US Fed’s Powell expects inflation to fall, though not as confident as before AMSTERDAM: Federal Reserve Chair Jerome Powell said on Tuesday he expects U.S. inflation to resume declining through... Published 14 May, 2024 08:48pm
Business & Finance Yen slightly higher after suspected intervention NEW YORK: The yen was slightly stronger on the day on Thursday after a sudden rally late on Wednesday that traders ... Published 03 May, 2024 06:29am
Markets Gold near four-week low, eyes on Fed BENGALURU: Gold prices held near a four-week low on Wednesday ahead of a US Federal Reserve policy decision that... Published 02 May, 2024 04:58am
World Fed leaves rates unchanged, flags ‘lack of further progress’ on inflation Likely that gaining greater confidence will take longer than previously expected, says Fed Chair Jerome Powell Published 01 May, 2024 11:53pm
Business & Finance Most Asian currencies muted ahead of Fed decision BENGALURU: Asian emerging market currencies were subdued on Monday after inflation data in the United States further... Published 30 Apr, 2024 03:43am
Markets Oil falls ahead of US jobs data NEW YORK: Oil prices fell on Thursday as caution over macroeconomic activity weighed against output cuts and... Published 05 Apr, 2024 04:50am
Business & Finance US dollar lower NEW YORK: The US dollar was down on Tuesday after earlier hitting its highest in almost five months, following a new... Published 03 Apr, 2024 05:29am
Business & Finance US Fed’s preferred inflation gauge ticks up as fuel costs rise WASHINGTON: The US central bank’s favored measure of inflation edged higher last month on the back of rising fuel... Published 30 Mar, 2024 06:53am
Markets Wall St holds ground ahead of Fed decision NEW YORK: Wall Street’s main stock indexes were little changed on Wednesday as investors awaited the conclusion of... Published 21 Mar, 2024 05:22am
Business & Finance Fed still sees three rate cuts in 2024 amid sticky inflation, stronger economy WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, but policymakers indicated they still... Published 20 Mar, 2024 11:13pm
Markets Gold loses footing as US dollar bumps higher Gold prices retreated on Tuesday, hurt by a strengthening US dollar, while investors geared up for the Federal... Published 20 Mar, 2024 03:00am
Business & Finance US dollar set for best weekly gain NEW YORK: The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the US economy... Published 16 Mar, 2024 06:26am
Business & Finance Yuan steady SHANGHAI: China’s yuan held steady against a weakening US dollar, as US yields slipped after Federal Reserve Chair... Published 09 Mar, 2024 04:59am
Markets Tech, financials steer Europe’s STOXX 600 to record high PARIS: Europe’s main equity index hit an all-time high on Wednesday, boosted by tech and financial shares, while... Published 07 Mar, 2024 04:59am
Markets Wall St rises after Powell signals rate cuts this year NEW YORK: Wall Street’s main indexes rose on Wednesday after Federal Reserve Chair Jerome Powell said the central... Published 07 Mar, 2024 04:59am
Markets Oil prices climb on small build in US crude stocks NEW YORK: Oil prices climbed about 2% on Wednesday on a smaller-than-expected build in US crude inventories, a big... Published 07 Mar, 2024 04:59am
Markets Copper rises on weaker dollar LONDON: Copper prices rose in London on Wednesday as a weaker dollar and declining exchange stockpiles provided... Published 07 Mar, 2024 04:59am
Business & Finance Most Asian FX muted ahead of Powell speech BENGALURU: Most Asian currencies were flat on Wednesday, ahead of a testimony from the US Federal Reserve Chair... Published 07 Mar, 2024 04:59am
Business & Finance Yuan steady SHANGHAI: China’s yuan held steady against the US dollar on Wednesday, as the central bank set a daily midpoint... Published 07 Mar, 2024 04:59am
Business & Finance Fed’s still expects rate cuts WASHINGTON: Continued progress on lowering inflation “is not assured” though the US Federal Reserve still ... Published 07 Mar, 2024 04:59am
Business & Finance US Fed’s progress against inflation ‘not assured’: Powell Economic outlook is uncertain, and ongoing progress toward our two percent inflation objective is not assured, says Fed chief Published 06 Mar, 2024 06:49pm
Markets Indian shares snap winning run on IT slide BENGALURU: Indian shares fell on Tuesday, snapping a four-session winning streak, dragged by information technology... Published 06 Mar, 2024 04:18am
Markets Nasdaq leads Wall St lower as megacaps slide NEW YORK: Wall Street fell on Tuesday, with weakness in megacap growth stocks such as Apple and Tesla weighing on ... Published 06 Mar, 2024 04:18am
Business & Finance Dollar slips vs euro as data weighs NEW YORK: The dollar slipped against the euro on Tuesday after data showed US services industry growth eased and as... Published 06 Mar, 2024 04:18am
Markets European stocks hover near record highs PARIS: European stocks settled just below all-time highs on Monday, as investors digested strong gains in recent... Published 05 Mar, 2024 03:09am
Business & Finance Dollar edges down vs euro NEW YORK: The US dollar edged down against the euro on Monday, at the start of an action-packed week for markets ... Published 05 Mar, 2024 03:09am
Markets Wall St mixed with focus on earnings NEW YORK: Wall Street’s main indexes were mixed in choppy trading on Tuesday as investors scrutinized big-ticket... Published 07 Feb, 2024 05:30am
Business & Finance Dollar eases, Fed policy path on interest rates in focus NEW YORK: The dollar edged lower against major currencies on Tuesday, but remained close to its highest level in... Published 07 Feb, 2024 05:30am
Markets Wall St falls as Treasury yields ascend NEW YORK: Wall Street’s main indexes fell on Monday, pressured by rising Treasury yields after Federal Reserve... Published 06 Feb, 2024 05:00am
Business & Finance Dollar dips before Fed meeting statement NEW YORK: The dollar dipped against the euro and yen on Wednesday as traders awaited a US rates decision by the... Published 01 Feb, 2024 04:52am
