US growth, a puzzle to policymakers, could pose global risks JACKSON HOLE: US economic growth, still racing at a potentially inflationary pace as other key parts of the world... Published 27 Aug, 2023 10:16am
Business & Finance ECB rate pause now may be too early: policymaker JACKSON HOLE: It may be too early for the European Central Bank to pause interest rate hikes now as an early stop in... Published 27 Aug, 2023 03:05am
Business & Finance Eurozone economic downturn deepens in August BRUSSELS: The eurozone economy is contracting at its fastest rate in three years as a steep decline in manufacturing... Published 24 Aug, 2023 06:22am
Markets European shares fall, German blue-chips hit record high PARIS: European shares retreated from multi-month highs on Friday after a mixed bag of earnings and a surprise Bank... Published 31 Jul, 2023 06:43am
Markets Bank of England set to raise rates to 5.25% as high inflation persists LONDON: The Bank of England looks likely to raise rates by a quarter-point to 5.25% on Aug. 3, though economists and... Published 28 Jul, 2023 11:01am
Business & Finance ECB cuts rates paid to banks on minimum reserves FRANKFURT: The European Central Bank cut the interest rate it pays to banks on their minimum reserves to zero,... Published 27 Jul, 2023 06:18pm
Business & Finance ECB raises rates to 23-year high; keeps options open for September FRANKFURT: The European Central Bank raised interest rates for the ninth consecutive time on Thursday and kept the... Published 27 Jul, 2023 06:04pm
Markets Oil climbs close to April peak on tighter supply LONDON: Oil climbed almost 1% on Thursday, recouping losses from the previous session, supported by supply tightness... Updated 27 Jul, 2023 01:48pm
Markets Euro staggers as traders wary of hawkish ECB; dollar gains SINGAPORE: The euro hit a two-week low on Tuesday as a worsening downturn in euro zone business muddied the bloc’s... Published 25 Jul, 2023 10:02am
Markets ECB to raise rates by 25 basis points in July, slim majority say Sept too BENGALURU: The European Central Bank will raise interest rates by 25 basis points on July 27, according to all... Updated 20 Jul, 2023 11:18am
Markets Sterling takes a beating; dollar gains ground SINGAPORE: Sterling was struggling to recover from a sharp fall on Thursday following UK inflation data that... Published 20 Jul, 2023 09:26am
Markets Gold prices tick up as traders await Fed cues Gold prices edged up on Tuesday on a dollar that was close to hitting its lowest in over a year, while traders... Published 18 Jul, 2023 09:49am
Business & Finance Dollar steadies after biggest weekly loss this year NEW YORK: The dollar edged higher against a basket of currencies on Monday after last week suffering its largest... Published 18 Jul, 2023 05:51am
Business & Finance ECB open to raising rates past July, account shows FRANKFURT: The European Central Bank may need to continue raising interest rates beyond this month to bring... Published 13 Jul, 2023 05:05pm
Markets European shares rise as US data soothes economic slowdown fears European shares climbed on Wednesday after robust US data soothed concerns about a steep economic slowdown, while... Published 28 Jun, 2023 01:14pm
Markets ECB wants euro zone banks out of Russia faster: Enria The European Central Bank wants lenders to speed up their exit from Russia given the increased reputational, legal... Published 27 Jun, 2023 12:59pm
Markets BIS warns world economy at critical juncture in inflation fight LONDON: The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for... Published 25 Jun, 2023 05:50pm
Markets Gold listless as investors hunt for Fed rate clues Gold prices held steady on Tuesday, after moving in a tight range in holiday-thinned trading, as market participants... Published 20 Jun, 2023 09:41am
Markets JP Morgan now forecasts 4% peak for key ECB rate JP Morgan said on Friday it expected the European Central Bank to hike interest rates by another 25 basis points in... Published 16 Jun, 2023 11:23am
Markets Oil heads for weekly gain as supply cuts balance demand concerns NEW YORK: Oil edged higher on Friday and was on course for a weekly gain, as higher Chinese demand and OPEC+ supply... Updated 16 Jun, 2023 08:28pm
Markets European shares slip after ECB rate hike PARIS: European shares slipped on Thursday after the European Central Bank (ECB) raised borrowing costs as expected... Published 16 Jun, 2023 07:21am
Business & Finance Euro gains, hits 15-year peak vs yen NEW YORK: The euro hit a 15-year peak against the yen and a fresh four-week high against the dollar on Thursday ... Published 16 Jun, 2023 06:27am
Markets No pause in sight as ECB eyes next rate hike FRANKFURT: The European Central Bank will almost certainly deliver another interest rate hike on Thursday, pressing... Published 12 Jun, 2023 11:22am
Markets Dollar steady, with Fed pause eyed in busy central bank week SINGAPORE: The dollar held its ground on Monday but was still near multi-week lows against some of its major peers... Published 12 Jun, 2023 09:39am
Markets European shares slip as cenbank meetings loom PARIS: European shares slipped on Friday, rounding off a lacklustre week that saw investors step to the sidelines... Published 12 Jun, 2023 06:26am
Markets Dollar retreats on jump in US jobless claims; eyes on Fed SINGAPORE: The dollar retreated on Friday, dragged by lower US Treasury yields after a spike in weekly jobless... Published 09 Jun, 2023 09:18am
Markets Inflation crashes the party as ECB marks 25 years FRANKFURT: The European Central Bank celebrates its 25th anniversary Wednesday but soaring inflation in the eurozone... Published 24 May, 2023 11:21am
Markets Oil prices dip 1pc as US economic data boosts dollar NEW YORK: Oil prices slid about 1 percent on Thursday after solid US economic data spurred the dollar to a two-month... Published 19 May, 2023 06:17am
World G7 to discuss diamond trade with future Russia sanctions in mind HIROSHIMA: Leaders of the Group of Seven (G7) nations will discuss how to trace Russian diamond trade at a summit... Published 18 May, 2023 02:58pm
Markets Markets rally on US debt deal optimism LONDON: Asian and European stock markets advanced Thursday, tracking a Wall Street rally in optimism over talks to... Updated 18 May, 2023 05:13pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn