BLOOMBERG The pound weakened and UK stocks rallied after British inflation slowed unexpectedly, catching traders off guard as they prepare for the Federal Reserve’s policy decision later. Sterling fell as much as 0.5% against the dollar to its lowest level since May as traders bet that the Bank of England is nearing the end of its hiking cycle, with only ...

BLOOMBERG The worst may be over for the Taiwan dollar as China’s economic recovery and a rebound in the chip industry will support the beleaguered currency, according to analysts. The island’s dollar is on course to weaken for a sixth month, the longest stretch since 2006, after foreign funds turned sour on its technology sector and risk sentiment deteriorated on ...

BLOOMBERG As Instacart started trading on the Nasdaq on Tuesday, investors weren’t betting on a grocery-delivery company. They’re betting on a data and advertising business. The company, best known for its army of gig-economy workers filling grocery orders, has spent years building up its ad division — a higher-margin operation that capitalises on a trove of shopping data. That evolution ...