ECB surprises with aggressive rate hike, first since 2011 FRANKFURT: The European Central Bank raised interest rates by more than expected on Thursday as concerns about... Published 22 Jul, 2022 06:07am
Markets Nasdaq rises as Tesla posts strong earnings The Nasdaq edged higher on Thursday boosted by gains in electric automaker Tesla on its better-than-expected... Published 22 Jul, 2022 12:04am
Markets Wall Street shares retreat at the open NEW YORK: The two-day rally in US stocks fizzled on Thursday, as Wall Street opened mostly lower with investors... Published 21 Jul, 2022 08:04pm
World ECB raises rates more than expected to fight off runaway inflation FRANKFURT: The European Central Bank raised interest rates by more than expected on Thursday, confirming that... Published 21 Jul, 2022 05:46pm
Markets ECB faces dilemma as it prepares historic hike FRANKFURT: The European Central Bank is set to raise its interest rates for the first time in over a decade on... Published 21 Jul, 2022 09:46am
Business & Finance Dollar edges down vs euro as traders eye ECB rate decision NEW YORK: The US dollar edged lower against the euro on Wednesday in a choppy session, but its losses were capped as... Published 21 Jul, 2022 05:40am
Business & Finance The hike is (almost) here! Now for what comes next: Five questions for the ECB LONDON: The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets... Published 18 Jul, 2022 11:22pm
Markets Draghi’s turmoil revives Italy debt crisis fears MILAN: In a big case of Italian deja vu, political turmoil and the ECB’s rate hike have reignited fears of a debt... Published 18 Jul, 2022 12:03pm
World Italian president asks Draghi to rethink resignation ROME: The Italian head of state on Thursday rejected the resignation of Prime Minister Mario Draghi and asked him to... Published 14 Jul, 2022 11:54pm
Markets European shares slide as US inflation hots up, euro falls below parity PARIS: European shares fell on Wednesday as higher than expected US inflation data raised bets about more aggressive... Published 14 Jul, 2022 05:00am
World Hackers posing as Merkel target ECB’s Lagarde FRANKFURT: Unidentified hackers attempted to trick European Central Bank President Christine Lagarde into letting... Published 13 Jul, 2022 05:48am
Markets ECB urges banks to ‘step up’ climate risk management FRANKFURT: The European Central Bank on Friday called on banks to improve their preparations for future... Published 08 Jul, 2022 02:36pm
Opinion Euro’s 20-year low leaves ECB facing costly choices The euro’s tumble towards parity against the dollar has pushed the European Central Bank back against a wall,... Published 08 Jul, 2022 05:36am
Markets Euro zone yields rise as rush to safe-haven assets pauses Euro zone government bond yields rose on Monday as investors paused their bond buying after rushing into safe-haven... Published 04 Jul, 2022 02:34pm
Markets Dollar holds firm as growth fears stalk markets SINGAPORE: The dollar kept trade-sensitive currencies pinned near multi-year lows on Monday and the euro was under... Published 04 Jul, 2022 10:04am
Markets Gulf bourses end mixed; Egypt hits lowest in over 2 years DUBAI: Stock markets in the Gulf ended mixed on Sunday, with the Saudi index extending losses as investors fret that... Published 04 Jul, 2022 06:17am
Markets Global stocks mixed as eurozone inflation hits record NEW YORK: Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, ... Published 04 Jul, 2022 06:17am
Markets European stocks fall as hawkish c bank bets fan recession fears LONDON: European shares fell on Wednesday, as fears about a global recession deepened after chiefs of the European... Published 30 Jun, 2022 06:07am
Business & Finance Bank of England may not need to act forcefully, says Bailey SINTRA, (Portugal): The Bank of England will not necessarily have to act “forcefully” to get inflation under... Published 30 Jun, 2022 06:07am
Markets ECB to drain cash in offset to new yield-capping scheme SINTRA: The European Central Bank will likely drain cash from the banking system to offset any bond purchases made... Published 28 Jun, 2022 10:37am
Business & Finance Euro slumps after bleak PMIs, dollar drops vs yen LONDON/NEW YORK: The euro fell across the board on Thursday as weaker-than-expected German and French PMI data... Published 24 Jun, 2022 06:15am
Markets Banks, energy stocks fuel rebound in European shares • Wall Street shut for holiday, US futures up • France’s Macron loses majority • Bitcoin below $20k... Published 21 Jun, 2022 05:51am
Business & Finance Euro edges higher with focus on ECB, dollar retreats LONDON: The euro rose on Monday as markets focused on European Central Bank tools to fight fragmentation in the... Published 21 Jun, 2022 05:51am
Business & Finance Dollar eases ahead of Fed interest rate decision NEW YORK: The dollar edged lower against a basket of currencies on Wednesday but remained near the two-decade high... Published 16 Jun, 2022 06:03am
Markets Toxic cocktail darkens outlook for British pound LONDON: A toxic cocktail of sluggish growth and high inflation, plus Brexit and fallout from the coronavirus... Published 10 Jun, 2022 10:33am
Markets Asian markets track global sell-off on inflation, rate fears HONG KONG: Asia extended losses across world markets on Friday after the European Central Bank laid the groundwork... Published 10 Jun, 2022 09:42am
Markets Euro zone shares slide 1pc after ECB signals rates lift-off LONDON: European shares hit two-week lows on Thursday after the European Central Bank signalled a higher interest... Published 10 Jun, 2022 06:16am
Markets Euro edges up, yen languishes as all eyes on ECB meeting HONG KONG: The yen dropped to a new 20-year low versus the dollar on Thursday, and the euro inched higher ahead of a... Published 09 Jun, 2022 12:16pm
Markets With inflation on rise, ECB readies tougher action AMSTERDAM: The European Central Bank is set to announce the end date to its bond-buying stimulus on Thursday, as... Published 09 Jun, 2022 11:25am
Business & Finance Dollar slips, euro gains ahead of ECB announcement NEW YORK: The dollar slipped against a basket of major currencies for a second straight day on Wednesday but still... Published 09 Jun, 2022 06:18am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?