Asian FX reserves slip as central banks grapple with strong dollar SINGAPORE: Asia’s central banks have spent this year defending their currencies against a strong US dollar, paring... Published 17 Oct, 2023 05:51am
World US consumer prices rise on gasoline and shelter costs in September WASHINGTON: US consumer prices increased in September amid higher costs for rent and gasoline, but underlying... Published 12 Oct, 2023 05:51pm
Business & Finance US logs fastest hiring pace in months WASHINGTON: US employers stepped up their hiring pace unexpectedly in September while unemployment held steady,... Published 07 Oct, 2023 06:01am
Markets Wall St rides roller-coaster on hawkish Fed, ends down NEW YORK: Wall Street see-sawed on Friday, and closed slightly lower after a tumultuous week during which benchmark... Published 25 Sep, 2023 06:34am
Markets Gold ekes out gains as US dollar, yields ease NEW YORK: Gold prices edged higher on Friday, helped by a slight pullback in the dollar and bond yields as investors... Published 25 Sep, 2023 06:34am
Business & Finance Dollar up as data highlights US economic resilience NEW YORK: The US dollar advanced against a basket of currencies on Friday as the latest batch of data on business... Published 25 Sep, 2023 06:34am
Business & Finance US Fed likely to pause rate hikes and raise growth forecast WASHINGTON: Analysts expect the US Federal Reserve to pause interest rate hikes on Wednesday as the central bank... Published 20 Sep, 2023 07:10pm
Markets Wall St gains in choppy trading ahead of Fed verdict NEW YORK: Wall Street’s main indexes rose on Monday in choppy trading as energy stocks tracked higher crude oil... Published 19 Sep, 2023 06:31am
Business & Finance More rate hikes ‘likely’ needed to lower inflation: Fed official WASHINGTON: A US central bank official said Saturday that more interest rate hikes “will likely be needed” to bring... Published 05 Aug, 2023 09:26pm
Business & Finance Slower, but still strong US employment growth expected in July WASHINGTON: US job growth likely slowed further in July, but retained enough momentum to shield the economy from a... Published 04 Aug, 2023 10:03am
Business & Finance Bank of England raises borrowing costs to 15-year peak, signals rates to stay high LONDON: The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of... Published 03 Aug, 2023 05:53pm
Markets Rupee sustains back-to-back losses, settles at 287.54 against US dollar Currency depreciates 0.31% in inter-bank market Updated 01 Aug, 2023 08:36pm
Business & Finance Fed official leaves door open to rate hike pause in September WASHINGTON: A Federal Reserve official left open the possibility on Monday of pausing or stopping interest rate... Published 31 Jul, 2023 08:28pm
Markets US Federal Reserve likely to lift interest rates to 22-year high WASHINGTON: The US Federal Reserve is poised to announce a fresh quarter percentage-point hike to its benchmark... Updated 26 Jul, 2023 12:51pm
Business & Finance US Fed plays catch-up with new instant payments system WASHINGTON: The Federal Reserve launched its long-awaited instant payments system on Thursday, bringing the United... Published 20 Jul, 2023 07:50pm
Markets Brent oil hovers above $80 as U.S inflation eases LONDON: Global oil benchmark Brent hovered above $80 a barrel on Thursday after U.S. inflation data implied interest... Updated 13 Jul, 2023 05:02pm
Markets Wall St rallies as cooling inflation eases rate hike fears NEW YORK: Wall Street rallied on Wednesday, led by gains in rate-sensitive megacap growth stocks after data showed... Published 13 Jul, 2023 04:50am
World Fed’s Barr lays out plan to order more capital for large US banks WASHINGTON: The Federal Reserve’s top regulatory official laid out a sweeping plan to increase capital requirements... Published 10 Jul, 2023 08:20pm
Business & Finance We are still monitoring the banks' situation very carefully: Fed's Powell MADRID: The US Federal Reserve is still monitoring the situation in the banking industry “very carefully” to address... Updated 30 Jun, 2023 10:05am
Markets Powell: Expects dollar to remain global reserve currency Federal Reserve Chair Jerome Powell said on Wednesday he expects the U.S. dollar to remain the world’s reserve... Published 21 Jun, 2023 09:12pm
World US Federal Reserve chair says additional rate hikes likely WASHINGTON: Federal Reserve Chair Jerome Powell said Wednesday that additional US interest rate hikes will likely be... Published 21 Jun, 2023 05:42pm
World Fed’s Waller: Not clear bank failures had a material effect on credit tightening WASHINGTON: Changes in credit conditions since the failure of Silicon Valley Bank in early March are “in line” with... Published 16 Jun, 2023 05:09pm
World Fed seen holding rates steady this week after inflation data Federal Reserve policymakers are seen as far more likely to skip raising interest rates this week after government... Published 13 Jun, 2023 07:41pm
Markets Asian FX gains after weak US data, Fed pause in focus Most Asian currencies strengthened on Friday, with Thailand’s baht leading the charge, after a jump in US weekly... Published 09 Jun, 2023 12:05pm
World IMF urges Fed, central banks to keep tightening to reduce inflation WASHINGTON: The International Monetary Fund on Thursday urged the U.S. Federal Reserve and other global central... Updated 08 Jun, 2023 09:32pm
World US weekly jobless claims rise modestly; layoffs increase in May WASHINGTON: The number of Americans filing new claims for unemployment benefits increased modestly last week,... Published 01 Jun, 2023 07:02pm
Markets Dollar retreats as Fed pause eyed; US debt deal clears House SINGAPORE: The dollar retreated from a two-week top against its major peers on Thursday as investors trimmed bets... Published 01 Jun, 2023 09:40am
Markets Dollar hits 6-month high versus yen on higher-for-longer US rate expectations SINGAPORE: The dollar touched a six-month high against the yen on Tuesday as expectations grew that US rates will... Published 23 May, 2023 09:16am
Markets Asian shares tentative, US debt ceiling talks weigh on risk appetite SINGAPORE: Asian shares were subdued on Wednesday and the dollar hovered around a five-week peak as investors... Published 17 May, 2023 09:39am
Business & Finance Another Fed official indicates support for US rate hike WASHINGTON: The US Federal Reserve may have to continue raising interest rates to bring down inflation, the... Published 15 May, 2023 08:11pm