US Fed likely to keep rates steady as hopes of early cuts fade WASHINGTON: The US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday,... Published 01 May, 2024 12:43pm
Markets Japan’s Nikkei tracks Wall Street higher; Fed policy meeting in focus TOKYO: Japan’s Nikkei share average traded higher on Tuesday, tracking an overnight strong finish on Wall Street,... Published 30 Apr, 2024 10:38am
Business & Finance Japanese yen surges against dollar NEW YORK: Japan’s currency surged as much as 5 yen against the dollar from a fresh 34-year low hit earlier on... Published 30 Apr, 2024 03:43am
Markets Saudi leads as Gulf markets close higher DUBAI: Stock markets in the Gulf ended higher on Monday, led by the Saudi index on strong corporate earnings, while... Published 30 Apr, 2024 03:43am
Business & Finance Fed to meet amid dwindling hopes of summer rate cuts WASHINGTON: The US Federal Reserve is highly likely to keep interest rates unchanged later this week, as... Updated 29 Apr, 2024 09:20am
Business & Finance Yen falls to 1990 lows TOKYO: The yen weakened on Monday to its weakest levels against the dollar since June 1990, with markets alert to ... Published 23 Apr, 2024 03:41am
Business & Finance IMF tells Asian central banks not to follow Fed too closely WASHINGTON: The International Monetary Fund urged Asian central banks to focus on domestic inflation and avoid tying... Published 19 Apr, 2024 05:07am
Business & Finance US dollar firmer after strong data NEW YORK: The dollar drifted higher on Thursday as a mixed batch of US data did little to shake views that the... Published 19 Apr, 2024 05:07am
Markets Dollar steady, yen fragile after Fed comments dash rate cut bets SINGAPORE: The dollar was broadly steady on Wednesday, keeping the yen rooted near 34-year lows after comments from... Published 17 Apr, 2024 09:57am
Business & Finance Asian currencies: Indonesian rupiah dips to 4-year low BENGALURU: The Indonesian rupiah tumbled to a four-year low on Tuesday after a weeklong holiday as persistent... Published 17 Apr, 2024 05:28am
World Fed’s Williams said outlook uncertain, data will drive rate decisions NEW YORK: Federal Reserve Bank of New York President John Williams said on Thursday that the U.S. central bank has... Published 11 Apr, 2024 06:28pm
Markets South African rand slips against dollar after US CPI release JOHANNESBURG: South Africa’s rand slipped on Wednesday as the dollar soared after data showed U.S. inflation rose in... Published 10 Apr, 2024 10:40pm
Markets Copper retreats from highs after strong US inflation data LONDON: Copper prices reversed into the red on Wednesday and other metals pared gains after stronger than expected... Published 10 Apr, 2024 10:08pm
Markets Wall St battered as hot inflation data stymies rate-cut hopes Wall Street’s main stock indexes tumbled on Wednesday as investors turned risk averse after a... Published 10 Apr, 2024 09:07pm
World US consumer prices accelerate; seen delaying Fed rate cut Third straight month of strong consumer price readings followed on the heels of news last week that job growth accelerated in March Updated 12 Apr, 2024 09:28am
Markets China’s yuan weakens slightly against strong dollar SHANGHAI: China’s yuan weakened slightly on Monday against a firm dollar as investors weighed when the US Federal... Published 08 Apr, 2024 12:20pm
Markets Gold pauses record rally ahead of US jobs data Gold’s five-session record surge, which set the metal on track for its third straight weekly rise, came to a halt on... Published 05 Apr, 2024 10:02am
Markets Wall Street gains as recent data bolsters rate cut hopes NEW YORK: Wall Street’s main stock indexes advanced on Thursday as recent economic reports boosted the prospect of... Published 05 Apr, 2024 04:50am
Business & Finance Dollar hits two-week low NEW YORK: The dollar hit a two-week low on Thursday as economic data supported expectations for quick rate cuts in... Published 05 Apr, 2024 04:50am
Business & Finance US Fed official predicts higher long-term interest rates WASHINGTON: A senior Federal Reserve official confirmed Tuesday that she recently raised her prediction for interest... Published 02 Apr, 2024 09:52pm
Markets US yields advance after strong manufacturing data NEW YORK: US Treasury yields rose on Monday as stronger-than-expected manufacturing data raised doubts on whether... Published 01 Apr, 2024 09:44pm
Markets Dollar steady as PCE data sets up June rate cut bets; yen in focus SINGAPORE: The dollar was broadly steady on Monday as data showing easing US prices bolstered bets that the Federal... Published 01 Apr, 2024 09:44am
Markets Gulf bourses drop; Egypt extends decline DUBAI: Stock markets in the Gulf fell on Sunday, led by the Saudi index, after the US Federal Reserve Chair Powell... Published 01 Apr, 2024 05:34am
Markets Asian markets quiet in holiday-thinned trade BENGALURU: Stocks and currencies were muted in Asia on the Good Friday holiday, while investors kept to the ... Published 01 Apr, 2024 05:34am
Markets Oil prices advance on tighter supply outlook LONDON: Oil prices firmed on Thursday, following two consecutive sessions of decline, as investors saw a tighter... Updated 28 Mar, 2024 05:41pm
Markets Japan bond yields steady as traders wait for policy clues TOKYO: Japanese government bond yields were little changed on Tuesday, with traders waiting for fresh clues on how... Published 26 Mar, 2024 11:43am
Markets Indian rupee likely to recover slightly after fall to record low, all eyes on RBI MUMBAI: The Indian rupee is likely to open mildly higher on Tuesday after slumping to a record low last week, with... Published 26 Mar, 2024 11:02am
Markets Gold rises on hopes for Fed rate cut in June, softer dollar Gold prices rose on Monday as renewed bets that the US Federal Reserve would begin cutting interest rates in June... Published 25 Mar, 2024 10:07am
Markets Most Gulf bourses end near flat DUBAI: Most stock markets in the Gulf ended little changed on Sunday and the Saudi index dipped, with weaker oil... Published 25 Mar, 2024 05:47am
Business & Finance Asian currencies rally as Fed keeps rate cut projections BENGALURU: Asian currencies rallied on Thursday against a broadly weaker dollar, while stocks in the region gained... Published 22 Mar, 2024 04:57am