Oil prices advance on tighter supply outlook LONDON: Oil prices firmed on Thursday, following two consecutive sessions of decline, as investors saw a tighter... Updated 28 Mar, 2024 05:41pm
Business & Finance Dollar set for weekly rise NEW YORK: The dollar headed for a second week of gains on Friday, with a slight rate hike in Japan unable to halt ... Published 23 Mar, 2024 05:41am
Business & Finance ECB plans greater use of escalation powers with banks: Buch FRANKFURT: The European Central Bank plans to be more aggressive this year in escalating problems with lenders that... Published 21 Mar, 2024 01:29pm
Business & Finance Bank of England to hold rate despite slowing inflation LONDON: The Bank of England is widely expected to keep its main interest rate at a 16-year high Thursday, rejecting... Published 21 Mar, 2024 12:12pm
Business & Finance ECB cannot commit to rate path even after first cut, Lagarde says FRANKFURT: The European Central Bank cannot commit to a pre-set number of interest rate cuts even after it starts... Published 20 Mar, 2024 04:56pm
Business & Finance ECB ready in June to discuss rate cuts, de Guindos says FRANKFURT: The European Central Bank will be in position to discuss an interest rate cut in June, Vice President... Published 19 Mar, 2024 02:17pm
Markets European stocks falter on US rate jitters PARIS: European shares dipped on Friday as risk sentiment remained subdued due to mounting concerns the Federal... Published 16 Mar, 2024 06:26am
Business & Finance Bank of England set to play for time before first rate cut LONDON: The Bank of England will probably keep investors guessing next week about when it is likely to start cutting... Published 15 Mar, 2024 11:36am
Markets Dollar steadies as traders weigh hotter-than-expected inflation TOKYO: The US dollar held steady against a handful of rival currencies on Wednesday, as traders weighed what impact... Published 13 Mar, 2024 09:55am
Business & Finance ECB policymakers line up behind upcoming rate cut FRANKFURT: European Central Bank policymakers on Friday lined up in support of an interest rate cut in the coming... Published 08 Mar, 2024 03:02pm
Markets Dollar droops ahead of payrolls SINGAPORE: The dollar headed for its sharpest weekly drop of the year on Friday as Federal Reserve Chair Jerome... Published 08 Mar, 2024 09:57am
Business & Finance ECB keeps rates on hold with inflation still sticky FRANKFURT: The European Central Bank froze interest rates again on Thursday as it held off from starting to cut... Updated 07 Mar, 2024 07:01pm
Business & Finance Dollar slips vs euro as data weighs NEW YORK: The dollar slipped against the euro on Tuesday after data showed US services industry growth eased and as... Published 06 Mar, 2024 04:18am
Business & Finance Dollar edges down vs euro NEW YORK: The US dollar edged down against the euro on Monday, at the start of an action-packed week for markets ... Published 05 Mar, 2024 03:09am
Business & Finance ECB to hold rates again, awaiting clearer signs on inflation FRANKFURT: The European Central Bank is expected to freeze interest rates again this week, with officials wary of... Published 04 Mar, 2024 11:33am
Markets Europe’s STOXX 600 rises on miners, tech support PARIS: Europe’s benchmark stock index inched up on Tuesday, with Germany’s DAX hitting a record high, while... Published 28 Feb, 2024 06:10am
Markets Sterling bulls take a breather, for now LONDON: Speculators have trimmed their bullish positions in the pound for the first time in eight weeks, suggesting... Published 27 Feb, 2024 12:22pm
Markets Europe’s STOXX 600 falls at start of inflation data-driven week PARIS: Europe’s benchmark stock index dropped on Monday, led by miners, with investors bracing for crucial... Published 27 Feb, 2024 03:06am
Business & Finance ECB books first loss since 2004 as rate hikes bite FRANKFURT: The European Central Bank said Thursday its series of interest rate hikes had led it to a loss in 2023,... Published 23 Feb, 2024 06:36am
Business & Finance ECB reports record loss for 2023 as rate hikes bite FRANKFURT: The European Central Bank on Thursday reported a record annual loss for 2023 and said further losses were... Published 22 Feb, 2024 04:24pm
Markets Oil steadies as demand jitters counter Middle East conflict LONDON: Global oil benchmark Brent crude was little changed on Monday, hovering around $83 a barrel as festering... Updated 19 Feb, 2024 06:17pm
Markets European markets round off busy week of data PARIS: European shares ended a data-packed week on an upbeat note with stellar earnings updates and hopes of ... Published 17 Feb, 2024 05:51am
Business & Finance ECB likely to cut rates in small increments with pauses ZAGREB: The exact date for the start of European Central Bank rate cuts is secondary, but once the bank starts... Published 30 Jan, 2024 04:44pm
Business & Finance ECB will start cutting rates sooner or later as inflation eases, De Guindos says MADRID: The European Central Bank will cut interest ratees sooner or later given recent encouraging inflation... Published 29 Jan, 2024 01:08pm
Print ECB keeps rates unchanged FRANKFURT: The European Central Bank kept interest rates unchanged at a record-high 4% as expected on Thursday and... Updated 26 Jan, 2024 09:55am
Markets Yen falls as BOJ stands pat; China market rescue talk helps yuan, Aussie SINGAPORE: The yen fell broadly on Tuesday after the Bank of Japan (BOJ) maintained its ultra-loose monetary policy... Published 23 Jan, 2024 09:32am
Business & Finance ECB to signal no rush to cut interest rates FRANKFURT: European Central Bank policymakers are expected to keep interest rates steady on Thursday and signal they... Published 22 Jan, 2024 12:56pm
Markets European shares clock weekly declines as rate-cut euphoria fades PARIS: European shares logged weekly declines on Friday, as investors tempered their expectations around major... Published 20 Jan, 2024 05:18am
Markets Asian shares bounce on global tech rally, yen loser of the week SYDNEY: Asian shares bounced on Friday, buoyed by a rally in regional chipmakers, while the yen was set to end the... Published 19 Jan, 2024 09:59am
Markets European shares advance as chipmakers rally PARIS: European shares bounced back on Thursday following three straight sessions of losses, buoyed by Richemont and... Published 19 Jan, 2024 05:37am