Fed seen raising rates twice more, then stopping, as inflation slows Traders of futures tied to the Federal Reserve’s policy rate kept bets on Friday that the U.S. central bank will... Published 27 Jan, 2023 07:09pm
Business & Finance US growth expected to slow in fourth quarter as downturn fears loom WASHINGTON: The US economy is forecast to have grown but at a slower pace in the final months of 2022, helped by... Published 26 Jan, 2023 12:15pm
Business & Finance Businesses see lower odds US in or entering recession, NABE says The likelihood that the United States is already in recession or will fall into one this year has dropped over the... Published 23 Jan, 2023 03:12pm
World Fed’s Powell tests positive for COVID, has mild symptoms WASHINGTON: Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Wednesday and is experiencing mild... Published 18 Jan, 2023 08:55pm
Markets Gold prices steady as focus shifts to Powell’s speech Gold prices were steady on Tuesday, with cautious traders largely focusing on Federal Reserve Chair Jerome Powell’s... Published 10 Jan, 2023 09:27am
Opinion Fed’s balance sheet drawdown could sunset next year The Federal Reserve’s ongoing efforts to shrink its balance sheet may end earlier than once thought, even as the ... Published 23 Dec, 2022 06:14am
Markets Wall Street rises as Fed’s rate decision looms NEW YORK: Wall Street’s main indexes rose on Wednesday ahead of the Federal Reserve’s monetary policy decision... Published 15 Dec, 2022 06:00am
Markets US stocks rise as focus turns to inflation data NEW YORK: US stock indexes kicked off an eventful week on a positive note as investors braced for inflation data and... Published 13 Dec, 2022 05:58am
Markets Wall St extends losses as recession worries mount NEW YORK: US stock indexes fell in choppy trading on Wednesday as investors assessed the warnings of a looming... Published 08 Dec, 2022 05:58am
Business & Finance Dollar gives back gains as strong wage growth complicates Fed policy NEW YORK: The dollar dipped on Friday as a Federal Reserve official said rate hikes are likely to slow and as... Published 05 Dec, 2022 05:47am
Business & Finance US rate hikes could slow 'as soon as' December: Fed chair WASHINGTON: The Federal Reserve could ease its pace of interest rate hikes "as soon as" December, chair Jerome... Published 01 Dec, 2022 12:43am
Markets Gold jumps as dollar rally stalls BENGALURU: Gold prices jumped more than 1% on Friday and were headed for a weekly gain, as the dollar eased, while... Published 06 Nov, 2022 03:44am
Markets Australian shares extend losses as Fed stance spooks investors Australian shares extended their losses on Friday, led by financials, as global markets remained under pressure from... Published 04 Nov, 2022 10:03am
World Republican denial of election results a ‘path to chaos’: Biden WASHINGTON: President Joe Biden warned Wednesday as the midterms campaign enters its final week that the refusal of... Published 04 Nov, 2022 05:56am
Markets Indian rupee eases as Fed sticks to hawkish tone MUMBAI: The Indian rupee weakened on Thursday, after US Federal Reserve Chair Jerome Powell said rates would need to... Published 03 Nov, 2022 11:01am
Markets Markets rise on rate hopes ahead of Fed decision HONG KONG: Most markets rose Monday ahead of a crucial Federal Reserve policy meeting later in the week, with... Published 31 Oct, 2022 10:57am
Markets Wall St gains as upbeat corporate forecasts boost sentiment NEW YORK: Wall Street’s main indexes jumped on Thursday as upbeat results and forecasts from IBM, AT&T and Dow... Published 21 Oct, 2022 05:57am
Markets Gold pulled 1pc lower NEW YORK: Gold prices fell more than 1pc on Monday, as an elevated dollar and solidifying bets for an aggressive... Published 11 Oct, 2022 05:54am
Markets Wall Street drops on inflation, rate hike worries NEW YORK: Wall Street’s main indexes fell on Thursday on worries about persistent inflation and the Federal... Published 07 Oct, 2022 05:59am
Markets Vietnam PM asks central bank to consider raising policy rates after Fed move HANOI: Vietnam Prime Minister Pham Minh Chinh on Thursday urged the country’s central bank to consider raising its... Published 22 Sep, 2022 12:01pm
Markets Iron ore falls MANILA: Ferrous futures in top steel producer and exporter China fell on Wednesday, with iron ore hitting a two-week... Published 22 Sep, 2022 06:23am
Business & Finance Fed delivers another big rate hike; Powell vows to 'keep at it' WASHINGTON: Federal Reserve Chair Jerome Powell vowed on Wednesday that he and his fellow policymakers would "keep... Updated 22 Sep, 2022 04:46am
Markets Australia shares end lower ahead of central bank meetings Australian shares ended lower on Monday, dragged by energy and tech stocks, as sentiment remained weak at the start... Updated 19 Sep, 2022 01:49pm
Markets Gold, silver jump NEW YORK: Gold jumped 1% and silver rallied over 6% on Monday bolstered by a weaker dollar, while investors awaited... Published 13 Sep, 2022 06:12am
Business & Finance Dollar falls ahead of US inflation data; euro jumps NEW YORK: The US dollar fell to its lowest level in about two weeks against a basket of currencies on Monday... Published 13 Sep, 2022 06:12am
Markets Tokyo rubber up SINGAPORE: Japanese rubber futures inched higher on Monday, tracking stronger Shanghai prices, although gains were... Published 30 Aug, 2022 06:21am
Business & Finance Yuan set for second weekly loss SHANGHAI: China’s yuan was set for a second straight weekly loss on Friday as the dollar was buoyed by safe-haven... Published 29 Aug, 2022 05:44am
Business & Finance Dollar rebounds as Powell commits to fighting inflation NEW YORK: The dollar index gained on Friday after Federal Reserve Chair Jerome Powell adopted a hawkish tone to... Published 29 Aug, 2022 05:44am
Business & Finance Dollar edges lower as investors wait on Fed’s Powell NEW YORK: The dollar index and the euro both slipped on Thursday in choppy trading as investors waited on a speech ... Published 26 Aug, 2022 05:35am
Markets Dollar’s strength sets gold on its longest losing streak since Nov BENGALURU: Gold prices slipped for a fifth consecutive session on Friday, in its longest losing run since November... Published 21 Aug, 2022 05:16am