Fed leaves rates unchanged, flags ‘lack of further progress’ on inflation Likely that gaining greater confidence will take longer than previously expected, says Fed Chair Jerome Powell Published 01 May, 2024 11:53pm
Markets Oil edges higher as investors eye Mideast talks, rates meeting LONDON: Oil edged up on Tuesday a day after falling as Israel-Hamas talks offered hopes of a ceasefire even as Red... Updated 30 Apr, 2024 05:53pm
Business & Finance Fed to meet amid dwindling hopes of summer rate cuts WASHINGTON: The US Federal Reserve is highly likely to keep interest rates unchanged later this week, as... Updated 29 Apr, 2024 09:20am
Business & Finance 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