US retail sales fall sharply in May WASHINGTON: U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle... Published 17 Jun, 2025 05:44pm
World Trump approves Nippon Steel’s $14.9bn purchase of US Steel U.S President Donald Trump approved Nippon Steel’s $14.9 billion bid for U.S. Steel on Friday, capping a tumultuous... Published 14 Jun, 2025 11:00am
World Trump reports more than $600mn in income from crypto, golf, licensing fees Donald Trump reported more than $600 million in income from crypto, golf clubs, licensing and other ventures in a... Published 14 Jun, 2025 10:52am
Editorials Reviving growth in an age of uncertainty EDITORIAL: Since the onset of the second Trump presidency, the global economy has been contending with the... Published 14 Jun, 2025 06:04am
World OECD trims global outlook as Trump trade war hits US growth PARIS: Global economic growth is slowing more than expected only a few months ago as the fallout from the Trump... Published 03 Jun, 2025 12:15pm
Opinion Mispricing the volatility regime? It’s hard to price in the unpredictable. That’s the market’s dilemma with Trump’s second coming. While some... Updated 29 May, 2025 07:45am
Opinion Global financial market tense due to increasing geopolitical risks While the US economy was exhibiting signs of recovery and the labor market was stabilizing, the US stock market and... Updated 26 May, 2025 07:29am
World US imposes visa bans on India travel agents for facilitating illegal migration WASHINGTON: The US State Department said on Monday that it was imposing visa restrictions on owners and other staff... Published 19 May, 2025 09:20pm
Business & Finance Nippon Steel to invest $4 billion for new US Steel mill in $14 billion package, document says WASHINGTON: Nippon Steel plans to invest $14 billion in U.S. Steel’s operations including up to $4 billion in a new... Published 19 May, 2025 09:14pm
Business & Finance Moody’s cuts America’s pristine credit rating, citing rising debt NEW YORK: Moody’s downgraded the US sovereign credit rating on Friday due to concerns about the nation’s ... Published 18 May, 2025 05:42am
Business & Finance US recession no longer likely after trade truce, says Barclays LONDON: Barclays no longer expects the US economy to slip into a recession later this year and has revised up its... Published 16 May, 2025 11:47am
Business & Finance Dollar gains after GDP contraction NEW YORK: The US dollar rallied against major currencies on a data-packed Wednesday after a report showed the... Published 01 May, 2025 06:16am
Markets Dollar slides to decade-low vs Swiss franc as US assets hit by loss of confidence TOKYO: The dollar slumped on Friday as waning confidence in the U.S. economy prompted investors to ditch U.S. assets... Published 11 Apr, 2025 07:47am
Markets Gold prices extend gains as US-China trade war escalates NEW YORK: Gold prices extended gains on Thursday, driven by an escalating trade war between the United States and... Published 11 Apr, 2025 05:38am
Opinion Will Trump’s Gold Card fetch $50 trillion President Donald Trump, in his recent interview with Fox News, claimed that his proposed $5 million Gold Card,... Published 10 Apr, 2025 03:14am
World China vows to ‘fight to the end’ as Trump tariff war rages BEIJING/WASHINGTON: China refused to bow to what it called “blackmail” from the United States as a global trade war... Published 08 Apr, 2025 12:31pm
Markets Indian stocks end week lower MUMBAI: Indian shares ended the week lower on Friday, following US President Donald Trump’s sweeping retaliatory... Published 05 Apr, 2025 05:23am
Editorials US Liberation Day tariffs EDITORIAL: President Donald Trump declared 2 April Liberation Day, “the day of our economic independence” as he... Published 04 Apr, 2025 05:22am
Markets Global markets reel as Trump tariffs stoke fear of economic ‘spiral of doom’ Investors still grappling with a lot of unanswered questions, a portfolio strategist says Published 03 Apr, 2025 11:22pm
World Trump sparks trade war with sweeping global tariffs Pakistan faces 29% reciprocal tariff Updated 03 Apr, 2025 11:19pm
Business & Finance US economic activity up slightly as tariff worries rise, Fed survey WASHINGTON: US economic activity has risen slightly but unevenly since mid-January, employment nudged higher, and... Published 26 Mar, 2025 08:09am
World US current account deficit narrows in fourth quarter WASHINGTON: The U.S. current account deficit contracted in the fourth quarter, but the improvement could be... Published 20 Mar, 2025 07:38pm
Business & Finance Fed keeps policy rate outlook intact WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, as expected, but US central bank... Published 20 Mar, 2025 05:30am
World US import prices increase solidly in February WASHINGTON: U.S. import prices unexpectedly rose in February amid higher costs for consumer goods, which does not... Published 18 Mar, 2025 07:56pm
Opinion All eyes on the Fed’s interest rate decision This week, the market will be closely monitoring the Federal Reserve’s interest rate decision, which is set to be... Published 17 Mar, 2025 06:43am
World There are ‘no guarantees’ there will not be a US recession: Bessent WASHINGTON: There are “no guarantees” there will not be a recession in the United States, although there could be an... Updated 17 Mar, 2025 08:28am
Opinion Tariff situation undoubtedly impacting US economy The US economy added 151,000 jobs, but the unemployment rate rose to 4.1%. This is a key economic indicator for the... Published 10 Mar, 2025 05:58am
World Fed Chair Powell flags uncertainty in US economy WASHINGTON: US Federal Reserve Chair Jerome Powell flagged high uncertainty Friday surrounding President Donald... Published 07 Mar, 2025 11:35pm
World US job growth picks up in February; unemployment rate rises to 4.1% WASHINGTON: U.S. job growth picked up in February and the unemployment rate edged up to 4.1%, but growing... Published 07 Mar, 2025 07:30pm
Business & Finance Dollar slips after inflation, consumer data NEW YORK: The US dollar edged lower on Friday following two straight days of gains, after a reading on inflation was... Published 01 Mar, 2025 06:28am