US consumer prices increase solidly in February WASHINGTON: US consumer prices increased in February amid sticky rental housing costs, but economists are divided on... Published 14 Mar, 2023 06:06pm
Business & Finance Walmart gets cautious on economic outlook NEW YORK: Walmart Inc struck a cautious note in its economic outlook for 2023 on Tuesday as the retail bellwether... Published 27 Feb, 2023 07:40am
Business & Finance Dollar advances to six-week peak after strong US retail sales data NEW YORK: The dollar rose to a six-week high against a currency basket on Wednesday after hotter-than-expected US... Published 16 Feb, 2023 06:08am
Markets Wall St slides as inflation data, policymakers stoke rate worries NEW YORK: Wall Street’s main indexes slid on Tuesday after data showed consumer prices accelerated in January,... Published 15 Feb, 2023 06:27am
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
Markets Wall St rises in volatile trade as investors assess inflation data NEW YORK: Wall Street’s main indexes rose in choppy trade on Thursday as cooling inflation supported bets of... Published 13 Jan, 2023 06:05am
Markets Gold rises after US inflation data ease concerns NEW YORK: Gold prices pared gains after earlier jumping more than 1% to above the key $1,900 per ounce pivot on... Published 13 Jan, 2023 06:05am
Markets Copper hits 7-month peak as US consumer prices fall LONDON: Copper prices touched a seven-month high on Thursday after US consumer prices unexpectedly fell, brushing... Published 13 Jan, 2023 06:05am
World US consumer prices fall in December; weekly jobless claims edge down WASHINGTON: US consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December amid... Published 12 Jan, 2023 07:06pm
World US consumer prices increase moderately in November WASHINGTON: US consumer prices barely rose in November amid declines in the cost of gasoline and used cars, leading... Published 13 Dec, 2022 06:54pm
Business & Finance US dollar regains ground NEW YORK/LONDON: The US dollar rose against the euro and yen on Monday, as investors kept their focus on the Federal... Published 15 Nov, 2022 05:52am
Business & Finance Sterling edges up against weakening dollar LONDON: Sterling edged higher against a weakening dollar on Friday after British economic data came in stronger than... Published 14 Nov, 2022 05:55am
Business & Finance Sterling set for biggest daily gain since 2017 LONDON: Sterling was set for its biggest daily gain since January 2017 against a weakening US dollar on Thursday... Published 11 Nov, 2022 05:54am
Business & Finance Dollar slumps after CPIdata suggests Fed may ease rate hikes NEW YORK/LONDON: The dollar fell sharply on Thursday after US consumer prices rose less than expected last month and... Published 11 Nov, 2022 05:54am
World US annual consumer inflation eases to still-high 7.7% in October WASHINGTON: US consumer prices cooled in October but remained at decades-high levels, according to government data... Published 10 Nov, 2022 07:32pm
World US consumer prices increase more than expected in September; weekly jobless claims rise WASHINGTON: US consumer prices increased more than expected in September and underlying inflation pressures... Published 13 Oct, 2022 06:29pm
Opinion Wall Street outlook darkens as grim inflation report tees up more Fed hawkishness An already-murky outlook for US stocks and bonds is growing darker, as sizzling inflation ratchets up expectations... Published 15 Sep, 2022 05:57am
Business & Finance Dollar rallies against euro, yen NEW YORK/LONDON: The dollar jumped against the yen, euro and other currencies on Tuesday after ... Published 14 Sep, 2022 04:45am
Business & Finance Dollar extends declines as traders pull back rate hike bets NEW YORK: The dollar extended its losses against other major currencies on Thursday, a day after a report showed US... Published 12 Aug, 2022 05:44am
Markets European shares bounce after US inflation data calms nerves PARIS: European shares rose on Wednesday in a sharp reversal from earlier in the session with data showing a... Published 11 Aug, 2022 04:35am
Business & Finance Sterling surges more than 1pc vs dollar LONDON: Sterling jumped against the dollar after lower-than-expected US inflation print for July dampened... Published 11 Aug, 2022 04:35am
World US consumer price growth unchanged for July US consumer prices did not rise in July due to a sharp drop in the cost of gasoline, delivering the first notable... Published 10 Aug, 2022 06:33pm
Markets Japan’s Nikkei ends at 4-month high on robust corporate outlook TOKYO: Japan’s Nikkei index ended at a more than four-month high on Monday, as investors scooped up stocks that... Published 09 Aug, 2022 03:37am
Markets Saudi index hits 6-month low amid recession fears DUBAI: Most stock markets in the Gulf fell on Thursday, with the Saudi index wiping out its gains so far this year,... Published 15 Jul, 2022 06:20am
Markets Indian shares end lower BENGALURU: Indian shares closed lower for a fourth straight session as public sector banks and information ... Published 15 Jul, 2022 06:20am
Business & Finance Yuan eases amid broad dollar strength SHANGHAI: China’s yuan eased on Thursday, reflecting the broad strength of the dollar after the US inflation... Published 15 Jul, 2022 06:20am
World US consumer prices surge to new 40-year high of 9.1pc WASHINGTON: US inflation surged to a fresh peak of 9.1 percent in June, further squeezing American families and... Published 14 Jul, 2022 05:00am
Markets Gold retreats to near one-year low LONDON: Gold extended its slide to a near one-year low on Wednesday after data showing a jump in US inflation... Published 14 Jul, 2022 05:00am
World Gasoline, food drive US consumer prices higher in June WASHINGTON: US consumer prices accelerated in June as gasoline and food costs remained elevated, resulting in the... Published 13 Jul, 2022 07:19pm
Markets European stocks tumble to 3-month lows LONDON: European stocks tumbled to three-month lows on Monday as a sharp rise in US inflation raised concerns about... Published 14 Jun, 2022 05:56am