Powell to target inflation at confirmation, face trading scrutiny WASHINGTON: Federal Reserve Chair Jerome Powell will highlight the central bank’s efforts to fight inflation and... Published 12 Jan, 2022 04:25am
Markets Gulf bourses close mixed ahead of Powell testimony DUBAI: Stock markets in the Gulf ended mixed on Tuesday, as investors awaited US Federal Reserve Chair Jerome... Published 12 Jan, 2022 04:25am
Markets TSX falls ahead of Powell’s testimony TORONTO: Canada’s main stock index fell on Tuesday as losses in healthcare stocks outweighed gains in energy, ... Published 12 Jan, 2022 04:25am
Markets Gold firms above $1,800/oz NEW YORK: Gold prices firmed above the key $1,800 mark on Tuesday, buoyed by a retreat in the dollar and US Treasury... Published 12 Jan, 2022 04:25am
Business & Finance Dollar edges higher as FX markets focus on Powell testimony NEW YORK: The dollar edged higher against a basket of currencies on Tuesday, as a bout of volatility in global... Published 12 Jan, 2022 04:25am
World Removing Fed stimulus won't undermine labor market: Powell WASHINGTON: Raising interest rates and otherwise removing the extraordinary stimulus the Federal Reserve provided to... Published 11 Jan, 2022 09:49pm
Markets Wall Street falls ahead of Fed announcement • Big tech stocks fall, defensive sectors rise • Indexes down: Dow 0.16pc, S&P 0.37pc, Nasdaq 0.95pc NEW... Published 16 Dec, 2021 04:00am
World Fed sees three interest rate hikes in 2022 as inflation fight begins WASHINGTON: The Federal Reserve, signaling its inflation target has been met, on Wednesday said it would end its... Updated 16 Dec, 2021 12:22am
Business & Finance Sterling gains on broadly struggling dollar; central bank eyed LONDON: Sterling firmed on Thursday as the discovery of the first case of the Omicron variant in the United States... Published 03 Dec, 2021 04:31am
Business & Finance Australia, NZ dollars under pressure on Fed tapering SYDNEY: The Australian and New Zealand dollars remained under pressure on Wednesday having hit their lowest levels ... Published 02 Dec, 2021 03:57am
Print Stocks dive as Omicron worries push investors to safe havens NEW YORK: Global stock benchmarks and oil prices fell sharply Tuesday after drugmaker Moderna warned existing... Published 01 Dec, 2021 03:52am
Business & Finance Fed’s Powell warns Omicron poses risks to US economy WASHINGTON: The Omicron variant of Covid-19 could slow the recovery of the US economy and labor market and also... Published 01 Dec, 2021 03:52am
Markets Copper hits two-week low on Omicron uncertainty and Fed comments LONDON: Copper prices fell to a two-week low on Tuesday as worries about the damage to demand and economic growth... Published 30 Nov, 2021 11:32pm
Pakistan Meeting minutes show divide within Fed over inflation threat WASHINGTON: At the meeting where they announced the rollback of their pandemic stimulus measures, some Federal... Published 26 Nov, 2021 05:15am
Business & Finance Sterling hits fresh 2021 low versus dollar LONDON: The British pound hit a fresh 11-month low against the dollar on Wednesday as expectations for a rate hike... Published 25 Nov, 2021 03:53am
Opinion Investors bet Powell’s Fed will get more aggressive on inflation Investors are betting that newly renominated Federal Reserve Chairman Jerome Powell will need to step up the pace at... Published 24 Nov, 2021 05:18am
Markets Gold dips below $1,800 in Europe LONDON: Gold eased below $1,800 on Tuesday as the dollar hit 16-month highs and Treasury yields firmed, with... Published 24 Nov, 2021 05:18am
Markets US MIDDAY: Gold drops to near 3-week low NEW YORK: Gold prices fell more than 1% to a near three-week low on Tuesday as the renomination of US Federal ... Published 24 Nov, 2021 05:18am
Markets Copper prices fall as Powell’s nomination boosts dollar LONDON: Copper prices eased under pressure from a stronger dollar on Tuesday after US Federal Reserve Chair Jerome... Published 24 Nov, 2021 05:18am
Business & Finance Dollar gains, euro recovers on better than expected data NEW YORK: The dollar index held near 16-month highs on Tuesday after Federal Reserve Chair Jerome Powell was picked... Published 24 Nov, 2021 05:18am
Print Powell tapped for second term as Fed chair WASHINGTON: US President Joe Biden on Monday nominated Federal Reserve Chair Jerome Powell for a second four-year... Updated 23 Nov, 2021 09:43am
Markets US stocks open higher as Fed Chair Powell renominated NEW YORK: Wall Street stocks opened higher Monday as President Joe Biden renominated Jerome Powell as head of the US... Published 22 Nov, 2021 08:32pm
World Biden nominates Powell for new term heading Fed: W.House WASHINGTON: US President Joe Biden on Monday nominated Jerome Powell for a second term as Federal Reserve Chair,... Updated 22 Nov, 2021 08:08pm
Opinion ‘Politics, politics, politics’ as Biden searches for Fed leader There are few apparent policy differences between the two top candidates to lead the US Federal Reserve, but that... Published 17 Nov, 2021 04:22am
Markets Gold rides Fed wave to weekly gain NEW YORK: Gold prices gained on Friday as they shrugged off stronger-than-expected monthly jobs data, and the... Published 06 Nov, 2021 03:57am
Markets Dollar soars to more than 1-year high after jobs data, then pulls back New York: The dollar jumped on Friday to hit its highest level in more than a year, after data showed stronger US ... Updated 06 Nov, 2021 01:21am
Business & Finance Yuan touches 1-week high SHANGHAI: China’s yuan touched a near one-week high on Thursday, reflecting broad dollar weakness in global ... Published 05 Nov, 2021 04:39am
Business & Finance Dollar holds near peaks as Fed taper announcement awaited NEW YORK: The dollar edged higher on Wednesday, holding near recent peaks versus the euro and the yen, as traders... Published 04 Nov, 2021 04:32am
Print Fed rolls out bond-buying ‘taper’ WASHINGTON: The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with... Updated 04 Nov, 2021 09:40am
Print Wall Street in Riyadh sees lingering inflation, oil hitting $100 RIYADH: Top Wall Street firms warned at an investment conference in Riyadh of the risk of a sustained increase in... Updated 27 Oct, 2021 09:42am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn