Currencies tread cautiously after US inflation report, focus on ECB SINGAPORE: The currency market started the week cautiously, with the dollar slightly lower on Monday after data last... Published 03 Jun, 2024 10:00am
Markets S&P 500, Nasdaq drop as investors weigh Fed moves NEW YORK: The S&P 500 and the Nasdaq gave up early gains on Friday and were set to snap their five-week winning... Published 01 Jun, 2024 06:59am
Markets European shares rise after US inflation data keeps Fed rate cut hopes alive PARIS: European shares rose on Friday after softer US inflation data spurred hopes of interest rates cuts by the... Published 01 Jun, 2024 06:59am
Business & Finance Dollar set for first monthly drop after US inflation readout NEW YORK: The dollar was lower on Friday and on track for its first monthly decline in 2024 after data showed US... Published 01 Jun, 2024 06:59am
World Fed seen more likely to cut rates in Sept after PCE data The Federal Reserve is more likely to deliver a long-awaited rate cut in September after a U.S. Commerce Department... Published 31 May, 2024 07:05pm
Markets Oil stabilises ahead of US inflation data and OPEC+ meeting LONDON: Oil prices held steady on Friday as investors awaited U.S. inflation data for clues on the demand outlook... Updated 31 May, 2024 05:19pm
Markets Gold eyes biggest weekly drop in nearly eight months Gold prices hit a two-week low on Friday, set for their biggest weekly loss in nearly eight months, as interest rate... Published 24 May, 2024 10:00am
Markets Oil holds steady around three-month lows LONDON: Oil prices were stable on Friday but poised to show a weekly loss under pressure from lingering concerns... Updated 24 May, 2024 05:50pm
Markets Gold prices drift lower on hawkish Fed minutes Gold prices fell for a third straight session on Thursday after minutes from the most recent Federal Reserve meeting... Published 23 May, 2024 10:29am
Markets Dollar hovers near highest in a week after hawkish Fed minutes TOKYO: The dollar hovered near a one-week high on Thursday following its best day this month against its major peers... Published 23 May, 2024 09:50am
Markets Oil slips for third day on likely ‘higher for longer’ US rates LONDON: Oil prices fell on Wednesday, retreating for a third straight day on expectations that the Federal Reserve... Updated 22 May, 2024 05:37pm
Markets Most Gulf markets dip as oil prices tumble DUBAI: Most stock markets in the Gulf ended lower on Tuesday as oil prices fell on expectations that lingering US... Published 22 May, 2024 05:54am
Business & Finance 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 falls 1% as sticky US inflation weighs on demand at the pump HOUSTON: Oil prices fell more than 1% on Tuesday as lingering U.S. inflation was poised to keep interest rates... Updated 21 May, 2024 09:30pm
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
