Wall Street falls NEW YORK: US stock indexes fell on Tuesday as Federal Reserve Chair Jerome Powell told Congress the central bank ... Published 08 Mar, 2023 06:20am
Business & Finance Dollar jumps NEW YORK: The dollar extended gains against a basket of currencies on Tuesday after Federal Reserve Chair Jerome... Published 08 Mar, 2023 06:20am
Markets Oil falls 3pc NEW YORK: Oil prices fell by more than $2 a barrel on Tuesday after comments from US Federal Reserve Chair Jerome... Published 08 Mar, 2023 06:20am
World US prepared to return to bigger rate hikes if strong data persists: Powell WASHINGTON: The United States is prepared to increase the pace of interest rate hikes if strong economic data... Published 07 Mar, 2023 11:37pm
World Hawkish Powell puts 50 bp Fed rate hikes back on table NEW YORK: The Federal Reserve will likely need to raise interest rates more than expected in response to recent... Published 07 Mar, 2023 08:38pm
Markets Tech-heavy Nasdaq outshines other major US indexes NEW YORK: A rise in Apple shares and easing Treasury yields bolstered the tech-heavy Nasdaq index on Monday as focus... Published 07 Mar, 2023 03:16am
Markets Spot fuel oil cash differentials steady SINGAPORE: Spot fuel oil cash differentials in Asia steadied on Monday, following a volatile week that saw high... Published 07 Mar, 2023 03:16am
Markets Gold dips as market braces for Fed chief testimony NEW YORK: Gold eased from an earlier 2-1/2 week high on Monday as investors prepared for Congressional testimony ... Published 07 Mar, 2023 03:16am
Business & Finance Dollar dips, with jobs data in focus NEW YORK: The greenback slipped against a basket of currencies on Monday as investors waited on testimony by Federal... Published 07 Mar, 2023 03:16am
Markets European shares rise on upbeat cues from Powell PARIS: European shares rose on Wednesday, lifted by positive cues from US Federal Reserve Chair Jerome Powell’s... Published 09 Feb, 2023 06:02am
Business & Finance Dollar flat to slightly higher NEW YORK: The dollar was flat to slightly higher in choppy trading on Wednesday, as investors paused selling the... Published 09 Feb, 2023 06:02am
Markets Oil surges over 3pc as Fed’s Powell eases rate hike concerns NEW YORK: Oil prices climbed more than 3% on Tuesday after the head of the US central bank eased market concerns ... Published 08 Feb, 2023 06:10am
Markets Gold steadies as investors cool heels before key economic data NEW YORK: Gold was little changed on Tuesday with a slightly higher dollar keeping prices in check, while investors... Published 08 Feb, 2023 06:10am
World Inflation starting to slow but long, 'bumpy' road ahead: Powell WASHINGTON: US inflation is starting to cool but the road ahead will likely be long and bumpy, Federal Reserve Chair... Published 08 Feb, 2023 12:35am
Markets Wall Street edges lower on Fed fears; Tyson Foods slides NEW YORK: US stock indexes edged lower on Monday with Tyson Foods falling on disappointing quarterly results, while... Published 07 Feb, 2023 06:07am
Markets Nasdaq soars more than 3pc on Meta boost NEW YORK: The Nasdaq rose to a near five-month intraday high as Meta Platforms surged on rigorous cost controls,... Published 03 Feb, 2023 06:17am
Business & Finance ECB raises rates, signals at least one more hike FRANKFURT: The European Central Bank raised interest rates by 0.5% on Thursday and explicitly signalled at least one... Published 03 Feb, 2023 06:17am
World Fed’s Powell says no rate cuts this year, and markets hear it differently Federal Reserve Chair Jerome Powell had a clear message on Wednesday: as “gratifying” as it is that inflation has... Published 02 Feb, 2023 04:28pm
Business & Finance Possible Fed could raise rates beyond December forecast: Powell NEW YORK: Federal Reserve Chairman Jerome Powell said on Wednesday he is not fully sure where the central bank will... Published 02 Feb, 2023 04:51am
Markets Wall Street dips as Fed decision looms; AMD boosts chipmakers US stock indexes fell on Wednesday ahead of the Federal Reserve's decision on interest rates later in the day, while... Published 01 Feb, 2023 10:29pm
World Fed’s Powell tests positive for COVID, has mild symptoms WASHINGTON: Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Wednesday and is experiencing mild... Published 18 Jan, 2023 08:55pm
Markets Wall St rises as Fed’s Powell steers clear of monetary policy outlook NEW YORK: Wall Street’s main indexes rose on Tuesday as Federal Reserve Chair Jerome Powell steered clear of... Published 11 Jan, 2023 05:53am
Markets Oil rises 1pc as petroleum demand likely to touch record next year HOUSTON: Oil prices climbed marginally on Tuesday as the US government forecast record global petroleum consumption... Published 11 Jan, 2023 05:53am
Markets Gold at 8-month peak on weaker dollar NEW YORK: Gold prices held firm near an eight-month peak on Tuesday, buoyed by a weaker dollar and hopes of slower ... Published 11 Jan, 2023 05:53am
Business & Finance Dollar holds near seven-month lows as traders await data NEW YORK: The dollar was little changed versus the euro and other major currencies on Tuesday, hovering around its... Published 11 Jan, 2023 05:53am
Markets Gold lower in thin trading NEW YORK: Gold prices inched lower on Monday as weakness in the US dollar countered rising yields on expectations of... Published 20 Dec, 2022 05:58am
Business & Finance Dollar edges lower as risk sentiment steadies NEW YORK: The US dollar edged down on Monday as riskier currencies firmed, helped by investors’ improved appetite... Published 20 Dec, 2022 05:58am
Markets Wall Street sell-off deepens as recession fears bite NEW YORK: Wall Street’s main stock indexes extended losses on Friday as fears of a looming recession sparked by ... Published 19 Dec, 2022 06:00am
Markets Oil prices slide 2pc as dollar firms and central banks hike interest rates NEW YORK: Oil prices slid about 2% on Thursday as traders worried about the fuel demand outlook due to a stronger... Published 16 Dec, 2022 05:58am
Markets Wall Street rises as Fed’s rate decision looms NEW YORK: Wall Street’s main indexes rose on Wednesday ahead of the Federal Reserve’s monetary policy decision... Published 15 Dec, 2022 06:00am