US Republicans upbeat on prospects for debt deal WASHINGTON: Top US Republican Kevin McCarthy said Thursday he saw “the path” to a breakthrough in talks to avert... Published 19 May, 2023 06:17am
World US weekly jobless claims fall more than expected WASHINGTON: The number of Americans filing new claims for jobless benefits fell more than expected last week, with... Published 18 May, 2023 06:10pm
World US economy ‘hangs in the balance’ as debt limit impasse drag on: Yellen WASHINGTON: The standoff over the federal debt limit is already having dire consequences for the US economy, driving... Published 16 May, 2023 03:49pm
Business & Finance US consumer sentiment plummets to six-month low WASHINGTON: US consumer sentiment slumped to a six-month low in May on worries that political haggling over raising... Published 15 May, 2023 07:17am
Business & Finance What happens if the US fails to raise its debt ceiling? WASHINGTON: Time is running short as US policymakers remain at an impasse on lifting the debt ceiling, while the... Updated 15 May, 2023 12:02pm
World G7 finance chiefs warn of global uncertainty as US debt crisis looms NIIGATA: Finance leaders of the Group of Seven (G7) rich nations warned of heightening global economic uncertainty... Published 13 May, 2023 10:06am
World Yellen expects US regulators to be open to mergers among midsize banks NIIGATA: The current banking environment and pressures on earnings of some U.S. regional banks may lead to some... Published 13 May, 2023 10:00am
World Yellen hopeful of a solution to ‘more difficult’ debt ceiling showdown NIIGATA: Treasury Secretary Janet Yellen on Saturday called the showdown over raising the U.S. debt ceiling “more... Published 13 May, 2023 09:47am
World World Bank’s Malpass: risk of US default adds to woes facing slowing global economy NIIGATA: The risk of a US default is adding to problems facing the slowing global economy, with rising interest... Published 12 May, 2023 05:05pm
Markets Yellen: Still some uncertainty about when Treasury will run out of cash NIIGATA: Treasury Secretary Janet Yellen said there is still uncertainty about exactly when Treasury will run out of... Published 12 May, 2023 01:51pm
World Cost of insuring against US default rises to highest since 2009 LONDON: The cost of insuring against a US default rose to its highest since early 2009 on Thursday, in the latest... Published 11 May, 2023 02:16pm
Business & Finance US govt credit default swaps hit all time high on debt ceiling impasse NEW YORK: The cost of insuring exposure to US government debt rose to fresh highs on Wednesday, as President Joe... Published 11 May, 2023 05:54am
World Fed’s Jefferson says economy slowing in ‘orderly’ manner WASHINGTON: The U.S. economy is slowing in an “orderly fashion” that should allow inflation to decline even as... Published 09 May, 2023 06:51pm
Print Yellen warns of ‘chaos’ if US fails to raise debt ceiling WASHINGTON: US Treasury Secretary Janet Yellen warned Sunday that unless Congress acts soon to raise the nation’s... Updated 08 May, 2023 09:00am
World US hiring shows surprise surge as unemployment falls WASHINGTON: Hiring in the United States picked up pace in April and unemployment returned to the lowest level in... Published 05 May, 2023 06:27pm
World White House says ‘will not negotiate’ on debt ceiling extension WASHINGTON: President Joe Biden will not negotiate with Republicans on their push to make spending cuts a... Published 05 May, 2023 06:44am
World US trade deficit falls in March on rise in exports WASHINGTON: The US trade gap narrowed in March as exports of goods including industrial supplies rose, according to... Published 04 May, 2023 06:23pm
World Fed's Powell: don't assume Fed can protect U.S. economy from debt limit default WASHINGTON: The U.S. Federal Reserve is unlikely to be able to shield the U.S. economy from the fallout of a failure... Published 04 May, 2023 12:59am
World Fed begins rate talks that could herald end of hikes WASHINGTON: The US Federal Reserve kicked off a two-day meeting Tuesday morning to decide whether to raise its... Published 02 May, 2023 07:22pm
World US manufacturing sector contracts for sixth straight month in April WASHINGTON: US manufacturing pulled off a three-year low in April as new orders improved slightly and employment... Published 01 May, 2023 07:43pm
World US Fed’s favorite inflation gauge slows in March WASHINGTON: The US Federal Reserve’s favored measure of inflation slowed substantially last month, providing relief... Published 28 Apr, 2023 07:00pm
Markets Nasdaq climbs as investors cheer Microsoft, Alphabet results NEW YORK: The tech-heavy Nasdaq advanced on Wednesday as strong results from Microsoft and Alphabet offset concerns... Published 27 Apr, 2023 06:24am
World US goods trade deficit narrows sharply in March; retail inventories rise WASHINGTON: The US trade deficit in goods narrowed sharply in March as exports surged and imports declined, which... Published 26 Apr, 2023 06:32pm
Markets One-month Treasury yields fall to Oct. lows as debt ceiling worries grow NEW YORK: One-month Treasury yields fell to their lowest levels since October on Monday as investors appeared to ... Published 25 Apr, 2023 06:25am
World US home sales slowed in March WASHINGTON: Sales of existing homes in the United States slowed in March, the Commerce Department said Thursday,... Published 20 Apr, 2023 07:23pm
Markets Wall Street Week Ahead: Consumer stocks’ earnings may offer clues about US economy’s resilience NEW YORK: Investors are awaiting earnings reports from consumer discretionary companies in coming weeks for a read ... Published 17 Apr, 2023 06:41am
World US retail sales post steeper fall than expected: govt WASHINGTON: Retail sales in the United States slipped more than anticipated in March, according to government data... Published 14 Apr, 2023 06:39pm
World Top US Fed official says more monetary tightening needed WASHINGTON: The US should continue tightening monetary policy to bring down inflation while assessing the impact of... Published 14 Apr, 2023 06:37pm
World Fed rate hike in May still the odds-on bet The Federal Reserve is likely to raise its policy rate once more in May to a range of 5.00%-5.25%, according to... Published 12 Apr, 2023 09:40pm
World US weekly jobless claims fall; layoffs jump in March WASHINGTON: The number of Americans filing new claims for unemployment benefits fell last week, but the picture of... Published 06 Apr, 2023 06:08pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?