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
Business & Finance Possible Fed could raise rates beyond December forecast: Powell NEW YORK: Federal Reserve Chairman Jerome Powell said on Wednesday he is not fully sure where the central bank will... Published 02 Feb, 2023 04:51am
World US house price inflation slows further in November WASHINGTON: US single-family home price growth cooled further in November, surveys showed on Tuesday, which together... Published 31 Jan, 2023 09:01pm
World France, Netherlands agree on ways EU could deal with US state aid, Dutch PM says AMSTERDAM: France and the Netherlands are aligned when it comes to the ways the European Union could deal with the... Published 31 Jan, 2023 12:45am
World Fed’s words in focus as markets bet rate hikes will soon end U.S. central bankers have unambiguously telegraphed this week’s policy decision: a quarter-of-a-percentage-point... Published 30 Jan, 2023 04:56pm
Markets Gulf stocks rise on hope of slower Fed rate hikes DUBAI: Stock markets in the Gulf ended higher on Sunday after cooling US inflation lifted expectations the Federal... Published 30 Jan, 2023 05:56am
Business & Finance Cooling US inflation lifts hope for smaller Fed rate hike WASHINGTON: Slowing inflation and a cooling property sector are fueling expectations that the US central bank can... Published 30 Jan, 2023 05:56am
Business & Finance Cooling US inflation lifts hope for smaller Fed rate hike WASHINGTON: Slowing inflation and a cooling property sector are fueling expectations that the US central bank can... Published 29 Jan, 2023 12:14pm
World US consumer spending falls; inflation cooling WASHINGTON: US consumer spending fell in December, putting the economy on a lower growth path heading into 2023,... Published 27 Jan, 2023 07:13pm
World Fed seen raising rates twice more, then stopping, as inflation slows Traders of futures tied to the Federal Reserve’s policy rate kept bets on Friday that the U.S. central bank will... Published 27 Jan, 2023 07:09pm
World US business activity still soft in early 2023, but outlook perks up NEW YORK: US business activity contracted for the seventh straight month in January, though the downturn moderated... Published 24 Jan, 2023 08:40pm
Markets US Fed official favors smaller rate hike in February WASHINGTON: There is ample evidence that a steep climb in interest rates has dampened demand and economic activity,... Published 20 Jan, 2023 11:45pm
Markets China demand optimism sets oil on track for strong weekly gain LONDON: Oil prices rose on Friday and were on track to gain over 7% on the week due to solid signs of demand growth... Updated 13 Jan, 2023 08:55pm
Markets Most Gulf markets rise on higher oil prices DUBAI: Most major Gulf equities closed higher on Thursday, tracking global peers and oil prices higher on optimism... Published 13 Jan, 2023 06:05am
Markets Indian shares drop ahead of inflation data BENGALURU: Indian shares fell for the third session in a row on Thursday, with investors on edge ahead of earnings... Published 13 Jan, 2023 06:05am
Markets Gold rises after US inflation data ease concerns NEW YORK: Gold prices pared gains after earlier jumping more than 1% to above the key $1,900 per ounce pivot on... Published 13 Jan, 2023 06:05am
Markets Oil up more than $1 on US inflation data NEW YORK: Oil prices rose by more than $1 a barrel on Thursday, extending gains after figures showed U.S consumer... Published 13 Jan, 2023 06:05am
Business & Finance Dollar falls to nearly 9-month low vs euro NEW YORK: The US dollar tumbled to a nearly 9-month low against the euro on Thursday after US inflation data... Published 13 Jan, 2023 06:05am
Business & Finance Dollar, euro rangebound NEW YORK: The dollar was little changed on Wednesday versus the euro and other major currencies as traders held off... Published 12 Jan, 2023 07:06am
Markets Oil gains 2pc on optimism over global economy NEW YORK: Oil prices rose 2 percent to a one-week high on Wednesday as hopes for an improved global economic outlook... Published 12 Jan, 2023 06:59am
Markets Copper rises above $9,000 for first time since June LONDON: Copper prices rose above $9,000 a tonne on Wednesday for the first time since June on hopes that Chinese... Published 12 Jan, 2023 06:59am
Markets Gulf stocks skid ahead of US inflation data DUBAI: Gulf stock markets fell on Wednesday, with banking shares taking the biggest hit across the markets, as... Published 12 Jan, 2023 06:56am
Markets Asian markets rise again on recovery hope as inflation data looms HONG KONG: Asian equities pushed higher Wednesday as investors were buoyed by China’s reopening and optimism that... Published 11 Jan, 2023 11:49am
Business & Finance Dollar holds near seven-month lows as traders await data NEW YORK: The dollar was little changed versus the euro and other major currencies on Tuesday, hovering around its... Published 11 Jan, 2023 05:53am
Markets Fed official sees chance to lower inflation without major downturn WASHINGTON: US unemployment has stayed low despite rising interest rates and easing inflation, representing a... Published 10 Jan, 2023 11:15pm
Markets Fed wants 'flexibility' on rates as inflation remains key focus, minutes show WASHINGTON: All officials at the Federal Reserve's Dec. 13-14 policy meeting agreed the U.S. central bank should ... Published 05 Jan, 2023 12:55am
Business & Finance Fed’s preferred inflation gauge eases while spending stalls WASHINGTON: A key indicator of US inflation edged down in November, according to government data released Friday, in... Published 24 Dec, 2022 05:50am
Markets US Fed’s preferred inflation gauge eases in November WASHINGTON: A key indicator of US inflation edged down from a year ago in November, according to government data... Published 23 Dec, 2022 07:53pm
World US weekly jobless claims rise slightly; third-quarter GDP revised higher WASHINGTON: The number of Americans filing new claims for unemployment benefits increased less than expected last... Published 22 Dec, 2022 08:10pm
World EU faces subsidy race with US in trade spat BRUSSELS: EU leaders debated how to protect their industries from subsidised American competition, amid fears of a... Published 16 Dec, 2022 05:58am