Fed raises rates by half percentage point, sees economy nearing stall WASHINGTON: The Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least... Published 15 Dec, 2022 06:00am
Markets Fed lifts rates by half percentage point, sees economy nearing stall speed The Fed's policy rate, which began the year at the near-zero level, is now in a target range of 4.25% to 4.50%, the highest since late 2007 Published 15 Dec, 2022 12:22am
World US import prices fall for fifth straight month in November WASHINGTON: US import prices fell for a fifth straight month in November, weighed down by decreases in the costs of... Published 14 Dec, 2022 07:14pm
Business & Finance South Africa consumer inflation slows to 7.4% y/y in November JOHANNESBURG: South Africa’s headline consumer inflation slowed to 7.4% year on year in November from 7.6% in... Published 14 Dec, 2022 01:23pm
Markets Indian rupee edges higher, gains limited ahead of Fed decision MUMBAI: The Indian rupee made slim gains on Wednesday after softer-than-expected US inflation data reassured... Published 14 Dec, 2022 10:58am
Markets European shares climb on US inflation data MILAN: European shares climbed on Tuesday after softer-than-expected US inflation data spurred bets that the Federal... Published 14 Dec, 2022 05:57am
Markets Most Gulf markets retreat ahead of Fed meeting; Saudi rebounds DUBAI: Most stock markets in the Gulf ended lower on Tuesday ahead of a reading of US inflation on the eve of a... Published 14 Dec, 2022 05:57am
Markets Copper hits multi-month peak as dollar slides LONDON: Copper prices jumped to their highest in nearly six months on Tuesday on a weaker dollar after a further... Published 14 Dec, 2022 05:57am
Markets Dalian, Singapore iron ore futures down MANILA: Dalian and Singapore iron ore futures slipped on Tuesday, with traders curbing optimism about China’s... Published 14 Dec, 2022 05:57am
World Biden: Inflation coming down, more work to be done WASHINGTON: President Joe Biden said on Tuesday that inflation in the United States was coming down and things were... Published 13 Dec, 2022 09:33pm
World US producer prices increase in November WASHINGTON: US producer prices increased a bit more than expected in November, but the underlying trend in inflation... Published 09 Dec, 2022 07:05pm
Markets Gold firms as dollar eases; spotlight on Fed meeting, US inflation data Gold prices ticked up on Friday helped by a softer dollar, while investors braced for key US inflation data and... Published 09 Dec, 2022 09:26am
World US weekly jobless claims rise; continuing claims at 10-month high WASHINGTON: The number of Americans filing new claims for jobless benefits increased moderately last week, while... Published 08 Dec, 2022 07:53pm
Business & Finance 'Substantial majority' of Fed officials see rate hikes slowing 'soon', minutes show WASHINGTON: A "substantial majority" of policymakers at the Federal Reserve's meeting early this month agreed it... Published 24 Nov, 2022 12:32am
World US weekly jobless claims increase more than expected WASHINGTON: The number of Americans filing new claims for unemployment benefits increased more than expected last... Published 23 Nov, 2022 07:32pm
World Fed minutes may show debate over risks of aggressive rate hikes WASHINGTON: After a headlong rush this year to raise interest rates, the Federal Reserve switched this month to a... Published 23 Nov, 2022 05:20pm
World US existing home sales plunge in October; prices still elevated WASHINGTON: US existing home sales tumbled for a ninth straight month in October as the 30-year fixed mortgage rate... Published 18 Nov, 2022 08:13pm
World Fed’s Collins says more rate rises lie ahead for central bank BOSTON: Federal Reserve Bank of Boston leader Susan Collins said on Friday the central bank has more rate rises... Published 18 Nov, 2022 07:39pm
Markets Gold stalls near three-month peak on softer dollar NEW YORK: Gold stalled near a three-month peak on Wednesday, buoyed by a softer dollar, while the market focus... Published 17 Nov, 2022 05:59am
World US producer prices rise less than expected in October WASHINGTON: US producer prices increased less than expected in October, further evidence that inflation was starting... Published 15 Nov, 2022 06:53pm
Business & Finance White House says more infrastructure spending coming, rejects inflation link WASHINGTON: The White House on Tuesday said it had pushed out $185 billion in funding under a $1 trillion bipartisan... Published 15 Nov, 2022 03:11pm
Business & Finance US dollar regains ground NEW YORK/LONDON: The US dollar rose against the euro and yen on Monday, as investors kept their focus on the Federal... Published 15 Nov, 2022 05:52am
Markets Gold eases off 3-month peak as Fed warning buoys dollar, yields Gold prices retreated on Monday from a three-month peak hit in the previous session, as the dollar and US bond... Published 14 Nov, 2022 10:25am
Markets Australia, NZ dollars give up China gains on Fed warning SYDNEY: The Australian and New Zealand dollars on Monday gave up some recent gains from China easing its zero COVID... Published 14 Nov, 2022 10:09am
Markets Most Gulf bourses in black DUBAI: Most stock markets in the Gulf ended higher on Sunday with Saudi Arabian shares snapping three sessions of... Published 14 Nov, 2022 05:55am
Business & Finance Dollar extends fall after inflation data knock NEW YORK: The dollar fell across the board for a second straight day on Friday, as investors favoured riskier... Published 14 Nov, 2022 05:55am
Markets Yellen to seek clarity from China on COVID, property NUSA DUA: US Treasury Secretary Janet Yellen will seek clarity on China’s plans to ease its COVID-19 restrictions... Published 13 Nov, 2022 11:38am
Markets Oil pares losses after cooler than expected US inflation LONDON: Oil pared losses on Thursday, still heading for a fourth consecutive daily decline, as cooler than expected... Published 11 Nov, 2022 05:54am
Markets Copper gains as US inflation data points to fewer rate rises LONDON: Prices of copper and other industrial metals rose sharply on Thursday after US data showed that underlying... Published 11 Nov, 2022 05:54am
Markets Decline in wheat steadies PARIS/SINGAPORE: Chicago wheat steadied after falling to a two-month low on Thursday as market attention turned to ... Published 11 Nov, 2022 05:54am