IMF slightly downgrades US economic forecast for 2024 WASHINGTON: The IMF said Thursday it expects the US economy to grow a bit more slowly than previously forecast, ... Published 29 Jun, 2024 06:40am
Markets Wall St loses over 1pc amid fading rate-cut hopes NEW YORK: US stocks slumped on Thursday as most megacaps fell after Meta Platforms’ quarterly results, while... Published 26 Apr, 2024 04:15am
World US economic growth slows significantly in first quarter WASHINGTON: The US economy cooled markedly in the first three months this year, expanding less than anticipated as... Published 25 Apr, 2024 06:45pm
Business & Finance Yellen says global economy remains resilient, lauds US as growth driver SAO PAULO: Strong US economic growth has been a “key driver” of better than expected global growth, US Treasury... Published 27 Feb, 2024 10:36am
Business & Finance Economists pilloried for getting forecasts wrong PARIS: Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global... Updated 04 Feb, 2024 10:10pm
Markets Oil prices up on strong economic growth HOUSTON: Oil prices rose for a second week in a row and settled at their highest in nearly two months on Friday as... Published 28 Jan, 2024 02:43am
Markets Gold steadies ahead of key US data Gold prices steadied on Monday as traders braced for fresh data on US economic growth and the Federal Reserve’s... Published 22 Jan, 2024 09:38am
Business & Finance Dollar on pace for first yearly loss since 2020 NEW YORK: The dollar is set to end 2023 with its first loss since 2020 against the euro and a basket of currencies ... Published 30 Dec, 2023 06:28am
Markets Wall St rises after soft inflation data NEW YORK: Wall Street’s main indexes gained on Friday after a key inflation reading came in softer than expected,... Published 23 Dec, 2023 06:16am
Markets European shares rise on earnings optimism PARIS: European shares reversed early declines to gain on Tuesday as robust earnings from the region and the US... Published 25 Oct, 2023 06:19am
Business & Finance US growth, a puzzle to policymakers, could pose global risks JACKSON HOLE: US economic growth, still racing at a potentially inflationary pace as other key parts of the world... Published 27 Aug, 2023 10:16am
World Yellen sees 'resilience' in US economy even as it cools WASHINGTON: US economic growth and wage gains should "serve as a source of resilience" moving forward even if the... Published 12 Aug, 2023 12:49am
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 Oil eases on lacklustre Chinese import data HOUSTON: Oil prices fell on Tuesday, retreating from strong gains in the previous two sessions, due to lackluster... Published 10 May, 2023 06:03am
Markets Gold set for monthly gain on economic woes, softer dollar Gold prices were poised for a second monthly gain on Friday as lingering economic concerns and a weaker dollar drove... Published 28 Apr, 2023 09:21am
Business & Finance US dollar gains after GDP, jobless claims data; rate hike bets intact NEW YORK: The dollar rose on Thursday as weaker-than-expected US economic growth in the first quarter is not likely... Published 28 Apr, 2023 06:08am
Business & Finance OECD hikes growth outlook PARIS: The global economic outlook has improved from a few months ago as the inflation shock eases but rising... Published 18 Mar, 2023 06:14am
Markets Wall Street inches higher as Meta earnings offset GDP gloom NEW YORK: Wall Street edged higher on Thursday as strong earnings from Meta Platforms lifted battered technology and... Published 29 Apr, 2022 05:43am
Markets Strong earnings spur rally across European stocks LONDON: European shares moved further off six-week lows hit last session as forecast-beating results from companies... Published 29 Apr, 2022 05:43am
Business & Finance Dollar hits 20-yr high as yen tumbles on dovish BoJ NEW YORK: The dollar hit a 20-year high against rivals on Thursday as the Bank of Japan doubled-down on its dovish... Published 29 Apr, 2022 05:43am
World US economy unexpectedly contracts in first quarter WASHINGTON: US economic growth unexpectedly contracted in the first quarter as a resurgence in COVID-19 cases... Published 28 Apr, 2022 08:20pm
Markets Wall Street Week Ahead: Investors turn to defensive stocks as economic concerns grow NEW YORK: US stock investors worried geopolitical uncertainty and the Federal Reserve’s fight against inflation... Published 18 Apr, 2022 06:51am
Business & Finance US economic growth accelerates in Q4; corporate profits slow WASHINGTON: The US economy grew robustly in the fourth quarter, the government confirmed on Wednesday, but momentum... Published 31 Mar, 2022 07:58am
Markets US MIDDAY: Gold spirals lower NEW YORK: Gold prices slid over 1% to more than a two-week low on Thursday, as the dollar rallied after robust US... Published 28 Jan, 2022 04:44am
Business & Finance Omicron will pinch, not derail US economic growth: Yellen WASHINGTON: The latest coronavirus variant will weigh on US economic growth in the months ahead but will not derail... Published 19 Jan, 2022 03:41pm
World Goldman Sachs cuts US GDP growth forecast for 2022 over Omicron fears NEW YORK: Goldman Sachs on Saturday cut its outlook for US economic growth to 3.8% for 2022, citing risks and... Published 05 Dec, 2021 04:26am
Markets Japan's 10-year bond yields track US Treasury peers higher TOKYO: Japan's benchmark 10-year government bond yields rose on Friday, tracking US Treasury yields higher, while... Published 01 Nov, 2021 05:18am
Business & Finance OECD lowers global, US economic growth forecasts PARIS: The OECD warned Tuesday of an "uneven" global economic recovery as it lowered its 2021 growth forecasts for... Published 21 Sep, 2021 04:21pm
World US retail sales unexpectedly rise in August; weekly jobless claims climb Retail sales rebounded despite an ongoing global shortage of microchips, which is forcing automakers to cut production, leading to a scarcity of inventory at showrooms Published 16 Sep, 2021 06:08pm
Business & Finance Early trade: Dollar languishes, other safe haven currencies shine NEW YORK/LONDON: The US dollar languished again on Tuesday, particularly against the Swiss franc and Japanese yen, ... Published 04 Aug, 2021 04:14am
Pitching Pakistan’s economy: brokerage house AHL says country not witnessing exodus of foreign investment