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
World Fed now seen delivering 50bp hike in Sept after inflation eases The Federal Reserve is seen slowing interest rate hikes next month and ultimately raising borrowing costs less... Updated 10 Aug, 2022 09:18pm
World US consumer price growth unchanged for July US consumer prices did not rise in July due to a sharp drop in the cost of gasoline, delivering the first notable... Published 10 Aug, 2022 06:33pm
World US productivity posts biggest ever annual drop in second quarter US worker productivity in the second quarter fell at its steepest pace on an annual basis since 1948, the Labor... Published 09 Aug, 2022 06:34pm
Markets South African rand erases Friday’s loss; stocks rise JOHANNESBURG: The South African rand gained against the dollar on Monday, erasing Friday’s loss, as the US currency... Updated 08 Aug, 2022 08:57pm
World US job growth surges in July as labor market defies recession fears WASHINGTON: US job growth unexpectedly accelerated in July, lifting the level of employment back to its pre-pandemic... Published 05 Aug, 2022 07:35pm
World US weekly jobless claims increase; layoffs fall in July WASHINGTON: The number of Americans filing new claims for unemployment benefits increased last week, suggesting some... Published 04 Aug, 2022 07:21pm
Markets Possible for US, EU to avoid recession: Fed official WASHINGTON: The United States and the European Union can avoid recession and achieve a soft landing by bringing... Published 03 Aug, 2022 09:40am
World U.S. manufacturing slows modestly; excess inventories weigh on new orders WASHINGTON: U.S. manufacturing activity slowed less than expected in July and there were signs that supply... Published 01 Aug, 2022 10:09pm
Business & Finance Sterling wraps up small monthly loss against the dollar LONDON: The British pound ended July with another weak showing on Friday after US inflation data boosted the dollar... Published 30 Jul, 2022 03:39am
World Fed’s aggressive rate-hike path bolstered by new inflation, wage data Federal Reserve Chair Jerome Powell said this week he’s looking for compelling signs that inflation is cooling... Published 29 Jul, 2022 09:20pm
World US labor costs increase strongly in the second quarter WASHINGTON: US labor costs increased strongly in the second quarter as a tight jobs market continued to boost wage... Published 29 Jul, 2022 06:49pm
World US consumer spending beats expectations in June; inflation accelerates WASHINGTON: US consumer spending increased more than expected in June as Americans paid more for goods and services,... Published 29 Jul, 2022 06:40pm
World Fed opts for 75-basis-point rate hike, flags weakening economic data FOMC says it remains 'highly attentive' to inflation risks Updated 28 Jul, 2022 12:24am
World US goods trade deficit narrows sharply in June; inventories increase WASHINGTON: The US trade deficit in goods narrowed sharply in June amid a surge in exports, which could potentially... Published 27 Jul, 2022 07:15pm
World U.S. consumer confidence near 1-1/2-year low; house prices still high WASHINGTON: U.S. consumer confidence dropped to nearly a 1-1/2-year low in July amid persistent worries about higher... Published 26 Jul, 2022 09:43pm
World US weekly jobless claims hit fresh 8-month high The number of Americans filing new claims for unemployment benefits rose for a third straight week last week to the... Published 21 Jul, 2022 06:16pm
Opinion Credit investors see more risk ahead as recession fears rise Rising recessionary concerns are seeing some investors reduce risk in their credit exposure as they brace for an... Published 16 Jul, 2022 04:20am
World US import prices rise less than expected in June WASHINGTON: US import prices increased less than expected in June, likely as a strong dollar helped to curb gains in... Published 15 Jul, 2022 07:11pm
World US retail sales in June boosted by gasoline, automobiles WASHINGTON: US retail sales rebounded strongly in June as Americans spent more on gasoline and other goods amid... Published 15 Jul, 2022 06:55pm
Markets Recession worries keep European shares pressured LONDON: Commodity and bank stocks dragged Europe’s STOXX 600 lower on Thursday as rising bets on more aggressive... Published 15 Jul, 2022 06:20am
Markets Indian shares end lower BENGALURU: Indian shares closed lower for a fourth straight session as public sector banks and information ... Published 15 Jul, 2022 06:20am
Markets Saudi index hits 6-month low amid recession fears DUBAI: Most stock markets in the Gulf fell on Thursday, with the Saudi index wiping out its gains so far this year,... Published 15 Jul, 2022 06:20am
Markets Gold slides as dollar rallies on steep Fed rate hike bets LONDON: Gold prices shed more than 1% on Thursday, hovering near a one-year low, as the dollar extended its... Published 15 Jul, 2022 06:20am
Business & Finance Yuan eases amid broad dollar strength SHANGHAI: China’s yuan eased on Thursday, reflecting the broad strength of the dollar after the US inflation... Published 15 Jul, 2022 06:20am
Markets Japanese rubber prices at 2-month low TOKYO: Japanese rubber futures dropped to a two-month low on Thursday, as data showing the highest US inflation in... Published 15 Jul, 2022 06:20am
Markets Industrial metals tumble as dollar rises and growth slows LONDON: Industrial metals prices fell sharply on Thursday as markets braced for rapid interest rate rises that will... Published 15 Jul, 2022 06:20am
Business & Finance Pound tumbles to lowest since March 2020 LONDON: Sterling fell on Thursday and briefly hit its weakest since March 2020 below $1.18 as another bout of risk... Published 15 Jul, 2022 06:20am
World US weekly jobless claims rise for second straight week WASHINGTON: The number of Americans filing new claims for unemployment benefits rose for a second straight week last... Published 14 Jul, 2022 07:09pm
World US producer prices accelerate in June, but underlying inflation slowing WASHINGTON: US producer prices increased more than expected in June amid rising costs for energy products, but... Published 14 Jul, 2022 06:51pm
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees