Oil prices rise after positive US economic data LONDON: Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilising U.S. job market,... Updated 16 May, 2024 07:37pm
Business & Finance Fed gets some good news on inflation progress Federal Reserve policymakers waiting to see renewed progress on inflation before reducing borrowing costs got some... Published 15 May, 2024 08:53pm
Business & Finance US Fed official now sees just one rate cut at end of 2024 WASHINGTON: The current strength of the US economy means the Federal Reserve should cut interest rates just once... Published 03 Apr, 2024 09:50pm
Business & Finance US Fed official predicts higher long-term interest rates WASHINGTON: A senior Federal Reserve official confirmed Tuesday that she recently raised her prediction for interest... Published 02 Apr, 2024 09:52pm
Business & Finance US Fed expected to keep rates on hold and debate timing of cuts WASHINGTON: The US Federal Reserve could provide additional clues on Wednesday about how much it will cut interest... Published 20 Mar, 2024 06:36pm
Business & Finance US Fed kicks off rate meeting with timing of cuts up for discussion WASHINGTON: The US Federal Reserve began two days of discussions on Tuesday at which policymakers are expected to... Published 19 Mar, 2024 07:17pm
Markets Dollar steadies as traders weigh hotter-than-expected inflation TOKYO: The US dollar held steady against a handful of rival currencies on Wednesday, as traders weighed what impact... Published 13 Mar, 2024 09:55am
Business & Finance Asian FX in ‘wait and watch’ mode ahead of US CPI BENGALURU: Most Asian currencies were subdued on Tuesday as traders refrained from making fresh bets ahead of a key... Published 13 Mar, 2024 06:31am
Markets SBP-held foreign exchange reserves decrease $173mn, now stand at $8.04bn Central bank attributes decrease in reserves to debt repayments Published 09 Feb, 2024 08:09pm
Markets Hong Kong stocks open slightly higher HONG KONG: Hong Kong stocks opened with small gains Thursday following a two-day plunge, as traders brushed off... Published 01 Feb, 2024 12:51pm
Business & Finance Asian currencies hit multi-month lows BENGALURU: Most Asian currencies hit multi-month lows on Wednesday, after the US dollar received a boost from bets... Published 01 Feb, 2024 04:52am
Business & Finance US Fed rate decision could hold clues on timing of future cuts WASHINGTON: The US Federal Reserve is almost certain to hold its key lending rate steady for a fourth consecutive... Published 31 Jan, 2024 08:15pm
Markets S&P 500 hits fresh high after inflation data NEW YORK: The benchmark S&P 500 scaled another record high on Friday after an in-line inflation print signaling... Published 27 Jan, 2024 06:20am
Business & Finance Dollar retreats after inflation data NEW YORK: The US dollar fell on Friday, after data showed inflation rose modestly in December but was trending ... Published 27 Jan, 2024 06:20am
Markets Wall Street Week Ahead: Epic Treasury rally may be running out of fuel as Fed pivot priced in NEW YORK: A surge in US government bonds has helped lift stocks and heightened investors’ appetite for risk. Now... Published 18 Dec, 2023 06:42am
World Fed seen on policy hold until May as inflation edges up The Federal Reserve is seen holding off on any interest-rate cuts until at least May of next year, after a... Updated 12 Dec, 2023 10:41pm
Markets European shares climb ahead of economic data, Fed’s Powell remarks European shares gained on Friday as investors cheered growing prospects of rate cuts on cooler-than-expected... Published 01 Dec, 2023 02:40pm
Markets Wall St pares gains as rate-cut cheer ebbs after latest Fed comments NEW YORK: Wall Street’s three main indexes were muted at mid-day after a strong start on Wednesday, following... Published 30 Nov, 2023 04:53am
Business & Finance US Fed official ‘encouraged’ by progress against inflation WASHINGTON: The US Federal Reserve is making encouraging progress in the fight against inflation, a senior bank... Published 28 Nov, 2023 08:26pm
Markets IT stocks power Indian blue-chips to four-week highs BENGALURU: Indian blue-chip indexes shrugged off a weak start on Thursday to end at four-week highs as IT stocks... Published 17 Nov, 2023 06:06am
World US weekly jobless claims rise more than expected WASHINGTON: The number of Americans filing new claims for unemployment benefits increased more than expected last... Published 16 Nov, 2023 06:54pm
Markets Dollar holds ground as macro data hints at later Fed rate cut TOKYO: The dollar held its ground early on Thursday after a volatile two days that saw sharp declines followed by a... Published 16 Nov, 2023 09:47am
Markets Wall St inches up as markets await Fed speakers amid rate-cut hopes NEW YORK: Wall Street’s main indexes edged higher on Monday as investors geared up for commentary by a slew of... Published 07 Nov, 2023 06:33am
Markets India rupee to rally after data reaffirms Fed done with rate hikes MUMBAI: The Indian rupee is expected to rise at open on Monday after softer-than-expected US jobs data reinforced... Published 06 Nov, 2023 11:19am
Markets Wall Street Week Ahead: Stock investors see green light in falling Treasury yields NEW YORK: Hopes that a rout in Treasuries has run its course are tempting some investors back into the US stock... Published 06 Nov, 2023 05:27am
Business & Finance US Fed poised to keep rates unchanged as it opens key meeting WASHINGTON: The US central bank opened a key policy meeting Tuesday, with officials widely expected to hold interest... Published 31 Oct, 2023 07:50pm
Business & Finance US Fed likely to pause again with rates at 22-year high WASHINGTON: The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as... Published 29 Oct, 2023 06:31pm
Markets Wall St eyes higher open ahead of Powell’s comments; Tesla drops, Netflix surges Wall Street’s main indexes were set to open higher on Thursday as Tesla and Netflix kicked U.S. earnings season into... Published 19 Oct, 2023 06:51pm
World Fed’s Powell to take the stage amid a suddenly choppy landscape Federal Reserve Chair Jerome Powell will take the podium in New York on Thursday with his colleagues at the U.S.... Published 19 Oct, 2023 06:49pm
Markets Japan’s Nikkei falls as strong US data stokes fear of Fed turning more hawkish TOKYO: Japan’s Nikkei share average fell on Wednesday after strong US retail sales raised expectations for a more... Published 18 Oct, 2023 09:54am