Wall Street slides after Powell’s hawkish comments NEW YORK: Wall Street’s main indexes fell on Monday as Federal Reserve Chair Jerome Powell’s comments sparked... Published 22 Mar, 2022 05:21am
Markets Wall Street rises in choppy trade after Fed boost NEW YORK: US stocks extended their gains on Thursday following a rally in the previous session as investors assessed... Published 18 Mar, 2022 05:20am
Business & Finance US dollar hits lowest in week as investors gauge Fed policy, euro firmer NEW YORK: The US dollar fell on Thursday and hit its lowest in a week as investors digested the Federal Reserve’s... Published 18 Mar, 2022 05:20am
World US Senate panel advances Biden’s picks for Fed WASHINGTON: The Senate Banking Committee on Wednesday approved President Joe Biden’s renomination of Jerome Powell... Published 17 Mar, 2022 11:19am
Opinion With Raskin out, Biden may pick a moderate for Fed regulatory job With Sarah Bloom Raskin withdrawing her nomination to become the Federal Reserve’s regulation chief on Tuesday, ... Published 17 Mar, 2022 04:53am
Markets Wall Street surges on Ukraine peace talks as Fed decision eyed NEW YORK: Wall Street’s main indexes jumped on Wednesday, propelled by technology and financial stocks, as signs ... Published 17 Mar, 2022 04:53am
Markets Stocks rally, oil steadies on China action, Ukraine hopes LONDON: Stocks rallied Wednesday, helped by Ukraine peace hopes and China’s pledge to help stabilise markets after... Updated 16 Mar, 2022 05:45pm
Markets Fed set to raise interest rates to rein in inflation WASHINGTON: US central bankers on Wednesday are poised to take the first step to raise borrowing costs in a bid to... Published 16 Mar, 2022 10:58am
Opinion Euro’s pain is dollar’s gain as Ukraine war roils markets Fallout from Russia’s invasion of Ukraine may be setting the stage for more gains in the dollar, upending investor... Published 12 Mar, 2022 04:08am
Markets Thai baht leads Asian FX gains as Powell testimony rekindles risk The Thai baht powered to a one-week high and other Asian currencies rose on Thursday, after the US central bank ... Published 03 Mar, 2022 11:31am
World Ukraine war impact on US economy 'highly uncertain’: Fed's Powell WASHINGTON: The impact of the conflict in Ukraine on the US economy is "highly uncertain," and the central bank will... Published 02 Mar, 2022 07:03pm
Business & Finance Dollar retreats MEW YORK: The US dollar dipped on Friday, a day after notching its biggest one-day percentage gain in more than ... Published 26 Feb, 2022 04:37am
Markets US Fed official sees big hike at March meeting, warns of Ukraine impact WASHINGTON: The US economy is healthy enough that interest rates should go from their current zero level to one... Published 25 Feb, 2022 10:51am
Markets Asian markets pare losses, oil drops on Biden-Putin hope HONG KONG: Equities pared losses and oil prices sank Monday after presidents Joe Biden and Vladimir Putin agreed in... Published 21 Feb, 2022 10:02am
World Fed adopts strict trading rules after ethics scandal NEW YORK: The Federal Reserve on Friday adopted an extensive set of restrictions on trading by policymakers and... Published 19 Feb, 2022 04:15am
Markets High US inflation 'not acceptable' but recovery on track: Yellen to AFP WASHINGTON: Soaring US inflation rates are "not acceptable" but the health of the world's largest economy is... Published 17 Feb, 2022 11:01am
Markets Stock markets dip as Ukraine worries return LONDON: European and US stock markets drifted lower while oil prices rose on Wednesday as investors tracked... Published 16 Feb, 2022 08:21pm
Business & Finance Dollar strengthens on Bullard rate comments, Ukraine concerns NEW YORK: The US dollar index reached a two-week high on Monday, with investors anxious over tensions in Ukraine and... Published 15 Feb, 2022 06:45am
Business & Finance High US inflation puts Fed’s credibility ‘on the line:’ Bullard WASHINGTON: The Federal Reserve needs to accelerate the pace of interest rate increases to fight rising inflation,... Published 15 Feb, 2022 06:45am
Markets Aluminium leads weekly gains in base metals amid supply fears London base metals fell on Friday as a stronger-than-expected US inflation data stoked worries about a more... Published 11 Feb, 2022 10:36am
Business & Finance Dollar gains, then slides after hot US CPI data NEW YORK: The dollar initially rose against major currencies on Thursday after US consumer prices in January came in... Published 11 Feb, 2022 04:31am
World US inflation rises to 40-year high, fuels speculation of Fed hike in March WASHINGTON: US consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40... Published 10 Feb, 2022 07:04pm
Markets China Yuan edges up as markets await US inflation data SHANGHAI: China's yuan edged up on Thursday on corporate demand, while gains were limited, with traders awaiting the... Published 10 Feb, 2022 09:57am
Markets South Korea stocks dip amid US rate hike bets, record COVID cases SEOUL: Round-up of South Korean financial markets: ** South Korean shares fell on Monday amid growing bets on US... Published 07 Feb, 2022 11:16am
Business & Finance Dollar recovers from two-week low after US jobs surprise NEW YORK: The U.S. dollar rose from two-week lows on Friday, after data showed the world’s largest economy created... Published 05 Feb, 2022 05:46am
World US employment growth likely slowed in January amid Omicron surge, job losses possible WASHINGTON: US job growth likely slowed sharply in January as COVID-19 infections lashed the nation, disrupting... Published 04 Feb, 2022 10:50am
Markets Asian markets extend rally as optimism returns to trading floors HONG KONG: Asian equities built on a rally across world markets Wednesday as investors become less worried about the... Published 02 Feb, 2022 09:36am
Markets Asian markets rise HONG KONG: Asian markets rose in limited trade Tuesday following another strong lead from Wall Street fuelled by a... Published 02 Feb, 2022 04:45am
Business & Finance Dollar falls for 2nd day on soft US data, Fed’s cautious rate hike talk NEW YORK/LONDON: The dollar fell for a second consecutive session on Tuesday, after hitting a 19-month peak at the... Published 02 Feb, 2022 04:45am
Markets US yields slide on month-end demand; curve steepens NEW YORK: US Treasury yields fell across the curve on Friday on month-end buying, although this is likely a ... Published 31 Jan, 2022 07:10am