Asian currencies jump BENGALURU: Emerging Asian currencies and equities joined a rally in global markets on Thursday, after the US Federal... Published 15 Dec, 2023 03:12am
Business & Finance Australia, NZ dollars soar SYDNEY: The Australian and New Zealand dollars jumped on Thursday while bond yields tumbled as markets priced in... Published 15 Dec, 2023 03:12am
Business & Finance Dollar hits four-month low after Fed pivots, ECB leaves rates unchanged LONDON: The dollar touched a fresh four-month low on Thursday after the Federal Reserve indicated that its... Published 15 Dec, 2023 03:12am
World Fed flags end of rate hikes, sees lower borrowing costs in 2024 WASHINGTON: The Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections... Published 14 Dec, 2023 12:34am
World US inflation should return to 2% range in 2024: Yellen WASHINGTON: The United States is likely to see inflation return to the range of the Federal Reserve’s two percent... Published 13 Dec, 2023 10:16pm
World Fed seen on policy hold until May as inflation edges up The Federal Reserve is seen holding off on any interest-rate cuts until at least May of next year, after a... Updated 12 Dec, 2023 10:41pm
Markets Asian stocks edge higher ahead of US inflation data SINGAPORE: Asian shares crept higher on Tuesday while the dollar eased as investors stayed cautious ahead of a... Published 12 Dec, 2023 09:51am
Markets Oil falls 3%, extends losses after US inflation data LONDON: Oil fell 3% on Tuesday, with Brent crude hitting the lowest since June after U.S. consumer prices rose in... Updated 12 Dec, 2023 09:03pm
Markets Asian currencies, equities fall ahead of key central bank meetings Asian emerging currencies and equities fell on Monday ahead of key central bank meetings during the week, with the... Published 11 Dec, 2023 12:20pm
Markets Indian rupee to contend with uptick in US yields, paring of Fed cut expectations MUMBAI: The Indian rupee is likely to open slightly weaker on Monday, pressured by a rise in US Treasury yields... Published 11 Dec, 2023 10:43am
Markets India’s Nifty 50 set to open at all-time high BENGALURU: India’s benchmark index Nifty 50 is set to open at a new record high on Monday, continuing its rally from... Published 11 Dec, 2023 09:45am
Markets Nasdaq outperforms on Alphabet boost NEW YORK: The Nasdaq outpaced other major Wall Street indexes on Thursday as Alphabet shares surged, while investors... Published 08 Dec, 2023 05:20am
Markets Wall St inches up on rate cut hopes NEW YORK: Wall Street edged higher on Wednesday as further signs of a cooling jobs market reinforced bets that the... Published 07 Dec, 2023 04:35am
Business & Finance Asian currencies ease with US jobs data in focus BENGALURU: Most Asian currencies were muted on Wednesday, as the dollar gained ground after the latest jobs data ... Published 07 Dec, 2023 04:35am
Markets Indian rupee to gauge dollar’s recovery even as economic data drives US yields lower MUMBAI: The Indian rupee is likely to open little changed on Wednesday amid a recovery in the greenback even as US... Published 06 Dec, 2023 09:45am
Business & Finance Market expectations of Fed cuts ‘overdone’, volatility to jump in ‘24: BlackRock NEW YORK: Global markets will be swayed by greater volatility in 2024 as the Federal Reserve cuts benchmark interest... Published 06 Dec, 2023 04:27am
Markets Most Asian FX, stocks fall after traders reconsider Fed rate cut bets Most Asian currencies fell on Tuesday, with the South Korean won suffering the most losses, while equities were... Published 05 Dec, 2023 11:19am
Markets Gold takes a breather BENGALURU: Gold edged down after scaling a record high on Monday, with growing confidence that the US Federal ... Published 05 Dec, 2023 03:01am
Business & Finance Dollar gains, bitcoin breaches $42,000 WASHINGTON: The dollar ticked higher on Monday, regaining some ground after falling for three straight weeks on bets... Published 05 Dec, 2023 03:01am
Markets Australian shares snap 3-day gaining streak SYDNEY: Australian shares snapped a three-day winning streak on Friday, starting the last month of the year on a... Published 02 Dec, 2023 05:09am
Business & Finance US dollar falls NEW YORK: The dollar fell on Friday, after two days of gains, as Federal Reserve Chair struck a cautious tone on... Published 02 Dec, 2023 05:09am
Business & Finance Asian currencies: South Korean won records biggest monthly gain BENGALURU: Most emerging Asian currencies were set to log monthly gains against the US dollar on Thursday on rising... Published 01 Dec, 2023 04:43am
Business & Finance Yuan on track for best month in a year SHANGHAI: Disappointing Chinese factory activity data kept a cap on the yuan on Thursday, but the currency looked ... Published 01 Dec, 2023 04:43am
Markets JGB yields rebound after two-year bond auction sees poor demand TOKYO: Japanese government bond (JGB) yields rebounded on Thursday after falling to multi-month lows this week,... Published 30 Nov, 2023 10:56am
Markets Nifty 50 reclaims 20,000 as blue-chips surge towards new highs BENGALURU: India’s blue-chip indexes logged their best day in two weeks on Wednesday, led by high weightage... Published 30 Nov, 2023 04:53am
Markets Gold steadies near 7-month peak on Fed rate cut bets BENGALURU: Gold steadied near its highest in about seven months on Wednesday as expectations that the US Federal... Published 30 Nov, 2023 04:53am
Business & Finance Yuan firms on prospects for US rate cuts SHANGHAI: China’s yuan firmed to its strongest against the US dollar in five months on Wednesday, as the dollar... Published 30 Nov, 2023 04:53am
Business & Finance US Fed official ‘encouraged’ by progress against inflation WASHINGTON: The US Federal Reserve is making encouraging progress in the fight against inflation, a senior bank... Published 28 Nov, 2023 08:26pm
Markets Soft China and India may undermine gold’s rally hopes: Russell LAUNCESTON: The spot price of gold has climbed to a six-month high, buoyed by hopes that monetary tightening in... Published 28 Nov, 2023 12:18pm
Markets Dollar hangs at three-month low as traders eye PCE data TOKYO: The US dollar ticked down to a three-month low against peer currencies on Tuesday after slipping overnight on... Published 28 Nov, 2023 10:00am
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