China’s yuan eases amid broad dollar strength SHANGHAI: China’s yuan eased on Thursday, reflecting the broad strength of the dollar after the U.S. inflation... Published 14 Jul, 2022 11:18am
Markets Asian markets swing as US inflation spike leaves mixed feelings HONG KONG: Asian markets fluctuated Thursday as another forecast-busting US inflation print ramped up bets on a... Published 14 Jul, 2022 09:34am
Markets Tokyo stocks close higher on bargain-hunting, cheap yen TOKYO: Tokyo stocks closed higher as bargain-hunting, helped by a cheaper yen, overwhelmed losses in early... Updated 14 Jul, 2022 12:11pm
Markets Indian rupee hits life low for fourth straight day on broad dollar rally MUMBAI: The Indian rupee weakened in opening trade on Thursday to hit record lows against the greenback for a fourth... Published 14 Jul, 2022 08:55am
World Gasoline, food drive US consumer prices higher in June WASHINGTON: US consumer prices accelerated in June as gasoline and food costs remained elevated, resulting in the... Published 13 Jul, 2022 07:19pm
Business & Finance Fed flags risk US inflation could become entrenched WASHINGTON: US central bankers last month flagged the concern that sky-high inflation could become persistent and... Updated 07 Jul, 2022 11:14am
World US home prices top $400,000 for first time, crimping May sales WASHINGTON: The median US home price broke above $400,000 for the first time, sending existing home sales in May... Published 21 Jun, 2022 08:56pm
World Goldman Sachs raises probability of U.S. recession to 30% over next year Goldman Sachs sees a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous... Published 21 Jun, 2022 05:50pm
World US manufacturing output unexpectedly weak in May WASHINGTON: Production at US factories unexpectedly fell in May, the latest sign of cooling economic activity as the... Published 17 Jun, 2022 07:36pm
World US weekly jobless claims fall modestly; housing starts hit 13-month low WASHINGTON: The number of Americans filing new claims for unemployment benefits fell less than expected last week,... Published 16 Jun, 2022 08:21pm
Print Fed unveils biggest rate hike since 1994 WASHINGTON: The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday... Updated 16 Jun, 2022 10:01am
World US retail sales post first decline in five months as inflation bites WASHINGTON: US retail sales unexpectedly fell in May as motor vehicle purchases declined amid rampant shortages, and... Published 15 Jun, 2022 07:44pm
Business & Finance Fed begins meeting with massive hike possible amid price surge WASHINGTON: US central bankers opened their two-day policy meeting Tuesday amid a blistering inflation surge that ... Published 15 Jun, 2022 07:26am
Print Biden blames Republicans, Russia for soaring inflation PHILADELPHIA: President Joe Biden on Tuesday blamed Republicans and the Russian invasion of Ukraine for soaring US... Published 15 Jun, 2022 05:47am
Business & Finance Dollar higher as risky assets tumble; yen rebounds from 1998 lows NEW YORK: The safe-haven dollar rose to a fresh four-week high against a basket of currencies on Monday, supported ... Published 14 Jun, 2022 05:56am
World US consumer short-term inflation outlook worsens: NY Fed survey US consumers’ inflation expectations one year from now worsened in May but there they were still generally bullish... Published 13 Jun, 2022 08:41pm
Markets Major Gulf markets track global peers, oil prices lower DUBAI: Stock markets in the Middle East fell sharply on Sunday, mirroring the previous session’s slide in oil... Published 13 Jun, 2022 06:19am
Print Resurging US inflation puts Fed on track for more big rate hikes WASHINGTON: Red-hot US inflation is showing few signs of cooling, putting the Federal Reserve on track to continue... Published 13 Jun, 2022 06:19am
World Biden warns US inflation could last ‘for a while’ BEVERLY HILLS: President Joe Biden cautioned that US inflation could last “for a while” after data on Friday showed... Published 11 Jun, 2022 01:26pm
Markets Gold rebounds in ‘roller coaster’ trade NEW YORK: Gold prices bounced back in volatile trading on Friday, as focus turned to economic risks following an... Published 11 Jun, 2022 06:09am
Business & Finance Canadian dollar weakens 0.7pc TORONTO: The Canadian dollar fell against its broadly stronger US counterpart on Friday as investors weighed ... Published 11 Jun, 2022 06:08am
Markets US stocks tumble as May inflation tops estimates NEW YORK: Wall Street stocks fell sharply early Friday following fresh data showing surging consumer prices that... Published 10 Jun, 2022 06:57pm
World US consumer price inflation rises to 8.6% in May: govt WASHINGTON: US inflation resurged in May as the consumer price index jumped 8.6 percent compared to 2021, the... Published 10 Jun, 2022 06:26pm
World US faces ‘unacceptable levels of inflation,’ Yellen tells senators WASHINGTON: The United States faces “unacceptable levels of inflation” and an appropriate budgetary stance is needed... Published 07 Jun, 2022 07:19pm
Markets Bonds slide, yen dumped as interest rate hikes loom SINGAPORE: Asia’s stock markets edged lower on Tuesday, the yen hit a 20-year low and bond markets wavered as... Published 07 Jun, 2022 10:50am
Markets Asian stocks fall; Thai baht dips as key rates likely to be on hold Asian currencies were mixed and stocks slid on Monday, as markets looked to US inflation data later this week, while... Published 06 Jun, 2022 01:04pm
Markets Wall Street Week Ahead: US stock market rebound faces key inflation test NEW YORK: A rally that lifted US stocks from the brink of a bear market faces an important test next week, when... Published 06 Jun, 2022 08:14am
Opinion Managing inventories a pandemic headache for US businesses More than two years into the Covid-19 pandemic, American businesses are still struggling to manage their inventories... Published 06 Jun, 2022 05:57am
Business & Finance Fed’s Waller backs 50 bps rate hikes until “substantial” reduction in inflation FRANKFURT: The U.S. Federal Reserve should be prepared to raise interest rates by a half percentage point at every... Published 30 May, 2022 10:45pm
Business & Finance Euro zone government bond yields fall, focus on ECB LONDON: Euro zone government bond yields fell on Friday as investors shrugged off US inflation data and kept their... Published 30 May, 2022 05:53am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees