Taming inflation will inflict ‘pain’ on Americans: Fed JACKSON HOLE, Wyo: Americans are headed for a painful period of slow economic growth and possibly rising joblessness... Published 27 Aug, 2022 05:49am
World Fed's Powell sees inflation battle lasting 'some time,' warns of economic pain JACKSON HOLE: The U.S. economy will need tight monetary policy "for some time" before inflation is under control,... Published 26 Aug, 2022 10:39pm
Markets Indian rupee seen flat as traders eye guidance on US rates MUMBAI: The Indian rupee is tipped to open little changed to the dollar on Friday, as traders awaited a speech by... Published 26 Aug, 2022 09:57am
Markets Wall St climbs as investors await Fed’s signals from Jackson Hole NEW YORK: The S&P 500 and the Nasdaq rose on Thursday on support from growth and semiconductor stocks, while... Published 26 Aug, 2022 05:35am
Markets Gold firms as dollar eases in run up to Jackson Hole NEW YORK: Gold eked out small gains on Thursday as the dollar backed off from recent peaks, while caution in the run... Published 26 Aug, 2022 05:35am
Markets Gas prices approach record peak on Russian supply fears LONDON: European natural gas prices climbed Thursday towards a record peak on heightened fears over Russian ... Published 26 Aug, 2022 05:35am
Business & Finance Dollar edges lower as investors wait on Fed’s Powell NEW YORK: The dollar index and the euro both slipped on Thursday in choppy trading as investors waited on a speech ... Published 26 Aug, 2022 05:35am
Business & Finance Dollar gains, Fed’s Powell expected to remain hawkish NEW YORK: The dollar gained against a basket of currencies on Wednesday, holding near a 20-year high as investors... Published 25 Aug, 2022 06:08am
Markets JGB 10-year yields edge higher as investors brace for Jackson Hole TOKYO: Japanese government bond benchmark 10-year yields edged higher on Wednesday amid caution that US Federal... Published 24 Aug, 2022 01:53pm
Markets Most Gulf bourses in red on growth worries Major stock markets in the Gulf fell in early trade on Monday, as recession worries persisted amid concern the... Published 22 Aug, 2022 02:56pm
Business & Finance US dollar net longs rise; euro shorts hit biggest since February 2020 NEW YORK: Speculators’ net long positioning on the US dollar rose in the latest week, while net shorts on the euro... Published 22 Aug, 2022 06:33am
Opinion Hint of a Fed pause opens door to Asia’s emerging markets As the United States pushes ahead with its steepest interest rate hikes in a generation, investors are unusually... Published 29 Jul, 2022 06:14am
Markets Wall St gains on hopes of smaller rate hikes as economy shrinks again Wall Street's major indexes reversed course to gain in early afternoon trading on Thursday, as a contraction in the... Published 28 Jul, 2022 11:22pm
Markets Asian FX, stocks up as less hawkish Fed messaging provides relief Currencies and stocks in Asia’s emerging markets rallied on Thursday as less hawkish than feared messaging from Fed... Published 28 Jul, 2022 11:17am
Markets Dollar hits three-week low to yen as Fed’s Powell less hawkish than feared TOKYO: The dollar dropped to a three-week low versus the yen on Thursday after Federal Reserve Chair Jerome Powell... Published 28 Jul, 2022 10:47am
Business & Finance Dollar advances with all eyes on Fed NEW YORK: The dollar rose modestly against a basket of major currencies on Wednesday as investors braced for the... Published 28 Jul, 2022 04:41am
Markets Dollar slightly lower after Fed hikes by 75 basis points NEW YORK: The dollar was slightly lower on Wednesday against a basket of major currencies after the U.S. Federal... Published 28 Jul, 2022 12:44am
World Fed opts for 75-basis-point rate hike, flags weakening economic data FOMC says it remains 'highly attentive' to inflation risks Updated 28 Jul, 2022 12:24am
Print Fed set for another big rate hike with economy on knife’s edge Central bankers make it clear that they are willing to risk recession Updated 25 Jul, 2022 09:33am
Opinion Euro’s 20-year low leaves ECB facing costly choices The euro’s tumble towards parity against the dollar has pushed the European Central Bank back against a wall,... Published 08 Jul, 2022 05:36am
Business & Finance Fed chair admits recession a ‘possibility’ after rate hikes WASHINGTON: The US economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation ... Published 24 Jun, 2022 06:15am
Business & Finance US Fed chair admits recession a ‘possibility’ after rate hikes WASHINGTON: The US economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation... Published 22 Jun, 2022 08:42pm
Markets Asian markets mixed as Fed rate hike rally fades HONG KONG: Asian markets were mixed Thursday as an early rally fuelled by a “dovish” Federal Reserve interest... Published 17 Jun, 2022 06:37am
Markets Wall St falls on inflation fears; Powell-Biden talks in focus NEW YORK: US stocks fell on Tuesday as soaring oil prices and hawkish comments from a Federal Reserve official... Published 01 Jun, 2022 05:53am
Business & Finance Biden, Fed chair discuss US inflation at White House WASHINGTON: President Joe Biden on Tuesday holds a rare White House meeting with the head of the Federal Reserve,... Published 01 Jun, 2022 05:53am
World Biden and Fed Chair Powell to discuss inflation crisis on Tuesday U.S. President Biden will meet Federal Reserve Chair Jerome Powell on Tuesday as historic inflation continues to... Published 31 May, 2022 05:13pm
Business & Finance Fed’s Waller backs 50 bps rate hikes until “substantial” reduction in inflation FRANKFURT: The U.S. Federal Reserve should be prepared to raise interest rates by a half percentage point at every... Published 30 May, 2022 10:45pm
Markets Wall Street retreats as economic data, weak outlooks fuel recession jitters NEW YORK: Wall Street veered lower on Tuesday as fears over whether attempts to curb decades-high inflation growth... Published 25 May, 2022 12:01am
Markets Copper prices fall on US Fed pledge for high rates LONDON: Copper prices retreated on Wednesday under pressure from a stronger dollar after the Federal Reserve... Published 19 May, 2022 06:34am
Business & Finance Dollar rally stalls as risk appetite returns NEW YORK: The dollar eased for a third straight day on Tuesday, pulling back from a two-decade high against a basket... Published 18 May, 2022 05:54am
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