Sterling hits 18-day low LONDON: The British pound fell on Monday, hitting its lowest in 18 days versus the US dollar, as investors sold... Published 25 Jan, 2022 05:03am
Business & Finance Profit-taking ahead of Fed meeting hits industrial metals LONDON: Prices of industrial metals fell on Monday due to profit-taking, nervousness ahead of a US Federal Reserve... Published 25 Jan, 2022 05:03am
Business & Finance Dollar slips with US Treasury yields but still up for week; bitcoin falls NEW YORK: The U.S. dollar edged lower with U.S. Treasury yields on Friday, with investors looking ahead to next... Published 22 Jan, 2022 05:46am
Markets Prepare for big central banks moving out of step: policymakers Central banks have unleashed unprecedented stimulus in recent years to prop up growth but excessive cash has now pushed inflation to multi-decade highs around much of the world Published 21 Jan, 2022 08:32pm
Markets Market, Omicron risks pose new challenge for Fed policy pivot WASHINGTON: US Federal Reserve officials, having plotted what seemed a clear battle plan against high inflation, ... Published 20 Jan, 2022 04:40pm
Markets ECB's Lagarde: Inflation drivers will ease gradually in 2022 PARIS: Inflation in the euro zone will decrease gradually over the year as its main drivers, such as surging energy... Published 20 Jan, 2022 01:10pm
Markets Dollar finds a footing as traders brace for hawkish Fed SYDNEY: The dollar clung to a late week bounce on Monday as investors braced for January's US Federal Reserve ... Published 17 Jan, 2022 10:48am
Markets Wall St Week Ahead; Earnings to test growth stocks after rocky start to year NEW YORK: A rough start to 2022 for U.S. tech and growth stocks is raising stakes for upcoming earnings reports, as... Published 17 Jan, 2022 07:12am
Business & Finance Dollar extends losses, euro rallies as traders reassess rate hike bets LONDON: The dollar fell further on Thursday to two-month lows after US inflation proved weaker than feared in... Published 14 Jan, 2022 07:45am
Markets Fed's Harker joins other policymakers in backing March interest rate liftoff The US Federal Reserve should begin lifting interest rates from their current level near zero in March and will... Published 13 Jan, 2022 09:08pm
Markets Gulf bourses close mixed ahead of Powell testimony DUBAI: Stock markets in the Gulf ended mixed on Tuesday, as investors awaited US Federal Reserve Chair Jerome... Published 12 Jan, 2022 04:25am
Markets Wells Fargo shares race ahead as investors bet on turnaround story NEW YORK: Wells Fargo & Co shares have rallied ahead of its quarterly earnings later this week as analysts ... Published 11 Jan, 2022 06:33am
Business & Finance Dollar higher on interest rate hike optimism NEW YORK: The dollar climbed against a basket of currencies on Monday as recent employment data prompted some Wall... Published 11 Jan, 2022 06:33am
Markets Gold slips as Fed rate hike bets lift yields ahead of US data Gold prices eased on Monday as traders awaited December US inflation data that could stress the need for... Updated 10 Jan, 2022 02:21pm
Opinion Investors brace for quantitative tightening as Fed sends hawkish message Another barometer of Federal Reserve hawkishness is making a bigger appearance on investors’ dashboards:... Published 07 Jan, 2022 06:22am
Markets Asian FX fall on hawkish Fed; Indonesian rupiah and Thai baht lead losses Most Asian currencies fell on Thursday after minutes from the latest US Federal Reserve meeting indicated the ... Updated 06 Jan, 2022 11:54am
Markets Gold firms above $1800 LONDON: Gold climbed above the key $1,800-per-ounce level on Tuesday, after a sharp retreat in the last session, as... Published 05 Jan, 2022 05:36am
Business & Finance Dollar kicks off 2022 on higher note NEW YORK: The US dollar rose against a basket of major currencies on Monday, the first trading day of the new year,... Published 04 Jan, 2022 06:54am
Markets Benchmark yields post largest increase since 2013 NEW YORK: Benchmark 10-year Treasuries ended the year with the largest yield increase since 2013 as investors ... Published 03 Jan, 2022 06:42am
Opinion After inflation, a bond supply shock may be next for markets Central banks, the developed world’s most reliable group of bond buyers, could slash debt purchases next year by ... Published 21 Dec, 2021 04:14am
Markets Stocks mostly drop as traders mull central bank moves NEW YORK: World stock markets mostly fell Friday, giving up gains made after major central banks took action to... Published 19 Dec, 2021 04:37am
Markets Major Gulf bourses rise in line with global shares DUBAI: Major stock markets ended higher on Thursday in line with global shares, after the US Federal Reserve said it... Published 17 Dec, 2021 04:30am
Markets Indian shares end higher BENGALURU: Indian shares ended slightly higher on Thursday, helped by gains in information technology stocks, even ... Published 17 Dec, 2021 04:30am
Opinion Fed’s pivot raises investor question: When does QT start? Investors are asking a key question after the US Federal Reserve accelerated its taper of bond purchases and ... Published 17 Dec, 2021 04:30am
Markets US MIDDAY: Gold advances as dollar retreats NEW YORK: Gold gained more than 1% on Thursday, buoyed by weakness in the dollar after the US Federal Reserve sped ... Published 17 Dec, 2021 04:30am
Business & Finance Canadian dollar rallies TORONTO: The Canadian dollar strengthened against its US counterpart on Thursday as more central banks took steps to... Published 17 Dec, 2021 04:30am
Markets Oil rises about 2% on strong U.S. demand, upbeat Fed outlook NEW YORK: Oil prices gained around 2% on Thursday, as record U.S. implied demand, falling crude stockpiles and an... Updated 16 Dec, 2021 11:43pm
Markets London copper rises 2% on stronger risk appetite, supply concerns London copper prices jumped more than 2% on Thursday, boosted by improved risk sentiment after the US Federal ... Published 16 Dec, 2021 10:31am
Print Fed sees three interest rate hikes in 2022 WASHINGTON: The Federal Reserve, signalling its inflation target has been met, said on Wednesday it would end its... Updated 16 Dec, 2021 10:43am
Markets Lira weakens ahead of US, Turkish cenbank meetings ISTANBUL: The lira weakened more than 1% against the dollar on Wednesday ahead of a key policy decision by the US... Published 15 Dec, 2021 01:11pm