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US Federal Reserve

Yuan dips below key threshold on rising corporate dollar demand

By midday, the global dollar index rose to 90.153 from the previous close of 90.142, while the offshore yuan was trading at 6.3975 per dollar.

Published 07 Jun, 2021 11:24am

Business & Finance

Powell, Lagarde split over central bank role in climate policy

PARIS: US Federal Reserve chief Jerome Powell said Friday it was not the central bank’s role to set climate ...

Published 05 Jun, 2021 04:08am

Business & Finance

Dollar holds gains in Europe

LONDON: The dollar clung to minor gains on Wednesday, edging up from near a five-month trough versus major peers, as...

Published 03 Jun, 2021 04:13am

Markets

European stocks fall from record but post fourth monthly gain

AMSTERDAM/LONDON: European stocks slipped from record highs on Monday in subdued trading due to holidays in major...

Published 01 Jun, 2021 04:59am

Business & Finance

Early trade in New York: Dollar index headed toward biggest weekly gain since April

NEW YORK: The dollar continued to rebound on Friday as traders tidied positions for month-end and new data largely...

Published 29 May, 2021 03:59am

Markets

U.S. yields fall on month-end impact; investors shrug off inflation rise

Barclays estimates that its duration index extends out 0.13 years, versus the long run average of 0.09 years, according to Rupert, which means asset managers need to buy Treasuries to hit that index.

Published 28 May, 2021 10:12pm

Business & Finance

Early trade in New York: Dollar index steadies

NEW YORK: The dollar index traded in a narrow range on Thursday as traders looked toward an upcoming inflation ...

Published 28 May, 2021 04:08am

Markets

Dollar index steady as markets seek clues to interest rate moves

Dollar index steady ahead of Friday inflation data.
Sterling gets lift on comments on rate hike timing.
Chinese yuan rally holds.

Published 27 May, 2021 08:10pm

Markets

European stocks flat

AMSTERDAM/LONDON: European stocks ended flat on Wednesday, led by bank shares after central bank policymakers ...

Published 27 May, 2021 03:40am

Markets

Strong earnings, Vectura boost British midcaps

The FTSE 100 index has gained 8.9% year-to-date on optimism that speedy vaccine rollouts and constant policy support from the government would drive a stronger recovery from a pandemic-led recession.

Published 26 May, 2021 02:35pm

Markets

Currencies index hits all-time high

MSCI's index of EM stocks extended gains for a second straight session to climb to a 16 day high with tech stocks showing healthy gains.

Published 26 May, 2021 02:13pm

Markets

Asian shares gain, dollar soft as Fed calms inflation fears

Global benchmark Brent crude was up 5 cents at $68.70 and US crude fell 3 cents to $66.04 per barrel.

Updated 26 May, 2021 11:11am

Markets

Gold hits 4-1/2 month peak in NY

NEW YORK: Gold prices scaled a more than four-month peak on Tuesday, as the dollar and US Treasury yields slipped...

Published 26 May, 2021 03:45am

Business & Finance

Early trade in New York: Dollar falls; yuan rally gets noticed

NEW YORK: The dollar hit 4-1/2 month lows against major peers on Tuesday, as markets seemed to accept US Federal...

Published 26 May, 2021 03:45am

Business & Finance

Sterling plummets against euro

LONDON: Britain’s pound edged down against the dollar and fell to its lowest against the euro since May 10 on...

Published 26 May, 2021 03:45am

Business & Finance

US regulators signal stronger risk, tax oversight for cryptocurrencies

WASHINGTON: US Federal Reserve chief Jerome Powell turned up the heat on cryptocurrencies on Thursday, saying they...

Updated 24 May, 2021 08:29am

Business & Finance

Canadian dollar seen consolidating gains

TORONTO: The Canadian dollar is expected to give back some of its recent gains over the coming year as the Bank of...

Updated 24 May, 2021 08:29am

Business & Finance

Early trade in New York: Dollar edges higher

NEW YORK: The dollar edged higher on Friday, boosted by encouraging US manufacturing data, but remained on track for...

Published 22 May, 2021 04:05am

Business & Finance

Early trade in New York: Dollar comes down from Fed minutes high

NEW YORK: The dollar lost ground on Thursday, hovering just above a multi-month low following Wednesday’s bounce...

Updated 21 May, 2021 09:44am

Markets

Stocks tick higher despite tapering talk; cryptos bounce after beating

Pressure remains on bitcoin, cryptos after crash
Europe helps world stocks wobble higher
Dollar stalls after tapering talk lift
Commodities drop as China vows to crackdown on speculation
Colombia stripped of prized investment grade status by S&P.

Published 20 May, 2021 06:13pm

Markets

Palm oil slips 3.5pc

KUALA LUMPUR: Malaysian palm oil futures dropped 3.5% on Wednesday after the second-largest producer raised its...