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
World U.S. Treasury, Federal Reserve in touch with Swiss authorities after UBS deal to buy Credit Suisse WASHINGTON: The U.S. Federal Reserve and the Treasury Department said on Sunday they welcomed the announcements by... Published 20 Mar, 2023 12:57am
Markets Biden to defend US banking system after SVB, Signature collapse WASHINGTON: President Joe Biden will on Monday address a banking crisis that led US regulators to step in with a... Published 13 Mar, 2023 12:06pm
Business & Finance Dollar weakens after US jobs data NEW YORK: The dollar weakened on Friday after US labor data showed slower wage growth, suggesting inflation ... Published 13 Mar, 2023 06:15am
Markets Wall Street Week Ahead: US economic resilience could add lustre to semiconductor shares NEW YORK: Signs of a resilient US economy are boosting the appeal of semiconductor stocks, even as worries over the... Published 27 Feb, 2023 06:17am
Markets Markets fall as Fed warns rates to go higher for longer HONG KONG: Markets mostly fell Thursday on the prospect of US interest rates going higher, and for longer, as... Published 09 Feb, 2023 10:36am
Markets Wall St falls as policymakers’ comments fan rate hike worries NEW YORK: Wall Street’s main stock indexes slipped on Wednesday as comments from Federal Reserve officials... Published 09 Feb, 2023 06:02am
World Fed's Waller sees no sign of 'quick' decline in inflation WASHINGTON: Inflation seems poised to continue slowing this year but the U.S. central bank's battle to reach its 2%... Published 08 Feb, 2023 11:50pm
Business & Finance US Fed unveils smaller rate hike but signals inflation fight not over WASHINGTON: America's Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive... Updated 02 Feb, 2023 12:31am
Business & Finance US Fed starts policy meeting with smaller rate hike likely WASHINGTON: US central bankers opened a two-day policy meeting Tuesday on rising expectations that they will slow... Published 31 Jan, 2023 09:16pm
Business & Finance US economy grows strongly in fourth quarter WASHINGTON: The US economy maintained a strong pace of growth in the fourth quarter as consumers boosted spending on... Published 30 Jan, 2023 05:56am
World Wall St falls as labour market resilience spurs rate hike worries NEW YORK: US stock indexes fell on Thursday after data pointing to a tight labor market sparked worries that the... Published 20 Jan, 2023 06:10am
Markets Indian rupee seen lower as growth fears hit risk sentiment MUMBAI: The Indian rupee is likely to weaken at open against the US dollar on Thursday as mounting global growth... Published 19 Jan, 2023 10:34am
Markets Gold prices steady as focus shifts to Powell’s speech Gold prices were steady on Tuesday, with cautious traders largely focusing on Federal Reserve Chair Jerome Powell’s... Published 10 Jan, 2023 09:27am
Business & Finance Oil rises over 1pc NEW YORK: Oil prices rose over 1% on Monday after China’s move to reopen its borders boosted the outlook for fuel... Published 10 Jan, 2023 06:00am
Markets Oil jumps 3% on demand optimism as China’s borders reopen LONDON: Oil extended gains on Monday, rising more than 3% after China’s move to reopen its borders boosted the... Updated 09 Jan, 2023 08:50pm
Markets Fed seen slowing rate hike pace further next month The Federal Reserve is seen slowing its interest-rate hikes further after a government report on Friday showed wage... Published 06 Jan, 2023 07:51pm
Markets US yields fall after mixed non-farm payrolls report NEW YORK: US Treasury yields pulled back on Friday, after data showed wage inflation declined in December even... Published 06 Jan, 2023 07:28pm
World US unemployment dips in December as job gains remain robust WASHINGTON: US job gains exceeded expectations in December while the unemployment rate ticked down, a... Published 06 Jan, 2023 07:10pm
Business & Finance Dollar jumps on strong employment data NEW YORK: The dollar jumped on Thursday after data pointed to a strong jobs market a day before Friday’s highly... Published 06 Jan, 2023 05:58am
Markets Wall Street sell-off deepens as recession fears bite NEW YORK: Wall Street’s main stock indexes extended losses on Friday as fears of a looming recession sparked by ... Published 19 Dec, 2022 06:00am
Markets Wall Street falls sharply on angst over hawkish Fed NEW YORK: US stock indexes fell sharply on Thursday, with the Dow on track for its steepest single-day fall in three... Published 16 Dec, 2022 05:58am
Markets US Fed expected to slow pace of rate hikes as inflation eases WASHINGTON: US central bankers open the second day of a key policy meeting Wednesday, with mounting anticipation of... Published 14 Dec, 2022 10:45am
Opinion Investors on alert for policy error after cheering slower rate hikes Central banks are starting to slow aggressive rate rises but are far from done even as recession looms, leaving... Published 13 Dec, 2022 05:58am
Business & Finance US dollar slips as markets expect lower inflation NEW YORK: The dollar fell on Monday in thin trading as investors priced in a lower US consumer price inflation ... Published 13 Dec, 2022 05:58am
Business & Finance Dollar gives back gains as strong wage growth complicates Fed policy NEW YORK: The dollar dipped on Friday as a Federal Reserve official said rate hikes are likely to slow and as... Published 05 Dec, 2022 05:47am
Markets Rupee registers gains, settles at 223.69 against US dollar Currency appreciates 0.12% against US dollar Updated 01 Dec, 2022 07:23pm
Business & Finance Indian rupee posts best weekly performance MUMBAI: The Indian rupee surged against the dollar on Friday on expectations of a less hawkish Federal Reserve ... Published 14 Nov, 2022 05:55am
Business & Finance Sterling edges up against weakening dollar LONDON: Sterling edged higher against a weakening dollar on Friday after British economic data came in stronger than... Published 14 Nov, 2022 05:55am