Yen eyes first monthly gain since March; dollar headed for monthly loss SINGAPORE: The yen edged steadily higher on Monday following a volatile session at the end of last week after the... Published 31 Jul, 2023 09:33am
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 Bank of England set to raise rates to 5.25% as high inflation persists LONDON: The Bank of England looks likely to raise rates by a quarter-point to 5.25% on Aug. 3, though economists and... Published 28 Jul, 2023 11:01am
Markets Oil dips but on track for fifth week of gains NEW YORK: Oil prices edged lower on Friday, but were on track for a fifth straight week of gains as investors were... Updated 28 Jul, 2023 09:34pm
Markets Back-to-back gains: rupee settles at 286.45 against US dollar Currency appreciates 0.21% in inter-bank market Updated 27 Jul, 2023 08:56pm
Markets China’s yuan touches 2-week high after Fed rate decision SHANGHAI/SINGAPORE: China’s yuan strengthened to a two-week high against the dollar on Thursday, underpinned by... Published 27 Jul, 2023 10:03am
Markets Indian bond yields ease as Fed’s latest hike seen as last MUMBAI: Indian government bond yields were lower in early session on Thursday, tracking U.S peers on rising bets... Published 27 Jul, 2023 09:44am
Markets Fed raises interest rates, leaves door open to another increase WASHINGTON: The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still... Published 26 Jul, 2023 11:36pm
Markets Most Asian currencies slip ahead of likely Fed hike The Taiwan dollar and Thai baht led losses among weak Asian currencies on Monday, as investors braced for the US... Published 24 Jul, 2023 11:44am
Markets China’s yuan eases ahead of Politburo and global central bank meetings SHANGHAI/SINGAPORE: China’s yuan eased against the dollar on Monday, as corporate demand for the greenback offset a... Published 24 Jul, 2023 11:37am
Markets Indian bond yields seen largely unchanged as market awaits Fed policy MUMBAI: Indian government bond yields are likely to trend largely unchanged in the early session on Monday, with... Published 24 Jul, 2023 10:09am
Markets Gold prices range-bound as traders focus on central bank decisions Gold prices were little changed on Monday as investors awaited a US Federal Reserve meeting this week where the... Published 24 Jul, 2023 09:57am
Markets After a pause, US Fed likely to hike interest rates to 22-year high WASHINGTON: After pausing in June, the US Federal Reserve is widely expected to hike interest rates again on... Updated 23 Jul, 2023 12:00pm
Business & Finance US Fed plays catch-up with new instant payments system WASHINGTON: The Federal Reserve launched its long-awaited instant payments system on Thursday, bringing the United... Published 20 Jul, 2023 07:50pm
Markets Fed set to launch long-awaited instant payments service, modernizing system The US Federal Reserve is due to imminently launch a long-awaited service which will aim to modernize the country’s... Published 20 Jul, 2023 09:47am
Markets Gold stalls near 8-week highs on Fed pause hopes NEW YORK: Gold prices hovered near an eight-week peak on Wednesday after recent economic data re-ignited hopes that... Published 20 Jul, 2023 03:12am
Business & Finance Dollar steadies after biggest weekly loss this year NEW YORK: The dollar edged higher against a basket of currencies on Monday after last week suffering its largest... Published 18 Jul, 2023 05:51am
Business & Finance JPMorgan, Wells Fargo prepare for losses on office loans NEW YORK: JPMorgan Chase and Wells Fargo said on Friday they set aside more money for expected losses from ... Published 17 Jul, 2023 03:47am
Business & Finance US economic activity rose slightly in recent weeks, Fed survey WASHINGTON: US economic activity increased slightly in recent weeks, with slow growth seen continuing in coming... Published 17 Jul, 2023 03:47am
Business & Finance US small business lending holding up NEW YORK: US small businesses are paying the most for loans in 16 years as borrowing costs have skyrocketed under ... Published 14 Jul, 2023 06:22am
Markets Australian shares higher SYDNEY: Australian shares closed more than 1% higher on Tuesday, marking their best day since early January, led by ... Published 13 Jul, 2023 04:50am
Markets Oil prices rise as mild US inflation data calms fear of Fed rate hike Oil prices rose on Wednesday, with benchmark Brent futures breaching $80 a barrel for the first time since May, ... Published 12 Jul, 2023 11:22pm
Markets Oil prices gain on weaker US dollar NEW YORK: Oil prices jumped about 2% to a 10-week high on Tuesday, boosted by a falling US dollar, hopes for higher... Published 12 Jul, 2023 06:39am
Business & Finance Dollar tumbles LONDON/NEW YORK: The dollar dropped to a two-month low against a major currency index, after Federal Reserve... Published 12 Jul, 2023 06:39am
Markets US banking giants to report higher profits even as dealmaking drags NEW YORK: Wall Street banks are expected to report higher profits for the second quarter as rising interest payments... Published 11 Jul, 2023 03:50pm
Markets Dollar slips as Fed hike cycle nears end; focus on US inflation SINGAPORE: The dollar weakened on Tuesday after Federal Reserve officials signalled that the central bank was... Published 11 Jul, 2023 09:37am
Markets Oil prices up 2% to 10-week high on weaker US dollar, rising demand forecasts NEW YORK: Oil prices jumped about 2% to a 10-week high on Tuesday, boosted by a falling U.S. dollar, hopes for... Updated 11 Jul, 2023 09:52pm
World Fed’s Barr lays out plan to order more capital for large US banks WASHINGTON: The Federal Reserve’s top regulatory official laid out a sweeping plan to increase capital requirements... Published 10 Jul, 2023 08:20pm
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 Oil heads for fourth straight quarterly decline LONDON: Oil prices declined towards $74 a barrel on Friday and were on course for a fourth consecutive quarter of... Updated 30 Jun, 2023 05:28pm
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