European debt yields steady FRANKFURT: Euro zone borrowing costs steadied on Friday, while US Treasury yields hovered near multi-month highs... Published 18 Nov, 2024 02:54am
Business & Finance Dollar set for strong weekly rise NEW YORK: The US dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed... Published 16 Nov, 2024 06:04am
World Fed cuts rates, notes labor market easing and solid economic growth Slashes benchmark interest rate by 25 basis points to target range of 4.5% to 4.75% Published 08 Nov, 2024 12:20am
World US Fed Chair sees ‘further disinflation’ in economy WASHINGTON: The United States is set to see inflation cool further towards policymakers’ target, Federal Reserve... Published 01 Oct, 2024 12:23am
World Fed cuts rates by half a percentage point, cites ‘greater confidence’ about inflation Fed had held policy rate in the 5.25%-5.50% range since July of 2023 as inflation fell from a 40-year high to a level that is now approaching the central bank's target Updated 19 Sep, 2024 12:23am
Markets Gold ekes out gains as traders strap in for Powell’s Speech BENGALURU: Gold prices gained on Friday on a softer dollar, while traders braced ahead of Federal Reserve Chair... Published 25 Aug, 2024 03:05am
Markets Nikkei rises as BOJ chief softens hawkish tone TOKYO: Japan’s Nikkei share average ended Friday with gains following a rollercoaster session as traders reacted ... Published 24 Aug, 2024 06:23am
Markets China shares snap three-day losing streak SHANGHAI: China stocks ended higher on Friday after three straight sessions of losses, while Hong Kong shares fell ... Published 24 Aug, 2024 06:23am
Markets European shares end higher as Powell backs rate cuts FRANKFURT: Europe’s STOXX 600 ended near session-highs amidst broad-based gains on Friday, as global markets... Published 24 Aug, 2024 06:23am
Markets S&P 500 nears record high as Powell signals rate cut NEW YORK: All three major US stock indexes gained more 1 percent on Friday, with the benchmark S&P 500 nearing ... Published 24 Aug, 2024 06:23am
Markets Wall Street slips as yields perk up NEW YORK: Wall Street’s main indexes fell in volatile trading on Thursday, as rising Treasury yields pressured... Published 23 Aug, 2024 03:24am
Markets Oil prices edge down on worries about Chinese demand HOUSTON: Oil prices declined on Tuesday on worries of a slowing Chinese economy crimping demand and despite a ... Published 17 Jul, 2024 02:42am
Markets Nasdaq, S&P 500 power on as Nvidia surge lifts tech stocks NEW YORK: The S&P 500 and the Nasdaq hovered at record highs on Tuesday, propelled by gains in Nvidia and other... Published 10 Jul, 2024 03:14am
Markets French stocks drag European shares lower on political concerns PARIS: European shares dropped for a third straight session on Tuesday, dragged down by weakness in French stocks as... Published 10 Jul, 2024 03:14am
Business & Finance Dollar gains as Fed’s Powell cautious on rate cuts NEW YORK: The dollar gained on Tuesday after Federal Reserve Chair Jerome Powell acknowledged progress in inflation,... Published 10 Jul, 2024 03:14am
Business & Finance Indian rupee ends flat MUMBAI: The Indian rupee closed nearly flat on Tuesday, tracking largely subdued price action in its Asian peers, as... Published 10 Jul, 2024 03:14am
Business & Finance Most Asian currencies dip BENGALURU: Most Asian currencies edged lower on Tuesday while regional stocks were mixed as global markets awaited... Published 10 Jul, 2024 03:14am
Markets Oil prices drop as interest rate policy spurs fuel demand worries HOUSTON: Oil prices rose about 1% on Friday, but fell for the week on worries that strong US economic data would ... Published 26 May, 2024 02:56am
Business & Finance US Fed’s Powell expects inflation to fall, though not as confident as before AMSTERDAM: Federal Reserve Chair Jerome Powell said on Tuesday he expects U.S. inflation to resume declining through... Published 14 May, 2024 08:48pm
Business & Finance Yen slightly higher after suspected intervention NEW YORK: The yen was slightly stronger on the day on Thursday after a sudden rally late on Wednesday that traders ... Published 03 May, 2024 06:29am
Markets Gold near four-week low, eyes on Fed BENGALURU: Gold prices held near a four-week low on Wednesday ahead of a US Federal Reserve policy decision that... Published 02 May, 2024 04:58am
World 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
Business & Finance Most Asian currencies muted ahead of Fed decision BENGALURU: Asian emerging market currencies were subdued on Monday after inflation data in the United States further... Published 30 Apr, 2024 03:43am
Markets Oil falls ahead of US jobs data NEW YORK: Oil prices fell on Thursday as caution over macroeconomic activity weighed against output cuts and... Published 05 Apr, 2024 04:50am
Business & Finance US dollar lower NEW YORK: The US dollar was down on Tuesday after earlier hitting its highest in almost five months, following a new... Published 03 Apr, 2024 05:29am
Business & Finance US Fed’s preferred inflation gauge ticks up as fuel costs rise WASHINGTON: The US central bank’s favored measure of inflation edged higher last month on the back of rising fuel... Published 30 Mar, 2024 06:53am
Markets Wall St holds ground ahead of Fed decision NEW YORK: Wall Street’s main stock indexes were little changed on Wednesday as investors awaited the conclusion of... Published 21 Mar, 2024 05:22am
Business & Finance Fed still sees three rate cuts in 2024 amid sticky inflation, stronger economy WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, but policymakers indicated they still... Published 20 Mar, 2024 11:13pm
Markets Gold loses footing as US dollar bumps higher Gold prices retreated on Tuesday, hurt by a strengthening US dollar, while investors geared up for the Federal... Published 20 Mar, 2024 03:00am
Business & Finance US dollar set for best weekly gain NEW YORK: The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the US economy... Published 16 Mar, 2024 06:26am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points