US trade gap skids to 2-year low; tariffs exert pressure on service sector Published 05 Aug, 2025 11:09pm US exports of goods, services totaled $277.3bn, down from more than $278bn in May
Fed keeps rates unchanged, sees two cuts in 2025 but less easing in later years Published 18 Jun, 2025 11:12pm WASHINGTON: The Federal Reserve held interest rates steady on Wednesday and policymakers signaled borrowing costs...
Rupee back on the ropes after US yields spike post jobs data Published 09 Jun, 2025 08:06pm MUMBAI: The Indian rupee is set to come under renewed stress on Monday after the U.S. economy added slightly more...
Weakness in yuan, Asian peers weighs on rupee Published 22 Apr, 2025 11:25pm MUMBAI: The Indian rupee ended weaker on Tuesday, in line with regional peers that fell tracking the Chinese yuan,...
Trump warns of economic slowdown unless Fed cuts rates, triggering selloff Published 22 Apr, 2025 01:49am The U.S. economy could slow unless interest rates are lowered immediately, President Donald Trump said on Monday,...
Putin says he and Trump should meet to discuss Ukraine, energy prices Published 24 Jan, 2025 10:27pm US President Donald Trump has also said that he wants to meet Russian President and that he seeks an early end to Russia-Ukraine conflict
Oil edges up as summer demand hopes offset downbeat China data Updated 17 Jun, 2024 06:00pm LONDON: Oil edged higher on Monday as hopes for a boost to demand from the summer driving season in the northern...
Fed leaves rates unchanged, acknowledges economy is ‘strong’ Published 01 Nov, 2023 11:18pm WASHINGTON: The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase...
IMF says US interest rates need to stay higher to bring inflation down Published 26 May, 2023 11:06pm DETROIT: The International Monetary Fund on Friday said U.S. interest rates will likely need to remain higher for...
Fed's Powell sees inflation battle lasting 'some time,' warns of economic pain Published 26 Aug, 2022 10:39pm JACKSON HOLE: The U.S. economy will need tight monetary policy "for some time" before inflation is under control,...
Wall St gains on hopes of smaller rate hikes as economy shrinks again Published 28 Jul, 2022 11:22pm Wall Street's major indexes reversed course to gain in early afternoon trading on Thursday, as a contraction in the...
US yields edge lower after Fed rate decision Published 28 Jul, 2022 12:49am NEW YORK: Treasury yields edged lower on Wednesday after the Federal Reserve hiked interest rates by 75 basis points...
Wall Street falls as Walmart warning rattles retail sector Published 26 Jul, 2022 11:09pm U.S. stock indexes fell on Tuesday after Walmart's profit warning heightened fears in the retail sector that...
Nasdaq rises as Tesla posts strong earnings Published 22 Jul, 2022 12:04am The Nasdaq edged higher on Thursday boosted by gains in electric automaker Tesla on its better-than-expected...
Wall St tumbles as weak consumer confidence stokes growth worries Published 28 Jun, 2022 10:48pm Wall Street's main indexes tumbled in midday trading on Tuesday as a sharp drop in consumer confidence brought to ...
US two-year yields soar to highest since November 2018 ahead of Fed decision Published 04 May, 2022 08:34pm NEW YORK: U.S. Treasury two-year yields rose on Wednesday to their highest in more than three years, ahead of a...
Fed hikes rates, signals aggressive turn against inflation Published 17 Mar, 2022 04:53am WASHINGTON: The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and laid out ...
Powell backs 25-basis-point March rate hike Published 03 Mar, 2022 04:39am WASHINGTON: Federal Reserve Chair Jerome Powell said on Wednesday he was “inclined to propose and support a...
Gold jumps, stocks stumble as Ukraine crisis deepens Published 18 Feb, 2022 12:03am NEW YORK: Gold prices jumped to an eight-month high and safe-haven debt rose on Thursday after U.S. President Joe...
Wall St falls as hot consumer prices data fuels inflation worries Published 11 Nov, 2021 12:03am Wall Street's main indexes fell on Wednesday as a surge in U.S. consumer prices last month deepened fears that high...
Federal Reserve policy statement Sept 22, 2021 Published 22 Sep, 2021 11:47pm Following is the full statement issued by the Federal Open Market Committee on Sept. 22, 2021: The Federal Reserve...
Copper rises as Fed spreads bullish mood through markets Published 29 Jul, 2021 10:47pm Benchmark copper on the London Metal Exchange (LME) was up 1.3pc at $9,816 a tonne at 1603 GMT, near a record high of $10,747.50 reached in May.
Supply issues and difficult oil prices Published 09 Jul, 2021 04:25am Oil prices have continued to overall significantly rise since November of last year, on the back of restricted ...
Gold flirts with $1,900 again after U.S. inflation ticks up Published 28 May, 2021 10:21pm U.S. consumer prices accelerated in the year to April, with a measure of underlying inflation blowing past the Federal Reserve's 2pc target.
Fed stays the course, nods to ‘strengthened’ US recovery Published 29 Apr, 2021 03:52am WASHINGTON: The Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday, nodding...
Stocks slip from record highs before U.S. bank earnings Updated 13 Apr, 2021 12:09am The S&P 500's P/E ratio on a forward 12-month basis is 23.5, a more than 40pc premium to its 20-year average, according to CFRA.
Dollar at two-week low after U.S. weekly jobless claims rise unexpectedly Updated 09 Apr, 2021 09:19am The U.S. currency - which appreciated this year, helped in part by a rally in U.S. Treasury yields - has come under pressure in recent sessions as yields have retreated.
Euro zone bond yields up in wake of U.S. jobs data Published 07 Apr, 2021 01:09am Lower-rated Southern European bonds underperformed higher-rated peers, with yields rising 3 to 7 basis points. Bond yields move inversely with prices.
Oil down 5pc as rising OPEC+, Iranian output weighs Updated 06 Apr, 2021 01:20am "It seemed like OPEC+ was going to roll the deal, but they didn't and now it looks like they're going to have to pay at least in the short term."
Asian shares, currencies tread lower; Indian shares drop as cases spike Published 05 Apr, 2021 11:18am "With Europe on holiday today, volumes will rapidly taper this afternoon in Asia," said Jeffrey Halley, a senior Asia Pacific market analyst at OANDA.