Oil slides 2pc to 12-week low on fears of global recession NEW YORK: Oil prices slid about 2 percent to a 12-week low in volatile trade on Wednesday, extending the prior... Published 07 Jul, 2022 05:35am
World U.S. labor market still tight as job openings remain elevated WASHINGTON: U.S. job openings fell less than expected in May, pointing to a still tight labor market that could keep... Published 06 Jul, 2022 08:31pm
Markets Gold slips as interest rate expectations sap appeal LONDON: Gold fell on Monday as prospects of higher interest rates dimmed appeal for the non-yielding asset, but a... Published 05 Jul, 2022 05:19am
Markets Gulf bourses end mixed; Egypt hits lowest in over 2 years DUBAI: Stock markets in the Gulf ended mixed on Sunday, with the Saudi index extending losses as investors fret that... Published 04 Jul, 2022 06:17am
Business & Finance US Treasury yields plunge as market prices lower inflation NEW YORK: US Treasury yields tumbled on Friday and the benchmark 10-year note fell the most since COVID-19 roiled... Published 04 Jul, 2022 06:17am
Markets Wall St Week Ahead-Investors brace for pivotal July after dismal first half NEW YORK: The US stock market is reeling from its worst first half of any year since 1970, with investors girding... Published 03 Jul, 2022 07:41pm
Business & Finance Nordic central banks join the 50 bps rate hike club LONDON: Norway and Sweden have joined the ranks of central banks opting for 50 basis-point interest rate rises,... Published 01 Jul, 2022 07:05pm
Markets Most Gulf indexes fall on fears of sharp economic slowdown DUBAI: Most stock markets in the Gulf ended lower on Thursday, as central banks’ aggressive rate-hike approach to... Published 01 Jul, 2022 06:13am
Markets European stocks fall as hawkish c bank bets fan recession fears LONDON: European shares fell on Wednesday, as fears about a global recession deepened after chiefs of the European... Published 30 Jun, 2022 06:07am
Markets US natgas futures up on lower output NEW YORK: US natural gas futures edged up about 1% on Tuesday on a preliminary drop in daily output and forecasts ... Published 30 Jun, 2022 06:07am
Markets Oil steady as concerns over weaker economy offset tight supplies NEW YORK: Oil prices were little changed on Wednesday, giving up early gains as worries about a weaker global ... Published 30 Jun, 2022 06:07am
World US likely to avoid recession, but rates need to climb: Fed official WASHINGTON: The US economy will slow this year as intended and is expected to avoid a downturn, but the Federal... Published 28 Jun, 2022 07:58pm
Markets Growth stocks drag Nasdaq lower, energy shares bounce NEW YORK: The Nasdaq Composite index fell by midday trading on Monday, dragged down by high-growth stocks as last... Published 28 Jun, 2022 06:10am
Business & Finance German bond yields set for first weekly fall since May LONDON: Safe-haven German bond yields were set for their first weekly fall since mid-May on Friday after growth ... Published 27 Jun, 2022 06:06am
Markets Wall Street climbs over 2% at end of strong week Wall Street's main indexes jumped more than 2% on Friday as signs of slowing economic growth and a recent pullback ... Published 25 Jun, 2022 12:15am
Markets Qatar shares suffer biggest weekly drop in two years on recession fears DUBAI: Qatari shares led declines in the Gulf on Thursday to post their biggest weekly decline in more than two... Published 24 Jun, 2022 06:15am
Markets Oil prices dive $2/barrel on fear Fed rate hikes will hurt demand NEW YORK: Oil prices fell by more than $2 a barrel on Thursday in volatile trading as investors weighed the risk ... Published 24 Jun, 2022 06:15am
Business & Finance Fed chair admits recession a ‘possibility’ after rate hikes WASHINGTON: The US economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation ... Published 24 Jun, 2022 06:15am
Business & Finance US could face more inflation ‘surprises’: Powell WASHINGTON: The US economy is strong but faces an “uncertain” global environment and could see further inflation... Published 23 Jun, 2022 07:37am
Print Oil slumps nearly 3pc NEW YORK: Oil prices tumbled about 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could... Published 23 Jun, 2022 06:05am
Business & Finance US Fed chair admits recession a ‘possibility’ after rate hikes WASHINGTON: The US economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation... Published 22 Jun, 2022 08:42pm
World Goldman Sachs raises probability of U.S. recession to 30% over next year Goldman Sachs sees a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous... Published 21 Jun, 2022 05:50pm
Markets Banks, energy stocks fuel rebound in European shares • Wall Street shut for holiday, US futures up • France’s Macron loses majority • Bitcoin below $20k... Published 21 Jun, 2022 05:51am
Business & Finance C$ edges off 19-month low TORONTO: The Canadian dollar strengthened against its US counterpart on Monday as the recent selloff in... Published 21 Jun, 2022 05:51am
Markets Central banks walk inflation-recession tightrope PARIS: Central banks have ramped up their battle against runaway inflation, a necessary remedy that could have the... Published 19 Jun, 2022 10:28am
Markets Valuations give investors pause in buying beaten-up U.S. stocks NEW YORK: Whipsawing bond yields, surging oil prices and a Federal Reserve bent on squashing the worst inflation in... Published 18 Jun, 2022 05:44pm
World US manufacturing output unexpectedly weak in May WASHINGTON: Production at US factories unexpectedly fell in May, the latest sign of cooling economic activity as the... Published 17 Jun, 2022 07:36pm
Print BoE nudges rates up again but says it’s ready to act forcefully LONDON: The Bank of England stuck to its gradual increases in interest rates on Thursday, as other central banks ... Published 17 Jun, 2022 07:09am
Markets Growth woes after Swiss, UK rate hikes drag European shares to 16-month lows LONDON: European stocks tumbled to their lowest levels in 16 months on Thursday after policy tightening in Britain... Published 17 Jun, 2022 06:37am
Markets Most Gulf bourses in red after rate hikes DUBAI: Most stock markets in the Gulf ended lower on Thursday, after the US Federal Reserve delivered an aggressive... Published 17 Jun, 2022 06:37am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn