Wall Street giants move to rescue First Republic Bank NEW YORK: America’s largest banks moved Thursday to shore up First Republic, easing fears that the regional lender... Published 17 Mar, 2023 11:34am
Markets Indian bond yields track US peers higher as Fed rate hike bets rise MUMBAI: Indian government bond yields rose in the early session on Friday, mirroring a similar move in US yields, as... Published 17 Mar, 2023 10:55am
Print Yellen says US banking system sound despite turmoil WASHINGTON: The US banking system remains sound despite market anxiety over the collapse of Silicon Valley Bank ... Updated 17 Mar, 2023 09:15am
Markets Euro rises, dollar falls after ECB rate decision NEW YORK: The dollar fell and the euro rose on Thursday after the European Central Bank raised interest rates as... Published 17 Mar, 2023 06:16am
Business & Finance US banking system ‘remains sound’: Yellen WASHINGTON: The US banking system “remains sound” despite market anxiety over the collapse of Silicon Valley Bank... Published 16 Mar, 2023 05:07pm
World Futures price toss up on likelihood of Fed rate hike next week Traders of futures tied to the Federal Reserve’s policy rate have dialed back their bets the U.S. central bank will... Published 15 Mar, 2023 06:59pm
Markets SVB caretaker urges depositors to come back NEW YORK: The head of Silicon Valley Bridge Bank, created by US regulators to succeed Silicon Valley Bank after it... Updated 15 Mar, 2023 06:17pm
Markets Oil declines to 9-week low on inflation worries NEW YORK: Oil prices dropped about 3% to a nine-week low on Tuesday after a US inflation report and the recent US... Published 15 Mar, 2023 06:01am
Markets Dollar sags as US banks’ collapse have markets wagering on no Fed hike SINGAPORE: The dollar languished near a multi-week low on Tuesday as fears of a broader systemic crisis following... Published 14 Mar, 2023 10:18am
Markets Wall St rises in choppy trade as markets weigh bank contagion risks NEW YORK: US stock indexes rose in choppy trading on Monday as investors weighed a possible pause in interest rate... Published 14 Mar, 2023 03:18am
Markets Indian shares hit 5-month low on sell-off in financial stocks BENGALURU: Indian shares fell to a five-month low on Monday, dragged by a sell-off in financial stocks, as the... Published 14 Mar, 2023 03:18am
Markets Gold, silver soar as SVB disaster spurs flight to safety NEW YORK: Gold and silver prices surged on Monday, as their safe-haven appeal drew in investors spooked by the... Published 14 Mar, 2023 03:18am
Markets Thai baht climbs as Asian currencies gain on weak US dollar The Thai baht rose sharply on Monday, leading strengthening Asian emerging currencies as the US dollar slid amid the... Published 13 Mar, 2023 10:18am
Markets US Federal Reserve governors to hold closed-door Monday The US Federal Reserve said it will hold a closed-door meeting of its board of governors under expedited procedures... Published 12 Mar, 2023 01:00pm
Markets Japanese rubber futures fall SINGAPORE: Japanese rubber futures fell first weekly drop in three, as traders assessed a slowing growth rate in... Published 12 Mar, 2023 05:55am
World Fed seen on shallower rate path as wage gains cool The Federal Reserve may have less reason to raise interest rates as sharply or as high as earlier thought after a... Published 10 Mar, 2023 09:52pm
World Slower, but still solid US job growth expected in February WASHINGTON: US job growth likely slowed to a still-solid pace in February, with the unemployment rate expected to... Published 10 Mar, 2023 12:43pm
Opinion Understanding austerity There is a general confusion in Pakistan, whereby austerity policies are taken as belt-tightening in terms of... Published 10 Mar, 2023 03:46am
World US job cuts over Jan-Feb hit highest since 2009: report Layoffs by US companies over January and February touched the highest since 2009, with the tech sector accounting... Published 09 Mar, 2023 05:48pm
Opinion Has US shot the dollar in the foot? Who could’ve known that one of the unintended consequences of the Ukraine war would be the first signs of a shift... Published 09 Mar, 2023 06:23am
World US Fed warns of 'widespread' inflationary pressures WASHINGTON: The Federal Reserve warned Wednesday that the United States still faces "widespread" inflationary... Published 09 Mar, 2023 01:24am
World Fed’s Powell: No call made yet on size of March rate rise NEW YORK: Federal Reserve Chair Jerome Powell said Wednesday that officials have not yet made a call on the size of... Published 08 Mar, 2023 09:51pm
Business & Finance Dollar jumps NEW YORK: The dollar extended gains against a basket of currencies on Tuesday after Federal Reserve Chair Jerome... Published 08 Mar, 2023 06:20am
Markets Oil falls 3pc NEW YORK: Oil prices fell by more than $2 a barrel on Tuesday after comments from US Federal Reserve Chair Jerome... Published 08 Mar, 2023 06:20am
World US prepared to return to bigger rate hikes if strong data persists: Powell WASHINGTON: The United States is prepared to increase the pace of interest rate hikes if strong economic data... Published 07 Mar, 2023 11:37pm
World Hawkish Powell puts 50 bp Fed rate hikes back on table NEW YORK: The Federal Reserve will likely need to raise interest rates more than expected in response to recent... Published 07 Mar, 2023 08:38pm
Opinion Sharp drop in equity premium may mark return of 60/40 portfolio The reward for holding US stocks over Treasury bonds has not been this unattractive since 2004, possibly setting the... Published 04 Mar, 2023 06:39am
Markets Fed official warns of more rate hikes on ‘too hot’ data WASHINGTON: The US Federal Reserve may have to raise interest rates to a higher level than earlier anticipated if... Published 03 Mar, 2023 12:01pm
Markets Australian shares edge higher as miners and banks advance Australian shares inched higher on Friday, helped by gains in miners and financials, as signals of a measured... Published 03 Mar, 2023 10:39am
Markets Oil prices slump after report on UAE debating OPEC exit LONDON: Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates had an... Updated 03 Mar, 2023 07:54pm