ECB ramps up rates by unprecedented 75 bps to fight inflation FRANKFURT: The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday... Updated 08 Sep, 2022 10:07pm
Markets Europe’s STOXX 600 falls PARIS: Europe’s STOXX 600 index fell on Wednesday led by declines in commodity stocks after lacklustre trade data... Published 08 Sep, 2022 05:43am
Markets Oil dives more than $4 on strong dollar, recession fears NEW YORK: Oil prices tumbled more than $4 on Wednesday, slumping below levels seen prior to Russia’s invasion of... Published 08 Sep, 2022 05:43am
Markets ECB poised for big rate hike in face of record inflation FRANKFURT: After raising interest rates for the first time in over a decade at their last meeting, European Central... Published 05 Sep, 2022 10:22am
Markets European shares get September off to bad start LONDON: European stocks got September off to a weak start on Thursday, falling to seven-week lows on deepening... Published 02 Sep, 2022 06:00am
Markets Aluminium lurches to 16-month low on renewed demand fears LONDON: Aluminium prices stumbled to their lowest in 16 months on Thursday while other based metals also slid on... Published 02 Sep, 2022 06:00am
Markets Most Gulf bourses fall on weaker oil, recession worries Most Gulf stock markets were subdued in early trade on Thursday, as oil prices extended losses on fears over weaker... Published 01 Sep, 2022 01:41pm
Business & Finance Dollar higher as bets rise on another oversized Fed rate hike NEW YORK: The dollar rose on Tuesday, but was below the 20-year high it hit a day earlier, while the euro edged... Published 31 Aug, 2022 05:50am
Business & Finance Dollar touches 20-year high, but kept in check by euro, as rates in focus NEW YORK: The dollar touched a fresh 20-year high on Monday, fuelled by hawkish comments by Federal Reserve Chair... Published 30 Aug, 2022 06:21am
Business & Finance ECB should raise rates at steady pace, chief economist says FRANKFURT: The European Central Bank should raise interest rates at a “steady pace” until the end of its hiking... Published 29 Aug, 2022 07:07pm
Markets Germany leads European shares lower LONDON: European shares tumbled on Friday, with Germany in the lead as investors fretted over downbeat consumer... Published 29 Aug, 2022 05:44am
Business & Finance Dollar rebounds as Powell commits to fighting inflation NEW YORK: The dollar index gained on Friday after Federal Reserve Chair Jerome Powell adopted a hawkish tone to... Published 29 Aug, 2022 05:44am
Business & Finance ECB needs another big rate hike in September, Kazaks says JACKSON HOLE: A euro zone recession is now very likely but that alone will not bring down inflation and the European... Published 27 Aug, 2022 06:23pm
Business & Finance Some ECB policymakers want 75 basis point hike discussed in Sept JACKSON HOLE: Some European Central Bank policymakers want to discuss a 75 basis point interest rate hike at the... Published 26 Aug, 2022 06:33pm
Business & Finance ECB accounts show inflation concerns intensifying European Central Bank policymakers meeting last month appeared increasingly concerned that high inflation was... Published 25 Aug, 2022 06:17pm
Markets ECB’s Lagarde: climate change has clear impact on inflation BERLIN: The European Central Bank needs to take climate change into account when making decisions as it has a clear... Published 25 Aug, 2022 11:53am
World As Ukraine war drags on, Europe’s economy succumbs to crisis FRANKFURT: It was meant to be Europe’s stellar year. A post-pandemic spending euphoria, supported by copious... Published 23 Aug, 2022 01:51pm
Markets Dollar higher on risk aversion; euro revisits parity NEW YORK: The U.S. dollar rose across the board on Monday, briefly driving the euro back below parity, as investors... Updated 22 Aug, 2022 07:50pm
Print EU fiscal oversight of Greece ends after 12 years ATHENS: Greece on Saturday concluded 12 years of European Union fiscal surveillance that was imposed in return for... Published 21 Aug, 2022 05:16am
Markets Copper rises on hopes for improved Chinese demand LONDON: Copper prices rose on Thursday for the first time in a week as hopes for solid demand in China offset fears... Published 19 Aug, 2022 05:57am
Business & Finance ECB steps in as banks dip toes in crypto pool LONDON: The European Central Bank (ECB) said on Wednesday it would harmonise how banks offer cryptoassets to ensure... Published 17 Aug, 2022 07:47pm
Markets Possible for US, EU to avoid recession: Fed official WASHINGTON: The United States and the European Union can avoid recession and achieve a soft landing by bringing... Published 03 Aug, 2022 09:40am
Business & Finance Euro zone bond yields rise as inflation hits another record high LONDON: Euro zone government bond yields rose sharply on Friday as inflation in the bloc rose to another record high... Published 01 Aug, 2022 05:54am
Markets Dollar slightly lower after Fed hikes by 75 basis points NEW YORK: The dollar was slightly lower on Wednesday against a basket of major currencies after the U.S. Federal... Published 28 Jul, 2022 12:44am
Markets Bank of Japan board reshuffle brings in less dovish member TOKYO: The Bank of Japan has reshuffled its board and brought in a new member seen as more keen to end ultra-low... Published 25 Jul, 2022 12:54pm
Markets Fed set for another big rate hike with economy on knife’s edge WASHINGTON: US central bankers face an increasingly difficult balancing act as they struggle to douse scorching... Published 24 Jul, 2022 12:07pm
Opinion Europe’s banks brace for bumpy ride after cheap money decade Europe’s banks, facing a potential economic storm and a rise in borrowing costs for the first time in more than a... Published 23 Jul, 2022 04:10am
Business & Finance Weak pound hits two-week low vs euro after oversized ECB hike LONDON: The British pound hit a two-week low against the euro on Thursday after a larger-than-expected rate hike ... Published 22 Jul, 2022 06:07am
Business & Finance Australia, NZ dollars lose momentum SYDNEY: The Australian and New Zealand dollars lost some steam on Thursday, as a recent bounce ran into new worries... Published 22 Jul, 2022 06:07am
Markets Copper retreats on stubborn recession fears as ECB raises rates LONDON: Copper slipped on Thursday as the European Central Bank raised interest rates by more than expected,... Published 22 Jul, 2022 06:07am