Currencies listless as markets waffle over Fed rate cut SINGAPORE: The yen lounged around its highest levels for the year on Monday in trading thinned by a holiday in... Published 16 Sep, 2024 10:23am
Business & Finance Top ECB governors voice confidence on inflation and rates BUDAPEST/FRANKFURT: The European Central Bank’s two biggest shareholders expressed confidence on Friday about the... Published 13 Sep, 2024 01:49pm
Business & Finance ECB cuts interest rates as growth dwindles FRANKFURT: The European Central Bank cut interest rates again on Thursday as inflation slows and economic growth... Updated 13 Sep, 2024 07:27am
World Brussels explores Draghi option of extending up to $385 billion in EU debt, FT reports European Union (EU) officials are examining ways to roll over hundreds of billions of euros of COVID-19 era bonds in... Published 12 Sep, 2024 10:46am
Markets Dollar firm as inflation data douse bets for big Fed rate cut TOKYO: The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in US... Published 12 Sep, 2024 09:54am
Markets European stocks, dollar recover from US jobs disappointment LONDON: European stock markets and the dollar recovered Monday after big pre-weekend falls caused by concerns about... Updated 09 Sep, 2024 05:35pm
Markets European shares down as investors digest mixed US data PARIS: European shares fell for a fifth straight session on Friday in their worst day since early August, after a... Published 07 Sep, 2024 06:59am
Business & Finance ECB policymakers at odds over downturn’s impact, sources say FRANKFURT: European Central Bank policymakers are increasingly at odds on the outlook for growth, a rift that could... Published 02 Sep, 2024 10:44am
Markets Dollar edges to two-week high vs euro as US payroll data looms TOKYO: The dollar climbed to a two-week top against the euro on Monday as traders pared bets for aggressive policy... Published 02 Sep, 2024 10:09am
Markets Dollar set to snap 5-week losing streak as Fed cut bets pared TOKYO: The dollar traded near a one-week high versus major peers on Friday, on track to snap a five-week losing run,... Published 30 Aug, 2024 10:12am
Markets Euro zone yields steady as light calendar leaves focus on Nvidia LONDON: Euro zone bond yields were little changed on Wednesday after rising the previous day, as a light economic... Published 28 Aug, 2024 01:32pm
Markets Yen, Swiss franc near highs amid US slowdown fears; sterling swoons TOKYO: The safe-haven Japanese yen and Swiss franc traded near multi-month highs against the dollar on Friday after... Published 02 Aug, 2024 10:05am
Business & Finance ECB keeps rates unchanged FRANKFURT: The European Central Bank kept interest rates unchanged as expected on Thursday, with its president... Published 19 Jul, 2024 06:58am
Business & Finance ECB eyes summer pause on bumpy road to disinflation FRANKFURT: European Central Bank policymakers are expected to leave borrowing costs on hold Thursday, buying time to... Published 18 Jul, 2024 10:11am
Business & Finance ECB to opt for summer pause after initial rate cut FRANKFURT: The European Central Bank is expected to leave interest rates unchanged Thursday, giving the eurozone... Published 15 Jul, 2024 10:57am
Markets Euro zone bond yields dip ahead of Powell testimony LONDON: Euro zone bond yields dipped on Wednesday on concerns after rising the previous day about monetary policy... Published 10 Jul, 2024 02:40pm
Markets French stocks drag European shares lower on political concerns PARIS: European shares dropped for a third straight session on Tuesday, dragged down by weakness in French stocks as... Published 10 Jul, 2024 03:14am
Markets Sterling dented by one-two punch from dollar and euro LONDON: The pound neared its lowest in almost two months against a robust dollar on Tuesday, as the US currency got... Published 02 Jul, 2024 02:18pm
Markets Dollar scales multi-week highs as other central banks more dovish than Fed TOKYO: The US dollar pushed to a fresh eight-week top above 159 yen and clung close to a five-week peak to sterling... Published 21 Jun, 2024 10:03am
Business & Finance Bank of Japan to trim bond buying, keeps rates steady TOKYO: The Bank of Japan decided on Friday to start trimming its huge bond purchases and announce a detailed plan... Published 14 Jun, 2024 10:51am
Business & Finance ECB’s Rehn sees considerable progress in bringing inflation down to target HELSINKI: The European Central Bank’s monetary policy has successfully dampened price pressures, Finnish ECB... Published 11 Jun, 2024 01:28pm
Markets European STOXX 600 falls as French stocks roiled by political uncertainty BENGALURU: European stocks dropped on Monday after French President Emmanuel Macron called a snap election following... Published 11 Jun, 2024 03:17am
Business & Finance ECB can sit out the summer before contemplating next rate cut, Kazimir says FRANKFURT: The European Central Bank should sit out the summer before contemplating another interest rate cut as... Published 10 Jun, 2024 03:10pm
Business & Finance US dollar rallies after jobs report NEW YORK: The US dollar jumped on Friday after data showed the world’s largest economy created a lot more jobs ... Published 08 Jun, 2024 07:00am
Markets Asia shares set for weekly gain on rate-cut rally SINGAPORE: Asian stocks are set to snap a two-week losing streak on Friday after major central banks kick-started... Published 07 Jun, 2024 10:25am
Markets ECB starts cutting rates even as inflation fight continues FRANKFURT: The European Central Bank cut borrowing costs from record highs on Thursday, acknowledging progress in... Published 06 Jun, 2024 05:32pm
Markets Europe rallies ahead of first ECB rate cut in nearly 5 years LONDON: World stocks were on the brink of an all-time high and the euro rose on Thursday ahead of what was widely... Published 06 Jun, 2024 05:26pm
Business & Finance ECB to start cutting rates from record highs FRANKFURT: The European Central Bank is expected to start cutting interest rates from record highs Thursday, its... Published 06 Jun, 2024 12:40pm
Markets Indian rupee pressed by equity outflows, supported by soft dollar MUMBAI: The Indian rupee is expected to open largely unchanged on Thursday amid foreign investors taking money out... Published 06 Jun, 2024 11:10am
Markets Euro steadies ahead of ECB decision, dollar dips SINGAPORE: The euro firmed a touch on Thursday ahead of a policy decision from the European Central Bank (ECB) where... Published 06 Jun, 2024 09:58am
Pakistan long-term partner, but policy is to deny support to its long-range ballistic missile programme: US