Xi’s state visit to Pyongyang on Thursday — the first such visit by a Chinese president in 14 years — will showcase a renewed ...