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
Markets Dollar holds near 7-month high vs yen on policy split; Swedish crown record low LONDON: The U.S. dollar touched a more than seven-month high against the Japanese yen on Thursday after their... Published 29 Jun, 2023 05:41pm
Business & Finance We are still monitoring the banks' situation very carefully: Fed's Powell MADRID: The US Federal Reserve is still monitoring the situation in the banking industry “very carefully” to address... Updated 30 Jun, 2023 10:05am
Business & Finance All major US banks pass Fed’s annual stress test WASHINGTON: All major banks in the United States have passed the Federal Reserve’s annual stress test, designed to... Updated 29 Jun, 2023 03:22pm
Markets Hong Kong, Shanghai stocks finish higher HONG KONG: Shares in Hong Kong and Shanghai ended with healthy gains Tuesday on fresh hopes for measures to boost... Updated 27 Jun, 2023 03:10pm
Markets Philippines central bank chief: very hard to ease policy if Fed raising rates MANILA: The Philippines’ central bank might find it very hard to ease monetary policy via interest rate cuts while... Published 27 Jun, 2023 09:32am
Business & Finance Restoring price stability is critical goal right now: Fed’s Williams NEW YORK: Federal Reserve Bank of New York President John Williams played down the linkage between monetary policy... Published 26 Jun, 2023 08:41pm
Markets Oil markets shrug off Russian political turmoil LONDON: Oil prices were steady on Monday, with political instability from an aborted revolt by Russian mercenaries... Updated 26 Jun, 2023 07:14pm
Business & Finance Dollar higher against euro NEW YORK: The dollar was higher against the euro on Friday after data showed US business activity growth slowed in... Published 26 Jun, 2023 06:38am
Business & Finance US Fed official says more rate hikes necessary WASHINGTON: A senior US Federal Reserve official said Thursday that additional interest rate hikes are needed to... Published 23 Jun, 2023 06:00am
World US Federal Reserve chair says additional rate hikes likely WASHINGTON: Federal Reserve Chair Jerome Powell said Wednesday that additional US interest rate hikes will likely be... Published 21 Jun, 2023 05:42pm
Markets European shares posts best week in 2 months PARIS: European shares closed at a three-week high on Friday, underpinned by luxury and defensive stocks at the end... Published 19 Jun, 2023 06:55am
Markets Asia shares near 4-month peak, yen falls as BOJ maintains policy SINGAPORE: Asian shares rose to a four-month high on Friday as US economic data stoked expectations that the Federal... Published 16 Jun, 2023 10:00am
Markets Oil heads for weekly gain as supply cuts balance demand concerns NEW YORK: Oil edged higher on Friday and was on course for a weekly gain, as higher Chinese demand and OPEC+ supply... Updated 16 Jun, 2023 08:28pm
Markets Wall Street rallies as yields slip after economic data NEW YORK: The main US stock indexes touched multi-month highs on Thursday as Treasury yields slid after a slew of... Published 16 Jun, 2023 07:23am
Business & Finance ECB raises rates to 22-year high even as economy stutters FRANKFURT: The European Central Bank raised borrowing costs to their highest level in 22 years on Thursday and left... Published 16 Jun, 2023 06:27am
Markets Japan govt says volatile forex market ‘undesirable’ TOKYO: Japan’s top government spokesperson said on Thursday that volatile moves in the currency markets were... Published 15 Jun, 2023 10:02am
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
Markets Fed holds rates steady, sees two small hikes by end of year WASHINGTON: The Federal Reserve kept interest rates unchanged on Wednesday but signaled in new economic projections... Published 14 Jun, 2023 11:26pm
Markets Fed poised to punt rate hike into the summer wind WASHINGTON: The Federal Reserve is expected to leave interest rates unchanged on Wednesday for the first time since... Published 14 Jun, 2023 01:30pm
Markets Qatar, Dubai bourses rise on Fed rate pause optimism DUBAI: Stock markets in Dubai and Qatar ended higher on Tuesday ahead of a widely expected interest rate pause by ... Published 14 Jun, 2023 06:21am
Markets Gold holds steady as US inflation data, Fed verdict loom Gold was steady on Tuesday, although prices moved in a tight range as traders awaited US inflation data due later in... Published 13 Jun, 2023 11:06am
Markets Dollar dips ahead of US inflation data, central bank meetings SINGAPORE: The dollar edged broadly lower on Tuesday but traded in a narrow range, as investors remained cautious... Published 13 Jun, 2023 09:51am
Markets Oil prices rise on bargain hunting as demand worries weigh LONDON: Oil prices rose on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s... Updated 13 Jun, 2023 07:24pm
Markets New Zealand shares hit over two-month trough; Fed rate decision in focus New Zealand shares fell for a fourth straight session to finish at an over two-month low as caution prevailed ahead... Updated 12 Jun, 2023 12:58pm
Print Divided Fed expected to rally around a US interest rate pause WASHINGTON: The US Federal Reserve is widely expected to pause its campaign of interest rate increases on Wednesday... Updated 12 Jun, 2023 08:40am
Markets Asian FX slips on higher US Treasury yields; Fed verdict eyed Most Asian currencies weakened on Thursday, with the dollar underpinned by higher US Treasury yields as fears... Published 08 Jun, 2023 10:29am