S&P 500, Nasdaq drop as investors weigh Fed moves NEW YORK: The S&P 500 and the Nasdaq gave up early gains on Friday and were set to snap their five-week winning... Published 01 Jun, 2024 06:59am
Business & Finance Dollar set for first monthly drop after US inflation readout NEW YORK: The dollar was lower on Friday and on track for its first monthly decline in 2024 after data showed US... Published 01 Jun, 2024 06:59am
Business & Finance Dollar slides after US CPI data NEW YORK: The dollar fell on Wednesday after US consumer prices rose less than expected in April, indicating... Published 16 May, 2024 06:28am
Business & Finance Asian currencies: Malaysian ringgit hits 2-month high BENGALURU: Asian currencies eked out modest gains on Wednesday while stocks were mixed as investors braced for a key... Published 16 May, 2024 06:28am
Business & Finance Yen slightly higher after suspected intervention NEW YORK: The yen was slightly stronger on the day on Thursday after a sudden rally late on Wednesday that traders ... Published 03 May, 2024 06:29am
Business & Finance Fed to meet amid dwindling hopes of summer rate cuts WASHINGTON: The US Federal Reserve is highly likely to keep interest rates unchanged later this week, as... Updated 29 Apr, 2024 09:20am
Business & Finance US Fed’s preferred inflation gauge ticks up as fuel costs rise WASHINGTON: The US central bank’s favored measure of inflation edged higher last month on the back of rising fuel... Published 30 Mar, 2024 06:53am
Business & Finance Fed holds key rate, pencils in 3 cuts this year WASHINGTON: The US Federal Reserve voted Wednesday to hold interest rates at a 23-year high for a fifth consecutive... Published 21 Mar, 2024 05:22am
Business & Finance Fed’s still expects rate cuts WASHINGTON: Continued progress on lowering inflation “is not assured” though the US Federal Reserve still ... Published 07 Mar, 2024 04:59am
Business & Finance Fed divided on risk of cutting rates too soon WASHINGTON: The US Federal Reserve was divided in January over the risks of cutting interest rates too soon or too... Published 23 Feb, 2024 06:36am
Business & Finance US Fed official warns against cutting rates too soon WASHINGTON: It would be a “mistake” for the US Federal Reserve to start cutting interest rates too soon, despite... Published 07 Feb, 2024 05:30am
Markets Wall St pares gains as rate-cut cheer ebbs after latest Fed comments NEW YORK: Wall Street’s three main indexes were muted at mid-day after a strong start on Wednesday, following... Published 30 Nov, 2023 04:53am
Markets Wall St regains ground on megacap boost NEW YORK: Wall Street’s main indexes climbed on Tuesday following a choppy start to the session as falling US... Published 08 Nov, 2023 05:42am
Business & Finance Tighter credit, lending conditions build case for Fed policy hold WASHINGTON: US Federal Reserve officials will likely leave their policy rate on hold at this week’s meeting thanks... Published 30 Oct, 2023 05:24am
Business & Finance Latam FX, stocks advance after US inflation data BENGALURU: Most Latin American currencies and stocks advanced on Friday after data in the United States reflected a... Published 30 Oct, 2023 05:24am
Opinion Bond vigilantes and inversion anxiety One of Wall Street’s enduring lessons, “inverted yield curves don’t always predict recessions, but all... Updated 05 Oct, 2023 06:45am
Markets S&P, Dow rise as yields slip ahead of Fed verdict NEW YORK: The S&P 500 and the Dow gained on Wednesday as Treasury yields pulled back ahead of a likely pause in... Published 21 Sep, 2023 06:08am
Business & Finance US banks hold $3.3 trillion cash amid banking crisis, slowdown worries NEW YORK/SAN FRANCISCO: US lenders are holding onto large piles of cash as insurance against a slowing economy,... Published 11 Sep, 2023 06:32am
Markets Gold slips as US dollar, Treasury yields tick higher NEW YORK: Gold prices fell 1% on Tuesday, weighed down by a stronger dollar and an uptick in bond yields, while... Published 02 Aug, 2023 06:47am
Business & Finance UBS fined $387m over Credit Suisse misconduct: US Fed WASHINGTON: The Swiss banking giant UBS has been fined close to $400 million for misconduct by its recently-acquired... Published 31 Jul, 2023 06:43am
Print Fed officials spar over banking reform in rare open meeting WASHINGTON: Members of the US Federal Reserve’s governing body voiced disagreements over proposed changes to... Updated 29 Jul, 2023 09:33am
Markets US Federal Reserve likely to lift interest rates to 22-year high WASHINGTON: The US Federal Reserve is poised to announce a fresh quarter percentage-point hike to its benchmark... Updated 26 Jul, 2023 12:51pm
Markets Oil prices rise as tight supply counters expected rate hikes LONDON: Oil prices rose on Monday as tightening supply and hopes for Chinese stimulus underpinned Brent at well... Updated 24 Jul, 2023 05:46pm
Markets Gold slips as dollar firms, focus on US Fed NEW YORK: Gold fell on Friday, moving further away from a two-month peak hit in the last session, due to a stronger... Published 24 Jul, 2023 06:11am
Editorials Caution from Basle EDITORIAL: The Bank for International Settlements (BIS), the global umbrella body for central banks, sure poured ... Updated 08 Jul, 2023 06:58am
Business & Finance BofA asks Fed to clarify stress test results NEW YORK: Bank of America Corp (BofA) said on Monday it had begun a dialogue with the Federal Reserve to understand... Published 04 Jul, 2023 05:07am
Markets Copper heads for weekly drop on hawkish rate hikes LONDON: Copper prices were heading for a weekly drop on Friday after three weeks of gains as concerns over global... Published 26 Jun, 2023 06:38am
Markets Gold on track for worst week since Feb on hawkish Fed NEW YORK: Gold prices on Friday were heading for their biggest weekly percentage fall in over four months, weighed ... Published 26 Jun, 2023 06:38am
Business & Finance Senior Fed official calls for ‘impartial’ review into bank failures WASHINGTON: A senior Federal Reserve official has criticized proposals to increase bank capital requirements and... Published 26 Jun, 2023 06:38am
Business & Finance Fed leaves rates steady, sees two small hikes by end of 2023 WASHINGTON: The Federal Reserve kept interest rates unchanged on Wednesday but signaled in new economic projections... Published 15 Jun, 2023 06:03am
