US yields spike after inflation report, 10-year hits 4.5% NEW YORK: U.S. Treasury yields spiked on Wednesday after inflation data came in higher than expected, lifting the... Updated 12 Apr, 2024 09:31am
Markets Euro zone yields rise as US inflation dims Fed cut hopes Euro zone bond yields rose on Wednesday after data showed U.S. inflation was stronger than expected in March,... Published 10 Apr, 2024 07:53pm
Markets IMF says US interest rates need to stay higher to bring inflation down DETROIT: The International Monetary Fund on Friday said U.S. interest rates will likely need to remain higher for... Published 26 May, 2023 11:06pm
Markets Gold prices subdued as investors look to Fed rate decision Gold prices inched down on Wednesday, a day after hitting an over two-month low, as investors awaited a policy... Published 04 May, 2022 05:55pm
Markets Wall St falls as oil climbs, Adobe drops; focus on US rate outlook NEW YORK: U.S. stock indexes fell on Wednesday as oil prices climbed and Adobe shares tumbled on a disappointing... Published 24 Mar, 2022 05:36am
Business & Finance Emerging markets drive global debt to record $303trn: IIF LONDON: Emerging market borrowing led by China inflated the global debt mountain to a record $303 trillion in 2021,... Published 24 Feb, 2022 06:34am
Markets Oil prices fall on fears of aggressive Fed rate hike Oil prices fell on Thursday despite forecasts for a steeper rise in energy demand, with crude turning negative on... Published 11 Feb, 2022 12:39am
Markets Fed flags rate hike 'soon,' plans for significant balance sheet reduction WASHINGTON: The Federal Reserve on Wednesday signalled it is likely to raise U.S. interest rates in March and... Published 27 Jan, 2022 01:54am
Markets Most Gulf bourses fall on Fed minutes, rising Covid-19 cases DUBAI: Major Gulf bourses ended lower on Thursday on worries over higher U.S. interest rates and the rapid spread of... Published 07 Jan, 2022 06:22am
Business & Finance Dollar jumps on hawkish Fed, strong consumer spending data NEW YORK: The dollar hit fresh 16-month highs against the euro on Wednesday as investors priced for the prospect ... Published 25 Nov, 2021 03:53am
Markets South African rand and stocks rally after Fed reassurance The rand traded at 14.5550 against the dollar, around 1.1pc firmer than its previous close and mirroring gains elsewhere in emerging markets. Published 29 Jul, 2021 10:40pm
Markets South African rand stronger after U.S. jobs data, markets fall The benchmark all-share index ended down 0.35pc to end the week at 66,324 points, while the all blue-chip index of top 40 companies closed the day down 0.3pc to 60,293 points. Published 02 Jul, 2021 10:47pm
Markets South Africa's rand at 16-month high after Moody's makes no change The rand rose by 0.36pc to 14.0000 against the dollar, its highest level since early January 2020, from its previous close on Friday of 14.0500. Updated 10 May, 2021 11:02pm
Markets Wall Street rises as megacap stocks bounce; Dow hits record high Energy and materials continued this week's momentum, leading gains among S&P 500 sectors, with a jump of 2.4pc and 1.1pc, respectively. Published 05 May, 2021 11:45pm