Yuan set for second weekly loss SHANGHAI: China’s yuan was set for a second straight weekly loss on Friday as the dollar was buoyed by safe-haven... Published 29 Aug, 2022 05:44am
Business & Finance Sterling set for weekly loss LONDON: The British pound fell on Friday, on track for a weekly loss after a hawkish speech by US Federal Reserve... Published 29 Aug, 2022 05:44am
Markets Copper retreats from 8-week high LONDON: Copper prices pulled back on Friday after touching their highest in nearly two months after the head of the... Published 28 Aug, 2022 06:10am
Markets 0.5pc VLSFO premium dips SINGAPORE: Asia’s cash premium for very low sulphur fuel oil (VLSFO) fell to the lowest in nine months on Friday ... Published 28 Aug, 2022 06:10am
Markets Oil prices rise on signals Opec might cut output NEW YORK: Oil prices ended higher on Friday, boosted by signals from Saudi Arabia that OPEC could cut output, but... Published 28 Aug, 2022 06:10am
Business & Finance Central banks will fail to tame inflation without better fiscal policy, study says JACKSON HOLE: Central banks will fail to control inflation and could even push price growth higher unless... Published 27 Aug, 2022 07:32pm
World Taming inflation will inflict ‘pain’ on Americans: Fed JACKSON HOLE, Wyo: Americans are headed for a painful period of slow economic growth and possibly rising joblessness... Published 27 Aug, 2022 05:49am
World Fed's Powell sees inflation battle lasting 'some time,' warns of economic pain JACKSON HOLE: The U.S. economy will need tight monetary policy "for some time" before inflation is under control,... Published 26 Aug, 2022 10:39pm
Markets Gold firms as dollar eases in run up to Jackson Hole NEW YORK: Gold eked out small gains on Thursday as the dollar backed off from recent peaks, while caution in the run... Published 26 Aug, 2022 05:35am
World Fed officials say no call yet on 50 vs 75 bps rate hike in September JACKSON: U.S. Federal Reserve officials on Thursday were noncommittal about the size of the interest rate increase... Published 25 Aug, 2022 07:02pm
Markets Indian shares rise on tech gains BENGALURU: Indian shares opened higher on Thursday, supported by a mild rebound in the tech sector, while investors... Published 25 Aug, 2022 09:29am
Markets Wall Street advances, with all eyes on Jackson Hole NEW YORK: Wall Street rose modestly on Wednesday, supported by gains in Salesforce and Intuit while investors ... Published 25 Aug, 2022 07:27am
Business & Finance Dollar gains, Fed’s Powell expected to remain hawkish NEW YORK: The dollar gained against a basket of currencies on Wednesday, holding near a 20-year high as investors... Published 25 Aug, 2022 06:08am
Markets ECB’s Rehn sees several benefits to possible digital euro HELSINKI: A possible digital euro currency, which the European Central Bank is studying, could have several benefits... Published 24 Aug, 2022 01:46pm
Markets Global stocks fall as investors eye US Fed outlook LONDON: Asian and European equities fell Wednesday as investors awaited news on the next US interest rate... Updated 24 Aug, 2022 04:35pm
Markets Australian shares snap two days of losses aided by resources stocks Australian shares snapped their two-day losing streak on Wednesday, aided by soaring mining and energy stocks, while... Updated 24 Aug, 2022 01:43pm
Editorials A nimble MPS? EDITORIAL: The Monetary Policy Statement (MPS) announced on 22 August 2022, as expected, kept the policy rate... Published 24 Aug, 2022 05:08am
Business & Finance Indian rupee at 4-week low MUMBAI: The Indian rupee hit a four-week low on Monday as the dollar continued its rally on the US Federal... Published 23 Aug, 2022 05:56am
Markets Nasdaq slumps more than 2pc on fears of aggressive Fed NEW YORK: Wall Street’s main indexes tumbled on Monday in a dour start to the week as investors worried about... Published 23 Aug, 2022 05:56am
World Take Five: Taking in the vistas from Jackson Hole Jackson Hole, Wyoming, is the focal point for markets in the coming week as investors zero in on the Federal... Published 20 Aug, 2022 06:00pm
Opinion India’s weak rupee finds reprieve A six-month exodus of foreign investors from India’s bond markets seems to have ended this month, giving the... Published 20 Aug, 2022 03:41am
World Fed has ‘a lot of time’ before next rate decision needs to be made, Barkin says OCEAN CITY: U.S. central bank officials have “a lot of time still” before they need to decide how large an interest... Published 19 Aug, 2022 09:18pm
Markets Wheat falls on weak US demand, Ukraine grain shipments CHICAGO: Chicago wheat futures slid for a fifth session on Thursday, pressured by soft export sales, a stronger... Published 19 Aug, 2022 05:57am
Business & Finance Fed says more US rate hikes coming, pace will slow ‘at some point’ WASHINGTON: US central bankers remain committed to raising interest rates further to quell rising prices, but agreed... Published 19 Aug, 2022 05:57am
World Fed officials united on need to hike rates, divided over how high to go The Federal Reserve needs to keep raising borrowing costs to bring high inflation under control, a string of U.S.... Published 18 Aug, 2022 11:55pm
World US existing home sales fall for sixth straight month; prices remain elevated WASHINGTON: US existing home sales fell to a fresh two-year low in July, further evidence that the Federal Reserve’s... Published 18 Aug, 2022 07:37pm
World Fed minutes may point to rationale for size of future rate hikes WASHINGTON: Federal Reserve officials are adamant they will keep raising interest rates until high inflation is... Published 17 Aug, 2022 08:06pm
Markets Major currencies hold steady ahead of Fed minutes, RBNZ HONG KONG: Major currencies were holding steady on Wednesday, ahead of another day when central bank policy takes... Published 17 Aug, 2022 10:07am
Markets S&P 500 near unchanged; Walmart and other retailers gain NEW YORK: The S&P 500 was near flat in late trading on Tuesday as Walmart and Home Depot gained following... Published 17 Aug, 2022 07:02am
Business & Finance Latam FX rise, set for weekly gains BUENOS AIRES: Latin American currencies rose on Friday, and were on course to log weekly gains as easing worries... Published 15 Aug, 2022 05:41am