Wall St shoots up as cooling inflation spurs hopes of smaller rate hikes The tech-heavy Nasdaq led a rally on Wall Street's main indexes on Thursday as signs of cooling consumer prices in... Published 10 Nov, 2022 11:35pm
World Fed’s Harker says time coming where Fed can slow rate hikes NEW YORK: Federal Reserve Bank of Philadelphia leader Patrick Harker said Thursday that the U.S. central bank is... Published 10 Nov, 2022 08:52pm
Markets Wall Street inches higher as investors brace for midterms, Meta jumps NEW YORK: US stock indexes edged higher in choppy trading on Monday, with focus shifting to Tuesday’s midterm... Published 08 Nov, 2022 05:56am
Markets Oil settles up as further interest rate hikes loom LODON/MELBOURNE/SINGAPORE: Oil prices settled up by more than 5% on Friday amid uncertainty around future interest... Published 06 Nov, 2022 03:44am
World Fed’s Collins says policy entering new phase, open to smaller rate hikes Boston Federal Reserve President Susan Collins said on Friday that while she supports pressing forward with interest... Published 04 Nov, 2022 08:37pm
Markets Fed and BoE dismantle sterling rate support LONDON: The US Federal Reserve and the Bank of England sent two very clear signals to financial markets this week -... Published 04 Nov, 2022 11:32am
Markets Oil slips 1pc as Fed rate hike raises fuel demand concerns NEW YORK: Oil slid about 1% on Thursday as an increase in US interest rates pushed up the dollar and heightened ... Published 04 Nov, 2022 05:56am
Markets Wall St slides as Fed signals more interest rate hikes Wall Street's main indexes were on track to extend losses for a fourth straight session on Thursday as investors... Published 03 Nov, 2022 11:45pm
World US service sector slows in October; price pressures build up WASHINGTON: The US services industry grew at its slowest pace in nearly 2-1/2 years in October, but businesses... Published 03 Nov, 2022 07:36pm
Markets Indian shares muted as IT offsets banks BENGALURU: Indian shares were muted on Thursday, as IT losses offset gains in bank stocks, with investors seemingly... Published 03 Nov, 2022 11:28am
Markets Australian shares dive on hawkish Fed; Perpetual soars on rejecting buyout bid Australian shares fell on Thursday, tracking overnight Wall Street losses, after hawkish messaging from the US... Published 03 Nov, 2022 09:06am
Markets European shares lose steam on caution ahead of Fed move BENGALURU: European shares gave up early gains and closed lower on Wednesday as investors exercised some caution... Published 03 Nov, 2022 05:50am
Business & Finance Fed delivers big rate hike WASHINGTON: The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it... Updated 03 Nov, 2022 09:41am
Markets Stocks mostly up, dollar drops vs yen, yields fall following Fed decision NEW YORK: US stocks were mostly higher in choppy trading while the dollar fell against the Japanese yen on Wednesday... Published 03 Nov, 2022 12:22am
Markets Fed poised for further US rate hike as political pressure mounts WASHINGTON: US central bankers are expected to announce another steep interest rate hike Wednesday as they try to... Published 02 Nov, 2022 03:27pm
Markets Indian rupee likely flat as traders eye Fed interest rate outlook MUMBAI: The Indian rupee is expected to open little changed to the dollar on Wednesday as traders look for the US... Published 02 Nov, 2022 09:36am
Markets Asian FX, stocks inch higher ahead of Fed rate decision Most Asian currencies and stocks rose on Tuesday despite mild overnight losses on Wall Street, as investors awaited... Published 01 Nov, 2022 12:15pm
Markets Hong Kong stocks surge on China zero-Covid rumours HONG KONG: Hong Kong stocks rallied more than five percent Tuesday after a post on social media suggested Chinese... Updated 01 Nov, 2022 01:52pm
Business & Finance Indian rupee falls MUMBAI: The Indian rupee has declined in each of the ten months this year to notch its biggest losing streak in... Published 01 Nov, 2022 05:55am
Business & Finance Japan govt spent $43bn to bolster yen in October TOKYO: Japan’s finance ministry said Monday it spent $43 billion in October to bolster the value of the yen, which... Published 01 Nov, 2022 05:55am
Markets Most major Gulf bourses slip on weaker oil prices Major stock markets in the Gulf fell in early trade on Monday, dragged lower by falling oil prices, while market... Published 31 Oct, 2022 02:52pm
Markets Asian FX drag as US dollar firms on hawkish Fed bets Asian currencies weakened on Monday as the greenback firmed after investors quashed hopes of a pivot on policy... Published 31 Oct, 2022 12:00pm
Markets Dollar climbs ahead of busy week for central banks LONDON: The dollar advanced on Monday, regaining some ground lost earlier in the month, at the start of a week... Updated 31 Oct, 2022 02:46pm
Print Fed set for further steep rate hike as recession fears loom WASHINGTON: The US Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week... Updated 31 Oct, 2022 10:27am
Business & Finance Indian rupee posts weekly rise MUMBAI: The Indian rupee was little changed against the dollar on Friday, but posted a weekly rise on bets that the... Published 31 Oct, 2022 05:55am
Markets Saudi Shares fall DUBAI: Saudi Arabian shares extended losses on Sunday, weakened by disappointing corporate earnings, volatile energy... Published 31 Oct, 2022 05:55am
Markets Gold down as dollar, yields rise on Fed rate-hike bets NEW YORK: Gold fell more than 1% on Friday as the dollar and bond yields climbed after data showed underlying... Published 30 Oct, 2022 03:57am
Markets Fed may be alert to favoured yield curve alarm LONDON: If the US Federal Reserve tends to tighten hard until something breaks, as some investors still believe... Published 28 Oct, 2022 11:21am
Markets Asian markets slip as rate hopes are offset by big tech sell-off HONG KONG: Most markets fell Friday as a weakening economy and disappointing earnings from tech giants offset signs... Published 28 Oct, 2022 10:49am
Markets Australia, NZ dollars enjoy respite in risk-on rally, bonds sell-off on hot inflation SYDNEY: The Australian and New Zealand dollars held onto most of its overnight gains on Wednesday as soft US data... Published 26 Oct, 2022 09:52am