Key US inflation measure posts largest annual increase in three years Published 29 May, 2026 01:43am Core PCE inflation advances 3.3% on year-over-year basis, versus Fed's 2% target
Dollar trades lower against peers Published 11 Feb, 2026 04:48am NEW YORK: The US dollar traded mostly lower against major currencies on Tuesday following data indicating slower...
Most Gulf stock markets gain on US rate cut hopes Published 30 Sep, 2025 05:54am DUBAI: Most stock markets in the Gulf closed higher on Monday, supported by investor optimism that the US Federal...
Dollar weakens with Fed cut in view Published 30 Aug, 2025 06:00am NEW YORK: The dollar fell against the euro and Swiss franc on Friday, on course for a 2 percent decline in August...
US Commerce Dept sets 93.5% anti-dumping tariff on Chinese anode graphite Published 18 Jul, 2025 11:42am The US Commerce Department said on Thursday it will impose preliminary anti-dumping duties of 93.5% on anode-grade...
What’s in Trump’s sweeping new reciprocal tariff regime Published 03 Apr, 2025 11:34am WASHINGTON: US President Donald Trump smashed a more than 75-year-old global trading system with a new baseline 10%...
US adds firms including from Pakistan to export blacklist Published 27 Mar, 2025 05:23am WASHINGTON: The United States added six subsidiaries of Inspur Group, China’s leading cloud computing and big data...
US dollar strengthens Published 01 Feb, 2025 06:30am NEW YORK: The US dollar strengthened against major currencies including the yen and euro on Friday, while the...
US Senate committee to hold Jan. 29 hearing on Trump commerce nominee Published 23 Jan, 2025 11:34am WASHINGTON: The Senate Commerce Committee said on Wednesday it would hold a Jan. 29 hearing on President Donald...
Nvidia criticizes reported Biden plan for AI chip export curbs Published 10 Jan, 2025 11:18am Nvidia on Thursday criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip...
Beijing slams US over potential drone ban Published 04 Jan, 2025 06:30am BEIJING: China said on Friday it would take “all necessary measures” in response to the United States announcing...
Intel’s $7.86 billion subsidy deal restricts sale of its manufacturing unit Published 28 Nov, 2024 10:44am Intel said on Wednesday its deal for $7.86 billion in US government subsidies restricts the company’s ability to...
Pakistan, Iran weapons programmes: US imposes curbs on firms Published 22 Oct, 2024 06:33am WASHINGTON: The United States added more than two dozen entities to a trade blacklist Monday over alleged support of...
US trade gap grows in February to highest level since April 2023 Published 05 Apr, 2024 04:50am WASHINGTON: The US trade deficit expanded in February by more than analysts expected to reach its highest level ...
Oil slides 1% as weaker IEA demand outlook offsets rate cut hopes Updated 16 Feb, 2024 07:13pm LONDON: Oil fell by about 1% on Friday as slowing demand forecast by the International Energy Agency (IEA) offset...
US, China commerce ministers pledge to further talks in 2024 Published 17 Nov, 2023 10:51pm SAN FRANCISCO: The United States and China plan further talks on commercial issues next year, the US Commerce...
Gulf bourses mixed ahead of US economic data Published 25 Oct, 2023 06:19am DUBAI: Stock markets in the Gulf ended mixed on Tuesday ahead of US economic data expected to offer clues to the ...
Most Gulf markets gain ahead of US economic data Published 24 Oct, 2023 02:05pm Most major stock markets in the Gulf rose in early trade on Tuesday ahead of economic data expected to offer clues...
US holiday sales set for slowest year since 2018 as consumers turn frugal Published 13 Sep, 2023 10:32am Holiday sales in the United States are estimated to grow at their slowest pace in five years, according to a report...
White House calls in tech firms to talk AI risks Published 03 May, 2023 12:25pm WASHINGTON: The White House plans to meet with top executives from Google, Microsoft, OpenAI and Anthropic on...
Dollar pares gains, Fed meeting in focus Published 03 May, 2023 06:35am NEW YORK: The dollar pared gains on Tuesday after data showed that US job openings fell in March while factory ...
US seeks to prevent China from benefiting from $52bn chips funding Published 21 Mar, 2023 07:13pm WASHINGTON: The US Commerce Department on Tuesday released proposed rules to prevent $52 billion in semiconductor...
Dollar eases as investors price out ‘Armageddon recession’ risk Updated 16 Feb, 2023 03:37pm LONDON: The dollar stalled on Thursday as investors scooped up higher-risk currencies after a run of strong US...
Dollar edges down as traders look to central banks Published 26 Jan, 2023 05:58am NEW YORK: The dollar edged down against the euro on Wednesday in subdued trading as investors were hesitant to make...
Fed’s preferred inflation gauge eases while spending stalls Published 24 Dec, 2022 05:50am WASHINGTON: A key indicator of US inflation edged down in November, according to government data released Friday, in...
US economy grows for first time this year in third quarter Published 28 Oct, 2022 05:58am WASHINGTON: The US economy rebounded in the third quarter, government data showed Thursday, in welcome news for...
Yields rise as Fed officials vow to fight hot inflation Published 03 Oct, 2022 05:52am NEW YORK: Treasury yields rose on Friday in a volatile week rocked by a Bank of England intervention that sent bond...
South Korea’s Yoon asks Biden to resolve concerns over EV subsidy rules Published 22 Sep, 2022 11:21am SEOUL: South Korean President Yoon Suk-yeol asked US President Joe Biden to help address Seoul’s concerns that new...
US adds cargo planes operated by Iranian airlines flying to Russia Published 20 Sep, 2022 05:51am WASHINGTON: The US Commerce Department on Monday said it will add 3 Boeing 747 airplanes operated by Iranian ...
US adds Iran cargo planes flying to Russia to export violation list Published 20 Sep, 2022 12:08am WASHINGTON: The US Commerce Department on Monday said it will add three Iranian cargo planes serving Russia to a ...