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US Federal Reserve

Dollar at 1-month low after Fed knock; US data disappoints

NEW YORK: The dollar slipped to a one-month low on Thursday, a day after the US Federal Reserve's reassurance that...

Published 30 Jul, 2021 05:10am

Business & Finance

Early trade: Dollar edges higher with all eyes on the Fed

NEW YORK: The dollar edged higher on Wednesday, even as investors held off placing major bets ahead of the outcome ...

Published 29 Jul, 2021 04:48am

Business & Finance

Fall in UK Covid-19 infections boosts sterling sentiment

LONDON: Sterling held firm near a 13-day high against the dollar on Wednesday as a fall in UK COVID-19 infections...

Published 29 Jul, 2021 04:48am

Markets

Oil up near $75; sharp US inventory drop counters virus worry

NEW YORK: Oil rose toward $75 a barrel on Wednesday after data showed US crude inventories fell more sharply than...

Published 29 Jul, 2021 04:48am

US economic recovery on track despite Covid-19 surge: Fed

WASHINGTON: The US economic recovery remains on track despite a rise in coronavirus infections, the Federal Reserve...

Published 29 Jul, 2021 04:35am

Markets

Shares recover as China selloff eases, Fed in focus

Although most Asian stock indices extended declines, Chinese blue-chip shares edged 0.2% higher, while Hong Kong's main index climbed 1.5%

Published 28 Jul, 2021 02:24pm

Business & Finance

ECB lifts Covid-era curbs on banks’ dividends

FRANKFURT: The European Central Bank said Friday it would end pandemic-era restrictions on banks’ payouts to...

Published 24 Jul, 2021 04:27am

Markets

Gold prices climb in Asia

SINGAPORE: Gold prices climbed to a one-month peak in Asian trade on Thursday after US Federal Reserve Chair Jeremy...

Published 16 Jul, 2021 04:34am

Markets

Japan rubber futures rise

TOKYO: Japanese rubber futures rose on Thursday after the US Federal Reserve signalled it will continue loose...

Published 16 Jul, 2021 04:34am

Markets

Japanese shares down

TOKYO: Japanese shares closed lower after two straight sessions of gains on Wednesday, with investors holding their...

Published 15 Jul, 2021 04:03am

Markets

European shares stay near record highs

AMSTERDAM/LONDON: European shares recovered most of their day’s losses to remain near record highs on Wednesday...

Published 15 Jul, 2021 04:03am

Markets

US MIDDAY: Gold jumps

NEW YORK: Gold jumped on Wednesday after US Federal Reserve Chair Jerome Powell reassured investors that the central...

Published 15 Jul, 2021 04:03am

Markets

Copper slips as Fed maintains taper timeline

LONDON: Copper prices dipped on Thursday after the US Federal Reserve confirmed plans to tighten monetary policy...

Published 09 Jul, 2021 04:25am

Business & Finance

China govt bond yields slump

SHANGHAI: China’s government bond yields fell sharply on Thursday after the State Council, the country’s ...

Published 09 Jul, 2021 04:25am

Business & Finance

Sterling falls against dollar

LONDON: Sterling fell on Wednesday versus a strengthening dollar as a risk-off mood dominated ahead of the...

Published 08 Jul, 2021 04:22am

Business & Finance

Early trade in New York: Dollar edges higher

NEW YORK: The dollar was slightly higher on Wednesday as traders held off on big bets ahead of the publication of ...

Published 08 Jul, 2021 04:22am

Markets

European stocks rebound as miners, autos rise

The pan-European STOXX 600 index gained 0.5% by 0716 GMT. The benchmark broke a three-day winning streak on Tuesday

Updated 07 Jul, 2021 01:51pm

Markets

Indonesia forex reserves rise to $137.1b in June

The rise came despite the rupiah coming under pressure in June amid global market volatility after the US Federal Reserve turned hawkish on stimulus withdrawal plans

Published 07 Jul, 2021 10:49am

Business & Finance

Early trade in New York: Dollar edges higher

NEW YORK: The dollar edged higher on Tuesday against a basket of peer currencies following the US Independence Day...

Published 07 Jul, 2021 04:28am

Markets

Gold prices up in Asia

SINGAPORE: Gold rose above the $1,800/ounce psychological level in Asian trade on Tuesday to hit a three-week high,...

Published 07 Jul, 2021 04:28am

Markets

Emerging market portfolio net foreign inflows nearly triple in June

NEW YORK: Foreign net flows to emerging market equity and debt portfolios accelerated in June to nearly three times...

Published 05 Jul, 2021 04:57am

Business & Finance

Long bets cut on Asian FX; Fed tapering fears

• Bullish bets trimmed on yuan as China data disappoints SINGAPORE: Investors turned bearish on the Indonesian...

Published 05 Jul, 2021 04:57am

Markets

US MIDDAY: Gold ticks higher

NEW YORK: Gold edged up on Thursday as a more than 7% slide in June prompted some traders to buy the metal amid...

Published 02 Jul, 2021 04:19am

Markets

Copper on track for biggest monthly decline since March 2020

LONDON: Copper on Wednesday was on track for its biggest monthly fall since March 2020 as a stronger dollar, the...