US dollar edges lower NEW YORK: The dollar slipped for a second straight session, as a recent ascent lost steam, but the greenback was... Published 26 Oct, 2024 05:55am
World Fed’s Logan eyes more gradual rate cuts amid more balance sheet cuts NEW YORK: Federal Reserve Bank of Dallas President Lorie Logan said Monday she sees more rate cuts ahead for the... Published 21 Oct, 2024 05:59pm
Markets Dollar pullback to help Indian rupee, weak risk appetite to weigh MUMBAI: The Indian rupee is expected to open largely unchanged on Wednesday, holding below the 84 handle amid... Published 16 Oct, 2024 10:11am
World Fed seen cutting rates gradually to 3.5% by mid-2025 Federal Reserve policymakers are seen as likely to deliver a quarter-percentage-point interest-rate cut next month... Published 10 Oct, 2024 07:33pm
Markets German 10-year yields hit fresh one-month high after Fed minutes, before data German 10-year yields hit a fresh one-month high on Thursday, tracking moves in US Treasuries after the Federal... Published 10 Oct, 2024 11:54am
Markets Dollar holds on to 7-week highs as traders consider US rates outlook SINGAPORE: The dollar clung to seven-week highs against major currencies on Tuesday as investors ponder the outlook... Published 08 Oct, 2024 10:08am
Markets S&P 500, Nasdaq up after jobs data NEW YORK: The S&P 500 and the Nasdaq rose slightly on Friday, with small-cap stocks outperforming the three main... Published 05 Oct, 2024 06:43am
World US Fed Chair sees ‘further disinflation’ in economy WASHINGTON: The United States is set to see inflation cool further towards policymakers’ target, Federal Reserve... Published 01 Oct, 2024 12:23am
Markets Yen steadies, dollar slips as China reaches for stimulus SINGAPORE: A surging yen steadied on Monday as Japan’s incoming prime minister signalled monetary policy should... Published 30 Sep, 2024 10:08am
Markets Fed seen cutting rates another 50 bps in November The Federal Reserve is likelier than not to deliver a second 50-basis-point interest rate cut in November, traders... Published 27 Sep, 2024 06:23pm
Business & Finance SNB cuts interest rates by 25 basis points for third time this year ZURICH: The Swiss National Bank cut interest rates by 25 basis points on Thursday, its third such reduction this... Published 26 Sep, 2024 01:53pm
Markets Swiss franc rallies broadly after 25-bp SNB rate cut The Swiss franc strengthened on Thursday after the Swiss National Bank (SNB) cut its benchmark rate for a third time... Published 26 Sep, 2024 01:49pm
Markets Explaining the price-surge: all that glitters is gold in Pakistan The price of one-tola gold in Pakistan hit yet another all-time high on Tuesday to Rs273,000, breaking the previous... Published 24 Sep, 2024 04:43pm
Markets Gold drifts near record highs NEW YORK: Gold rose on Monday and lingered near record-high levels, as bullish market sentiment after the US Federal... Published 24 Sep, 2024 03:28am
Business & Finance Asian currencies slip BENGALURU: Singapore shares scaled a near 17-year peak on Monday and were among stock markets to gain in emerging... Published 24 Sep, 2024 03:28am
Business & Finance Big rate cut was ‘appropriate’ first step: Fed official WASHINGTON: The US Federal Reserve’s decision to cut interest rates by half a percentage-point was “an appropriate... Published 23 Sep, 2024 06:18pm
World Trump says Fed’s rate cut was ‘political move’ WASHINGTON: Republican presidential candidate Donald Trump said on Thursday the US Federal Reserve’s decision to... Published 21 Sep, 2024 06:43am
Markets European shares slip but set for weekly gains PARIS: European shares slipped on Friday after a rally in the previous session spurred by the US Federal Reserve’s... Published 21 Sep, 2024 06:43am
Business & Finance Asian currencies strengthen SINGAPORE: Most emerging Asian stocks and currencies were set for weekly gains on Friday, buoyed by strong risk... Published 21 Sep, 2024 06:43am
Business & Finance Bank of Japan leaves key interest rate unchanged TOKYO: The Bank of Japan left interest rates unchanged on Friday, after a decision to hike them in July pushed the... Published 20 Sep, 2024 11:43am
Markets Gold hovers near record high as traders navigate Fed’s giant rate cut Gold prices steadied near record highs on Friday and were poised for a weekly gain, as markets adjusted to the US... Published 20 Sep, 2024 10:40am
World US Fed rate cut is ‘very positive sign’ for economy: Yellen WASHINGTON: The US central bank’s decision to slash interest rates this week is a “very positive sign” for where the... Published 19 Sep, 2024 09:10pm
Business & Finance Bank of England holds rate steady after jumbo US cut LONDON: The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts... Published 19 Sep, 2024 05:19pm
Markets Sterling rises vs dollar after Fed; BoE in focus Sterling rose against a weakening dollar after the Federal Reserve cut interest rates by 50 basis points, with... Published 19 Sep, 2024 01:18pm
Markets KSE-100 retreats after briefly hitting record high of 82,000 Led by index-heavy stocks, benchmark index gains nearly 1.24% to settle at 81,459.29 Updated 19 Sep, 2024 09:00pm
Markets Dollar rebounds after Fed goes big on rate cut SINGAPORE: The US dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of... Published 19 Sep, 2024 09:58am
World Fed cuts rates by half a percentage point, cites ‘greater confidence’ about inflation Fed had held policy rate in the 5.25%-5.50% range since July of 2023 as inflation fell from a 40-year high to a level that is now approaching the central bank's target Updated 19 Sep, 2024 12:23am
Business & Finance With Fed’s rate cut at hand, debate swirls over how big a move WASHINGTON: The Federal Reserve on Wednesday will lower interest rates for the first time in more than four years as... Updated 18 Sep, 2024 08:42pm
Business & Finance US Fed set to make first rate cut since 2020 WASHINGTON: The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more... Published 18 Sep, 2024 11:48am
Markets Currencies rise, ringgit at 19-month high ahead of Fed decision Most currencies in emerging Asian markets rose on Wednesday as the dollar yielded some of its overnight gains, while... Published 18 Sep, 2024 10:29am
Satellite photos show Israel hit Iran former nuclear weapons test building, missile facilities, researchers say