S&P 500, Nasdaq fall as tech shares give up gains NEW YORK: S&P 500 and Nasdaq gave up early gains to drop on Wednesday as technology stocks reversed course, ... Published 08 Jun, 2023 06:30am
Markets Gold subdued with focus on US Fed meeting BENGALURU: Gold prices inched lower on Wednesday due to a slight uptick in US bond yields, although bullion was ... Published 08 Jun, 2023 06:30am
Business & Finance OECD sees limited growth pick-up as rate hikes weigh PARIS: Global economic growth will pick up only moderately over the next year as the full effects of central bank... Published 08 Jun, 2023 06:30am
Business & Finance Dollar dips as investors wait on inflation data NEW YORK: The dollar fell against the euro and yen on Wednesday with no major catalysts to drive market direction as... Published 08 Jun, 2023 06:30am
Business & Finance Inflation fight risks central banks’ credibility and autonomy, BIS warns LONDON: The credibility and independence of central banks around the world is at risk if stubbornly-high global... Published 22 May, 2023 06:23am
World Biden nominates Philip Jefferson to number 2 spot at the Fed WASHINGTON: US President Joe Biden nominated Philip Jefferson to the number two job at the Federal Reserve Friday, a... Published 13 May, 2023 05:59am
Markets Wall Street falls as PacWest woes fuel fresh selloff NEW YORK: US stock indexes fell on Thursday after PacWest’s move to explore strategic options deepened concerns... Published 05 May, 2023 06:44am
Markets Oil up slightly after smaller ECB hike NEW YORK: Oil prices rose on Thursday after the European Central Bank (ECB) decided to slow the pace of its interest... Published 05 May, 2023 06:44am
Business & Finance Dollar gains, euro dips after cautious ECB NEW YORK: The dollar gained against the euro after the European Central Bank eased its pace of rate hikes, a day... Published 05 May, 2023 06:44am
Business & Finance Fed says new refinements of trading process are coming NEW YORK: The Federal Reserve is planning new steps to ensure officials and top staff are complying with financial... Published 02 May, 2023 05:59am
Business & Finance Fed calls for tougher bank rules after SVB collapse WASHINGTON: The US Federal Reserve called for greater banking oversight while admitting to its own failures in a... Published 29 Apr, 2023 06:04am
Business & Finance Fed may reverse rules that masked losses on SVB’s securities NEW YORK: US Federal Reserve is considering ending an exemption that has allowed certain midsize banks to conceal... Published 22 Apr, 2023 03:38am
Business & Finance Top Fed official sees rates rising and staying high WASHINGTON: US interest rates are likely to rise further, and will need to remain high to effectively tackle... Published 22 Apr, 2023 03:38am
Opinion SDR allocation, monetary tightening, inflation, and banking crisis While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs)... Published 31 Mar, 2023 06:45am
Business & Finance Fed official tells Congress many to blame for Silicon Valley Bank failure WASHINGTON: The scope of blame for Silicon Valley Bank’s failure stretches across bank executives, Federal Reserve... Published 31 Mar, 2023 06:45am
Business & Finance Activity in top US oilfields stall, outlook sours: Fed survey WASHINGTON: US oil and gas activity stalled in the first quarter as production gains slowed and drillers’ outlooks... Published 30 Mar, 2023 06:35am
Markets Wall St mixed as banking worries ebb NEW YORK: Wall Street struggled for direction on Tuesday as investors weighed receding concerns about a banking... Published 29 Mar, 2023 06:27am
Business & Finance Banking stress puts US and Europe on watch for credit crunch WASHINGTON/FRANKFURT: Stress in the banking sector is being closely monitored for its potential to trigger a credit... Published 27 Mar, 2023 07:30am
Business & Finance Banking stress brings US closer to recession: Fed’s Kashkari WASHINGTON: Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the US ... Published 27 Mar, 2023 06:15am
Business & Finance Dollar gains in safe-haven buying NEW YORK: The dollar rose on Wednesday on safe-haven buying after Credit Suisse’s stock tumbled following the... Published 16 Mar, 2023 06:01am
Markets Wall St set for February losses as rate fears grow NEW YORK: The benchmark S&P 500 slipped and the main US indexes were set for monthly losses on Tuesday as... Published 01 Mar, 2023 07:25am
Business & Finance Dollar little changed, but headed for 1st monthly gain since September NEW YORK: The dollar was flat to slightly lower against major currencies on Tuesday in choppy trading, after a round... Published 01 Mar, 2023 07:22am
Business & Finance Dollar jumps after ‘monster’ job report NEW YORK: The dollar jumped on Friday after data showed that US employers added significantly more jobs in January... Published 06 Feb, 2023 07:18am
Markets Wall Street Week Ahead: Signs of market strength cheer US stocks bulls NEW YORK: US stock bulls are taking heart from a range of market signals pointing to an upbeat year for Wall Street,... Published 06 Feb, 2023 07:13am
Markets US stocks sink after stunning jobs growth raises questions about Fed NEW YORK: Major US stock indexes fell in choppy trading on Friday after surprisingly strong jobs data sparked... Published 06 Feb, 2023 07:12am
Business & Finance Dollar steady as central banks take central stage NEW YORK: The dollar was little changed on Monday, a day before the Federal Reserve was due to begin a two-day ... Published 31 Jan, 2023 07:03am
Markets Emerging Asian FX mixed on rate hike, recession woes; ringgit, baht gain Most Asian currencies and equities were mixed on Friday, while the Malaysian ringgit and Thai baht edged higher, as... Published 20 Jan, 2023 11:37am
Business & Finance Dollar, euro rangebound NEW YORK: The dollar was little changed on Wednesday versus the euro and other major currencies as traders held off... Published 12 Jan, 2023 07:06am
Markets Gold off 8-month highs as markets brace for data NEW YORK: Gold prices eased from an eight-month peak on Wednesday as investors positioned themselves ahead of US... Published 12 Jan, 2023 07:01am
Markets Gulf stocks skid ahead of US inflation data DUBAI: Gulf stock markets fell on Wednesday, with banking shares taking the biggest hit across the markets, as... Published 12 Jan, 2023 06:56am