Surging oil prices, dollar to test RBI resolve on rupee MUMBAI: The Indian rupee is likely to open weaker on Friday after oil prices and the dollar index climbed to... Published 15 Sep, 2023 09:58am
Markets Oil hits 2023 highs on tight supply outlook HOUSTON: Oil prices climbed on Thursday to their highest this year, as expectations of tighter supply outweighed... Published 15 Sep, 2023 06:31am
Markets Euro rises from near 3-month low before ECB; Aussie jumps TOKYO: The euro pulled away from near a three-month low to the US dollar on Thursday as attention turned to the... Published 14 Sep, 2023 12:21pm
Markets Dollar hovers below 3-month high to euro as ECB decision looms TOKYO: The US dollar hovered below a three-month high to the euro on Thursday as attention turned to the European... Published 14 Sep, 2023 09:31am
Markets Dollar steady ahead of key US inflation data, yen retraces gains TOKYO: The dollar was broadly steady on Wednesday ahead of a key US inflation report later in the day, though it... Published 13 Sep, 2023 09:44am
Markets Markets await US inflation test, surging oil add to price jitters SYDNEY: Asian shares were subdued after Wall Street wobbled overnight with markets bracing for key US inflation data... Published 13 Sep, 2023 09:38am
Markets Oil prices spike on tight supplies and upbeat OPEC LONDON: Oil prices jumped by about 1% on Tuesday, boosted by a tighter supply outlook and OPEC optimism over the... Updated 12 Sep, 2023 08:22pm
Markets Pause or hike? ECB rate decision on a knife edge FRANKFURT: The European Central Bank is walking a tightrope between still-high inflation and a darkening eurozone... Published 11 Sep, 2023 12:01pm
Business & Finance Global economic transformation risks fuelling inflation: Lagarde JACKSON HOLE (Wyoming): Profound changes in how the global economy operates, from increased protectionism to energy... Published 28 Aug, 2023 06:27am
Business & Finance US growth, a puzzle to policymakers, could pose global risks JACKSON HOLE: US economic growth, still racing at a potentially inflationary pace as other key parts of the world... Published 27 Aug, 2023 10:16am
Business & Finance ECB rate pause now may be too early: policymaker JACKSON HOLE: It may be too early for the European Central Bank to pause interest rate hikes now as an early stop in... Published 27 Aug, 2023 03:05am
Business & Finance Eurozone economic downturn deepens in August BRUSSELS: The eurozone economy is contracting at its fastest rate in three years as a steep decline in manufacturing... Published 24 Aug, 2023 06:22am
Markets European shares fall, German blue-chips hit record high PARIS: European shares retreated from multi-month highs on Friday after a mixed bag of earnings and a surprise Bank... Published 31 Jul, 2023 06:43am
Markets Bank of England set to raise rates to 5.25% as high inflation persists LONDON: The Bank of England looks likely to raise rates by a quarter-point to 5.25% on Aug. 3, though economists and... Published 28 Jul, 2023 11:01am
Business & Finance ECB cuts rates paid to banks on minimum reserves FRANKFURT: The European Central Bank cut the interest rate it pays to banks on their minimum reserves to zero,... Published 27 Jul, 2023 06:18pm
Business & Finance ECB raises rates to 23-year high; keeps options open for September FRANKFURT: The European Central Bank raised interest rates for the ninth consecutive time on Thursday and kept the... Published 27 Jul, 2023 06:04pm
Markets Oil climbs close to April peak on tighter supply LONDON: Oil climbed almost 1% on Thursday, recouping losses from the previous session, supported by supply tightness... Updated 27 Jul, 2023 01:48pm
Markets Euro staggers as traders wary of hawkish ECB; dollar gains SINGAPORE: The euro hit a two-week low on Tuesday as a worsening downturn in euro zone business muddied the bloc’s... Published 25 Jul, 2023 10:02am
Markets ECB to raise rates by 25 basis points in July, slim majority say Sept too BENGALURU: The European Central Bank will raise interest rates by 25 basis points on July 27, according to all... Updated 20 Jul, 2023 11:18am
Markets Sterling takes a beating; dollar gains ground SINGAPORE: Sterling was struggling to recover from a sharp fall on Thursday following UK inflation data that... Published 20 Jul, 2023 09:26am
Markets Gold prices tick up as traders await Fed cues Gold prices edged up on Tuesday on a dollar that was close to hitting its lowest in over a year, while traders... Published 18 Jul, 2023 09:49am
Business & Finance Dollar steadies after biggest weekly loss this year NEW YORK: The dollar edged higher against a basket of currencies on Monday after last week suffering its largest... Published 18 Jul, 2023 05:51am
Business & Finance ECB open to raising rates past July, account shows FRANKFURT: The European Central Bank may need to continue raising interest rates beyond this month to bring... Published 13 Jul, 2023 05:05pm
Markets European shares rise as US data soothes economic slowdown fears European shares climbed on Wednesday after robust US data soothed concerns about a steep economic slowdown, while... Published 28 Jun, 2023 01:14pm
Markets ECB wants euro zone banks out of Russia faster: Enria The European Central Bank wants lenders to speed up their exit from Russia given the increased reputational, legal... Published 27 Jun, 2023 12:59pm
Markets BIS warns world economy at critical juncture in inflation fight LONDON: The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for... Published 25 Jun, 2023 05:50pm
Markets Gold listless as investors hunt for Fed rate clues Gold prices held steady on Tuesday, after moving in a tight range in holiday-thinned trading, as market participants... Published 20 Jun, 2023 09:41am
Markets JP Morgan now forecasts 4% peak for key ECB rate JP Morgan said on Friday it expected the European Central Bank to hike interest rates by another 25 basis points in... Published 16 Jun, 2023 11:23am
Markets Oil heads for weekly gain as supply cuts balance demand concerns NEW YORK: Oil edged higher on Friday and was on course for a weekly gain, as higher Chinese demand and OPEC+ supply... Updated 16 Jun, 2023 08:28pm
Markets European shares slip after ECB rate hike PARIS: European shares slipped on Thursday after the European Central Bank (ECB) raised borrowing costs as expected... Published 16 Jun, 2023 07:21am