Egypt's central bank to keep interest rates unchanged CAIRO: The Central Bank of Egypt (CBE) will leave its overnight interest rates steady at a meeting on Thursday, a... Published 31 Jan, 2022 07:40pm
Business & Finance High inflation to stick this year, denting global growth BENGALURU: Persistently high inflation will haunt the world economy this year, according to a Reuters poll of... Published 28 Jan, 2022 10:20am
Markets Asian markets drop as Fed signals end of pandemic-era cheap cash HONG KONG: Equity markets tumbled in Asia on Thursday following a late sell-off on Wall Street in reaction to a... Published 27 Jan, 2022 10:18am
Business & Finance Australian dollar firms as jobs boom stokes rate bets SYDNEY: The Australian dollar got a much-needed lift on Thursday after a resoundingly strong set of jobs data... Published 21 Jan, 2022 05:27am
Markets US mortgage interest rates climb for 4th straight week The interest rate on the most popular US home loan rose for a fourth straight week last week, with residential real... Published 19 Jan, 2022 05:47pm
Markets Wells Fargo shares race ahead as investors bet on turnaround story NEW YORK: Wells Fargo & Co shares have rallied ahead of its quarterly earnings later this week as analysts ... Published 11 Jan, 2022 06:33am
Markets Toronto index slips TORONTO: Canada’s main stock index fell on Monday as a spike in US Treasury yields fueled concerns about the... Published 11 Jan, 2022 06:33am
Opinion Investors brace for quantitative tightening as Fed sends hawkish message Another barometer of Federal Reserve hawkishness is making a bigger appearance on investors’ dashboards:... Published 07 Jan, 2022 06:22am
Markets China stocks end lower as hawkish Fed, Covid-19 cases weigh SHANGHAI: China stocks closed lower on Thursday, tracking a global slump after minutes from the U.S. Federal... Published 07 Jan, 2022 06:22am
Print Hawkish Fed sees rate hikes ‘sooner’ as inflation spikes WASHINGTON: A “very tight” job market and unabated inflation might require the Federal Reserve to raise interest... Published 07 Jan, 2022 04:36am
Business & Finance Sterling rises to 2-month highs on rate view LONDON: The pound climbed to a two-month high on Wednesday as investors ramped up expectations that the Bank of... Published 06 Jan, 2022 04:13am
Business & Finance Sterling nears 2-year high vs euro LONDON: The pound approached two-year highs against the euro on Tuesday and hit a two-month high versus the dollar,... Published 05 Jan, 2022 05:36am
World ‘People keep coming’: Crisis-hit Turks queue for bread ISTANBUL: Under a heavy winter sky, the grimly silent queue of people stretches around the corner from Bayram... Published 23 Dec, 2021 04:23am
Business & Finance IMF warns BoE not to be too slow to raise interest rates LONDON: The International Monetary Fund urged the Bank of England on Tuesday to avoid an “inaction bias” when it... Published 15 Dec, 2021 06:34am
Opinion Russia’s VTB expects rising interest rates could hit profit next year Russia’s second biggest bank VTB won’t necessarily see 2022 net profit match this year’s expected record high... Published 30 Nov, 2021 05:23am
Business & Finance Erdogan doubles down on low interest rates despite lira fall ANKARA: Turkey’s President Recep Tayyip Erdogan vowed “no compromise” on low interest rates in comments... Published 30 Nov, 2021 05:23am
Business & Finance Erdogan orders probe into Turkish lira’s slump ISTANBUL: Turkish President Tayyip Erdogan has ordered an investigation into possible currency manipulation after ... Published 28 Nov, 2021 05:38am
Business & Finance Sterling hits fresh lows vs dollar, euro LONDON: Sterling fell on Thursday to a fresh 2021 low against the dollar and to a nine-day low versus the euro as... Published 26 Nov, 2021 05:15am
Pakistan Hike in interest rate ‘disastrous’: EFP KARACHI: President Employers’ Federation Pakistan (EFP), Ismail Suttar was completely bemused by the central... Published 23 Nov, 2021 03:54am
Business & Finance Indonesia central bank keeps rates steady to support recovery from pandemic JAKARTA: Indonesia's central bank kept interest rates at record lows on Thursday to support the country's economic... Updated 18 Nov, 2021 12:56pm
Markets Banks, miners drag FTSE 100 LONDON: London's FTSE 100 erased early gains to end lower on Tuesday, weighed by weakness in banks and mining ... Published 10 Nov, 2021 05:47am
Business & Finance Australia, NZ dollars lower on commodity price softness SYDNEY: The Australian and New Zealand dollars were slightly lower on Tuesday, dragged down by lower commodity ... Published 10 Nov, 2021 05:47am
Business & Finance Sterling slightly lower LONDON: The pound was slightly lower against the dollar and the euro on Tuesday not far from five-week lows touched... Published 10 Nov, 2021 05:47am
Business & Finance Yuan touches 1-week high SHANGHAI: China’s yuan touched a near one-week high on Thursday, reflecting broad dollar weakness in global ... Published 05 Nov, 2021 04:39am
Markets UK T-bill auction sees highest yield since April 2020 LONDON: A weekly auction of British government six-month Treasury bills - a form of short-term debt - saw the ... Published 01 Nov, 2021 05:02am
Print Commodity prices, interest rates: Poor country debt could worsen: WB chief CAIRO: The debt situation for poor countries could worsen due to volatile commodity prices and higher interest ... Updated 01 Oct, 2021 09:48am
Business & Finance Sterling holds above $1.37 LONDON: Sterling rose on Monday as expectations that the Bank of England could hike interest rates early next year... Published 28 Sep, 2021 05:12am
Print BoE sees growing case for rate rise as inflation to stay higher LONDON: The Bank of England said the case for higher interest rates “appeared to have strengthened” on Thursday... Updated 24 Sep, 2021 09:39am
BR Research HMB delivers another strong quarter Habib Metropolitan Bank (HMB) announced 1HCY21 financial results last week continuing with the profit growth... Updated 31 Aug, 2021 05:00pm
BR Research UBL – investments remain the core UBL’s after tax profits grew by a third year-on-year in 1HCY21, without breaking much of a sweat. The topline... Published 11 Aug, 2021 07:25am