Gold climbs on Fed rate cut Published 31 Oct, 2025 06:22am NEW YORK: Gold prices jumped 2percent on Thursday, helped by dollar weakness after a Federal Reserve rate cut and as...
US consumer inflation accelerates in Nov Published 12 Dec, 2024 06:01am WASHINGTON: US consumer inflation ticked up for a second consecutive month in November, driven by food prices and...
US dollar gains after inflation data Published 31 Aug, 2024 06:55am NEW YORK: The US dollar gained on Friday after data showed a key inflation measure came in line with forecasts, ...
Asian markets advance after record rallies Published 23 Feb, 2024 09:44am HONG KONG: Asian shares climbed Friday following a day of record highs in Japanese, US and European markets after...
Oil set for weekly decline with Fed in no rush to cut interest rates Updated 23 Feb, 2024 06:26pm LONDON: Oil prices fell on Friday and were on track for a weekly decline after the U.S. central bank indicated that...
Fed divided on risk of cutting rates too soon Published 23 Feb, 2024 06:36am WASHINGTON: The US Federal Reserve was divided in January over the risks of cutting interest rates too soon or too...
Deutsche Bank flags cost cuts as investment bank slump lowers profit Published 26 Jul, 2023 12:31pm FRANKFURT: Deutsche Bank on Wednesday posted a 27% fall in second-quarter profit as investment banking revenue...
Hong Kong stocks drop ahead of Fed Updated 26 Jul, 2023 02:55pm HONG KONG: Hong Kong shares ended slightly lower Wednesday, the day after a more than four percent surge, with...
US Federal Reserve likely to lift interest rates to 22-year high Updated 26 Jul, 2023 12:51pm WASHINGTON: The US Federal Reserve is poised to announce a fresh quarter percentage-point hike to its benchmark...
The fall continues: rupee settles at 288.52 against US dollar Updated 25 Jul, 2023 07:01pm Currency depreciates 0.21% in the inter-bank market for its eighth successive finish in the red
Euro staggers as traders wary of hawkish ECB; dollar gains Published 25 Jul, 2023 10:02am SINGAPORE: The euro hit a two-week low on Tuesday as a worsening downturn in euro zone business muddied the bloc’s...
Indian shares open higher tracking Asian peers Published 25 Jul, 2023 09:55am BENGALURU: Indian shares opened higher on Tuesday, tracking Asian peers on China’s pledge to provide policy support...
BlackRock beats profit estimates on robust inflows Published 17 Jul, 2023 03:47am NEW YORK: BlackRock Inc on Friday beat second-quarter profit estimates, as investors continued to pour money into ...
US Fed accepts SVB regulatory failings in second day of hearings Published 29 Mar, 2023 08:49pm WASHINGTON: US regulators charged with overseeing Silicon Valley Bank before its collapse this month said Wednesday...
Economists expect US recession, above-target inflation this year Published 27 Mar, 2023 11:37am WASHINGTON: The United States will likely enter a recession this year and face high inflation well into 2024, a...
Indian shares open higher as SVB acquisition hopes aid sentiment Published 27 Mar, 2023 10:01am BENGALURU: Indian shares opened higher on Monday after reports of advanced talks for the acquisition of collapsed...
China, HK stocks extend rally as banking fears ease Published 23 Mar, 2023 05:47am HONG KONG: China and Hong Kong stocks rallied for a second day after US banking stocks rebounded overnight on hopes...
Oil rises for third day as interest rate concerns ease Updated 08 Feb, 2023 08:00pm LONDON: Oil rose for a third straight day on Wednesday as investor concern over U.S. interest rates eased somewhat...
Fed seen hiking policy rate above 5% as hiring surges Published 03 Feb, 2023 09:14pm The U.S. Federal Reserve is likely to need at least two more interest-rate hikes, lifting the benchmark rate to...
Nasdaq jumps more than 2% on Meta surge, Fed relief Published 02 Feb, 2023 09:08pm The Nasdaq rose more than 2% on Thursday to hit a near five-month intra-day high as Meta Platforms surged on...
Fed’s Powell says no rate cuts this year, and markets hear it differently Published 02 Feb, 2023 04:28pm Federal Reserve Chair Jerome Powell had a clear message on Wednesday: as “gratifying” as it is that inflation has...
Wall Street dips as Fed decision looms; AMD boosts chipmakers Published 01 Feb, 2023 10:29pm US stock indexes fell on Wednesday ahead of the Federal Reserve's decision on interest rates later in the day, while...
US Fed unveils smaller rate hike but signals inflation fight not over Updated 02 Feb, 2023 12:31am WASHINGTON: America's Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive...
Easing inflation worries lift Wall Street ahead of Fed decision Published 01 Feb, 2023 07:31am NEW YORK: US stocks rose on Tuesday as labour cost data indicated that the Federal Reserve’s aggressive approach ...
Indian rupee likely to climb past 81/USD on dollar slide, upbeat risk Published 23 Jan, 2023 11:04am MUMBAI: The Indian rupee was expected to open higher against the US currency on Monday, tracking a further retreat...
Euro clears 9-month peak as ECB hawks let fly Published 23 Jan, 2023 10:32am SYDNEY: The euro scaled a nine-month high on the dollar on Monday as more hawkish comments on European interest...
Gold eases as dollar ticks up Published 23 Jan, 2023 08:07am NEW YORK: Gold prices edged lower on Friday as the dollar firmed, although hopes of slower rate hikes from the US...
Wall St subdued as signs of tight labour market fuel rate hike concerns Published 05 Jan, 2023 05:58am New YORK: Wall Street’s main indexes were subdued on Wednesday as data showed US job openings fell less than...
Financials drag Indian shares 1pc lower Published 05 Jan, 2023 05:58am BENGALURU: Indian shares fell about 1% on Wednesday, with financials and metals leading a broad-based retreat as...
Gold extends gains as dollar dips after US jobs data Published 30 Dec, 2022 05:50am NEW YORK: Gold edged higher on Thursday, helped by a dip in the dollar as initial unemployment claim data pointed to...