Sterling on back foot again after September slump LONDON: The pound fell slightly on Monday, continuing a weak run that saw it drop 3.7% in September - its worst... Published 02 Oct, 2023 03:01pm
Markets Oil prices ease 1pc on profit taking NEW YORK: Oil futures eased about 1% on Thursday, as traders took profits after prices soared early to 10-month ... Published 29 Sep, 2023 06:24am
Markets Most Gulf shares drop in early trade, Saudi gains Most stock markets in the Gulf were down in early trade on Wednesday as worries over higher interest rates by the US... Published 27 Sep, 2023 04:25pm
Markets Oil prices rise by about 1pc as tight supply balances economic outlook NEW YORK: Oil prices rose by about 1 percent after reaching a two-week low earlier in the session on Tuesday, as... Published 27 Sep, 2023 06:08am
Markets Thai baht leads Asian currencies lower, pressured by dollar Asian currencies fell on Tuesday, with Thailand’s baht and Indonesia’s rupiah leading losses, pressured by strength... Published 26 Sep, 2023 11:11am
Markets US yields revisit highs, Asia stocks sag on hawkish Fed angst TOKYO: US Treasury yields scaled a fresh 16-year peak on Tuesday, underpinning the dollar near a 10-month summit, as... Published 26 Sep, 2023 10:51am
Markets Japan’s Nikkei rebounds from worst week of 2023 after clearing BOJ, Fed tests TOKYO: Japan’s Nikkei share average rebounded sharply on Monday, as investors bought back beaten-down stocks after... Published 25 Sep, 2023 10:27am
Markets Gold ticks down as markets assess Fed’s interest rate outlook Gold edged lower on Monday after eking out a narrow 0.1% gain last week, as investors assessed US Federal Reserve... Published 25 Sep, 2023 10:06am
Opinion Elusive macroeconomic stability In a recent statement reportedly, interim finance minister Dr Shamshad Akhtar indicated that there were signs of... Published 22 Sep, 2023 03:40am
Markets China stocks hit 10-month low on hawkish US Fed stance HONG KONG: China and Hong Kong stocks slipped further on Thursday as risk sentiment was hit after the US Federal... Published 22 Sep, 2023 03:33am
Markets Nasdaq, S&P hit 1-month lows as rate worries lift yields NEW YORK: The S&P 500 and the Nasdaq dropped to a more than one-month low on Thursday as a jump in Treasury... Published 22 Sep, 2023 03:33am
Markets Japanese rubber futures higher SINGAPORE: Japanese rubber futures recovered at closing on Thursday amid talks of quantitative trading strategies in... Published 22 Sep, 2023 03:33am
Business & Finance Dollar edges up vs pound, euro on Fed support NEW YORK: The US dollar edged higher against the pound and the euro on Thursday, a day after the Federal Reserve ... Published 22 Sep, 2023 03:33am
Markets Goldman Sachs pushes its forecast for Fed rate cut to Q4 2024 Goldman Sachs economists said they now expect the US Federal Reserve to begin its interest rate-cutting cycle in the... Published 21 Sep, 2023 12:41pm
Markets China’s yuan slips past key threshold after Fed’s hawkish rate pause SHANGHAI: China’s yuan slipped to a more than one-week low against a strengthening dollar and breached a key... Published 21 Sep, 2023 10:44am
Markets Asian currencies drop after US dollar gains on hawkish Fed (.) Asian currencies fell on Thursday as capital outflows and the US Federal Reserve’s hawkish stance on monetary policy... Published 21 Sep, 2023 10:38am
World Fed leaves rates unchanged, sees tighter policy through 2024 Financial markets had widely expected that the Fed would leave rates unchanged Updated 20 Sep, 2023 11:58pm
Business & Finance US Fed likely to pause rate hikes and raise growth forecast WASHINGTON: Analysts expect the US Federal Reserve to pause interest rate hikes on Wednesday as the central bank... Published 20 Sep, 2023 07:10pm
Business & Finance UK inflation in surprise drop to 18-month low LONDON: British inflation unexpectedly slowed in August, data showed Wednesday, hitting an 18-month low and sparking... Published 20 Sep, 2023 01:02pm
Markets 11th consecutive gain: rupee settles at 293.88 against US dollar Appreciates 0.35% in inter-bank market on Wednesday Updated 20 Sep, 2023 06:47pm
Markets China’s yuan slips amid caution ahead of big central bank meetings SHANGHAI: China’s yuan eased slightly against the dollar on Tuesday but found some support above levels seen as red... Published 19 Sep, 2023 10:32am
Markets Australia, NZ dollars calm ahead of central bank moves this week SYDNEY: The Australian and New Zealand dollars were calm on Monday ahead of a slew of central bank rate decisions... Published 18 Sep, 2023 10:05am
Markets Asian currencies subdued ahead of a slew of central bank meetings Asian currencies were subdued on Monday in a week packed with central bank meetings in Indonesia and the Philippines... Published 18 Sep, 2023 09:56am
Markets US Fed likely to pause rate hikes despite higher inflation WASHINGTON: The US Federal Reserve is widely expected to hold interest rates steady on Wednesday after a summer of... Published 17 Sep, 2023 12:35pm
Markets Euro rises from near 3-month low before ECB; Aussie jumps TOKYO: The euro pulled away from near a three-month low to the US dollar on Thursday as attention turned to the... Published 14 Sep, 2023 12:21pm
Business & Finance Japan’s weak machinery orders, other batch of soft data raise BOJ challenge TOKYO: Japan’s core machinery orders fell more than expected in July, as manufacturers balk at new investments in... Published 14 Sep, 2023 09:56am
Markets Higher gasoline prices seen boosting US inflation in August WASHINGTON: US consumer prices likely increased by the most in 14 months in August amid a surge in the cost of... Published 13 Sep, 2023 10:36am
Markets Fed’s Barr says central bank ‘a long way’ from any decision on issuing digital currency WASHINGTON: The Federal Reserve’s top regulatory official said on Friday the central bank is “a long way” from any... Published 08 Sep, 2023 06:53pm
Markets South African rand extends gains as analysts bet on Fed pause JOHANNESBURG: The South African rand extended gains on Friday against a weaker dollar as analysts found comfort in... Published 08 Sep, 2023 01:37pm
Markets European stocks fall for seventh day as global mood sours European shares fell for a seventh consecutive session on Thursday, on track for their longest losing streak in more... Published 07 Sep, 2023 01:48pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?