IMF tells Asian central banks not to follow Fed too closely WASHINGTON: The International Monetary Fund urged Asian central banks to focus on domestic inflation and avoid tying... Published 19 Apr, 2024 05:07am
Business & Finance Japan’s finance minister watches FX moves closely after dollar surges TOKYO: Japanese Finance Minister Shunichi Suzuki said he was watching currency moves closely, repeating that Tokyo... Published 15 Apr, 2024 11:35am
Markets Dollar stands tall, yen slides as US rate-cut bets recede SINGAPORE: The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the... Published 15 Apr, 2024 08:54am
Business & Finance Bank of England to hold rate despite slowing inflation LONDON: The Bank of England is widely expected to keep its main interest rate at a 16-year high Thursday, rejecting... Published 21 Mar, 2024 12:12pm
Business & Finance Bitcoin rockets to record high LONDON/SINGAPORE: Bitcoin soared to a new record high on Tuesday, fueled by investors pouring money into US spot... Published 06 Mar, 2024 04:18am
Markets Oil steady as investors weigh US rate cut outlook with Middle East tensions LONDON: Oil prices steadied on Wednesday, stabilising from losses in the previous session, as growing expectations... Updated 21 Feb, 2024 08:57pm
Markets Copper pares gains as US inflation data boosts dollar LONDON: Copper prices pared early gains on Tuesday as the dollar strengthened after US inflation data reinforced ... Published 14 Feb, 2024 02:34am
Markets Gold headed for best year since 2020 BENGALURU: Gold edged up on Friday as it looked set to mark its best year in three, supported by expectations that... Published 31 Dec, 2023 03:04am
Markets Wall Street loses steam on last day of upbeat 2023 NEW YORK: US stocks lost momentum on the final trading day of an upbeat year that witnessed the benchmark S&P ... Published 30 Dec, 2023 06:28am
Markets Tokyo shares close lower TOKYO: Tokyo stocks closed lower on Thursday as investors locked in profits and the yen drifted higher. The ... Published 29 Dec, 2023 02:58am
Business & Finance Asian currencies set for weekly gains on Fed rate-cut optimism BENGALURU: Most emerging Asian currencies were poised for weekly gains on Friday, with the Malaysian ringgit and the... Published 23 Dec, 2023 06:16am
Markets Gold prices end easy BENGALURU: Gold holds steady as markets count on Fed rate cuts Gold prices steadied above the key $2,000 level on... Published 21 Dec, 2023 03:54am
Markets Gold holds steady on Fed rate-cut hopes; focus on US inflation print Gold prices held steady above the key $2,000 level on Wednesday, supported by prospects of interest rate cuts from... Published 20 Dec, 2023 10:29am
Markets Gold extends gains as Fed’s rate-cut forecast hurts dollar BENGALURU: Gold prices extended gains on Thursday to their highest in a week after the US Federal Reserve signalled... Published 15 Dec, 2023 03:12am
Markets Financials lifts Indian shares; Fed minutes eyed BENGALURU: Indian shares rose on Tuesday, led by a rebound in financials after a two-session losing run, while a... Published 22 Nov, 2023 05:48am
Markets Nasdaq leads Wall Street higher as Microsoft hits record high NEW YORK/LONDON: The Nasdaq led gains among the main US stock indexes on Monday as Microsoft climbed on news that... Published 21 Nov, 2023 06:01am
Markets Gold retreats on Powell’s hawkish cues BENGALURU: Gold fell on Friday and was bound for a second straight weekly drop on cooling safe-haven demand and... Published 12 Nov, 2023 03:14am
Markets Copper higher on hopes of peak Fed rates, weak dollar LONDON: Copper prices edged higher on Thursday on hopes that the US Federal Reserve have stopped hiking rates, which... Published 03 Nov, 2023 06:11am
World Fed leaves rates unchanged, acknowledges economy is ‘strong’ WASHINGTON: The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase... Published 01 Nov, 2023 11:18pm
Business & Finance Fed may pause again with rates at 22-year high WASHINGTON: The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as... Updated 30 Oct, 2023 08:50am
Markets Financials lead slides in Indian shares BENGALURU: Indian shares declined on Wednesday as Bajaj Finance led a slide in financials after disappointing ... Published 19 Oct, 2023 05:10am
Markets Japan finance minister: No comment on IMF remarks on FX intervention TOKYO: Japanese Finance Minister Shunichi Suzuki on Tuesday declined to comment on remarks by an International... Published 17 Oct, 2023 10:06am
Markets Copper extends losses on firm dollar LONDON: Copper prices dipped on Friday as the dollar resumed gains on worries about high US interest rates and after... Published 15 Oct, 2023 03:19am
Markets Gold up as it heads for best week since March BENGALURU: Gold edged up on Friday and was set for its best week in seven months, deriving support from tensions in... Published 15 Oct, 2023 03:19am
Markets Oil prices rise on expectations NEW YORK: Oil prices rose on Thursday on expectations that US interest rates had peaked, but gains were capped by a... Published 13 Oct, 2023 05:50am
Business & Finance Dollar gains after US consumer prices rise NEW YORK: The dollar strengthened on Thursday after US consumer prices rose more than expected in September on a... Published 13 Oct, 2023 05:50am
Business & Finance Sterling ticks higher as trader awaits US jobs data LONDON: Sterling ticked a fraction higher against the dollar on Friday ahead of key US jobs data, while traders... Published 09 Oct, 2023 06:24am
Markets European shares fall 1pc as bond yields surge PARIS: European shares sank to fresh six-month lows on Tuesday, dragged lower by rate-sensitive utilities and miners... Published 04 Oct, 2023 06:20am
Markets Gold at seven-month low BENGALURU: Gold prices languished near a seven-month low on Tuesday, weighed down by a robust dollar and elevated... Published 04 Oct, 2023 06:20am
Business & Finance Asian currencies hit multi-month lows BENGALURU: Asian emerging market currencies bore the brunt of a strong dollar on Tuesday, with most trading at... Published 04 Oct, 2023 06:20am