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US Federal Reserve

U.S. labor market in spotlight as weekly jobless claims hit 4-month high

WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly rose last week,...

Published 20 May, 2022 10:23am

China, US lead rise in global debt to record high $305trn: IIF

NEW YORK: The world’s two largest economies borrowed the most in the first quarter as global debt rose to a record...

Published 19 May, 2022 05:29am

Business & Finance

UK inflation jumps to 40-year peak

LONDON: Britain’s annual inflation rate surged to a 40-year high last month on rocketing energy costs, official data...

Published 18 May, 2022 12:39pm

Markets

Japan’s Nikkei hits highest in nearly 2 weeks after Wall Street’s jump

TOKYO: Japan’s Nikkei rose on Wednesday to its highest in nearly two weeks, with technology heavyweights leading the...

Published 18 May, 2022 10:12am

Business & Finance

Japan 1st-quarter GDP shrank as Omicron wave hit

TOKYO: Japan’s economy shrank slightly in the first quarter of 2022, official data showed Wednesday, hit by Covid-19...

Published 18 May, 2022 09:47am

Markets

Wall Street falls as growth stocks, glum China data weigh

NEW YORK: Wall Street’s main indexes fell on Monday as downbeat China data added to worries about a global ...

Published 17 May, 2022 05:39am

Markets

Bitcoin back below $30,000; European regulators renew crypto warnings

HONG KONG: Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, ...

Updated 16 May, 2022 04:08pm

Markets

Bonfire of bitcoin: Why crypto assets are tumbling

LONDON: The lightning uptake of crypto assets like bitcoin had swelled a volatile sector to a valuation of roughly...

Published 16 May, 2022 05:42am

Markets

Wall Street Week Ahead: Signs of market bottom elude investors after step selloff

NEW YORK: Investors are studying an array of indicators for clues on how much further a brutal slide in U.S. stocks...

Published 16 May, 2022 05:42am

Markets

European stocks mark positive end to volatile week

LONDON: European shares rose on Friday, closing higher for the first time in five weeks, as a bout of bargain ...

Published 16 May, 2022 05:42am

Business & Finance

Ex-Goldman CEO says recession possibility is ‘very high risk factor’

WASHINGTON: Former Goldman Sachs CEO Lloyd Blankfein said on Sunday he believes the economy is at risk of possibly...

Published 16 May, 2022 05:42am

Business & Finance

Euro falls back towards 2017 lows on Russian energy crisis

LONDON: The euro hovered near its weakest point since early 2017 on Friday after Russian sanctions led to ...

Published 16 May, 2022 05:42am

Markets

Copper under pressure from recession fears

LONDON: Copper prices fell on Friday and were on track for their sixth straight week of losses on mounting fears ...

Published 14 May, 2022 04:05am

Markets

Indian shares hit two month-low

BENGALURU: Indian shares on Wednesday fell to their lowest in two months, extending losses for a fourth straight...

Published 12 May, 2022 05:40am

Business & Finance

ECB signals rate hike as soon as July to combat inflation

FRANKFURT: European Central Bank chief Christine Lagarde hinted Wednesday at a first interest rate hike in July to...

Published 12 May, 2022 05:40am

Business & Finance

Bruised pound nurses losses at two-year low with outlook bearish

LONDON: Britain’s battered pound fell to its lowest level since June 2020 against the dollar for a third straight...

Published 10 May, 2022 05:10am

World

Fed’s Bostic says can do ‘maybe two, maybe three’ half point hikes, then assess

WASHINGTON: The U.S. Federal Reserve can stick to half point interest rate hikes for the next two to three meetings...

Published 09 May, 2022 06:22pm

Markets

Wall St Week Ahead: Battered US stocks may not be bargains as investors brace for inflation data

NEW YORK: US stocks’ tumble this year is putting an increased focus on equity valuations, as investors assess...

Published 09 May, 2022 05:39am

Business & Finance

Brazil real tumbles, Chilean peso supported by rate rise

BRASILLIA: The Brazilian real slid more than 1% on Friday, heading for its third weekly decline after prices of iron...

Published 09 May, 2022 05:39am

Business & Finance

S Africa’s rand firms after mixed US jobs data

JOHANNESBURG: South Africa’s rand firmed a tad on Friday as the dollar fell after a mixed bag of signals from US...

Published 09 May, 2022 05:39am

Markets

US MIDDAY: Gold retreats

NEW YORK: Gold prices fell on Thursday, giving up some gains from a more than 1% rise, as a bounce in the dollar...