Sterling rises, but set for largest weekly fall in six weeks LONDON: Sterling rose on Friday but was still set for its largest weekly decline in six weeks after losing 2%... Published 07 Nov, 2022 05:48am
Markets Fed and BoE dismantle sterling rate support LONDON: The US Federal Reserve and the Bank of England sent two very clear signals to financial markets this week -... Published 04 Nov, 2022 11:32am
Markets Dollar ascendant; sterling slumps on lower rate expectations, bleak outlook SINGAPORE: The dollar looked set to post its best week in over a month on Friday on expectations that US rates could... Published 04 Nov, 2022 09:59am
Markets Sterling slumps ahead of BoE decision after Fed hikes rates again LONDON: Sterling dropped against the dollar on Thursday after the Federal Reserve jacked up interest rates again,... Published 03 Nov, 2022 02:55pm
Markets Dollar rallies as Fed signals more rate hikes; pound drops LONDON: The dollar rose on Thursday, buoyed by a sharp rise in Treasury yields, after the Federal Reserve signaled... Updated 03 Nov, 2022 02:20pm
Business & Finance US dollar climbs as Fed likely to deliver another big hike; sterling slumps NEW YORK/LONDON: The dollar gained across the board on Monday, regaining some ground it lost earlier in the month,... Published 01 Nov, 2022 05:55am
Business & Finance Dollar sags as Fed looks less hawkish NEW YORK: The euro rose back above parity against the dollar for the first time in a month on Wednesday after poor ... Published 27 Oct, 2022 05:54am
Markets British stocks close at one-month high on Sunak-driven optimism LONDON: Britain’s midcap stock index closed at its highest level in a month on Tuesday, with gains led by... Published 26 Oct, 2022 05:52am
Markets Sterling rises as Sunak victory in PM race offsets economic gloom LONDON: The pound rose broadly on Tuesday, boosted by a degree of investor relief after Rishi Sunak won the race to... Published 25 Oct, 2022 01:47pm
Markets Sterling supported by news Rishi Sunak to be UK prime minister LONDON: Sterling took support on Monday from news former finance minister Rishi Sunak is set to become British prime... Published 24 Oct, 2022 07:07pm
Business & Finance Sterling may decide if BoE can talk markets off a cliff LONDON: The Bank of England has the uneviable task of convincing markets they are wrong about how high UK interest... Published 24 Oct, 2022 07:01am
Markets Sterling dips after Truss resigns, fragile yen weakens past 150 level SINGAPORE: Sterling edged lower on Friday as investors digested the news that British Prime Minister Liz Truss had... Published 21 Oct, 2022 09:39am
Markets Sterling rallies, big Nov rate-hike bets scaled back as PM Truss quits LONDON: Sterling rallied and investors reined in their bets on a big Bank of England interest rate hike in November... Published 20 Oct, 2022 07:42pm
Business & Finance Sterling weakens as inflation returns to 40-year highs LONDON: The pound fell on Wednesday after data showed surging food prices pushed British inflation into double ... Published 20 Oct, 2022 05:36am
Markets NZ dollar jumps on rate hike bets, risk-on rally, Aussie lags SYDNEY: The New Zealand dollar jumped on Tuesday, buoyed by rising expectations that the its central bank will have... Published 18 Oct, 2022 12:11pm
Markets Sterling jumps vs dollar on UK U-turn; yen scrabbles off 32-year trough TOKYO: The dollar lost ground against sterling and other major peers on Tuesday as investor sentiment picked up... Published 18 Oct, 2022 12:08pm
Markets Pound rallies ahead of new finance minister’s plans; yen wobbles LONDON: The pound rallied on Monday as Britain’s new finance minister prepared to unveil more fiscal plans aimed at... Updated 17 Oct, 2022 02:15pm
Business & Finance Sterling tumbles; dollar surges to new 32-year high vs yen NEW YORK: Sterling fell sharply against the US dollar on Friday after British Prime Minister Liz Truss fired her... Published 17 Oct, 2022 05:57am
Markets Sterling holds gains on U-turn hopes LONDON: Sterling on Friday held onto the gains of previous day helped by reports the British government will reverse... Published 14 Oct, 2022 02:22pm
Markets Sterling awaits for BoE deadline, fragile yen tests 1998 low LONDON/SINGAPORE: Sterling fell on Thursday, marching towards Wednesday’s almost two-week low, as investors... Published 13 Oct, 2022 01:45pm
Business & Finance US dollar surges to new 24-year high versus yen; sterling rallies LONDON/NEW YORK: The dollar climbed to a fresh 24-year peak versus the yen on Wednesday, holding above levels that... Published 13 Oct, 2022 05:59am
Markets Dollar at 24-year peak to yen after US yields jump; sterling choppy TOKYO: The dollar scaled fresh 24-year heights on the yen on Wednesday, breaching levels that prompted intervention... Updated 12 Oct, 2022 12:28pm
Business & Finance US dollar drifts higher; yen heads toward level that prompted intervention NEW YORK/LONDON: The US dollar edged higher in choppy trading on Tuesday, adding to recent gains ahead of a key... Published 12 Oct, 2022 05:46am
Business & Finance US dollar gains as investors brace for another strong inflation data this week LONDON/NEW YORK: The US dollar rose for a fourth straight session on Monday, as investors looked to inflation data... Published 11 Oct, 2022 05:54am
Markets Sterling slides against strong dollar, traders watching Bank of England LONDON: Sterling slid against the dollar on Monday after the greenback was boosted by strong US labour market data... Published 10 Oct, 2022 02:34pm
Markets Sterling close to this week’s low versus dollar ahead of US data Sterling was slightly higher on Friday but still within striking distance of this week’s low against the dollar... Published 07 Oct, 2022 02:38pm
Markets Dollar clings to gains as bets on further Fed hikes firm SYDNEY: The dollar fought for a footing in choppy trade on Thursday, with support from upbeat US data and hawkish... Published 06 Oct, 2022 09:53am
Business & Finance Dollar gains as US stocks drop NEW YORK: The dollar rebounded across the board on Wednesday as recent risk-on sentiment reversed and US stocks... Published 06 Oct, 2022 05:59am
Markets Sterling rises for sixth straight session after Kwarteng’s tax U-turn LONDON: The pound rose for the sixth consecutive session on Tuesday as investors welcomed the British government’s... Published 04 Oct, 2022 03:16pm
Business & Finance Sterling climbs after tax plan reversal; dollar weaker against yen, euro NEW YORK/LONDON: Sterling jumped against the dollar on Monday after Britain reversed a plan to cut the highest rate... Published 04 Oct, 2022 05:55am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees