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
Business & Finance Yuan hovers near 15-year low SHANGHAI: China’s yuan hovered at a near 15-year low on Thursday, tracking broad dollar strength after US Federal... Published 04 Nov, 2022 05:56am
Markets Wall St slides as Fed signals more interest rate hikes Wall Street's main indexes were on track to extend losses for a fourth straight session on Thursday as investors... Published 03 Nov, 2022 11:45pm
Business & Finance US dollar pulls back as markets price in slower Fed hikes from December NEW YORK/LONDON: The US dollar sank against major currencies on Tuesday, on some expectation that the Federal ... Published 02 Nov, 2022 04:37am
Opinion As US Treasuries tumble, some investors say turning point is near Some investors believe Treasury yields are close to peaking, even as markets continue pricing in more hawkishness... Published 22 Oct, 2022 05:42am
Business & Finance Indian shares fall BENGALURU: Indian shares ended lower on Thursday, while the rupee closed at a record low, after the US Federal... Published 23 Sep, 2022 05:50am
Business & Finance US weekly jobless claims rise moderately WASHINGTON: The number of Americans filing new claims for unemployment benefits increased moderately last week,... Published 23 Sep, 2022 05:50am
Business & Finance Fed delivers another big rate hike; Powell vows to 'keep at it' WASHINGTON: Federal Reserve Chair Jerome Powell vowed on Wednesday that he and his fellow policymakers would "keep... Updated 22 Sep, 2022 04:46am
Markets US Fed raises key interest rate as recession fears mount It was the third consecutive increase of 0.75 percentage point Updated 21 Sep, 2022 11:51pm
Business & Finance Dollar falls ahead of US inflation data; euro jumps NEW YORK: The US dollar fell to its lowest level in about two weeks against a basket of currencies on Monday... Published 13 Sep, 2022 06:12am
Business & Finance US dollar gains as Fed doubles down on tightening stance; euro falls NEW YORK: The US dollar rose on Thursday after Federal Reserve Chair Jerome Powell reiterated that it will continue... Published 09 Sep, 2022 06:09am
Markets Wall Street rebounds as yields slip, focus on Fed path NEW YORK: US stock indexes climbed on Wednesday following a recent selloff as bond yields eased, while investors... Published 08 Sep, 2022 05:43am
Markets Wall Street Week Ahead: Defensives, energy, dividend plays gain favour as market swoons anew NEW YORK: Fresh volatility in US stocks is pushing some investors to hunker down in areas of the market that have... Published 05 Sep, 2022 06:04am