Fed wants to see US growth ‘moving down’: Fed’s Powell WASHINGTON: The US central bank wants to see economic growth slowing and “clear” evidence of inflation decelerating... Published 18 May, 2022 12:59am
Markets European stocks mark positive end to volatile week LONDON: European shares rose on Friday, closing higher for the first time in five weeks, as a bout of bargain ... Published 16 May, 2022 05:42am
Business & Finance Ex-Goldman CEO says recession possibility is ‘very high risk factor’ WASHINGTON: Former Goldman Sachs CEO Lloyd Blankfein said on Sunday he believes the economy is at risk of possibly... Published 16 May, 2022 05:42am
Markets Copper under pressure from recession fears LONDON: Copper prices fell on Friday and were on track for their sixth straight week of losses on mounting fears ... Published 14 May, 2022 04:05am
Business & Finance US Senate set to confirm Powell for second term as central bank chief WASHINGTON: The US Senate was poised Thursday to confirm Jerome Powell to a second term as head of the Federal... Published 12 May, 2022 09:14pm
Markets Gold rises 1pc as less hawkish Fed calms nerves LONDON: Gold prices rose more than 1% on Thursday, a day after Federal Reserve Chair Jerome Powell allayed investor... Published 06 May, 2022 05:03am
Markets Wall St slumps as bets of big rate hikes grow despite Fed view NEW YORK: Wall Street’s main index fell sharply on Thursday in a broad-based selloff as the Federal Reserve’s... Published 06 May, 2022 05:03am
Markets Australia shares rise on commodities, tech boost after Fed softens stance SYDNEY: Australian shares climbed on Thursday, with commodity and technology stocks leading gains, tracking US peers... Published 06 May, 2022 05:03am
Markets European stocks’ relief rally fades, growth concerns rise PARIS: European stocks fell for the second straight session on Thursday, with most major sectors handing back ... Published 06 May, 2022 05:03am
Business & Finance Dollar bounces, sterling tumbles on dovish BoE NEW YORK: The dollar rebounded on Thursday but held below 20-year highs reached last week, a day after the Federal... Published 06 May, 2022 05:03am
Business & Finance South Africa’s rand slumps after Fed hike, stocks drop JOHANNESBURG: South Africa’s rand slumped by close to 4% on Thursday, one of is biggest single day losses in over... Published 06 May, 2022 05:03am
Markets Nasdaq, S&P 500 slide ahead of Fed decision The S&P 500 and the Nasdaq slipped on Wednesday as growth stocks lost ground, while banks gained ahead of a... Published 04 May, 2022 09:16pm
Markets Dollar slips before expected Fed rate hike NEW YORK: The dollar fell against a basket of currencies on Wednesday ahead of the outcome of a Federal Reserve... Published 04 May, 2022 07:51pm
Markets Gold prices subdued as investors look to Fed rate decision Gold prices inched down on Wednesday, a day after hitting an over two-month low, as investors awaited a policy... Published 04 May, 2022 05:55pm
Business & Finance Canadian dollar falls by most since December despite hawkish BoC TORONTO: The Canadian dollar weakened to a five-week low against its US counterpart on Friday as oil prices dropped... Published 24 Apr, 2022 05:36am
Markets Wall Street, oil slide, dollar jumps as investors eye rate hikes WASHINGTON: U.S. stocks and oil tumbled on Friday while bond yields continued to gain as investors prepared for a... Published 23 Apr, 2022 01:14am
Business & Finance Fed seen going big and then bigger on rate hikes ahead The Federal Reserve is poised to follow a half-of-a-percentage point interest rate hike in May with two even bigger... Published 23 Apr, 2022 01:08am
Markets Wall Street loses steam ahead of Fed chair’s speech NEW YORK: The S&P 500 and the Nasdaq reversed early gains on Thursday as bond yields hit fresh multi-year highs... Published 22 Apr, 2022 05:36am
Business & Finance Strong US employment gains expected in March; jobless rate seen falling to 3.7% WASHINGTON: US job growth likely continued at a brisk clip in March, with the unemployment rate falling to a new... Published 01 Apr, 2022 11:49am
Opinion When it comes to oil, the global economy is still hooked The world may be less dependent on oil now than it was during the energy shocks of the 1970s, but the Ukraine... Published 26 Mar, 2022 04:13am
Business & Finance Dollar climbs as data supports bigger rate hikes NEW YORK: The dollar strengthened for the fourth time in the past five sessions, as economic data on the labor ... Published 25 Mar, 2022 05:46am
Markets Most Asian stocks rise as bonds retreat on hawkish Fed BANGKOK: Most Asian stock markets rose on Wednesday as investors exited bond markets on hawkish central bank... Published 24 Mar, 2022 05:36am
Business & Finance Dollar climbs, euro weakens, as Biden brings sanctions plan to Europe NEW YORK: The dollar climbed on Wednesday while the euro weakened as oil prices saw another jump with U.S. President... Published 24 Mar, 2022 05:36am
Markets Gold slips to near 1-week low on Powell’s hawkish stance NEW YORK: Gold prices fell over 1% to a near one-week low on Tuesday after U.S. Federal Reserve Chair Jerome Powell... Published 23 Mar, 2022 04:58am
Business & Finance Dollar eases as Powell bump fades NEW YORK: The dollar slipped on Tuesday after a move higher the previous day as comments from U.S. Federal Reserve... Published 23 Mar, 2022 04:58am
Markets Wall Street slides after Powell’s hawkish comments NEW YORK: Wall Street’s main indexes fell on Monday as Federal Reserve Chair Jerome Powell’s comments sparked... Published 22 Mar, 2022 05:21am
Business & Finance Dollar little changed with Powell on deck NEW YORK: The dollar was little changed versus a basket of major currencies on Monday, as investors looked toward... Published 22 Mar, 2022 05:21am
Markets Wall Street slides after Powell's hawkish comments Wall Street's main indexes fell on Monday as Federal Reserve Chair Jerome Powell's comments sparked bets of more... Published 22 Mar, 2022 01:02am
Business & Finance Fed must move 'expeditiously' and, if needed, more aggressively, Powell says The U.S. central bank must move "expeditiously" to bring too-high inflation to heel, Federal Reserve Chair Jerome... Published 21 Mar, 2022 11:26pm
Business & Finance Fed hikes rates, signals aggressive turn against inflation WASHINGTON: The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and laid out ... Published 17 Mar, 2022 04:53am
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