Wall St up as Goldman results keep optimism alive, rising yields cap gains NEW YORK: US stock indexes rose on Tuesday as strong results from Goldman Sachs calmed worries of a substantial hit... Published 19 Oct, 2022 05:54am
Business & Finance Bank of America profit drops on loan-loss reserve build Bank of America Corp joined other big U.S. banks in reporting a 9% drop in third-quarter profit on Monday as it set... Published 17 Oct, 2022 04:39pm
Markets Asia FX broadly flat as investors brace for US inflation data Asian currencies were broadly flat as investors stuck to the sidelines ahead of highly-anticipated US inflation data... Published 13 Oct, 2022 11:54am
Markets India’s RBI likely sold dollars to support rupee MUMBAI: The Reserve Bank of India is likely selling dollars via state-run banks on Wednesday to support the rupee,... Published 12 Oct, 2022 10:30am
Markets Asian FX sell-off deepens; won rises on BOK hike Most Asian currencies slipped on Wednesday, hurt by weak global market sentiment ahead of the minutes of the most... Published 12 Oct, 2022 10:21am
Markets Dollar at 24-year peak to yen after US yields jump; sterling choppy TOKYO: The dollar scaled fresh 24-year heights on the yen on Wednesday, breaching levels that prompted intervention... Updated 12 Oct, 2022 12:28pm
Business & Finance US banks seen building $5bn in reserves as recession risks grow WASHINGTON: The six biggest US banks are expected to set aside nearly $5 billion in the third quarter to cover ... Published 12 Oct, 2022 05:46am
Markets Nasdaq falls as US export controls on China weigh on chip stocks NEW YORK: The Nasdaq hit a two-year low on Monday as chipmakers bore the brunt of US efforts to hobble China’s... Published 11 Oct, 2022 07:21am
Markets Gold pulled 1pc lower NEW YORK: Gold prices fell more than 1pc on Monday, as an elevated dollar and solidifying bets for an aggressive... Published 11 Oct, 2022 05:54am
World Evans: close alignment on rate hikes, still chance for soft landing CHICAGO: There is a strong consensus at the U.S. Federal Reserve to raise the target policy rate to around 4.5% by... Published 10 Oct, 2022 09:45pm
World Banking crisis breakthroughs win Nobel economics prize for Bernanke, Diamond, Dybvig STOCKHOLM: A trio of U.S. economists including former Federal Reserve Chair Ben Bernanke won this year's Nobel... Published 10 Oct, 2022 09:07pm
Markets Indian shares drop over 1% on US rate hike jitters BENGALURU: Indian shares fell on Monday, weighed down by a decline in automobile stocks and Asian equities that... Published 10 Oct, 2022 10:49am
Business & Finance Oil jumps 4pc to 5-week high lifted by OPEC+ output cut NEW YORK: Oil prices jumped about 4% to a five-week high on Friday, lifted again by an OPEC+ decision this week to... Updated 08 Oct, 2022 10:23am
Perspectives Pakistan's economy: walking on thin ice Dar and his team of policymakers will be treading a very thin line, as they seek to accelerate economic growth in unfavourable conditions marred with a global economic slowdown all while remaining cognizant of IMF conditions Published 07 Oct, 2022 08:24pm
Markets India’s RBI sells dollars as Indian rupee hits record low on US rate hike fears MUMBAI: The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee slid below 82 to... Published 07 Oct, 2022 12:20pm
Markets Dollar’s blistering rally to extend into next year BENGALURU: The unstoppable dollar, which is already having a banner year, is likely to extend its dominance beyond... Published 06 Oct, 2022 09:46am
Markets Nikkei ends above key 27,000 level for first time in two weeks TOKYO: Japan’s Nikkei breached a key psychological level on Wednesday, lifted by retailers, although sentiment... Published 06 Oct, 2022 05:59am
Business & Finance Dollar gains as US stocks drop NEW YORK: The dollar rebounded across the board on Wednesday as recent risk-on sentiment reversed and US stocks... Published 06 Oct, 2022 05:59am
World Fed’s Jefferson, in first remarks, calls inflation most concerning problem ATLANTA: Inflation is the most serious problem facing the U.S. Federal Reserve and “may take some time” to address,... Published 04 Oct, 2022 09:48pm
Markets Copper snaps 4-session winning streak on risk-off sentiment Copper prices snapped four sessions of gains to edge lower on Monday, as the prospects of aggressive interest rate... Published 03 Oct, 2022 11:33am
World Fed seen sticking with rate hikes as inflation stays hot Federal Reserve policymakers, who have driven U.S. borrowing costs up faster this year than at any time since the... Published 30 Sep, 2022 07:54pm
Markets Gold loses lustre NEW YORK: Gold prices slipped on Thursday as a firmer dollar took the sheen of the greenback-priced metal, with... Published 30 Sep, 2022 05:52am
World South Korean President Yoon promises to deal with economic shocks SEOUL: South Korean President Yoon Suk-yeol promised on Thursday to appropriately deal with economic shocks in one... Published 29 Sep, 2022 10:53am
Markets Wall Street ends sharply higher as Treasury yields dip Wall Street ended sharply higher on Wednesday following its recent sell-off, helped by falling Treasury yields, ... Published 29 Sep, 2022 01:11am
World Fed’s Bostic backs 75-basis-point hike in November, smaller rise in December WASHINGTON: The lack of clear progress on inflation means the Federal Reserve needs “moderately restrictive”... Published 28 Sep, 2022 08:41pm
Markets Asian currencies hit by rising global rates, recession risks Worldwide ructions in financial markets swept up Asian emerging economies, with most of their currencies down on... Published 28 Sep, 2022 01:18pm
Markets S&P 500 sinks to two-year low as bear market deepens Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 hitting a two-year intraday low as... Published 28 Sep, 2022 12:30am
Markets Fed's Evans sees interest rates at 4.25-4.5% by year end The US Federal Reserve will need to raise interest rates by at least another percentage point this year, Chicago Fed... Updated 27 Sep, 2022 04:13pm
Markets Nasdaq rises as battered growth stocks show recovery signs NEW YORK: The Nasdaq index moved higher in early session on Monday as beaten-down growth stocks tried to stage a... Published 27 Sep, 2022 04:06am
World Chicago Fed national activity index unchanged in August WASHINGTON: U.S. economic activity slowed in August as production-related measures slipped and employment indicators... Published 26 Sep, 2022 07:33pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?