Dollar keeps gains as traders bet Fed headed for a pause SINGAPORE: The US dollar was clinging close to a more than one week peak on Friday as a slew of data overnight... Published 12 May, 2023 09:53am
Markets Dollar sinks versus yen with US yields depressed after CPI TOKYO: The dollar sank for a second day against the yen on Thursday, feeling the pressure from lower U.S. Treasury... Published 11 May, 2023 09:41am
World Fed’s Jefferson says economy slowing in ‘orderly’ manner WASHINGTON: The U.S. economy is slowing in an “orderly fashion” that should allow inflation to decline even as... Published 09 May, 2023 06:51pm
Markets Wall Street Week Ahead: US consumer price data to test feared stagflation scenario NEW YORK: Fears of stagflation are percolating on Wall Street, as investors await data that could shed light on... Published 08 May, 2023 06:40am
World US private payrolls beat expectations in April: ADP WASHINGTON: US private employers boosted hiring in April, but there are signs that the labor market is slowing amid... Published 03 May, 2023 05:45pm
World Fed begins rate talks that could herald end of hikes WASHINGTON: The US Federal Reserve kicked off a two-day meeting Tuesday morning to decide whether to raise its... Published 02 May, 2023 07:22pm
Markets Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB TOKYO: The yen continued its steep descent on Tuesday, reaching a 15-year low to the euro, as the implications of a... Published 02 May, 2023 09:25am
Business & Finance Dollar steady before Fed meeting, jobs data NEW YORK: The dollar was little changed on Monday before a busy week for central banks, with the Federal Reserve... Published 02 May, 2023 05:59am
Business & Finance Fed says new refinements of trading process are coming NEW YORK: The Federal Reserve is planning new steps to ensure officials and top staff are complying with financial... Published 02 May, 2023 05:59am
World US Fed may reverse rules that masked losses on SVB’s securities: WSJ US Federal Reserve is considering ending an exemption that has allowed certain midsize banks to conceal losses on... Published 21 Apr, 2023 08:58pm
World US home sales slowed in March WASHINGTON: Sales of existing homes in the United States slowed in March, the Commerce Department said Thursday,... Published 20 Apr, 2023 07:23pm
Markets Oil slides as interest rate expectations eclipse Chinese data LONDON: Oil prices dropped sharply on Wednesday as potential U.S. interest rate hikes that could slow growth and... Updated 19 Apr, 2023 08:29pm
Business & Finance Fed likely to hike rates one more time and then hold steady, Bostic says The US central bank most likely has one more interest rate rise ahead of it as it continues to work to lower high... Published 18 Apr, 2023 09:33pm
World US single-family housing starts increase in March WASHINGTON: U.S. single-family homebuilding increased in March, while permits for future construction surged,... Published 18 Apr, 2023 06:35pm
World Fed’s Bullard discounts recession talk, favors more rate hikes ST. LOUIS: The U.S. central bank should continue raising interest rates on the back of recent data showing inflation... Published 18 Apr, 2023 06:09pm
Business & Finance Bank of America profit rises as it cashes in on higher interest rates Bank of America Corp’s profit rose in the first quarter as it earned more from customers’ interest payments while... Published 18 Apr, 2023 04:29pm
Markets Asia FX climbs after cooler US inflation data The Indonesian rupiah emerged as the top gainer among Southeast Asian currencies on Thursday after a... Published 13 Apr, 2023 10:55am
World Fed rate hike in May still the odds-on bet The Federal Reserve is likely to raise its policy rate once more in May to a range of 5.00%-5.25%, according to... Published 12 Apr, 2023 09:40pm
Markets Asian stocks ease ahead of US inflation data, Fed minutes SINGAPORE: Asian equities drifted lower on Wednesday ahead of a crucial US inflation report that will likely... Published 12 Apr, 2023 11:07am
Markets Gold advances on softer dollar as traders await US inflation data Gold prices rose on Tuesday after falling over 1% in the previous session, as the dollar eased while investors... Published 11 Apr, 2023 10:06am
Markets Oil edges higher as tighter supply looms, growth concerns weigh LONDON: Oil prices edged higher on Monday, after rising for three straight weeks, as looming supply cuts from Saudi... Updated 10 Apr, 2023 06:01pm
Markets Yen sinks as rates outlook diverges; NZ dollar tumbles TOKYO: The yen sank against major peers on Monday after US payrolls data bolstered the case for further Federal... Published 10 Apr, 2023 10:12am
Business & Finance US hiring eases in March as economy shows signs of cooling WASHINGTON: US job gains eased in March for a second straight month, government data showed Friday, adding to signs... Published 10 Apr, 2023 06:45am
Business & Finance Dollar rises vs most currencies as US non-farm payrolls loom NEW YORK: The dollar gained against most of its peers on Thursday in thin trading, as investors consolidated... Published 07 Apr, 2023 06:06am
Business & Finance US dollar sags after weak data NEW YORK: The US dollar tumbled to a two-month low on Tuesday in choppy trading after another round of weak economic... Published 05 Apr, 2023 06:16am
World As banking jitterbug dies down, Fed returns to its main dance partner WASHINGTON: Federal Reserve officials, increasingly confident they have nipped a potential financial crisis in the... Published 03 Apr, 2023 10:04pm
Business & Finance Dollar trims gains vs euro after US inflation data NEW YORK: The dollar pared gains against the euro on Friday after US data showed personal consumption expenditure... Published 03 Apr, 2023 06:36am
Business & Finance Fed begins crucial rate talks amid ongoing bank concerns WASHINGTON: Federal Reserve members kicked off two days of crucial interest rate talks on Tuesday, as the US central... Published 21 Mar, 2023 08:04pm
Business & Finance Global banking turbulence prompts Wall Street banks to trim hawkish Fed bets Goldman Sachs is expecting a pause this week from the U.S. Federal Reserve after a year-long rate increase campaign... Published 20 Mar, 2023 09:07pm
Markets Wall Street Week Ahead: Plunging bond yields boost stocks’ allure ahead of Fed meeting NEW YORK: Whipsawed US stocks have gained an unexpected ally in recent days - a historic plunge in bond yields. US... Published 20 Mar, 2023 06:12am