Bessent warns Korean currency weakness ‘not in line’ with economy
Won has traded near lows of global financial crisis in recent weeks
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Bessent warns South Korean won’s weakness ‘not in line’ with economy
Currency has traded near lows of global financial crisis in recent weeks
Bank of England accused of making ‘mistake’ in loosening capital rules
Criticism is the most strident challenge to the central bank’s decision announced last month
Trump’s ‘unpredictable’ policies to fuel shift from US, Pimco says
Cautious stance comes amid Wall St concerns over president’s attack on the Federal Reserve
Rio Tinto and BHP team up for iron ore savings in Australia
Collaboration comes against backdrop of pricing pressure from China and rival sources of supply