Oil benchmark Brent above $84 on perky US, China demand signals LONDON: Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in... Updated 10 May, 2024 11:57pm
Business & Finance US Fed likely to keep rates steady as hopes of early cuts fade WASHINGTON: The US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday,... Updated 01 May, 2024 07:51pm
Markets Gold prices slip BENGALURU: Gold prices slipped more than 1% to a one-week low on Tuesday due to an uptick in the dollar and US... Published 01 May, 2024 04:14am
Business & Finance US Fed’s preferred inflation gauge ticks up as fuel costs rise WASHINGTON: The US central bank’s favored measure of inflation edged higher last month on the back of rising fuel... Published 30 Mar, 2024 06:53am
Markets Rising US yields, record state debt sale to nudge Indian bond yields up MUMBAI: Indian government bond yields are expected to rise at the start of the week, tracking the rise in US... Published 18 Mar, 2024 10:06am
Business & Finance Canadian dollar extends weekly decline TORONTO: The Canadian dollar weakened to a nine-day low against its US counterpart on Friday as long-term borrowing... Published 18 Mar, 2024 04:56am
Markets Dollar firm with eyes on PCE data, kiwi calm before RBNZ decision TOKYO: The US dollar held steady as traders brushed off durable goods data overnight and awaited the Federal... Published 28 Feb, 2024 09:53am
Business & Finance Dollar mixed in tight trading range NEW YORK: The dollar edged lower against the euro and higher against the yen on Tuesday, but failed to find strong... Published 31 Jan, 2024 05:22am
Business & Finance Most Asian currencies subdued BENGALURU: Most emerging Asian currencies were subdued on Monday as the Federal Reserve-fuelled risk rally faded... Published 19 Dec, 2023 05:20am
Markets S&P 500, Dow ease as Fed official’s comments dampen rate-cut cheer NEW YORK: The S&P 500 and the Dow were subdued in choppy trading on Friday after comments from a policy maker... Published 16 Dec, 2023 05:49am
Business & Finance US Fed poised to keep rates unchanged as it opens key meeting WASHINGTON: The US central bank opened a key policy meeting Tuesday, with officials widely expected to hold interest... Published 31 Oct, 2023 07:50pm
Business & Finance Fed may pause again with rates at 22-year high WASHINGTON: The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as... Updated 30 Oct, 2023 08:50am
Markets Nasdaq rises as long-term Treasury yields retreat NEW YORK: The Nasdaq rose on Wednesday as easing long-term US Treasury yields boosted megacap stocks, while ... Published 12 Oct, 2023 05:57am
Markets China’s yuan slips past key threshold after Fed’s hawkish rate pause SHANGHAI: China’s yuan slipped to a more than one-week low against a strengthening dollar and breached a key... Published 21 Sep, 2023 10:44am
Markets Asian currencies drop after US dollar gains on hawkish Fed (.) Asian currencies fell on Thursday as capital outflows and the US Federal Reserve’s hawkish stance on monetary policy... Published 21 Sep, 2023 10:38am
Markets Yen worries increase as dollar strengthens after Fed TOKYO: The dollar hit fresh peaks on Thursday, sitting around its highest against the yen since November after a... Published 21 Sep, 2023 09:43am
Markets Copper rally loses steam after Powell says higher rates may be needed LONDON: Copper prices in London reversed earlier gains on Friday after US Federal Reserve Chair Jerome Powell said... Published 28 Aug, 2023 06:27am
Business & Finance More rate hikes ‘likely’ needed to lower inflation: Fed official WASHINGTON: A US central bank official said Saturday that more interest rate hikes “will likely be needed” to bring... Published 05 Aug, 2023 09:26pm
Business & Finance Moderate US economic growth expected in second quarter WASHINGTON: The US economy likely maintained a moderate pace of growth in the second quarter as labor market... Published 27 Jul, 2023 10:23am
Markets Wall St kicks off week higher ahead of inflation numbers NEW YORK: Wall Street’s main indexes rose on Monday, recovering losses from last week, as investors looked ahead ... Published 11 Jul, 2023 06:08am
Business & Finance Fed leaves rates steady, sees two small hikes by end of 2023 WASHINGTON: The Federal Reserve kept interest rates unchanged on Wednesday but signaled in new economic projections... Published 15 Jun, 2023 06:03am
Markets Copper drifts higher on possible Fed pause LONDON: Copper prices edged up on Thursday after the US central bank signalled a pause on rate hikes, but gains were... Published 05 May, 2023 06:44am
Markets PNC, JPM, Citizens among final bidders in First Republic auction PNC Financial Services Group, JPMorgan Chase & Co and Citizens Financial Group Inc were among banks that... Published 01 May, 2023 10:21am
Print Fed expected to hike again despite signs of slowing economy WASHINGTON: The US Federal Reserve is widely expected to raise its benchmark lending rate for a tenth — and possibly... Updated 01 May, 2023 08:57am
World Fed’s Bullard discounts recession talk, favors more rate hikes ST. LOUIS: The U.S. central bank should continue raising interest rates on the back of recent data showing inflation... Published 18 Apr, 2023 06:09pm
World US home sales bounce in February, ending 12-month slide WASHINGTON: Sales of existing homes in the United States made their biggest monthly jump since 2020 in February,... Published 21 Mar, 2023 07:33pm
Markets Dollar buoyant as robust US data keep Fed hawks in control SINGAPORE: The dollar was on the front foot on Monday, supported by a strong run of economic data out of the United... Published 20 Feb, 2023 08:57am
Business & Finance US inflation eases in January but kept high on rent and energy costs WASHINGTON: Rising rent and a gasoline price rebound helped keep US consumer prices elevated in January, according ... Published 15 Feb, 2023 06:27am
Business & Finance Rental costs, gasoline prices behind January US inflation: analysts WASHINGTON: Rising rents, a gasoline price rebound and vehicle costs helped keep US inflation elevated in January,... Published 14 Feb, 2023 10:58am
Markets Oil surges over 3pc as Fed’s Powell eases rate hike concerns NEW YORK: Oil prices climbed more than 3% on Tuesday after the head of the US central bank eased market concerns ... Published 08 Feb, 2023 06:10am
