Fed chief says stimulus to continue despite high inflation WASHINGTON: Even as US inflation has hit the highest rate in over a decade, the central bank is sticking to its ... Published 15 Jul, 2021 04:03am
Markets Gold gains in Europe AMSTERDAM/LONDON: Gold prices rose on Wednesday after robust US inflation numbers lifted the metal’s appeal as an... Published 15 Jul, 2021 04:03am
World US inflation to remain high for months before falling: Fed's Powell Inflation has surged in recent months, with the annual consumer price index hitting 5.4 percent in June, the highest since August 2008. Published 14 Jul, 2021 06:30pm
Markets Gold gains on inflation jitters, investors gauge Powell testimony US consumer prices rose by the most in 13 years in June Dollar down 0.2% against its rivals Platinum rises more than 1% Updated 14 Jul, 2021 06:22pm
Business & Finance Dollar little changed in Europe LONDON: The dollar was little changed against the euro and yen on Tuesday ahead of US inflation data, while the main... Published 14 Jul, 2021 03:59am
Business & Finance Early trade in NY: Dollar edges higher NEW YORK: The dollar edged higher across the board on Monday as concerns about the pandemic encouraged investors to... Published 13 Jul, 2021 03:22am
Business & Finance Euro climbs across the board in Europe LONDON: The euro climbed across the board on Thursday and the Japanese yen was on track to post its biggest daily... Published 09 Jul, 2021 04:25am
Markets European stocks slide at open London's benchmark FTSE 100 index shed 1.0 percent to 7,078.02 points Published 08 Jul, 2021 12:46pm
Business & Finance European stocks rebound before Fed update Most Asian stock markets closed lower Published 07 Jul, 2021 04:53pm
Business & Finance Aussie, kiwi struggle SYDNEY: The Australian and New Zealand dollars were struggling to keep a rally alive on Monday, as tension mounted... Published 06 Jul, 2021 03:48am
Markets Gold steadies as rate hike bets recede, Fed minutes awaited Spot gold was steady at $1,787.59 per ounce by 0327 GMT, after hitting its highest since June 18 at $1,794.86 on Friday Published 05 Jul, 2021 09:58am
Business & Finance US dollar net shorts fall to lowest in two months NEW YORK: US dollar net shorts fell to their lowest level since late April, according to calculations by Reuters and... Published 05 Jul, 2021 04:57am
Markets Gold ticks up on virus fears; US jobs data awaited The dollar held near three-month highs, making gold expensive for other currency holders Published 02 Jul, 2021 10:54am
Business & Finance Early trade in NY: Dollar little changed to slightly higher NEW YORK: The dollar was little changed to slightly higher on Thursday, with most currencies trading within narrow... Published 02 Jul, 2021 04:19am
Markets Dollar bides time below two-month highs before payrolls test The euro was at $1.19210, edging back toward the 2-1/2-month low of $1.8470 touched on June 18. Published 29 Jun, 2021 11:00am
Business & Finance Stocks slip after strong gains Brent North Sea crude hit $76.60 per barrel and New York's WTI struck $74.45 -- the highest levels since October 2018. Published 28 Jun, 2021 04:52pm
Markets Gold rises in European trade AMSTERDAM/LONDON: Gold rose on Friday after sombre US inflation data tempered bets for early monetary policy... Published 26 Jun, 2021 03:24am
Markets Dollar steady, sterling slips ahead of Bank of England meeting Dollar index slips as markets digest Fed comments BoE expected to leave monetary policy unchanged Published 24 Jun, 2021 12:58pm
Markets Japanese stocks wobble on uncertainty over Fed, earnings Nikkei share average was flat at 28,863.88, while the broader Topix slipped 0.14% to 1,946.45. Published 24 Jun, 2021 10:58am
Markets Asian shares tread water, markets eye US inflation signals Japan's Nikkei rose slightly to 28,905.5, while Chinese shares were in the red with the blue-chip CSI300 index off 0.3%. Published 24 Jun, 2021 08:25am
Markets China stocks climb BEIJING: China shares closed higher on Wednesday, with commodity firms leading gains, as investors lapped up... Published 24 Jun, 2021 03:36am
Business & Finance Sterling trades below 2-1/2 months high against euro LONDON: Sterling traded just off 2-1/2 month highs hit against the euro earlier on Wednesday as eurozone surveys of... Published 24 Jun, 2021 03:36am
Markets Dollar slips after Fed's Powell downplays inflation fears The dollar jumped after the Fed surprised markets on June 16 by saying that policymakers are forecasting two interest rate hikes in 2023. Dollar gains have faded after Mr. Powell downplayed higher inflation lasting for very long. Published 23 Jun, 2021 07:33pm
Business & Finance Early trade in New York: Dollar rises, bitcoin drops NEW YORK: The dollar edged higher on Tuesday before Federal Reserve Chair Jerome Powell will testify before ... Published 23 Jun, 2021 04:26am
Markets US and European stocks steady, bitcoin retreats Oil prices hit new two-year highs above $75 on demand optimism. Published 22 Jun, 2021 06:50pm
Markets Japanese shares plunge TOKYO: Japanese shares posted their biggest drop in four months on Monday, tracking Wall Street’s sell-off last... Published 22 Jun, 2021 04:46am
Business & Finance Aussie, kiwi up SYDNEY: The Australian and New Zealand dollars edged higher on Monday, taking a breather after recent losses made... Published 22 Jun, 2021 04:46am
Markets Wall St rebounds after Fed-induced pullback The Dow Jones Industrial Average rose 21.99 points, or 0.07%, at the open to 33,312.07. Published 21 Jun, 2021 06:37pm
Markets Australia shares set for a negative start; NZ falls New Zealand's benchmark S&P/NZX 50 index fell 0.1% to 12543.14 points in early trade. Published 21 Jun, 2021 10:15am
Markets Asian markets sink as traders contemplate Fed tightening Others said the pullback would likely be seen as healthy because many stocks appeared to be somewhat overvalued. Published 21 Jun, 2021 09:52am
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?