Fed hikes rates by 0.75 percentage point, flags slowing economy WASHINGTON: The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday... Published 15 Jun, 2022 11:28pm
Opinion US stocks’ bear market growl could beckon recession The bear market in US stocks could be a prelude to even tougher times to come: a market swoon has often come... Published 15 Jun, 2022 05:47am
Print Biden blames Republicans, Russia for soaring inflation PHILADELPHIA: President Joe Biden on Tuesday blamed Republicans and the Russian invasion of Ukraine for soaring US... Published 15 Jun, 2022 05:47am
Markets Analysis: US stocks' bear market growl could beckon recession NEW YORK: The bear market in U.S. stocks could be a prelude to even tougher times to come: a market swoon has often... Published 14 Jun, 2022 10:59pm
Markets S&P 500 on pace to confirm bear market on recession worries NEW YORK: Wall Street’s main stock indexes fell sharply and the S&P 500 was on track to confirm a bear market... Published 14 Jun, 2022 05:56am
Business & Finance China’s yuan slips to two-week low SHANGHAI: China’s yuan slipped to a more than two-week low against the dollar on Monday after soaring US inflation... Published 14 Jun, 2022 05:56am
Markets S&P 500 sinks 3.9%, ending in 'bear market' on inflation worries NEW YORK,: Wall Street stocks officially entered a "bear market" Monday following another drubbing as markets bet on... Updated 14 Jun, 2022 01:53am
Markets US inflation hammers European shares amid recession fears LONDON: European shares slumped 2.7% on Friday after US inflation came in hotter than expected, raising the prospect... Published 13 Jun, 2022 06:19am
Business & Finance Dollar edges up as stocks rally, inflation data eyed NEW YORK: The dollar advanced modestly on Monday as a boost in risk appetite sent US equities higher and kept gains... Published 07 Jun, 2022 05:47am
Markets US yields rise to 2-week highs after solid payrolls data NEW YORK: US Treasury yields rose to two-week highs on Friday after data showed the world’s largest economy ... Published 06 Jun, 2022 05:57am
Business & Finance Dollar higher after US job growth tops expectations NEW YORK: The US dollar edged higher against a basket of currencies on Friday, after a better-than-expected US... Published 04 Jun, 2022 04:18am
World Solid U.S. job growth anticipated in May; unemployment rate seen at 3.5% WASHINGTON: U.S. employment likely increased at a brisk clip in May, with the jobless rate expected to have dropped... Published 03 Jun, 2022 12:20pm
Business & Finance Microsoft warns of forex hit, cuts forecast NEW YORK: Microsoft Corp on Thursday cut its fourth-quarter forecast for profit and revenue, making it the latest US... Published 03 Jun, 2022 08:22am
Markets S&P 500 down as Microsoft slips; Fed official’s comments weigh NEW YORK: The S&P 500 and the Dow lost ground on Thursday after Microsoft made a surprise cut to its earnings... Published 03 Jun, 2022 05:56am
Business & Finance Biden, Fed chair discuss US inflation at White House WASHINGTON: President Joe Biden on Tuesday holds a rare White House meeting with the head of the Federal Reserve,... Published 01 Jun, 2022 05:53am
Business & Finance Dollar resumes slide as stock markets tentatively pick up LONDON: The US dollar resumed its slide on Monday as risk appetite across markets tentatively strengthened, ... Published 31 May, 2022 05:11am
Business & Finance Sterling rangebound near 1-month high LONDON: The British pound edged higher against a faltering US dollar on Monday and was set for its first monthly ... Published 31 May, 2022 05:11am
Markets Wall St Week Ahead: Hopes that Fed is ‘past peak hawkishness’ buoy stocks NEW YORK: Bad news may once again be good news on Wall Street, as signs of slowing US growth fan hopes that the... Published 30 May, 2022 05:53am
Markets Saudi bourse outperforms Gulf peers; Egypt extends losses DUBAI: Saudi Arabia’s stock market outperformed its Gulf peers on Wednesday, while the bourses in the region were... Published 26 May, 2022 05:26am
Markets Wall Street Week Ahead: As bear market looms, battered Wall St seeks elusive ‘Fed put’ NEW YORK: The Federal Reserve’s determination to raise interest rates until it squashes the highest inflation in... Published 23 May, 2022 06:15am
Print Fed to ‘keep pushing’ rates higher until clear inflation is falling WASHINGTON: The Federal Reserve will “keep pushing” to tighten US monetary policy until it is clear that... Published 18 May, 2022 05:54am
Markets China’s yuan extends declines to new 19 month low, set for 6th weekly drop SHANGHAI: China’s yuan eased further, touching a more than 19-month low against the dollar on Friday and breaching a... Published 13 May, 2022 09:48am
Business & Finance US Senate set to confirm Powell for second term as central bank chief WASHINGTON: The US Senate was poised Thursday to confirm Jerome Powell to a second term as head of the Federal... Published 12 May, 2022 09:14pm
Markets Euro zone bond yields at multi-week lows as US inflation weakens sentiment Euro zone bond yields fell sharply on Thursday after US inflation data reinforced investors’ concerns over the... Published 12 May, 2022 01:20pm
Business & Finance Dollar moves off lows on heels of inflation data NEW YORK: The dollar moved sharply off its lows on Wednesday and briefly turned positive on the day after economic... Published 12 May, 2022 05:40am
Markets Does the cryptocurrency crash pose a threat to the financial system? WASHINGTON: On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies... Updated 11 May, 2022 01:37pm
World Fed’s Bostic says can do ‘maybe two, maybe three’ half point hikes, then assess WASHINGTON: The U.S. Federal Reserve can stick to half point interest rate hikes for the next two to three meetings... Published 09 May, 2022 06:22pm
Opinion Battered bulls hope Fed pain in rearview mirror after Powell maps out hikes Federal Reserve Chair Jerome Powell gave investors a glimmer of hope that the central bank is unlikely to become ... Published 06 May, 2022 05:03am
Markets Gold rises 1pc as less hawkish Fed calms nerves LONDON: Gold prices rose more than 1% on Thursday, a day after Federal Reserve Chair Jerome Powell allayed investor... Published 06 May, 2022 05:03am
Business & Finance Asian currencies firm ahead of Fed decision; firmer oil saps appetite Most Asian currencies rose in thin trading on Wednesday, amid caution ahead of the outcome of a U.S. central bank... Published 04 May, 2022 01:43pm