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
Markets US yields tumble as October inflation cools off NEW YORK: US Treasury yields plunged on Thursday after data showed inflation in the United States cooled in October,... Published 10 Nov, 2022 11:17pm
Print Americans vote on control of Congress and Biden’s agenda ROYAL OAK: Americans on Tuesday cast the final ballots in closely fought elections that will determine whether... Updated 09 Nov, 2022 09:29am
World Fed’s Collins says policy entering new phase, open to smaller rate hikes Boston Federal Reserve President Susan Collins said on Friday that while she supports pressing forward with interest... Published 04 Nov, 2022 08:37pm
Opinion Energy market turmoil shakes Europe’s green power plan Europe’s plan to roughly double renewable power generation by the end of the decade to cut its emissions and... Updated 04 Nov, 2022 06:35am
World US service sector slows in October; price pressures build up WASHINGTON: The US services industry grew at its slowest pace in nearly 2-1/2 years in October, but businesses... Published 03 Nov, 2022 07:36pm
World US productivity rebounds moderately in third quarter WASHINGTON: US worker productivity rebounded less than expected in the third quarter, resulting in continued upward... Published 03 Nov, 2022 06:14pm
Markets US Fed announces fourth straight 0.75 point rate hike Latest three-quarter percentage point increase takes the benchmark lending rate to 3.75-4.0 percent, the highest since January 2008 Updated 03 Nov, 2022 12:13am
Markets Gold down as dollar, yields rise on Fed rate-hike bets NEW YORK: Gold fell more than 1% on Friday as the dollar and bond yields climbed after data showed underlying... Published 30 Oct, 2022 03:57am
World US consumer spending beat expectations in September; inflation still rising WASHINGTON: US consumer spending increased more than expected in September, while underlying inflation pressures... Published 28 Oct, 2022 06:18pm
World US home price growth slows in August, surveys show WASHINGTON: US single-family home prices fell sharply on a monthly basis in August as surging mortgage rates... Published 25 Oct, 2022 06:53pm
World US business activity weakens again in October: S&P Global survey US business activity contracted for a fourth straight month in October, with manufacturers and services firms in a... Published 24 Oct, 2022 06:57pm
World US industrial output rises in September on manufacturing gain WASHINGTON: US industrial production picked up more than anticipated in September, official data showed Tuesday, as... Published 18 Oct, 2022 07:25pm
Markets US yields rise as interest rates seen moving higher NEW YORK: Treasury yields on Friday edged higher after a red-hot US inflation report the prior day raised market... Published 17 Oct, 2022 05:57am
World US retail sales unexpectedly flat in September WASHINGTON: US retail sales were unexpectedly unchanged in September as stubbornly high inflation and rapidly rising... Published 14 Oct, 2022 06:13pm
Business & Finance China consumer inflation rises to two-year high BEIJING: China’s consumer inflation hit two-year high in September, official data showed Friday, fuelled by soaring... Published 14 Oct, 2022 10:09am
Markets Fast Retailing powers Japan’s Nikkei to biggest jump in seven months TOKYO: Japanese stocks rebounded on Friday, supported by a strong performance from Fast Retailing Co Ltd, while... Updated 14 Oct, 2022 12:06pm
Markets Dollar holds firm, yen hovers around 32-year low SINGAPORE: The dollar took a breather on Friday after a volatile overnight session as red-hot US inflation data... Published 14 Oct, 2022 09:42am
Business & Finance Dollar hits fresh 24-year high vs yen NEW YORK: The dollar hit a fresh 24-year peak against the yen on Thursday, gaining across the board, after a... Published 14 Oct, 2022 03:39am
World US consumer prices increase more than expected in September; weekly jobless claims rise WASHINGTON: US consumer prices increased more than expected in September and underlying inflation pressures... Published 13 Oct, 2022 06:29pm
Markets Asia FX broadly flat as investors brace for US inflation data Asian currencies were broadly flat as investors stuck to the sidelines ahead of highly-anticipated US inflation data... Published 13 Oct, 2022 11:54am
Markets Australia, NZ dollars in holding pattern ahead of US CPI test SYDNEY: The Australian and New Zealand dollars were little changed on Thursday ahead of a key US inflation report... Published 13 Oct, 2022 09:57am
World US producer prices increase more than expected in September WASHINGTON: US producer prices increased more than expected in September amid strong gains in the costs of services... Published 12 Oct, 2022 06:18pm
Markets Gold choppy NEW YORK: Gold wobbled near a one-week low on Tuesday, with price moves restrained as investors sat tight before a... Published 12 Oct, 2022 05:46am
World Evans: close alignment on rate hikes, still chance for soft landing CHICAGO: There is a strong consensus at the U.S. Federal Reserve to raise the target policy rate to around 4.5% by... Published 10 Oct, 2022 09:45pm
World US hiring slows in September as unemployment rate dips WASHINGTON: Hiring in the US economy slowed slightly in September, as expected, while the jobless rate ticked back... Published 07 Oct, 2022 07:03pm
World Fed’s Jefferson, in first remarks, calls inflation most concerning problem ATLANTA: Inflation is the most serious problem facing the U.S. Federal Reserve and “may take some time” to address,... Published 04 Oct, 2022 09:48pm
World US manufacturing activity slowest in almost 2-1/2 years in September: ISM WASHINGTON: US manufacturing activity grew at its slowest pace in nearly 2-1/2 years in September as new orders... Published 03 Oct, 2022 08:11pm
World Fed seen sticking with rate hikes as inflation stays hot Federal Reserve policymakers, who have driven U.S. borrowing costs up faster this year than at any time since the... Published 30 Sep, 2022 07:54pm
World Fed’s Bostic backs 75-basis-point hike in November, smaller rise in December WASHINGTON: The lack of clear progress on inflation means the Federal Reserve needs “moderately restrictive”... Published 28 Sep, 2022 08:41pm