Dollar approaches 20-year highs, Fed meeting in focus NEW YORK: The dollar held just below a 20-year high against a basket of currencies on Monday before an expected... Published 03 May, 2022 03:47am
Business & Finance US consumer spending accelerates; wage inflation rising WASHINGTON: US consumer spending rose more than expected in March amid strong demand for services, while monthly... Published 30 Apr, 2022 07:09am
Business & Finance Dollar hits five-year high, growth concerns dent euro NEW YORK: The dollar hit a five-year high on Wednesday before the Federal Reserve next week is expected to hike... Published 28 Apr, 2022 05:37am
Business & Finance Canadian dollar falls by most since December despite hawkish BoC TORONTO: The Canadian dollar weakened to a five-week low against its US counterpart on Friday as oil prices dropped... Published 24 Apr, 2022 05:36am
Markets Nasdaq, S&P 500 fall as growth shares lose steam; banks report mixed earnings NEW YORK: The Nasdaq and the S&P 500 fell on Thursday as rising yields weighed on megacap growth stocks, while a... Published 15 Apr, 2022 05:29am
Business & Finance US dollar little changed ahead of Fed minutes NEW YORK: The dollar was flat to slightly higher on Wednesday, retreating from sharp gains the previous session... Published 07 Apr, 2022 05:15am
Markets Goldman Sachs sees five rate hikes in 2023 Goldman Sachs expects the Federal Reserve to raise interest rates five times in 2023, and forecasts that the US... Published 21 Mar, 2022 12:01pm
Business & Finance Long-term yields edge down, curve flattens on recession risk NEW YORK: Long-term US Treasury yields edged down on Friday as lack of a resolution of the Russia-Ukraine conflict... Published 21 Mar, 2022 07:39am
Markets Stocks mostly rise, oil climbs at end of volatile week NEW YORK: Oil prices rose while most leading global stock markets also climbed to conclude a positive week for... Published 21 Mar, 2022 07:33am
Markets Gold gains as dollar, Treasury yields slip LONDON: Gold rose on Thursday after the US Federal Reserve’s first interest rate hike in three years bore no... Published 18 Mar, 2022 05:20am
Business & Finance US dollar hits lowest in week as investors gauge Fed policy, euro firmer NEW YORK: The US dollar fell on Thursday and hit its lowest in a week as investors digested the Federal Reserve’s... Published 18 Mar, 2022 05:20am
Markets Ukraine war complicates Fed's inflation fighting effort WASHINGTON: The uncertainty created by Russia's invasion of Ukraine and its impact on the global economy is piling... Published 27 Feb, 2022 12:32pm
Markets Aluminium leads weekly gains in base metals amid supply fears London base metals fell on Friday as a stronger-than-expected US inflation data stoked worries about a more... Published 11 Feb, 2022 10:36am
Markets Lisa Cook, expert on economic scars of racism, now Biden Fed nominee WASHINGTON: A researcher focused on how discrimination has harmed the American economy and the damage downturns do ... Published 03 Feb, 2022 11:05am
Opinion Investors worry about hawkish Fed hurting growth Laser-focused on how aggressive the Federal Reserve will be in tightening policy, some US investors and strategists... Published 27 Jan, 2022 04:05am
Print Fed flags rate hike ‘soon,’ plans for ‘significantly reducing’ balance sheet WASHINGTON: The Federal Reserve on Wednesday signaled it is likely to raise US interest rates in March and ... Updated 27 Jan, 2022 09:37am
Markets Asian markets enjoy much-needed rally as Fed's big day arrives HONG KONG: Asian markets enjoyed some respite Wednesday from the hefty selling at the start of the week, with focus... Published 26 Jan, 2022 09:54am
Markets European equities rebound as Fed meets LONDON: European stock markets rebounded Tuesday, shrugging off steep Asian losses on the eve of a Federal Reserve... Published 26 Jan, 2022 04:41am
Opinion A digital dollar is years away as Fed kicks issue to Congress While the Federal Reserve’s paper on potentially adopting a central bank digital currency (CBDC) will advance... Published 25 Jan, 2022 05:03am
Markets US MIDDAY: Gold steadies NEW YORK: Gold prices steadied on Monday as tensions over Ukraine buoyed its safe-haven allure, while investors held... Published 25 Jan, 2022 05:03am
Business & Finance Facing questions on trades, Fed vice chair to leave early NEW YORK: Federal Reserve Vice Chair Richard Clarida announced Monday he will exit the US central bank early... Published 12 Jan, 2022 04:25am
Markets Wells Fargo shares race ahead as investors bet on turnaround story NEW YORK: Wells Fargo & Co shares have rallied ahead of its quarterly earnings later this week as analysts ... Published 11 Jan, 2022 06:33am
Business & Finance Possible US job boom in December lynchpin to Fed rate hikes WASHINGTON: The American economy likely saw strong job gains in the final month of 2021, which could shorten the... Published 07 Jan, 2022 10:08am
Opinion Investors brace for quantitative tightening as Fed sends hawkish message Another barometer of Federal Reserve hawkishness is making a bigger appearance on investors’ dashboards:... Published 07 Jan, 2022 06:22am
Markets Benchmark yields post largest increase since 2013 NEW YORK: Benchmark 10-year Treasuries ended the year with the largest yield increase since 2013 as investors ... Published 03 Jan, 2022 06:42am
Markets Wall Street rises as Fed gears up for inflation fight NEW YORK: Wall Street’s main indexes climbed on Thursday after the Federal Reserve announced a faster wind-down of... Published 17 Dec, 2021 04:30am
Markets Hong Kong shares rise HONG KONG: Hong Kong shares rose on Thursday after an upbeat economic outlook from the US Federal Reserve boosted... Published 17 Dec, 2021 04:30am
Markets Oil rises about 2pc on strong US demand, upbeat Fed outlook NEW YORK: Oil prices gained around 2% on Thursday, as record US implied demand, falling crude stockpiles and an... Published 17 Dec, 2021 04:30am
Markets Wall Street rises as Fed gears up for inflation fight Wall Street's main indexes climbed on Thursday after the Federal Reserve announced a faster wind-down of its... Updated 16 Dec, 2021 08:08pm
Markets Wall Street falls ahead of Fed announcement • Big tech stocks fall, defensive sectors rise • Indexes down: Dow 0.16pc, S&P 0.37pc, Nasdaq 0.95pc NEW... Published 16 Dec, 2021 04:00am