Central banks have yet to script final act of inflation fight as risks rise WASHINGTON: Major central banks may be deep into their drive to raise interest rates in hopes of killing inflation,... Published 17 Apr, 2023 11:12am
Markets ECB policymakers converging on 25-bps rate hike in May WASHINGTON: European Central Bank policymakers are converging on a 25 basis point interest rate hike in May, even if... Published 13 Apr, 2023 12:13pm
Markets European shares slip as data signal slower economic recovery PARIS: European shares fell on Wednesday as investors maintained a cautious stance after data signalled a... Published 06 Apr, 2023 06:20am
Markets European equities climb; oil prices firm after surge LONDON: European equities rose further Tuesday, while oil prices held onto Monday’s surge after top OPEC+ producers... Updated 04 Apr, 2023 05:20pm
Markets Euro zone government bond yields rise as banking fears ease Euro zone government bond yields rose on Tuesday while expectations over the European Central Bank terminal rate... Published 28 Mar, 2023 02:17pm
Markets ECB’s Enria says Deutsche Bank’s selloff is a concern FRANKFURT: The European Central Bank’s top supervisor said on Tuesday he was concerned by a selloff in Deutsche Bank... Published 28 Mar, 2023 02:00pm
Markets A buyer for SVB soothes broader markets, but default stress haunts banks A buyer for Silicon Valley Bank’s deposits and loans helped cast an uneasy calm over fragile markets on Monday,... Published 27 Mar, 2023 11:02am
Markets Indian shares open higher as SVB acquisition hopes aid sentiment BENGALURU: Indian shares opened higher on Monday after reports of advanced talks for the acquisition of collapsed... Published 27 Mar, 2023 10:01am
World EU leaders insist eurozone banking sector stable BRUSSELS: EU leaders and the head of the European Central Bank scrambled on Friday to reassure the markets that the... Published 24 Mar, 2023 08:38pm
Markets ECB to watch bank rates for signs of stress, Lagarde says FRANKFURT: The European Central Bank’s interest rate increases are just starting to take effect on the economy but... Published 22 Mar, 2023 03:00pm
Business & Finance ECB tells banks to watch their cash amid turmoil FRANKFURT: Euro zone banks should watch their sources of funding or they risk being “caught off guard” by rising... Published 22 Mar, 2023 06:24am
Markets French banks stable, Credit Suisse takeover deal welcome PARIS: Bank of France head Francois Villeroy de Galhau said French banks were stable and profitable and had good... Published 20 Mar, 2023 01:32pm
Markets Credit Suisse takeover, central bank action calm jittery markets Moves by authorities to avert a global banking crisis lifted market confidence on Monday as investors welcomed a... Updated 20 Mar, 2023 12:35pm
Markets Yen drops, dollar on defensive as central banks seek to reassure markets TOKYO: Currency markets showed some cautious optimism after global authorities moved to stem contagion from a... Published 20 Mar, 2023 10:09am
Business & Finance UBS agrees to buy Credit Suisse as global regulators assure markets UBS will buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion... Updated 20 Mar, 2023 01:45am
Markets Indian rupee to inch up, helped by the US and Europe bank rescues MUMBAI: The Indian rupee is expected to open higher versus the dollar on Friday, aided by the slight improvement in... Published 17 Mar, 2023 10:52am
Business & Finance ECB raises rates as planned despite banking turmoil FRANKFURT: The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring... Published 17 Mar, 2023 07:09am
Markets Wall St rebounds on reports about First Republic’s deal talks with big banks NEW YORK: Wall Street’s main indexes reversed declines on Thursday after a report said some US big banks were in... Published 17 Mar, 2023 06:16am
Markets Market turmoil tests ECB rate hike appetite FRANKFURT: European Central Bank governors will meet Thursday, with fears over a widening banking crisis testing... Published 16 Mar, 2023 10:33am
Markets Oil regains some ground after Credit Suisse lifeline LONDON: Oil prices clawed back some ground on Thursday, recovering from the previous session’s 15-month lows, as... Updated 16 Mar, 2023 05:31pm
Markets ECB likely to stick to big rate hike despite banking turmoil, source says FRANKFURT: European Central Bank policymakers are still leaning towards a half-percentage-point rate hike on... Published 15 Mar, 2023 12:49pm
World Italy may have staved off recession, economy minister says ROME: Italy seems to have avoided an economic recession despite being hit by costly energy prices and record high... Published 06 Mar, 2023 11:14pm
Markets Oil prices slump after report on UAE debating OPEC exit LONDON: Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates had an... Updated 03 Mar, 2023 07:54pm
Markets Oil rises on Chinese demand but European rate hike fears weigh NEW YORK: Oil rose on Thursday on signs of a strong economic rebound in top crude importer China, but fears over the... Updated 03 Mar, 2023 07:33am
Opinion Traders relaxed as ECB starts running down massive bond holdings Strong investor inflows into bond markets this year mean traders and bankers are confident the European Central Bank... Updated 02 Mar, 2023 07:01am
Markets European shares kick off March lower PARIS: A fall in the shares of the euro zone’s largest bank BNP Paribas weighed on Europe’s STOXX 600 on... Published 02 Mar, 2023 06:23am
Markets European shares slip on sticky inflation fears PARIS: European shares slipped on Tuesday after data from France and Spain pointed to inflation being stickier than... Published 01 Mar, 2023 07:24am
Markets ECB has started to win inflation fight, Lane says FRANKFURT: Euro zone inflation pressures have begun to ease, including for all-important core prices, but the... Published 28 Feb, 2023 12:22pm
Opinion Markets bracing for ‘no landing’ world economy scenario curb risk appetite Markets, bracing for a “no landing” scenario where global economic growth is resilient and inflation stays ... Updated 23 Feb, 2023 06:21am
Markets Dollar climbs as central banks see inflation risks unwind SINGAPORE: The euro and sterling slipped against the dollar on Friday as markets took a dovish cue from policymakers... Published 03 Feb, 2023 09:41am