Sterling edges up against dollar LONDON: Sterling edged up against a weaker dollar on Monday, hovering near a three-month high, even as Britain’s... Published 29 Nov, 2022 05:57am
Business & Finance Sterling set for third straight weekly gain, but vulnerable LONDON: Sterling was slightly lower on Friday but still set for its third consecutive weekly gain against a ... Published 28 Nov, 2022 05:48am
Business & Finance Covid in China sets sterling for biggest daily fall in two weeks LONDON: Sterling slipped against a strengthening US dollar on Monday as global risk sentiment was dented by rising... Published 22 Nov, 2022 03:23am
Business & Finance UK unveils recession budget following markets chaos LONDON: Britain on Thursday unveiled a painful budget with £55 billion ($65 billion) of tax hikes and spending cuts... Published 18 Nov, 2022 05:53am
Business & Finance BoE could deepen UK recession if it raises rates further LONDON: The Bank of England’s newest interest rate-setter Swati Dhingra said on Wednesday that the British central... Published 16 Nov, 2022 08:21pm
World UK’s Hunt: ‘Tough’ decisions on tax and spending needed to tackle inflation LONDON: British finance minister Jeremy Hunt said on Wednesday “tough but necessary” decisions were required to... Published 16 Nov, 2022 02:08pm
Business & Finance UK inflation accelerates to 41-year peak LONDON: British inflation has accelerated to the highest level for 41 years, driven by soaring energy, food and... Published 16 Nov, 2022 01:03pm
Markets Dollar ascendant; sterling slumps on lower rate expectations, bleak outlook SINGAPORE: The dollar looked set to post its best week in over a month on Friday on expectations that US rates could... Published 04 Nov, 2022 09:59am
Business & Finance Bank of England makes historic rate hike despite ‘very challenging’ outlook LONDON: The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989 as... Updated 03 Nov, 2022 08:40pm
Markets Sterling slumps ahead of BoE decision after Fed hikes rates again LONDON: Sterling dropped against the dollar on Thursday after the Federal Reserve jacked up interest rates again,... Published 03 Nov, 2022 02:55pm
Markets Bank of England set for biggest rate hike in 33 years LONDON: The Bank of England is widely expected to hike its key interest rate on Thursday by the biggest amount since... Published 03 Nov, 2022 10:29am
Markets Dollar rallies as Fed signals more rate hikes; pound drops LONDON: The dollar rose on Thursday, buoyed by a sharp rise in Treasury yields, after the Federal Reserve signaled... Updated 03 Nov, 2022 02:20pm
Business & Finance Top bankers give mixed views on global risks at summit HONG KONG: There are growing signs inflation could be brought under control, top bankers said at a summit in Hong... Published 03 Nov, 2022 05:50am
Markets Dollar sags as Fed decision looms; yen surges TOKYO: The US dollar slipped from near a one-week peak versus major peers on Wednesday, with traders on tenterhooks... Published 02 Nov, 2022 09:11am
World Climate activists spray-paint London buildings orange LONDON: London police on Monday arrested six people after environmental campaigners doused four landmark buildings ... Published 01 Nov, 2022 05:55am
Business & Finance Sterling may decide if BoE can talk markets off a cliff LONDON: The Bank of England has the uneviable task of convincing markets they are wrong about how high UK interest... Published 24 Oct, 2022 07:01am
Opinion Understanding the forex market The last few months have been a roller coaster for the Pakistani Rupee (PKR) and there is a lot of talk about market... Published 23 Oct, 2022 03:21am
Markets European shares rise after UK’s Truss resigns LONDON: European shares rose on Thursday after Liz Truss said she was resigning as the United Kingdom’s prime... Published 21 Oct, 2022 05:57am
Markets NZ dollar jumps on rate hike bets, risk-on rally, Aussie lags SYDNEY: The New Zealand dollar jumped on Tuesday, buoyed by rising expectations that the its central bank will have... Published 18 Oct, 2022 12:11pm
Markets Sterling jumps vs dollar on UK U-turn; yen scrabbles off 32-year trough TOKYO: The dollar lost ground against sterling and other major peers on Tuesday as investor sentiment picked up... Published 18 Oct, 2022 12:08pm
Markets BoE set to delay quantitative tightening until gilt markets calm The Bank of England is likely to delay the sale of billions of pounds of government bonds in a bid to encourage... Published 18 Oct, 2022 10:16am
Markets Dollar tests 32-year peak to yen; Aussie, kiwi rise on rate bets TOKYO: The dollar hovered near a 32-year peak above 149 yen on Tuesday even as it took a breather from a rally... Published 18 Oct, 2022 09:14am
Markets UK finance minister seeks to stem bond rout by rushing forward tax plan LONDON: New British finance minister Jeremy Hunt, seeking to stem a dramatic loss of confidence among investors in... Published 17 Oct, 2022 12:35pm
Markets Pound rallies ahead of new finance minister’s plans; yen wobbles LONDON: The pound rallied on Monday as Britain’s new finance minister prepared to unveil more fiscal plans aimed at... Updated 17 Oct, 2022 02:15pm
World UK finance minister Hunt vows to win back financial market trust LONDON: New finance minister Jeremy Hunt promised to win back Britain's economic credibility by fully accounting for... Published 16 Oct, 2022 11:20pm
Business & Finance BoE’s Bailey has ‘meeting of minds’ with Hunt on fixing UK crisis WASHINGTON: Bank of England Governor Andrew Bailey said there was an “immediate meeting of minds” when he spoke... Published 16 Oct, 2022 03:53am
Business & Finance BoE’s Bailey says stronger rates response needed to fight inflation WASHINGTON: Bank of England Governor Andrew Bailey said inflation pressures might require a bigger interest rate... Published 15 Oct, 2022 07:38pm
Markets BoE signals to lenders it is prepared to extend bond purchases The Bank of England has signalled privately to lenders that it was prepared to extend its emergency bond-buying... Updated 12 Oct, 2022 10:27am
Markets European shares hit over 1-week low LONDON: European shares fell for a fifth straight session on Tuesday, as investors fretted about the prospects of a... Published 12 Oct, 2022 05:46am
World UK Deputy PM: ‘absolutely confident’ people’s pensions are safe LONDON: British Deputy Prime Minister Therese Coffey said on Tuesday she was confident that people’s pensions were... Published 11 Oct, 2022 12:42pm
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees