Fed says more US rate hikes coming, pace will slow ‘at some point’ WASHINGTON: US central bankers remain committed to raising interest rates further to quell rising prices, but agreed... Published 19 Aug, 2022 05:57am
Business & Finance Dollar bounces as Fed seen keeping up aggressive rate hikes NEW YORK: The US dollar index hit a three-week high on Thursday as investors reevaluated Wednesday’s minutes from... Published 19 Aug, 2022 05:57am
Markets Tokyo stocks close lower on profit-taking TOKYO: Tokyo stocks closed lower on Thursday as investors locked in profits following falls on Wall Street. The... Updated 18 Aug, 2022 12:21pm
Business & Finance Dollar gains before Fed meeting minutes NEW YORK: The US dollar gained on Wednesday before the Federal Reserve is due to release minutes from its July... Published 18 Aug, 2022 05:26am
Markets Safe haven dollar eases as risk appetite lifted by jobs data NEW YORK/LONDON: The dollar eased on Monday, giving back some of the gains it made following Friday's blockbuster US... Updated 08 Aug, 2022 10:51pm
Markets China, Hong Kong stocks end lower SHANGHAI: Mainland China and Hong Kong stocks ended lower on Wednesday, ahead of the outcome of the US Federal... Published 28 Jul, 2022 04:41am
Print Fed unveils 75-basis-point rate hike Move aimed at cooling down most intense breakout of inflation since the 1980s Updated 28 Jul, 2022 10:56am
Markets Gasoil cash premiums post weekly loss, dip below $3/barrel NEW DELHI: Asia’s cash premiums for 10ppm gasoil dropped more than 13% this week over worries about slowing fuel... Published 17 Jul, 2022 05:19am
Business & Finance US retail sales zoom higher in June despite high prices WASHINGTON: US retail sales shot up in June amid the ongoing surge in prices, according to new data Friday that... Published 16 Jul, 2022 04:20am
Business & Finance Yields edge higher, Fed rate path in focus NEW YORK: US Treasury yields edged higher on Friday and held just above two-week lows reached on the previous day as... Published 27 Jun, 2022 06:06am
Business & Finance Fed chair admits recession a ‘possibility’ after rate hikes WASHINGTON: The US economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation ... Published 24 Jun, 2022 06:15am
Markets Saudi leads decline in Gulf bourses on growth worries DUBAI: Stock markets in the Gulf registered steep losses on Sunday, as investors worried that tighter monetary ... Published 20 Jun, 2022 05:51am
Markets Asian markets mixed as Fed rate hike rally fades HONG KONG: Asian markets were mixed Thursday as an early rally fuelled by a “dovish” Federal Reserve interest... Published 17 Jun, 2022 06:37am
Markets Most Gulf bourses in red after rate hikes DUBAI: Most stock markets in the Gulf ended lower on Thursday, after the US Federal Reserve delivered an aggressive... Published 17 Jun, 2022 06:37am
Print Fed unveils biggest rate hike since 1994 WASHINGTON: The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday... Updated 16 Jun, 2022 10:01am
Markets Wall Street slips heading into Fed’s big rate decision NEW YORK: US stocks on Tuesday extended losses from a bruising previous session in which the S&P 500 confirmed a... Published 15 Jun, 2022 05:47am
Business & Finance Two-year yields highest since 2008 NEW YORK: US Treasury prices tumbled and short- and intermediate-dated yields reached their highest levels in over a... Published 13 Jun, 2022 07:38am
Print Resurging US inflation puts Fed on track for more big rate hikes WASHINGTON: Red-hot US inflation is showing few signs of cooling, putting the Federal Reserve on track to continue... Published 13 Jun, 2022 06:19am
Business & Finance Dollar up as hot US inflation data backs case for Fed rate hikes NEW YORK: The dollar rose to a near four-week high against a basket of currencies on Friday, after data showed US... Published 11 Jun, 2022 06:08am
Markets Wall St falls on inflation fears; Powell-Biden talks in focus NEW YORK: US stocks fell on Tuesday as soaring oil prices and hawkish comments from a Federal Reserve official... Published 01 Jun, 2022 05:53am
Markets Asian markets track Wall St higher, tech fuels Hong Kong rally HONG KONG: Asian markets climbed Friday following a strong performance on Wall Street, with Hong Kong leading the ... Published 30 May, 2022 05:53am
Markets U.S. bank profits dip as loan loss provisions jump in response to global uncertainty: FDIC WASHINGTON: U.S. bank profits dropped 6.5% in the first quarter of 2022 to $59.7 billion, as larger firms grew their... Published 24 May, 2022 07:34pm
Markets Copper prices fall on US Fed pledge for high rates LONDON: Copper prices retreated on Wednesday under pressure from a stronger dollar after the Federal Reserve... Published 19 May, 2022 06:34am
Business & Finance Dollar rebounds as risk appetite fades NEW YORK: The US dollar edged higher on Wednesday, on pace to snap a three-session losing streak, as concerns about... Published 19 May, 2022 05:29am
Print Fed to ‘keep pushing’ rates higher until clear inflation is falling WASHINGTON: The Federal Reserve will “keep pushing” to tighten US monetary policy until it is clear that... Published 18 May, 2022 05:54am
Markets S&P 500 hits one-year low as higher bond yields pressure growth stocks NEW YORK: The S&P 500 index fell to its lowest since April 2021 on Monday as higher US Treasury yields hit ... Published 10 May, 2022 05:10am
Business & Finance US dollar hits 20-year high as risk aversion dominates NEW YORK: The US dollar was higher on Monday after reaching a twenty-year high as risk-off sentiment stemming in ... Published 10 May, 2022 05:10am
Markets Gold rises 1pc as less hawkish Fed calms nerves LONDON: Gold prices rose more than 1% on Thursday, a day after Federal Reserve Chair Jerome Powell allayed investor... Published 06 May, 2022 05:03am
Markets Wall St slumps as bets of big rate hikes grow despite Fed view NEW YORK: Wall Street’s main index fell sharply on Thursday in a broad-based selloff as the Federal Reserve’s... Published 06 May, 2022 05:03am
Business & Finance Fed convenes to launch new salvo against record US inflation WASHINGTON: The US central bank opened its policy meeting Tuesday, which is expected to produce a big rate hike as... Updated 04 May, 2022 10:24am
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