Dollar poised for steep weekly fall NEW YORK: The dollar headed toward one of its steepest weekly declines versus other major currencies this year on... Published 18 Nov, 2023 06:03am
Markets European shares ease from 3-week high PARIS: European shares fell on Friday, hurt by higher bond yields, as hawkish comments from the US Federal Reserve... Published 11 Nov, 2023 06:30am
Business & Finance Dollar steady against euro, yen weakens NEW YORK: The dollar held steady against the euro on Friday after Federal Reserve Chair Jerome Powell indicated that... Published 11 Nov, 2023 06:30am
Markets European shares rise on strong earnings PARIS: European shares rose on Wednesday, supported by gains in healthcare stocks and strong earnings reports, while... Published 09 Nov, 2023 05:38am
Markets Real estate stocks lead European shares to biggest weekly gain PARIS: Europe’s benchmark STOXX 600 index posted its biggest weekly gain since March on Friday, supported by... Published 04 Nov, 2023 06:00am
Markets European shares rise on retail, healthcare boost PARIS: Europe’s benchmark index rose on Wednesday, led by healthcare and retail stocks, with investors bracing for... Published 02 Nov, 2023 03:16am
Markets Oil slightly up as further ECB rate hikes unlikely HOUSTON: Oil prices edged higher on Tuesday as a drop in euro zone inflation buoyed hopes that the European Central... Published 01 Nov, 2023 05:57am
Business & Finance Eurozone banks tighten credit standards further: ECB FRANKFURT: Eurozone banks tightened lending criteria further in the third quarter as higher interest rates bite, a... Published 30 Oct, 2023 05:24am
Markets European shares steady on mixed earnings PARIS: European shares ended flat on Wednesday amid mixed earnings reports, as a slump in shares of French payment... Published 26 Oct, 2023 06:08am
Business & Finance Eurozone business activity going from ‘bad to worse’ BRUSSELS: Eurozone business activity slumped at a faster pace in October, resulting in job losses, a closely watched... Published 25 Oct, 2023 06:19am
Markets ECB set to hold rates as inflation drifts downwards BERLIN: For the first time in over a year, European Central Bank policymakers are expected to decide against raising... Published 23 Oct, 2023 11:40am
Markets Markets worried about Italy’s ability to grow: ECB’s Visco ROME: Market concerns about Italy are centred on whether or not its economy will be able to grow in coming years,... Published 13 Oct, 2023 01:48pm
Opinion Elusive macroeconomic stability In a recent statement reportedly, interim finance minister Dr Shamshad Akhtar indicated that there were signs of... Published 22 Sep, 2023 03:40am
Markets Slump in SocGen, ECB policymakers’ hawkish tone weigh on European stocks PARIS: European shares fell on Monday as French bank Societe Generale’s shares slumped after a keenly awaited... Published 19 Sep, 2023 06:31am
Business & Finance ECB policymakers push back on rate cut expectations SANTIAGO DE COMPOSTELA: The European Central Bank will keep interest rates high for an extended period and could... Published 15 Sep, 2023 05:11pm
Markets European stocks have strongest day in 6 months PARIS: European shares notched up their biggest percentage gain in six months on Thursday after the European Central... Published 15 Sep, 2023 06:32am
Business & Finance Dollar hits 6-month high after data, ECB announcement NEW YORK: The dollar index hit its highest level in six months on Thursday, as economic data was mostly stronger ... Published 15 Sep, 2023 06:31am
Business & Finance ECB hikes key rate to record high, defying calls for pause FRANKFURT: The European Central Bank hiked a key interest rate to a record high Thursday as it battles soaring... Updated 14 Sep, 2023 06:23pm
Markets Interest rate cliffhanger as ECB mulls hike or pause FRANKFURT: Eurozone interest rate setters face the toughest call of their long battle against red-hot inflation... Published 14 Sep, 2023 11:19am
Opinion Bad news for Asian FX, esp PKR Pakistani monetary authorities can only count their sorrows as King Dollar’s unrelenting advance pushes Asian... Published 07 Sep, 2023 06:21am
Business & Finance Dollar posts minor gains after mixed US jobs report NEW YORK: The dollar erased earlier losses and edged higher against the euro and Japanese yen on Friday after the... Published 04 Sep, 2023 06:21am
Markets Euro falls as ECB hike bets take hit on inflation, policymaker comments LONDON: The euro fell on Thursday as traders trimmed bets on a rate hike from the European Central Bank in September... Published 31 Aug, 2023 05:07pm
Business & Finance ECB rate pause now may be too early: policymaker JACKSON HOLE: It may be too early for the European Central Bank to pause interest rate hikes now as an early stop in... Published 27 Aug, 2023 03:05am
Opinion ‘Interest hammer’ This is apropos a Business Recorder front page photograph titled “Interest hammer’ carried by the newspaper... Published 29 Jul, 2023 05:28am
Business & Finance EU stress test shows three banks falling short LONDON/FRANKFURT: Three banks from the European Union failed to meet binding capital requirements in a stress test... Published 29 Jul, 2023 05:28am
Business & Finance ECB cuts rates paid to banks on minimum reserves FRANKFURT: The European Central Bank cut the interest rate it pays to banks on their minimum reserves to zero,... Published 27 Jul, 2023 06:18pm
Business & Finance ECB raises rates to 23-year high; keeps options open for September FRANKFURT: The European Central Bank raised interest rates for the ninth consecutive time on Thursday and kept the... Published 27 Jul, 2023 06:04pm
Markets Oil prices up 2pc to 3-month high on tight supply NEW YORK: Oil prices climbed over 2 percent to a three-month high on Monday on tightening supply, rising US gasoline... Published 25 Jul, 2023 06:20am
Business & Finance Dollar edges up against euro NEW YORK: The dollar edged up against the euro and the pound on Monday after economic data continued to show the... Published 25 Jul, 2023 06:20am
Markets ECB set to hike again with inflation stubbornly high FRANKFURT: Another interest rate hike appears a near certainty when ECB policymakers meet Thursday as inflation... Published 24 Jul, 2023 11:05am
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’