Iraq’s currency in flux as foreign transfers come under scrutiny Iraq’s local currency has been on a two-month rollercoaster ride following a tightening of procedures for... Published 16 Jan, 2023 06:56am
Business & Finance BofA profit beats estimates as higher rates bolster interest income Bank of America Corp reported a bigger-than-expected fourth-quarter profit on Friday, helped by a surge in net... Published 13 Jan, 2023 06:36pm
Business & Finance Full brunt of financial tightening yet to materialize: IMF IMF chief Kristalina Georgieva says central banks have some way to go in their inflation battle Updated 13 Jan, 2023 09:29pm
Markets Dollar wobbles after US inflation data, yen on the rise SINGAPORE: The dollar swayed on Friday as cooling US inflation raised hopes of the Federal Reserve slowing the pace... Published 13 Jan, 2023 10:46am
Business & Finance Dollar falls to nearly 9-month low vs euro NEW YORK: The US dollar tumbled to a nearly 9-month low against the euro on Thursday after US inflation data... Published 13 Jan, 2023 06:05am
World Fed seen stopping rate hikes shy of 5% as inflation slows Easing inflation will allow the Federal Reserve to deliver just a quarter-point rise in interest rates at its next... Published 12 Jan, 2023 08:12pm
Markets Asian markets rise on optimism ahead of US inflation data HONG KONG: Asian markets rose Thursday as traders grew confident ahead of data later in the day that is expected to... Published 12 Jan, 2023 10:44am
Business & Finance Dollar, euro rangebound NEW YORK: The dollar was little changed on Wednesday versus the euro and other major currencies as traders held off... Published 12 Jan, 2023 07:06am
Markets Indian shares fall BENGALURU: Indian shares closed lower on Tuesday, as risk-aversion gripped broader equities over hawkish comments... Published 11 Jan, 2023 05:53am
Markets China stocks wobble amid doubts around sustainability of rally SHANGHAI: China stocks on Tuesday snapped a six-session winning streak, as some investors booked profits on doubts... Published 11 Jan, 2023 05:53am
Markets Fed official sees chance to lower inflation without major downturn WASHINGTON: US unemployment has stayed low despite rising interest rates and easing inflation, representing a... Published 10 Jan, 2023 11:15pm
Markets Gold accelerates to 8-month peak on dollar pullback Gold prices extended gains to an eight-month high on Monday as a weaker dollar made greenback-priced bullion cheaper... Published 09 Jan, 2023 01:13pm
Markets Australian shares cheer US Fed minutes favouring slower rate-hike pace Australian shares rose on Thursday after minutes from the US Federal Reserve’s latest policy meeting showed that... Published 05 Jan, 2023 11:46am
Markets Hawkish Fed rhetoric fails to lift dollar; Aussie jumps SINGAPORE: The dollar struggled to advance on Thursday even though Federal Reserve policymakers reiterated their... Published 05 Jan, 2023 10:55am
Business & Finance US inflation has not ‘turned the corner yet’, IMF official warns Inflation in the United States has not “turned the corner yet” and it is too early for the Federal Reserve to... Published 05 Jan, 2023 10:32am
Markets Copper hits two-month low as demand fears emerge LONDON: Copper prices slipped to two-month lows on Wednesday as the market focused on slowing economic growth and... Published 05 Jan, 2023 05:58am
Business & Finance US dollar dips before Fed minutes, Aussie jumps NEW YORK: The US dollar dipped on Wednesday before the Federal Reserve will release minutes from its December... Published 05 Jan, 2023 05:58am
Business & Finance US job openings remain elevated; manufacturing slump continues WASHINGTON: US job openings fell less than expected in November as the labor market remains tight, which could see... Published 05 Jan, 2023 05:58am
Markets Fed wants 'flexibility' on rates as inflation remains key focus, minutes show WASHINGTON: All officials at the Federal Reserve's Dec. 13-14 policy meeting agreed the U.S. central bank should ... Published 05 Jan, 2023 12:55am
Markets Indian rupee likely to edge higher on oil price tumble MUMBAI: The Indian rupee is expected to open higher against the dollar on Wednesday after oil prices plunged by the... Published 04 Jan, 2023 11:19am
Business & Finance Dollar jumps before Fed minutes, euro dips NEW YORK: The greenback jumped on Tuesday before the Federal Reserve on Wednesday is to release minutes from its... Published 04 Jan, 2023 06:02am
Markets Copper set for first yearly fall since 2018 on slowdown woes BENGALURU: Copper edged up on Friday, but was heading for its first yearly decline since 2018 as an overall stronger... Published 03 Jan, 2023 03:25am
Business & Finance Market misery deals sovereign wealth funds historic setback in 2022 LONDON: Heavy falls in stock and bond markets over the last year have cut the combined value of the world’s... Published 01 Jan, 2023 12:49pm
World New Fed research flags rising risk of US recession NEW YORK: Just over half of the 50 US states are exhibiting signs of slowing economic activity, breaching a key... Published 30 Dec, 2022 11:13pm
Markets European shares close higher as tech stocks lead gains PARIS: European shares closed higher on Thursday, with technology stocks leading gains, buoyed by Wall Street cheer... Published 30 Dec, 2022 05:50am
Markets Gold prices rise as China relaxes Covid curbs NEW YORK: Gold prices firmed above the key psychological threshold of $1,800 on Tuesday, following China’s ... Published 28 Dec, 2022 04:12am
Markets Tokyo shares close lower TOKYO: Tokyo shares closed lower on Friday, after Wall Street stocks tumbled, with more positive economic data... Published 26 Dec, 2022 05:48am
Markets China stocks close lower as Covid woes weigh SHANGHAI: China stocks ended lower on Friday, as soaring COVID cases disrupted economic activity and dented investor... Published 26 Dec, 2022 05:48am
Opinion US stock investors face recession fears as they bid good riddance to 2022 A rough year for US stocks is winding down, but the market’s pain may be far from over, as investors brace for an... Published 24 Dec, 2022 05:50am