Yen rises on report of Japan govt move for more flexible inflation target SINGAPORE: The yen climbed on Monday on news that the Japanese government is set to revise a joint statement with... Published 19 Dec, 2022 10:38am
Business & Finance Investment banks ramp up peak rates forecasts after hawkish ECB LONDON: A flurry of investment banks raised their forecasts for where euro zone interest rates will peak, after the... Published 19 Dec, 2022 07:27am
Markets FTSE 100 posts worst week in two months on recession fears LONDON: Britain’s blue-chip index posted its biggest weekly loss in over two months on Friday as weak domestic... Published 19 Dec, 2022 06:00am
Business & Finance ECB, BoE raise interest rates LONDON: The European Central Bank and Bank of England raised its key interest rates on Thursday and indicated that... Published 16 Dec, 2022 05:58am
Markets European shares fall; ECB rate decision in focus European shares slipped on Thursday as nervous investors awaited an interest rate decision from the bloc’s central... Published 15 Dec, 2022 01:58pm
Markets ECB tipped to follow Fed with smaller rate hike FRANKFURT: The European Central Bank is expected to follow the US Federal Reserve’s lead on Thursday and opt for a... Published 15 Dec, 2022 12:30pm
Markets Dollar falters as investors challenge Fed’s hawkishnes SINGAPORE: The dollar was on the back foot on Thursday, even as the Federal Reserve kept to its hawkish rhetoric... Published 15 Dec, 2022 10:42am
Business & Finance US dollar slips as markets expect lower inflation NEW YORK: The dollar fell on Monday in thin trading as investors priced in a lower US consumer price inflation ... Published 13 Dec, 2022 05:58am
Business & Finance ECB to raise scrutiny of banks’ credit risk, funding FRANKFURT: The European Central Bank will increase scrutiny over how banks manage credit risk and diversify funding,... Published 13 Dec, 2022 05:58am
Markets European shares fall on caution ahead of central banks’ rate decisions European shares fell on Monday, as investors braced for interest rate decisions from the US Federal Reserve and the... Published 12 Dec, 2022 01:40pm
Markets ECB mulls rate hike slowdown on ‘peak inflation’ hopes FRANKFURT: Growing hopes that the eurozone’s red-hot inflation is nearing its peak could prompt European Central... Published 12 Dec, 2022 11:27am
Markets Asian shares fall, dollar firms ahead of central bank rate hikes SYDNEY: Asian shares fell on Monday while the dollar drifted higher at the start of a hectic week, as markets... Published 12 Dec, 2022 10:13am
Markets Indian rupee likely to slip as US data stokes higher rates worry MUMBAI: The Indian rupee was expected to weaken at the open on Monday as the US dollar and Treasury yields ticked... Published 12 Dec, 2022 10:08am
Markets Dollar rises as inflation pressures persist; FOMC meeting in focus SINGAPORE: The dollar firmed on Monday after data showed producer prices in the United States rose more than... Published 12 Dec, 2022 09:40am
Print Oil rebounds, but still on track for biggest weekly declines NEW YORK: Oil prices gained around a dollar on Friday, but global benchmarks were set for their biggest weekly... Updated 10 Dec, 2022 09:59am
Markets ECB to raise deposit rate by 50 bps on Dec 15 as bloc enters winter recession LONDON: The European Central Bank will take its deposit rate up by 50 basis points next week to 2.00%, despite the... Published 09 Dec, 2022 11:39am
Business & Finance Dollar eases against euro as investors weigh rates outlook NEW YORK: The dollar edged lower on Thursday against the euro as investors weighed the outlook for US Federal ... Published 09 Dec, 2022 05:58am
Business & Finance ‘The worst is yet to come’: the curse of high inflation NEW YORK: Globally, people are experiencing inflation at levels not seen for decades as prices surge for essentials... Published 09 Dec, 2022 05:58am
Business & Finance Euro zone yields hover near lowest levels in months ahead of ECB meeting LONDON: Euro zone government bond yields held steady near their lowest levels in months on Thursday as investors... Published 09 Dec, 2022 05:58am
Markets Dollar struggles as recession worries simmer TOKYO: The US dollar remained weak on Thursday after sliding against major peers overnight for the first time this... Published 08 Dec, 2022 09:46am
Opinion World economy faces more pain in 2023 after a gloomy year This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was... Published 08 Dec, 2022 06:29am
Markets ECB needs more rate hikes but inflation close to peak, chief economist says FRANKFURT: The European Central Bank will have to raise interest rates several more times to tame price pressures,... Published 06 Dec, 2022 12:50pm
Business & Finance ECB urged to raise interest rates PARIS: The European Central Bank should raise interest rates by 50 basis points (bsp) on Dec 15, French central bank... Published 05 Dec, 2022 05:47am
Markets US Treasury prices rise modestly in low liquidity trading session NEW YORK: US Treasury prices rose marginally on Friday amid low liquidity after falling early in the day in reaction... Published 28 Nov, 2022 05:48am
Markets Europe’s STOXX 600 subdued; defensive stock gains offset commodities gloom LONDON: Europe’s STOXX 600 index was little changed on Monday as gains in defensive food and beverage and... Published 22 Nov, 2022 03:23am
Markets ECB may have to restrict growth to control inflation, Lagarde says FRANKFURT: The European Central Bank will keep raising interest rates and may even need to restrict economic... Published 18 Nov, 2022 02:02pm
Business & Finance Crypto turmoil ‘not a surprise’, says ECB FRANKFURT: The recent collapse of a major cryptocurrency exchange platform that has sent shockwaves through the... Published 17 Nov, 2022 05:59am
Business & Finance Crypto turmoil ‘not a surprise’, says ECB FRANKFURT: The recent collapse of a major cryptocurrency exchange platform that has sent shockwaves through the... Published 16 Nov, 2022 05:50pm
Markets ECB will probably keep raising rates beyond 2% level TOKYO: The European Central Bank (ECB) will probably continue to raise interest rates beyond 2%, but “jumbo” rate... Published 15 Nov, 2022 12:04pm
Markets EU could fall foul of global banking rules, regulators warn FRANKFURT: The European Union could fall foul of global banking rules designed to stem a repeat of the global... Published 04 Nov, 2022 02:13pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?