Dollar gains before Fed meeting minutes NEW YORK: The US dollar gained on Wednesday before the Federal Reserve is due to release minutes from its July... Published 18 Aug, 2022 05:26am
Editorials IMF says no room for subsidies: end of story EDITORIAL: Providing regionally competitive energy by providing subsidy to the exporting sectors was always a... Published 13 Aug, 2022 05:21am
Business & Finance Fed to raise interest rates to 4pc next year NEW YORK: Wednesday’s consumer price index report showing US inflation didn’t accelerate in July was the first... Published 11 Aug, 2022 04:35am
Business & Finance Sterling surges more than 1pc vs dollar LONDON: Sterling jumped against the dollar after lower-than-expected US inflation print for July dampened... Published 11 Aug, 2022 04:35am
Business & Finance Safe haven dollar eases as risk appetite lifted by jobs data NEW YORK: The dollar eased on Monday, giving back some of the gains it made following Friday’s blockbuster US jobs... Published 09 Aug, 2022 03:37am
Business & Finance Dollar slips as before US jobs data as markets digest Fed Hawkishness NEW YORK: The dollar eased against most major currencies on Thursday as support from the Federal Reserve’s hawkish... Published 05 Aug, 2022 06:27am
Business & Finance Indian rupee surges MUMBAI: The Indian rupee hit more than a five-week high on Tuesday, as under-hedged exporters dashed to cover their... Published 03 Aug, 2022 04:55am
Markets India’s Nifty, Sensex hit 3-month high BENGALURU: India’s blue-chip stock indexes hit a three-month closing high on Thursday, led by a surge in Bajaj... Published 29 Jul, 2022 06:14am
Business & Finance Dollar pares gains as US growth contracts for second quarter NEW YORK: The dollar pared gains on Thursday after data showed that the US economy contracted again in the second... Published 29 Jul, 2022 06:14am
Markets The great fall continues: Rupee closes near 240 against US dollar Govt admits inability to intervene in foreign exchange market Updated 28 Jul, 2022 06:40pm
Markets Gold ticks up on softer dollar as investors eye Fed strategy LONDON: Gold inched up on Wednesday helped by a fall in the dollar, but caution over the Federal Reserve’s policy... Published 28 Jul, 2022 04:41am
Business & Finance Dollar advances with all eyes on Fed NEW YORK: The dollar rose modestly against a basket of major currencies on Wednesday as investors braced for the... Published 28 Jul, 2022 04:41am
Business & Finance Yuan weakens ahead of Fed SHANGHAI: China’s yuan slightly weakened against the dollar on Tuesday ahead of an expected US interest rate hike... Published 27 Jul, 2022 05:23am
Business & Finance Indian rupee dips MUMBAI: The Indian rupee weakened slightly against the dollar on Tuesday, while bond yields were little changed, as... Published 27 Jul, 2022 05:23am
Business & Finance Sterling holds at more than 2-week highs LONDON: Sterling consolidated at more than two-week highs on Tuesday but remained within recent trading ranges as... Published 27 Jul, 2022 05:23am
Markets Most Gulf bourses retreat on economic slowdown fears DUBAI: Major stock markets in the Gulf ended lower on Monday, as signs of an economic slowdown ahead of a US Federal... Published 26 Jul, 2022 04:31am
Business & Finance Dollar down for third straight session with Fed in focus NEW YORK: The dollar weakened against a basket of major currencies on Monday, as investors weighed the implications... Published 26 Jul, 2022 04:31am
Business & Finance Indian rupee at over 1-week high MUMBAI: The Indian rupee rose to its highest in more than a week on Monday afternoon tracking broad losses in the... Published 26 Jul, 2022 04:31am
Markets Asian shares bounce as bets of bigger Fed rate hike ease BANGKOK: Asian currencies and equities firmed on Monday, as investors dialled back bets of a bigger interest rate... Published 19 Jul, 2022 06:00am
Business & Finance US yields moderately lower NEW YORK: US Treasury yields were modestly lower on Friday as the market reassessed expectations over the Federal... Published 18 Jul, 2022 06:22am
Business & Finance Dollar gains, Fed rate hike bets dim gold’s lustre NEW YORK: Gold was on course to fall for a fourth straight week on Friday, hurt by the dollar’s ascent and as bets... Published 09 Jul, 2022 03:57am
Markets Wall Street slips ahead of Fed meeting minutes NEW YORK: US stock indexes slipped on Wednesday as investors awaited minutes from the Federal Reserve’s meeting to... Published 07 Jul, 2022 05:35am
Markets S&P 500, Dow slip as recession fears mount NEW YORK: The S&P 500 and the Dow fell on Tuesday, with investors fretting about the possibility of a recession... Published 06 Jul, 2022 05:35am
Business & Finance US dollar share of FX reserves steady in Q1, euro share dips, says IMF NEW YORK: The US dollar’s share of currency reserves reported to the International Monetary Fund was 58.8% in the... Published 01 Jul, 2022 06:13am
Business & Finance NY Fed to publish corporate bond market distress index NEW YORK: The Federal Reserve of New York will publish monthly updates on the US corporate bond market to help... Published 30 Jun, 2022 06:07am
Business & Finance Yields edge higher, Fed rate path in focus NEW YORK: US Treasury yields edged higher on Friday and held just above two-week lows reached on the previous day as... Published 27 Jun, 2022 06:06am
Business & Finance US dollar slides as markets re-evaluate Fed rate path LONDON/NEW YORK: The US dollar slipped on Friday and was on track for its first weekly decline this month, as ... Published 25 Jun, 2022 04:42am
Editorials Rewriting the budget 2022-23 EDITORIAL: The International Monetary Fund (IMF) has uncharacteristically uploaded the following sentence on its... Published 24 Jun, 2022 06:15am
Opinion Will Fed chicken out of rate hike? You can bet that US President Joe Biden expected better news out of Nato than its secretary-general Jens Stoltenberg... Published 23 Jun, 2022 06:05am
Markets Wall Street sinks as recession fears ripple through markets NEW YORK: US stock indexes tumbled on Thursday, with high-profile tech shares leading the rout, after the Federal... Published 17 Jun, 2022 06:37am