Crude oil prices slide $4 as banking fears rattle markets LONDON: Oil prices fell $4 on Monday along with equities as the collapse of Silicon Valley Bank raised fears of a... Updated 13 Mar, 2023 06:10pm
Markets Oil steadies as French strike and weaker dollar balance recession fears LONDON: Oil steadied on Thursday after a two-day decline as strike-disrupted fuel supply in France, a drop in U.S.... Updated 09 Mar, 2023 07:51pm
Markets Oil extends losses as rate hike concerns spur sell-off HOUSTON: Oil prices traded lower on Wednesday, extending losses after US government data pointed to weak demand,... Published 09 Mar, 2023 06:23am
World US prepared to return to bigger rate hikes if strong data persists: Powell WASHINGTON: The United States is prepared to increase the pace of interest rate hikes if strong economic data... Published 07 Mar, 2023 11:37pm
Markets Wall St set for February losses as rate fears grow NEW YORK: The benchmark S&P 500 slipped and the main US indexes were set for monthly losses on Tuesday as... Published 01 Mar, 2023 07:25am
Business & Finance Dollar little changed, but headed for 1st monthly gain since September NEW YORK: The dollar was flat to slightly lower against major currencies on Tuesday in choppy trading, after a round... Published 01 Mar, 2023 07:22am
Markets Copper declines as markets brace for more US rate hikes LONDON: Copper prices fell on Thursday as the prospect of further US interest rate rises sent caution through ... Published 24 Feb, 2023 06:00am
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 Wall Street dips as Fed decision looms; AMD boosts chipmakers US stock indexes fell on Wednesday ahead of the Federal Reserve's decision on interest rates later in the day, while... Published 01 Feb, 2023 10:29pm
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 Wall St rises in volatile trade as investors assess inflation data NEW YORK: Wall Street’s main indexes rose in choppy trade on Thursday as cooling inflation supported bets of... Published 13 Jan, 2023 06:05am
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 Energy, financial stocks lift Wall St after BOJ policy surprise NEW YORK: Wall Street’s main indexes edged higher on Tuesday, led by energy and financial stocks, after the Bank ... Published 21 Dec, 2022 06:05am
Print 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
Markets Copper extends gains on China demand hopes LONDON: Copper prices on Thursday added to gains from the previous session as investors bet that slower US interest... Published 02 Dec, 2022 05:47am
Business & Finance Fed could cut interest rates in 2024, Williams says NEW YORK: New York Federal Reserve President John Williams on Monday declined to say how fast and how far he ... Published 28 Nov, 2022 11:41pm
Markets China markets end higher on fresh property support HONG KONG: China stocks traded in a tight range and ended higher on Wednesday, helped by the latest round of ... Published 24 Nov, 2022 04:28am
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
Markets Gulf bourses slide on Fed rate hike prospects DUBAI: Most stock markets in the Gulf fell on Sunday with fears about sharp US interest rate hikes and the prospect... Published 21 Nov, 2022 05:59am
Markets Oil settles up as further interest rate hikes loom LODON/MELBOURNE/SINGAPORE: Oil prices settled up by more than 5% on Friday amid uncertainty around future interest... Published 06 Nov, 2022 03:44am
Business & Finance Fed delivers big rate hike WASHINGTON: The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it... Updated 03 Nov, 2022 09:41am
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
Business & Finance Fed delivers another big rate hike; Powell vows to 'keep at it' WASHINGTON: Federal Reserve Chair Jerome Powell vowed on Wednesday that he and his fellow policymakers would "keep... Updated 22 Sep, 2022 04:46am
Markets Wall Street returns to positive stance after brief post-Fed wobble Wall Street's main indexes returned to positive territory in mid-afternoon trading on Wednesday after a brief wobble... Published 22 Sep, 2022 12:00am
Markets Dollar’s strength sets gold on its longest losing streak since Nov BENGALURU: Gold prices slipped for a fifth consecutive session on Friday, in its longest losing run since November... Published 21 Aug, 2022 05:16am
Markets European shares edge higher on defensive lift PARIS: European shares hovered near two-month highs on Monday as signs of a slowing Chinese economy prompted... Published 16 Aug, 2022 03:59am
World Fed opts for 75-basis-point rate hike, flags weakening economic data FOMC says it remains 'highly attentive' to inflation risks Updated 28 Jul, 2022 12:24am
Business & Finance Yuan weakens ahead of Fed SHANGHAI: China’s yuan slightly weakened against the dollar on Tuesday ahead of an expected US interest rate hike... Published 27 Jul, 2022 05:23am
Business & Finance Pound struggles around $1.20 LONDON: Sterling held around the $1.20 level versus the US dollar on Monday as traders worried about the outlook of... Published 26 Jul, 2022 04:31am