US consumer spending misses expectation in July; inflation slows WASHINGTON: US consumer spending barely rose in July, but inflation eased considerably, which could give the Federal... Published 26 Aug, 2022 07:11pm
Markets Fed’s Powell to hammer home inflation-fighting message WASHINGTON: With US inflation at a 40-year high, economists say there is no doubt about the Federal Reserve’s policy... Published 26 Aug, 2022 10:48am
Markets Asian shares rise as hopes for audit deal boost China tech SYDNEY: Asian shares rose on Friday, buoyed by news of possible progress for China and the United States to hammer... Published 26 Aug, 2022 10:22am
World Fed has ‘a lot of time’ before next rate decision needs to be made, Barkin says OCEAN CITY: U.S. central bank officials have “a lot of time still” before they need to decide how large an interest... Published 19 Aug, 2022 09:18pm
World US existing home sales fall for sixth straight month; prices remain elevated WASHINGTON: US existing home sales fell to a fresh two-year low in July, further evidence that the Federal Reserve’s... Published 18 Aug, 2022 07:37pm
World US weekly jobless claims edged lower last week WASHINGTON: The number of Americans filing new claims for unemployment benefits fell moderately last week,... Published 18 Aug, 2022 06:36pm
World US business inventories increase solidly in June WASHINGTON: US business inventories increased strongly in June amid signs of a large buildup of stocks in the retail... Published 17 Aug, 2022 07:50pm
World US retail sales flat in July; core sales rise WASHINGTON: US retail sales were unchanged in July as declining gasoline prices weighed on receipts at service... Published 17 Aug, 2022 06:40pm
Markets Major currencies hold steady ahead of Fed minutes, RBNZ HONG KONG: Major currencies were holding steady on Wednesday, ahead of another day when central bank policy takes... Published 17 Aug, 2022 10:07am
World US manufacturing production accelerates in July WASHINGTON: Production at US factories increased more than expected in July as output rose at motor vehicle plants... Published 16 Aug, 2022 08:32pm
World US housing starts near 1-1/2-year low; building permits fall WASHINGTON: US homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage... Updated 16 Aug, 2022 09:44pm
Markets Tokyo rubber futures down SINGAPORE: Japanese rubber futures extended losses for a third session on Monday, with the market hitting an... Published 16 Aug, 2022 03:59am
Business & Finance Indian rupee posts weekly loss, underperforms in Asia MUMBAI: The Indian rupee ended lower on Friday and down on week as likely one-time dollar outflows dragged the... Published 15 Aug, 2022 05:41am
Business & Finance Japan’s 10-year govt bond futures fall amid uncertainties of US inflation TOKYO: Japan’s 10-year government bond futures fell on Friday amid uncertainties about the pace of US inflation,... Published 15 Aug, 2022 05:41am
Business & Finance Asian currency bears retreat as inflation view improves BANGKOK: Bearish bets on emerging Asian currencies eased on hopes that monetary tightening will cool red-hot... Published 15 Aug, 2022 05:41am
World US import prices decline for first time in seven months US import prices posted their first decline in seven months in July, the Labor Department said on Friday, on lower... Published 12 Aug, 2022 06:43pm
Markets European shares tick higher; Aegon shines on forecast raise PARIS: European shares edged higher on Thursday after a strong rally in the previous session on signs of US ... Published 12 Aug, 2022 05:44am
Markets China stocks see best day in 3 months SHANGHAI: China’s blue-chip stock index closed higher on Thursday, posting its biggest jump in more than 3 months,... Published 12 Aug, 2022 05:44am
Markets S&P 500, Nasdaq retreat despite signs of slowing inflation NEW YORK: The S&P 500 and Nasdaq retreated on Thursday despite fresh evidence of inflation cooling further on ... Published 12 Aug, 2022 05:44am
Business & Finance Dollar extends declines as traders pull back rate hike bets NEW YORK: The dollar extended its losses against other major currencies on Thursday, a day after a report showed US... Published 12 Aug, 2022 05:44am
World US producer prices fall in July, underlying inflation slows US producer prices unexpectedly fell in July amid a drop in the cost for energy products, and underlying producer... Published 11 Aug, 2022 06:41pm
World US weekly jobless claims rise for second straight week The number of Americans filing new claims for unemployment benefits rose for the second straight week, indicating... Published 11 Aug, 2022 06:38pm
Markets Markets track Wall St rally as soft US inflation boosts rate hopes HONG KONG: Asian markets rallied Thursday as investors breathed a sigh of relief after data showed US inflation... Published 11 Aug, 2022 09:54am
Markets S&P, Nasdaq jump as cooling inflation eases rate hike bets NEW YORK: Wall Street rallied more than 1% on Wednesday after data showed US inflation slowed more than expected in... Published 11 Aug, 2022 04:35am
Markets Japan’s Nikkei falls as chip stocks track US peers lower TOKYO: Japan’s Nikkei fell on Wednesday, dragged down by chip-related shares after Micron Technology led US tech... Published 11 Aug, 2022 04:35am
Markets European shares bounce after US inflation data calms nerves PARIS: European shares rose on Wednesday in a sharp reversal from earlier in the session with data showing a... Published 11 Aug, 2022 04:35am
Business & Finance Fed to raise interest rates to 4pc next year NEW YORK: Wednesday’s consumer price index report showing US inflation didn’t accelerate in July was the first... Published 11 Aug, 2022 04:35am
Business & Finance Sterling surges more than 1pc vs dollar LONDON: Sterling jumped against the dollar after lower-than-expected US inflation print for July dampened... Published 11 Aug, 2022 04:35am
Business & Finance Dollar falls on cooler-than-expected US inflation data NEW YORK: The dollar fell broadly on Wednesday, with its biggest decline against the yen since March 2020, following... Published 11 Aug, 2022 04:35am
Markets Copper hits 5-week high LONDON: Copper prices jumped on Wednesday to the highest in over five weeks after data showed US inflation was ... Published 11 Aug, 2022 04:35am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees