Copper recovers from five-week lows LONDON: Copper bounced from five-month lows on Monday as the focus shifted to demand potential after a sell-off... Published 11 Jun, 2024 03:17am
Markets New Zealand shares fall as hopes of early Fed rate cut fade; Australia closed New Zealand shares fell for a third session on Monday, led by healthcare and energy stocks, after... Published 10 Jun, 2024 09:59am
Business & Finance Fed may remain on pause and pare back rate cut expectations WASHINGTON: The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the... Published 10 Jun, 2024 06:52am
Markets Asia shares set for weekly gain on rate-cut rally SINGAPORE: Asian stocks are set to snap a two-week losing streak on Friday after major central banks kick-started... Published 07 Jun, 2024 10:25am
Markets Euro steadies ahead of ECB decision, dollar dips SINGAPORE: The euro firmed a touch on Thursday ahead of a policy decision from the European Central Bank (ECB) where... Published 06 Jun, 2024 09:58am
Markets 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
