Nasdaq rises on boost from growth stocks NEW YORK: The Nasdaq rose on Monday, boosted by gains in growth stocks as investors awaited commentary from more... Published 03 Oct, 2023 06:02am
Markets Oil prices fall NEW YORK: Oil prices fell about 2% on Monday to a three-week low as a higher-priced Brent contract expired, the US... Published 03 Oct, 2023 06:02am
Opinion Elusive macroeconomic stability In a recent statement reportedly, interim finance minister Dr Shamshad Akhtar indicated that there were signs of... Published 22 Sep, 2023 03:40am
Markets S&P, Dow rise as yields slip ahead of Fed verdict NEW YORK: The S&P 500 and the Dow gained on Wednesday as Treasury yields pulled back ahead of a likely pause in... Published 21 Sep, 2023 06:08am
Markets Oil rises as Hurricane Idalia threatens to hit tight supplies BENGALURU: Oil prices edged higher on Tuesday as Hurricane Idalia intensified as it headed towards Florida’s Gulf... Published 30 Aug, 2023 03:33am
Markets Indian shares extend losses for fifth straight week BENGALURU: Indian shares closed lower on Friday and extended losses for a fifth straight week, dragged by broad... Published 28 Aug, 2023 06:27am
Markets US stocks end higher in volatile trade NEW YORK: US stocks ended a volatile session higher on Friday as investors digested comments from Federal Reserve... Published 28 Aug, 2023 06:27am
Markets Copper rally loses steam after Powell says higher rates may be needed LONDON: Copper prices in London reversed earlier gains on Friday after US Federal Reserve Chair Jerome Powell said... Published 28 Aug, 2023 06:27am
Markets Japanese rubber futures post best week in nearly 2 years on softer yen SINGAPORE: Japanese rubber futures spiked on Friday to their highest levels since early June and recorded their best... Published 27 Aug, 2023 03:05am
World US Fed ‘prepared to raise rates further’ on too-high inflation WASHINGTON: The US Federal Reserve is prepared to raise interest rates higher – and hold them there – to... Updated 25 Aug, 2023 08:30pm
Markets S&P 500 ends near flat as energy, defensive sectors counter megacap declines NEW YORK: The S&P 500 ended nearly flat on Friday as gains in defensive sectors and energy offset weakness in... Published 21 Aug, 2023 06:43am
Print Fed officials spar over banking reform in rare open meeting WASHINGTON: Members of the US Federal Reserve’s governing body voiced disagreements over proposed changes to... Updated 29 Jul, 2023 09:33am
Editorials Caution from Basle EDITORIAL: The Bank for International Settlements (BIS), the global umbrella body for central banks, sure poured ... Updated 08 Jul, 2023 06:58am
World 'Almost all' Fed officials agreed to skip June hike: minutes WASHINGTON: A united U.S. Federal Reserve agreed to hold interest rates steady at the June meeting as a way to buy... Published 06 Jul, 2023 12:01am
Markets South African rand slips 1% against dollar after PPI JOHANNESBURG: The South African rand weakened around 1% against a stronger dollar on Thursday after the release of... Published 29 Jun, 2023 09:34pm
Markets Oil edges higher on U.S. inventory fall HOUSTON: Oil prices edged higher on Thursday, buoyed by a bigger-than-expected fall in U.S. inventories, but fears... Published 29 Jun, 2023 09:03pm
Markets Dollar holds near 7-month high vs yen on policy split; Swedish crown record low LONDON: The U.S. dollar touched a more than seven-month high against the Japanese yen on Thursday after their... Published 29 Jun, 2023 05:41pm
Business & Finance We are still monitoring the banks' situation very carefully: Fed's Powell MADRID: The US Federal Reserve is still monitoring the situation in the banking industry “very carefully” to address... Updated 30 Jun, 2023 10:05am
Business & Finance US Fed official says more rate hikes necessary WASHINGTON: A senior US Federal Reserve official said Thursday that additional interest rate hikes are needed to... Published 23 Jun, 2023 06:00am
Markets Fed's Powell says rate hikes will come at a 'careful pace' from here WASHINGTON: U.S. Federal Reserve Chair Jerome Powell said on Thursday the central bank would move interest rates at ... Published 22 Jun, 2023 10:52pm
Markets Powell: Expects dollar to remain global reserve currency Federal Reserve Chair Jerome Powell said on Wednesday he expects the U.S. dollar to remain the world’s reserve... Published 21 Jun, 2023 09:12pm
Markets European shares slide, Germany’s DAX retreats from record high BENGALURU: European shares fell on Monday, as investors awaited further stimulus measures from China to revive ... Published 20 Jun, 2023 03:16am
Markets Fed agreed in May need for more rate hikes was 'less certain,' meeting minutes show WASHINGTON: Federal Reserve officials "generally agreed" last month that the need for further interest rate ... Published 24 May, 2023 11:16pm
World Fed's Powell: don't assume Fed can protect U.S. economy from debt limit default WASHINGTON: The U.S. Federal Reserve is unlikely to be able to shield the U.S. economy from the fallout of a failure... Published 04 May, 2023 12:59am
Markets Wall St listless as investors await Fed rate decision NEW YORK: Wall Street’s main indexes struggled for direction on Wednesday as investors refrained from making large... Published 23 Mar, 2023 05:47am
Markets European stocks crawl higher in run-up to Fed decision PARIS: European stocks edged higher on Wednesday, extending gains for a third day, as investors awaited a crucial... Published 23 Mar, 2023 05:47am
Markets Gold firms while traders brace for US Fed move NEW YORK: Gold gained on Wednesday as Treasury yields and the dollar slipped, while traders positioned for the US... Published 23 Mar, 2023 05:47am
Markets Fed delivers small rate hike, says 'some additional' tightening possible Raises interest rates by a quarter of a percentage point Published 22 Mar, 2023 11:13pm
Business & Finance Fed to balance banking woes, inflation in this rate decision WASHINGTON: US central bankers face an unenviable task when they gather in Washington this week: tackling persistent... Published 20 Mar, 2023 06:12am
Markets Japanese rubber futures fall SINGAPORE: Japanese rubber futures fell first weekly drop in three, as traders assessed a slowing growth rate in... Published 12 Mar, 2023 05:55am
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?