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
Print Fed raises rates by half percentage point, sees economy nearing stall WASHINGTON: The Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least... Published 15 Dec, 2022 06:00am
Markets Fed lifts rates by half percentage point, sees economy nearing stall speed The Fed's policy rate, which began the year at the near-zero level, is now in a target range of 4.25% to 4.50%, the highest since late 2007 Published 15 Dec, 2022 12:22am
Business & Finance ‘The worst is yet to come’: the curse of high inflation NEW YORK: Globally, people are experiencing inflation at levels not seen for decades as prices surge for essentials... Published 09 Dec, 2022 05:58am
Markets Indian shares rally for eighth day BENGALURU: Indian shares extended their rally for eighth straight session on Thursday, after US Federal Reserve ... Published 02 Dec, 2022 05:47am
Markets Wall St slides after release of data NEW YORK: Wall Street gave up gains made earlier on Thursday as a contraction in manufacturing activity last month... Published 02 Dec, 2022 05:47am
Markets Copper extends gains on China demand hopes LONDON: Copper prices on Thursday added to gains from the previous session as investors bet that slower US interest... Published 02 Dec, 2022 05:47am
Business & Finance Russian rouble slumps to near 5-month low vs euro MOSCOW: The rouble dived on Thursday to a near five-month low against the euro and its lowest in almost seven weeks... Published 02 Dec, 2022 05:47am
Business & Finance Dollar lowest since August as inflation moderates NEW YORK: The US dollar dipped to 16-week lows against a basket of major currencies on Thursday after data showed... Published 02 Dec, 2022 05:47am
Business & Finance Dollar dips as jobs growth disappoints NEW YORK: The dollar slipped on Wednesday as an estimate of jobs gains in November missed expectations before a... Published 01 Dec, 2022 05:47am
Business & Finance US rate hikes could slow 'as soon as' December: Fed chair WASHINGTON: The Federal Reserve could ease its pace of interest rate hikes "as soon as" December, chair Jerome... Published 01 Dec, 2022 12:43am
Markets Gold rises on dollar pullback, hopes of slower rate hikes NEW YORK: Gold prices rose 1% on Tuesday, helped by a retreat in the dollar and hopes for less aggressive rate hikes... Published 30 Nov, 2022 05:53am
Markets Gold slips from 1-week peak NEW YORK: Gold prices slipped from more than one-week high on Monday, as the dollar and US Treasury yields edged up... Published 29 Nov, 2022 05:57am
Business & Finance Yen, Swiss franc gain on China concerns, dollar drops NEW YORK: The safe-haven Swiss franc and Japanese yen gained on Monday, while the Aussie dollar and Chinese yuan... Published 29 Nov, 2022 05:57am
Business & Finance Dollar edges up in range-bound holiday markets NEW YORK: The dollar edged higher across the board on Friday in a quiet session following the US Thanksgiving ... Published 28 Nov, 2022 05:48am
Markets Wall Street Week Ahead: Inflation data, midterm elections loom for struggling US stock rally NEW YORK: A sputtering US stock rally faces a double-dose of potentially market moving events next week: US midterm... Published 07 Nov, 2022 05:49am
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost