Goldman ups Fed hike forecast to 7 rate increases in 2022 after CPI data HONG KONG: Goldman Sachs said it expects seven 25 basis point interest rate rises from the US Federal Reserve this... Published 11 Feb, 2022 04:13pm
World US rate futures lift chances of 50 bps hike in March after strong CPI data NEW YORK: Federal funds rate futures on Thursday have increased the chances of a half percentage-point tightening by... Published 10 Feb, 2022 09:26pm
World US inflation rises to 40-year high, fuels speculation of Fed hike in March WASHINGTON: US consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40... Published 10 Feb, 2022 07:04pm
Print Fed sharpens inflation-fighting tools as rate hikes near WASHINGTON: The Federal Reserve has its inflation-fighting weapons ready to fire, and when the US central bank’s... Updated 24 Jan, 2022 09:27am
Opinion Revved up US demand for used cars sends prices soaring The used car market in the United States is seeing an unprecedented phenomenon: owners selling vehicles for as much... Published 14 Jan, 2022 06:50am
Business & Finance US consumer prices post biggest rise in nearly 40 years; inflation close to peaking WASHINGTON: US consumer prices increased solidly in December as rental accommodation and used cars maintained their... Published 13 Jan, 2022 07:17am
Business & Finance US consumer prices rose 7% in 2021, fastest pace since June 1982: govt WASHINGTON: US consumer prices in 2021 rose at the fastest pace in four decades, the government announced Wednesday,... Published 12 Jan, 2022 07:20pm
Markets Gold steadies in Europe LONDON: Gold steadied in a narrow range on Monday as the market focus pivoted to this week’s Federal Reserve... Published 14 Dec, 2021 06:40am
World US consumer prices increase further in November WASHINGTON: US consumer prices increased further in November as the cost of goods and services rose broadly amid... Published 10 Dec, 2021 06:50pm
Business & Finance Dollar climbs for a 3rd day as short-end US yields rise LONDON: The dollar tiptoed higher for a 3rd consecutive day on Friday since a surprisingly strong US inflation print... Published 13 Nov, 2021 04:08am
Markets Asian stocks slump, dollar shines as inflation fears flare TOKYO: Inflation fears pressured Asian stocks and buoyed the dollar on Thursday after data overnight showed US... Published 11 Nov, 2021 09:25am
World US consumer prices surge; weekly jobless claims fall WASHINGTON: US consumer prices increased more than expected in October as the cost of gasoline and food surged,... Updated 10 Nov, 2021 06:44pm
Markets Gold pressured by rising US Treasury yields Gold edged lower on Monday as a rise in US Treasury yields dented its appeal, although a risk-off sentiment in wider... Published 19 Oct, 2021 12:53am
Markets Gold hits one-month peak in Europe LONDON: Gold prices hit a one-month high on Thursday, as the dollar and US bond yields eased while investors ... Published 15 Oct, 2021 04:08am
Markets US MIDDAY: Gold rises to one-month high NEW YORK: Gold touched a one-month high on Thursday, as a dip in the dollar and US bond yields allowed investors to... Published 15 Oct, 2021 04:08am
World US consumer prices rose 5.4 percent annually in September: govt WASHINGTON: US consumer prices climbed 5.4 percent, seasonally adjusted, in September compared to the same month ... Published 13 Oct, 2021 06:03pm
Markets US money market funds see biggest weekly outflow in nine months Technology and real estate funds secured a net $435 million and $383 million respectively, though financials had an outflow of $845 million. Published 17 Sep, 2021 06:56pm
Business & Finance Canadian dollar rises TORONTO: The Canadian dollar on Tuesday strengthened against its US counterpart for a second day as oil prices rose... Published 15 Sep, 2021 04:19am
Markets Early trade: Strong Disney earnings push S&P 500, Dow to new peaks NEW YORK: The Dow and the S&P 500 opened at record highs on Friday, boosted by Walt Disney and tech-related... Published 14 Aug, 2021 03:41am
Business & Finance US producer prices at more than decade high; jobless claims fall WASHINGTON: Producer prices posted their largest annual increase in more than a decade amid inflation pressures ... Published 13 Aug, 2021 04:44am
Business & Finance Early trade: Dollar falls after data shows US consumer prices eased in July NEW YORK: The dollar fell on Wednesday after US inflation data showed consumer price increases, while still... Published 12 Aug, 2021 04:34am
Print US consumer inflation slows in July, but gas prices still rising WASHINGTON: US consumer prices jumped again in July, as spiking gasoline prices continue to fuel inflation, ... Updated 12 Aug, 2021 09:38am
World US consumer prices up 0.5% in July, up 5.4% past 12 months Energy prices remained a key driver of inflation, jumping 1.6 percent, while food prices rose 0.7 percent Published 11 Aug, 2021 07:04pm
Markets Treasury yields up for 6th day, expect 5%-plus inflation US 30-year yields also rose a touch, trading at 2.01% after scaling the 2% level on Tuesday for the first time since mid-July Published 11 Aug, 2021 02:53pm
Markets Australia shares end higher as gold miners shine Gold miners led gains on ASX. Buy-now, pay-later firms capped gains. NZX 50 down 0.5%. Published 14 Jul, 2021 01:43pm
Markets Dollar advances as US data shows inflation running hot US June CPI comes in hotter than expected. Weaker oil prices, stronger USD hurts loonie. Published 13 Jul, 2021 08:12pm
Business & Finance Dollar steadies in Europe LONDON: The dollar stabilised on Friday and major currency pairs were stuck within recent ranges as markets shrugged... Published 12 Jun, 2021 05:04am
Markets Gold slips in NY NEW YORK: Gold prices slipped on Friday, hurt by a strengthening dollar as some investors bet that recent spikes in... Published 12 Jun, 2021 05:04am
Business & Finance Sterling rises against dollar, euro LONDON: Sterling reversed earlier losses to rise versus the dollar and euro on Thursday after data showed US ... Published 11 Jun, 2021 03:41am
Markets Gold edges higher in NY NEW YORK: Gold prices nudged up on Thursday after data showed US consumer prices increased more than expected last... Published 11 Jun, 2021 03:41am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?