Fed seen hiking policy rate above 5% as hiring surges The U.S. Federal Reserve is likely to need at least two more interest-rate hikes, lifting the benchmark rate to... Published 03 Feb, 2023 09:14pm
Markets Oil steadies on mixed economic data NEW YORK: Oil prices steadied on Thursday on mixed data about the state of the US economy and looming sanctions on... Published 03 Feb, 2023 06:17am
World Fed’s Powell says no rate cuts this year, and markets hear it differently Federal Reserve Chair Jerome Powell had a clear message on Wednesday: as “gratifying” as it is that inflation has... Published 02 Feb, 2023 04:28pm
Opinion Biden, Republican leader clash – with US economy at stake President Joe Biden and the new Republican speaker of the House of Representatives, Kevin McCarthy, face off... Published 02 Feb, 2023 06:12am
World US manufacturing sector sinks further in January WASHINGTON: US manufacturing contracted further in January as higher interest rates stifled demand for goods, but... Published 01 Feb, 2023 08:31pm
Markets Easing inflation worries lift Wall Street ahead of Fed decision NEW YORK: US stocks rose on Tuesday as labour cost data indicated that the Federal Reserve’s aggressive approach ... Published 01 Feb, 2023 07:31am
World US house price inflation slows further in November WASHINGTON: US single-family home price growth cooled further in November, surveys showed on Tuesday, which together... Published 31 Jan, 2023 09:01pm
World Fed’s words in focus as markets bet rate hikes will soon end U.S. central bankers have unambiguously telegraphed this week’s policy decision: a quarter-of-a-percentage-point... Published 30 Jan, 2023 04:56pm
Opinion US trade shifts on Covid and China tensions, but no ‘decoupling’ yet US trade flows are realigning on the back of pandemic shocks and tensions with China, but efforts to reduce... Published 30 Jan, 2023 05:56am
Business & Finance Cooling US inflation lifts hope for smaller Fed rate hike WASHINGTON: Slowing inflation and a cooling property sector are fueling expectations that the US central bank can... Published 30 Jan, 2023 05:56am
Business & Finance US economy grows strongly in fourth quarter WASHINGTON: The US economy maintained a strong pace of growth in the fourth quarter as consumers boosted spending on... Published 30 Jan, 2023 05:56am
Business & Finance US trade shifts on Covid and China tensions, but no ‘decoupling’ yet WASHINGTON: US trade flows are realigning on the back of pandemic shocks and tensions with China, but efforts to... Published 29 Jan, 2023 12:07pm
World US consumer spending falls; inflation cooling WASHINGTON: US consumer spending fell in December, putting the economy on a lower growth path heading into 2023,... Published 27 Jan, 2023 07:13pm
World Fed seen raising rates twice more, then stopping, as inflation slows Traders of futures tied to the Federal Reserve’s policy rate kept bets on Friday that the U.S. central bank will... Published 27 Jan, 2023 07:09pm
Markets Oil up 1pc on positive US data NEW YORK: Oil prices rose more than 1 percent on Thursday on expectations that global demand will strengthen as top... Published 27 Jan, 2023 06:15am
Business & Finance Dollar up as data show US economy grew strongly in Q4 NEW YORK: The dollar edged higher against the euro on Thursday after data showed the US economy maintained a strong... Published 27 Jan, 2023 06:15am
World US growth slows to 2.1% in 2022 as downturn fears loom WASHINGTON: The US economy grew at a slower pace in 2022, the Commerce Department said Thursday, as activity eased... Published 26 Jan, 2023 06:59pm
Business & Finance US growth expected to slow in fourth quarter as downturn fears loom WASHINGTON: The US economy is forecast to have grown but at a slower pace in the final months of 2022, helped by... Published 26 Jan, 2023 12:15pm
Markets Oil dips $2 on global economic concerns HOUSTON: Crude oil prices slipped on Tuesday on concerns about a global economic slowdown and an expected build in ... Published 25 Jan, 2023 06:25am
World US business activity still soft in early 2023, but outlook perks up NEW YORK: US business activity contracted for the seventh straight month in January, though the downturn moderated... Published 24 Jan, 2023 08:40pm
Business & Finance US existing home sales lowest since 2010 WASHINGTON: US existing home sales plunged to a 12-year low in December, but declining mortgage rates raised ... Published 23 Jan, 2023 07:06am
Business & Finance Yellen says a US default could cause global financial crisis DAKAR/WASHINGTON: US Treasury Secretary Janet Yellen said on Friday that a potential US default could cause a global... Published 21 Jan, 2023 06:41am
World US existing home sales lowest since 2010; price growth slows WASHINGTON: US existing home sales plunged to a 12-year low in December, but declining mortgage rates raised... Published 20 Jan, 2023 08:26pm
Business & Finance US hits debt ceiling amid standoff between Republicans, Democrats WASHINGTON: The US government hit its $31.4 trillion borrowing limit on Thursday, amid a standoff between the... Published 20 Jan, 2023 06:10am
World US weekly jobless claims unexpectedly fall WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly fell last week,... Published 19 Jan, 2023 06:47pm
Markets Dollar rises on safe haven bids; yen regains footing SINGAPORE: The dollar rose broadly on Thursday as growth concerns about the US economy drove demand for the... Published 19 Jan, 2023 09:16am
Business & Finance US retail sales tumble; monthly producer prices fall WASHINGTON: US retail sales fell more than expected in December, pulled down by declines in purchases of motor... Published 19 Jan, 2023 07:03am
Opinion Why the USD matters? Whenever I meet clients and investors, the one discussion I always end up having, regardless of market conditions, ... Updated 18 Jan, 2023 07:34am
World US may need 'extraordinary' steps to avoid default: Yellen WASHINGTON: The United States may need to take "extraordinary measures" to prevent a default on its debt as early as... Published 13 Jan, 2023 11:24pm
World Fed seen stopping rate hikes shy of 5% as inflation slows Easing inflation will allow the Federal Reserve to deliver just a quarter-point rise in interest rates at its next... Published 12 Jan, 2023 08:12pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn