Progress in US inflation fight ‘has likely resumed’: Fed official WASHINGTON: Progress in the US Federal Reserve’s fight against inflation “likely resumed” last month, a senior bank... Published 21 May, 2024 06:32pm
Markets Oil sheds $1 as Fed interest rate outlook stokes demand fears Oil prices dropped by more than $1 on Tuesday, extending losses on investor expectations that lingering U.S.... Updated 21 May, 2024 05:10pm
Business & Finance US inflation fight will take ‘further time’: senior Fed official WASHINGTON: The US Federal Reserve should keep interest rates at their current elevated levels for longer than... Published 20 May, 2024 08:28pm
Business & Finance Fed gets some good news on inflation progress Federal Reserve policymakers waiting to see renewed progress on inflation before reducing borrowing costs got some... Published 15 May, 2024 08:53pm
Markets Euro zone bond yields lower before US CPI hurdle LONDON: Germany’s 10-year bund yield was slightly lower on Wednesday but remained above 2.5% before key US consumer... Published 15 May, 2024 12:27pm
Business & Finance US Fed’s Powell expects inflation to fall, though not as confident as before AMSTERDAM: Federal Reserve Chair Jerome Powell said on Tuesday he expects U.S. inflation to resume declining through... Published 14 May, 2024 08:48pm
Business & Finance US Fed vice chair says interest rates should remain on pause WASHINGTON: The US central bank should keep interest rates at their current “restrictive” levels until it sees real... Published 13 May, 2024 07:29pm
Markets Oil slips on prospect of higher-for-longer US rates NEW YORK: Oil prices fell by nearly $1 a barrel on Friday as comments from US central bank officials indicated... Published 12 May, 2024 03:09am
Markets Gold extends gains BENGALURU: Gold prices climbed on Friday, en route to their best week in five, with zero-yield bullion building on... Published 12 May, 2024 03:09am
Markets STOXX 600 closes at record high on earnings, rate cut optimism PARIS: Europe’s main stock index closed at a record high on Friday, on track for its biggest weekly gain since ... Published 11 May, 2024 06:22am
Business & Finance Asian currencies tepid, ringgit flat BENGALURU: Most Asian currencies were heading for weekly declines on Friday, although largely unchanged, while ... Published 11 May, 2024 06:22am
Markets Gold set for weekly gain on US rate-cut hopes Gold prices ticked up on Friday and were on track for a weekly gain, as recent economic data prompted traders to... Published 10 May, 2024 10:30am
Markets Copper retreats on rate cut uncertainty LONDON: Copper prices retreated on Thursday on a potential delay in US interest rate cuts ahead of key inflation ... Published 10 May, 2024 04:17am
Markets Rupee records marginal decline against US dollar Currency settles at 278.2 against the greenback in inter-bank market Updated 09 May, 2024 09:29pm
Markets Oil holds near one-week high on rising demand hopes after China, US data NEW YORK: Oil prices held near a one-week high on Thursday as data from China and the U.S. that signalled demand in... Updated 09 May, 2024 11:12pm
Business & Finance Dollar gains on rate outlook NEW YORK: The dollar gained on Wednesday as investors continued to bet on the US economy outperforming peers and was... Published 09 May, 2024 03:11am
Markets Gold gains on soft dollar, rate cut hopes NEW YORK: Gold prices climbed more than 1 percent on Monday, as the US dollar weakened after softer-than-expected US... Published 07 May, 2024 07:38am
Markets Major Gulf bourses mixed in early trade Major stock markets in the Gulf were mixed in early trade on Monday, amid higher oil prices and rising hopes for an... Published 06 May, 2024 02:45pm
Markets Dollar steady after soft US jobs report; yen starts week on back foot SINGAPORE: The dollar was broadly steady on Monday as a soft US jobs report boosted wagers that the Federal Reserve... Published 06 May, 2024 10:09am
Markets Gulf markets end mixed; Qatar hits six-month low DUBAI: Stock markets in the Gulf put in a mixed performance while the Qatari index hit a six-month low on Thursday... Published 03 May, 2024 06:29am
Business & Finance Yen slightly higher after suspected intervention NEW YORK: The yen was slightly stronger on the day on Thursday after a sudden rally late on Wednesday that traders ... Published 03 May, 2024 06:29am
Markets Indian shares likely to open higher after Fed’s status quo, oil price fall BENGALURU: Indian shares are set to open higher on Thursday, after the US Federal Reserve kept interest rates... Published 02 May, 2024 10:06am
Markets Japan’s Nikkei squeezes out modest gains as yen, Wall Street weigh TOKYO: Japan’s Nikkei share average eked out meagre gains on Thursday, with the yen’s sudden appreciation and a... Published 02 May, 2024 10:00am
Markets Australian shares rangebound after Fed warns of rate cut delays; Woolworths slumps Australian stocks traded in a tight range on Thursday after the US Federal Reserve warned of delays to interest rate... Published 02 May, 2024 09:58am
Markets Gold near four-week low, eyes on Fed BENGALURU: Gold prices held near a four-week low on Wednesday ahead of a US Federal Reserve policy decision that... Published 02 May, 2024 04:58am
Business & Finance 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,... Updated 01 May, 2024 07:51pm
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