Bank shares plunge on contagion fears NEW YORK/LON-DON: Global bank shares and short-dated US Treasury yields plunged on Monday as concerns over fallout... Published 14 Mar, 2023 03:18am
Business & Finance US govt rules out SVB bailout, but wants to avoid ‘contagion’ WASHINGTON: US Treasury Secretary Janet Yellen on Sunday said the government wanted to avoid financial... Published 13 Mar, 2023 06:15am
Markets Wall Street rallies, on course for weekly gains NEW YORK: Wall Street advanced on Friday near the close of an up-and-down week, as US Treasury yields eased and... Published 06 Mar, 2023 06:22am
Opinion Top US Treasury official to warn UAE, Turkey over sanctions evasion The US Treasury Department’s top sanctions official on a trip to Turkey and the Middle East next week will warn... Published 29 Jan, 2023 03:15am
Markets Wall St jumps as jobs, services data calm rate hike worries NEW YORK: Wall Street’s main indexes rallied on Friday as data that showed cooling wages and a contraction in US... Published 09 Jan, 2023 06:01am
Markets Wall St drops as tight labour market, Fed officials’ views fan rate hike fears NEW YORK: Wall Street’s main indexes fell sharply on Thursday as fresh evidence of a tight labor market and ... Published 06 Jan, 2023 05:58am
Print World Bank seeks more funds WASHINGTON: The World Bank is seeking to vastly expand its lending capacity to address climate change and other... Updated 04 Jan, 2023 09:44am
Markets Dollar steadies as optimism over China reopening turns to caution SINGAPORE: The dollar steadied on Thursday after riding long-end US Treasury yields higher overnight, as initial... Published 29 Dec, 2022 10:36am
Markets Yields rise, FOMC minutes in focus NEW YORK: US Treasury yields rose on Friday on expectations that the Federal Reserve will continue hiking rates ... Published 21 Nov, 2022 05:59am
World US sanctions target Russian arms supply network, oligarch Kerimov WASHINGTON: The US Treasury announced sanctions on Monday on a Russian defense procurement network and blacklisted... Published 14 Nov, 2022 10:32pm
Markets Yields mixed as soft spots in jobs data spur Fed pivot hopes NEW YORK: Treasury yields were mixed on Friday after government data showed US payrolls increasing more than ... Published 07 Nov, 2022 05:49am
Business & Finance US yields rise as speculation on Fed easing ebbs NEW YORK: US Treasury yields rose on Friday after data showed underlying inflation pressures remain elevated,... Published 31 Oct, 2022 05:55am
Business & Finance Dollar gains with Treasury yields NEW YORK: The dollar bounced from two-week lows on Wednesday as Treasury yields rose to 14-year highs, while ... Published 20 Oct, 2022 05:36am
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
Markets Nasdaq jumps as easing Treasury yields lift growth stocks; Twitter surges NEW YORK: The Nasdaq led Wall Street higher on Tuesday, powered by megacap growth and technology stocks as US... Published 05 Oct, 2022 05:49am
Business & Finance Dollar falls as US yields ease; euro rallies NEW YORK/LONDON: The dollar slid against major currencies on Tuesday as the yield on the benchmark US 10-year... Published 05 Oct, 2022 05:49am
Business & Finance US unveils new rules to track shell companies WASHINGTON: The US Treasury on Thursday unveiled new rules that will require firms doing business in the country to... Published 30 Sep, 2022 05:52am
World Turkey bows to US pressure, cuts Russian bank ties ISTANBUL: Turkey’s booming wartime trade with Moscow took a giant step back on Wednesday with confirmation that ... Published 29 Sep, 2022 07:05am
Markets Gold sinks to more than 2-year low BENGALURU: Gold prices fell more than 1% to their lowest since April 2020 on Friday as a cocktail of factors from a... Published 26 Sep, 2022 06:07am
Markets World markets plunge on growing recession fears LONDON: Stock markets tumbled, the pound crashed against the dollar and oil prices slumped Friday on growing... Published 26 Sep, 2022 06:07am
Business & Finance China’s yuan ends near 28-month low SHANGHAI: China’s yuan finished the domestic trading session at a near 28-month low on Friday and looked set for... Published 26 Sep, 2022 06:07am
Business & Finance US yields ease NEW YORK: Treasury yields retreated on Friday after FedEx Corp’s warning of an accelerating global demand slowdown... Published 19 Sep, 2022 05:45am
Opinion US Treasury traders switch strategies as liquidity problems worsen Investors in the $23 trillion US Treasury market are slicing up orders and switching to more easily traded issues,... Published 01 Sep, 2022 05:50am
World US warns of sanctions against Turkey over Russia ties ISTANBUL: Turkey’s top business association has confirmed receiving a letter from the US Treasury warning of... Published 25 Aug, 2022 06:09am
World US warns of sanctions against Turkey over Russia ties ISTANBUL: Turkey's top business association has confirmed receiving a letter from the US Treasury warning of... Published 24 Aug, 2022 04:46pm
Business & Finance US 10-year note flirts with 3pc yield after German inflation scare NEW YORK: US Treasury yields rose on Friday with the benchmark 10-year note nearly hitting 3% after Germany reported... Published 22 Aug, 2022 06:33am
World US funnels another $4.5bn to Ukraine through WB WASHINGTON: The World Bank on Monday announced it was mobilizing another $4.5 billion in US-provided financial... Published 09 Aug, 2022 03:37am
Markets Gold gains as dollar, yields slip; focus on US inflation data NEW YORK: Gold prices rose on Monday following a pullback in the dollar and US Treasury yields, while investor focus... Published 09 Aug, 2022 03:37am
Markets JGB yields track US peers higher after strong US jobs data TOKYO: Japanese government bond (JGB) yields rose on Monday, tracking US Treasury peers that rose sharply in the... Published 08 Aug, 2022 10:44am
World US sanctions Putin ‘girlfriend,’ other oligarchs WASHINGTON: The United States blacklisted Russian President Vladimir Putin’s purported girlfriend and the tycoon... Published 04 Aug, 2022 07:25am