Dollar sags as US banks’ collapse have markets wagering on no Fed hike SINGAPORE: The dollar languished near a multi-week low on Tuesday as fears of a broader systemic crisis following... Published 14 Mar, 2023 10:18am
World Biden's $6.8 trillion budget challenges Republicans, raises taxes on rich WASHINGTON: US President Joe Biden is traveling to the swing state of Pennsylvania on Thursday to unveil his federal... Published 09 Mar, 2023 11:35pm
Business & Finance Fed’s preferred inflation gauge up WASHINGTON: A key indicator of US inflation rose in January, according to government data released Friday, while... Published 25 Feb, 2023 06:42am
Business & Finance Dollar gains NEW YORK: The dollar gained modestly on Wednesday against its peers as recent strong economic data eased recession... Published 23 Feb, 2023 05:52am
Business & Finance 'Almost all' Fed officials backed quarter-percentage-point hike at last meeting, minutes show WASHINGTON: A solid majority of Federal Reserve officials agreed at their last policy meeting to slow the pace of... Published 23 Feb, 2023 12:40am
Markets Miners lift European shares PARIS: European shares inched higher on Monday, with sustained gains in miners on bets of a demand recovery in China... Published 21 Feb, 2023 05:58am
World US single-family housing starts, building permits tumble in January WASHINGTON: US single-family homebuilding fell in January, but an easing in mortgage rates and improvement in... Published 16 Feb, 2023 07:23pm
World US weekly jobless claims fall; monthly producer prices rebound WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly fell last week,... Published 16 Feb, 2023 07:04pm
World Fed’s Mester says more rate hikes needed to combat inflation Federal Reserve Bank of Cleveland President Loretta Mester said Thursday inflation remains too high and noted that... Published 16 Feb, 2023 07:00pm
Markets China stocks fall on US inflation data, geopolitical concerns SHANGHAI: China stocks fell on Wednesday, tracking other Asian markets lower after US inflation data came in higher... Published 16 Feb, 2023 06:08am
Markets Copper decline as demand uncertainty, Fed rate hike concerns weigh BEIJING: Copper prices fell on Wednesday as demand uncertainty and a firmer dollar under a higher-for-longer ... Published 16 Feb, 2023 06:08am
Business & Finance Dollar advances to six-week peak after strong US retail sales data NEW YORK: The dollar rose to a six-week high against a currency basket on Wednesday after hotter-than-expected US... Published 16 Feb, 2023 06:08am
Markets Dollar finds friends after sticky US inflation readout SINGAPORE: The dollar found some support on Wednesday after stubbornly high US inflation suggested interest rates... Published 15 Feb, 2023 09:44am
Markets IT stocks lift Indian shares BENGALURU: Indian shares advanced on Tuesday, led by gains in IT stocks ahead of US inflation data later in the day,... Published 15 Feb, 2023 06:27am
Markets European shares pare early gains as US inflation data feed rate hike jitters PARIS: European stocks ended modestly higher on Tuesday following upbeat corporate updates but pared most early ... Published 15 Feb, 2023 06:27am
Markets Wall St slides as inflation data, policymakers stoke rate worries NEW YORK: Wall Street’s main indexes slid on Tuesday after data showed consumer prices accelerated in January,... Published 15 Feb, 2023 06:27am
Business & Finance US inflation eases in January but kept high on rent and energy costs WASHINGTON: Rising rent and a gasoline price rebound helped keep US consumer prices elevated in January, according ... Published 15 Feb, 2023 06:27am
Business & Finance Dollar slips with inflation in focus LONDON: The dollar fell on Tuesday ahead of a keenly anticipated US inflation report, while the euro and sterling... Published 15 Feb, 2023 06:27am
World US inflation eases in January but kept high by rent, energy costs WASHINGTON: US consumer inflation cooled slightly in January but the figure remains markedly above policymakers’... Published 14 Feb, 2023 07:13pm
Business & Finance Rental costs, gasoline prices behind January US inflation: analysts WASHINGTON: Rising rents, a gasoline price rebound and vehicle costs helped keep US inflation elevated in January,... Published 14 Feb, 2023 10:58am
Markets Australian shares see broad gains, US inflation data in focus Australian shares climbed on Tuesday, lifted by hopes around US inflation data due later in the day, which could... Published 14 Feb, 2023 10:36am
Markets Indian shares fall; Adani stocks slide BENGALURU: Indian shares declined ahead of domestic retail inflation data due later on Monday, while an ongoing... Published 14 Feb, 2023 05:58am
Markets Japanese rubber futures lower SINGAPORE: Japanese rubber futures edged lower on Monday, as losses in the Shanghai market, domestic equities and... Published 14 Feb, 2023 05:58am
Business & Finance Dollar rises as investors look to next week’s inflation report NEW YORK: The dollar gained on Friday as investors grew concerned about a US inflation report next week that could... Published 13 Feb, 2023 05:57am
Markets Dollar defensive as investors remain cautious ahead of inflation data SINGAPORE: The dollar was on the back foot on Friday after an overnight slide as investors tread with caution ahead... Published 10 Feb, 2023 11:24am
World Fed’s foot ‘unequivocally’ on brake, sensible to move slower, Barkin says WASHINGTON: Tight monetary policy is “unequivocally” slowing the U.S. economy, allowing the Federal Reserve to move... Published 09 Feb, 2023 07:53pm
World EU recycles investment plans to counter US green subsidies BRUSSELS: Confronted by competition from Washington’s vast green tech investment plan, European leaders are... Published 09 Feb, 2023 10:28am
World Inflation starting to slow but long, 'bumpy' road ahead: Powell WASHINGTON: US inflation is starting to cool but the road ahead will likely be long and bumpy, Federal Reserve Chair... Published 08 Feb, 2023 12:35am
World Fed’s Kashkari sticks to 5.4% rate hike view after ‘surprising’ jobs report The Federal Reserve will probably have to raise interest rates to at least 5.4% in order to tame high inflation with... Published 07 Feb, 2023 06:15pm
World Fed seen hiking policy rate above 5% as hiring surges The U.S. Federal Reserve is likely to need at least two more interest-rate hikes, lifting the benchmark rate to... Published 03 Feb, 2023 09:14pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?