Possible for US, EU to avoid recession: Fed official WASHINGTON: The United States and the European Union can avoid recession and achieve a soft landing by bringing... Published 03 Aug, 2022 09:40am
Business & Finance Euro zone bond yields rise as inflation hits another record high LONDON: Euro zone government bond yields rose sharply on Friday as inflation in the bloc rose to another record high... Published 01 Aug, 2022 05:54am
Markets Dollar slightly lower after Fed hikes by 75 basis points NEW YORK: The dollar was slightly lower on Wednesday against a basket of major currencies after the U.S. Federal... Published 28 Jul, 2022 12:44am
Markets Bank of Japan board reshuffle brings in less dovish member TOKYO: The Bank of Japan has reshuffled its board and brought in a new member seen as more keen to end ultra-low... Published 25 Jul, 2022 12:54pm
Markets Fed set for another big rate hike with economy on knife’s edge WASHINGTON: US central bankers face an increasingly difficult balancing act as they struggle to douse scorching... Published 24 Jul, 2022 12:07pm
Opinion Europe’s banks brace for bumpy ride after cheap money decade Europe’s banks, facing a potential economic storm and a rise in borrowing costs for the first time in more than a... Published 23 Jul, 2022 04:10am
Markets Copper retreats on stubborn recession fears as ECB raises rates LONDON: Copper slipped on Thursday as the European Central Bank raised interest rates by more than expected,... Published 22 Jul, 2022 06:07am
Print ECB surprises with aggressive rate hike, first since 2011 FRANKFURT: The European Central Bank raised interest rates by more than expected on Thursday as concerns about... Published 22 Jul, 2022 06:07am
Business & Finance Weak pound hits two-week low vs euro after oversized ECB hike LONDON: The British pound hit a two-week low against the euro on Thursday after a larger-than-expected rate hike ... Published 22 Jul, 2022 06:07am
Business & Finance Australia, NZ dollars lose momentum SYDNEY: The Australian and New Zealand dollars lost some steam on Thursday, as a recent bounce ran into new worries... Published 22 Jul, 2022 06:07am
Markets Nasdaq rises as Tesla posts strong earnings The Nasdaq edged higher on Thursday boosted by gains in electric automaker Tesla on its better-than-expected... Published 22 Jul, 2022 12:04am
Markets Wall Street shares retreat at the open NEW YORK: The two-day rally in US stocks fizzled on Thursday, as Wall Street opened mostly lower with investors... Published 21 Jul, 2022 08:04pm
World ECB raises rates more than expected to fight off runaway inflation FRANKFURT: The European Central Bank raised interest rates by more than expected on Thursday, confirming that... Published 21 Jul, 2022 05:46pm
Markets ECB faces dilemma as it prepares historic hike FRANKFURT: The European Central Bank is set to raise its interest rates for the first time in over a decade on... Published 21 Jul, 2022 09:46am
Business & Finance Dollar edges down vs euro as traders eye ECB rate decision NEW YORK: The US dollar edged lower against the euro on Wednesday in a choppy session, but its losses were capped as... Published 21 Jul, 2022 05:40am
Business & Finance The hike is (almost) here! Now for what comes next: Five questions for the ECB LONDON: The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets... Published 18 Jul, 2022 11:22pm
Markets Draghi’s turmoil revives Italy debt crisis fears MILAN: In a big case of Italian deja vu, political turmoil and the ECB’s rate hike have reignited fears of a debt... Published 18 Jul, 2022 12:03pm
World Italian president asks Draghi to rethink resignation ROME: The Italian head of state on Thursday rejected the resignation of Prime Minister Mario Draghi and asked him to... Published 14 Jul, 2022 11:54pm
Markets European shares slide as US inflation hots up, euro falls below parity PARIS: European shares fell on Wednesday as higher than expected US inflation data raised bets about more aggressive... Published 14 Jul, 2022 05:00am
World Hackers posing as Merkel target ECB’s Lagarde FRANKFURT: Unidentified hackers attempted to trick European Central Bank President Christine Lagarde into letting... Published 13 Jul, 2022 05:48am
Markets ECB urges banks to ‘step up’ climate risk management FRANKFURT: The European Central Bank on Friday called on banks to improve their preparations for future... Published 08 Jul, 2022 02:36pm
Opinion Euro’s 20-year low leaves ECB facing costly choices The euro’s tumble towards parity against the dollar has pushed the European Central Bank back against a wall,... Published 08 Jul, 2022 05:36am
Markets Euro zone yields rise as rush to safe-haven assets pauses Euro zone government bond yields rose on Monday as investors paused their bond buying after rushing into safe-haven... Published 04 Jul, 2022 02:34pm
Markets Dollar holds firm as growth fears stalk markets SINGAPORE: The dollar kept trade-sensitive currencies pinned near multi-year lows on Monday and the euro was under... Published 04 Jul, 2022 10:04am
Markets Gulf bourses end mixed; Egypt hits lowest in over 2 years DUBAI: Stock markets in the Gulf ended mixed on Sunday, with the Saudi index extending losses as investors fret that... Published 04 Jul, 2022 06:17am
Markets Global stocks mixed as eurozone inflation hits record NEW YORK: Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, ... Published 04 Jul, 2022 06:17am
Markets European stocks fall as hawkish c bank bets fan recession fears LONDON: European shares fell on Wednesday, as fears about a global recession deepened after chiefs of the European... Published 30 Jun, 2022 06:07am
Business & Finance Bank of England may not need to act forcefully, says Bailey SINTRA, (Portugal): The Bank of England will not necessarily have to act “forcefully” to get inflation under... Published 30 Jun, 2022 06:07am
Markets ECB to drain cash in offset to new yield-capping scheme SINTRA: The European Central Bank will likely drain cash from the banking system to offset any bond purchases made... Published 28 Jun, 2022 10:37am
Business & Finance Euro slumps after bleak PMIs, dollar drops vs yen LONDON/NEW YORK: The euro fell across the board on Thursday as weaker-than-expected German and French PMI data... Published 24 Jun, 2022 06:15am