ECB must stop quick wage growth from fuelling inflation, Lagarde says FRANKFURT: Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this... Published 31 Dec, 2022 12:39pm
Markets European shares end the week before Christmas higher PARIS: Europe’s STOXX 600 was subdued on Friday in thin pre-holiday trading after a turbulent week where hopes of... Published 26 Dec, 2022 05:48am
Business & Finance Private debt markets face reality check as companies grapple with recession LONDON: Stellar growth in private debt markets over the past decade looks set to face a reality check as a looming... Published 26 Dec, 2022 05:48am
Markets ECB’s Schnabel sees little risk of overreacting to inflation FRANKFURT: European Central Bank policymaker Isabel Schnabel sees little risk of raising borrowing costs too far at... Published 24 Dec, 2022 01:15pm
Markets Euro zone bond yields set for new week of gains Euro zone bond yields were on track to post another weekly jump on Friday as the European Central Bank pledged... Published 23 Dec, 2022 06:49pm
Markets ECB’s might raise interest rates at current pace for a while BERLIN: The European Central Bank may raise interest rates at its current pace for a “period of time” to curb... Published 22 Dec, 2022 12:15pm
Markets European shares regain ground after brutal sell-off last week PARIS: European shares advanced on Monday, supported by the energy sector, after a bruising selloff last week ... Published 20 Dec, 2022 05:58am
Markets Oil supports most Gulf markets DUBAI: Most stock markets in the Gulf edged higher on Monday supported by gains in oil prices, while the Saudi index... Published 20 Dec, 2022 05:58am
Markets Crypto assets need to be regulated at a global level, ECB’s De Guindos says MADRID: European Central Bank Vice-President Luis de Guindos said on Monday that crypto assets need to be regulated... Published 19 Dec, 2022 02:50pm
Markets Yen rises on report of Japan govt move for more flexible inflation target SINGAPORE: The yen climbed on Monday on news that the Japanese government is set to revise a joint statement with... Published 19 Dec, 2022 10:38am
Business & Finance Investment banks ramp up peak rates forecasts after hawkish ECB LONDON: A flurry of investment banks raised their forecasts for where euro zone interest rates will peak, after the... Published 19 Dec, 2022 07:27am
Markets FTSE 100 posts worst week in two months on recession fears LONDON: Britain’s blue-chip index posted its biggest weekly loss in over two months on Friday as weak domestic... Published 19 Dec, 2022 06:00am
Business & Finance ECB, BoE raise interest rates LONDON: The European Central Bank and Bank of England raised its key interest rates on Thursday and indicated that... Published 16 Dec, 2022 05:58am
Markets European shares fall; ECB rate decision in focus European shares slipped on Thursday as nervous investors awaited an interest rate decision from the bloc’s central... Published 15 Dec, 2022 01:58pm
Markets ECB tipped to follow Fed with smaller rate hike FRANKFURT: The European Central Bank is expected to follow the US Federal Reserve’s lead on Thursday and opt for a... Published 15 Dec, 2022 12:30pm
Markets Dollar falters as investors challenge Fed’s hawkishnes SINGAPORE: The dollar was on the back foot on Thursday, even as the Federal Reserve kept to its hawkish rhetoric... Published 15 Dec, 2022 10:42am
Business & Finance US dollar slips as markets expect lower inflation NEW YORK: The dollar fell on Monday in thin trading as investors priced in a lower US consumer price inflation ... Published 13 Dec, 2022 05:58am
Business & Finance ECB to raise scrutiny of banks’ credit risk, funding FRANKFURT: The European Central Bank will increase scrutiny over how banks manage credit risk and diversify funding,... Published 13 Dec, 2022 05:58am
Markets European shares fall on caution ahead of central banks’ rate decisions European shares fell on Monday, as investors braced for interest rate decisions from the US Federal Reserve and the... Published 12 Dec, 2022 01:40pm
Markets ECB mulls rate hike slowdown on ‘peak inflation’ hopes FRANKFURT: Growing hopes that the eurozone’s red-hot inflation is nearing its peak could prompt European Central... Published 12 Dec, 2022 11:27am
Markets Asian shares fall, dollar firms ahead of central bank rate hikes SYDNEY: Asian shares fell on Monday while the dollar drifted higher at the start of a hectic week, as markets... Published 12 Dec, 2022 10:13am
Markets Indian rupee likely to slip as US data stokes higher rates worry MUMBAI: The Indian rupee was expected to weaken at the open on Monday as the US dollar and Treasury yields ticked... Published 12 Dec, 2022 10:08am
Markets Dollar rises as inflation pressures persist; FOMC meeting in focus SINGAPORE: The dollar firmed on Monday after data showed producer prices in the United States rose more than... Published 12 Dec, 2022 09:40am
Print Oil rebounds, but still on track for biggest weekly declines NEW YORK: Oil prices gained around a dollar on Friday, but global benchmarks were set for their biggest weekly... Updated 10 Dec, 2022 09:59am
Markets ECB to raise deposit rate by 50 bps on Dec 15 as bloc enters winter recession LONDON: The European Central Bank will take its deposit rate up by 50 basis points next week to 2.00%, despite the... Published 09 Dec, 2022 11:39am
Business & Finance Dollar eases against euro as investors weigh rates outlook NEW YORK: The dollar edged lower on Thursday against the euro as investors weighed the outlook for US Federal ... Published 09 Dec, 2022 05:58am
Business & Finance ‘The worst is yet to come’: the curse of high inflation NEW YORK: Globally, people are experiencing inflation at levels not seen for decades as prices surge for essentials... Published 09 Dec, 2022 05:58am
Business & Finance Euro zone yields hover near lowest levels in months ahead of ECB meeting LONDON: Euro zone government bond yields held steady near their lowest levels in months on Thursday as investors... Published 09 Dec, 2022 05:58am
Markets Dollar struggles as recession worries simmer TOKYO: The US dollar remained weak on Thursday after sliding against major peers overnight for the first time this... Published 08 Dec, 2022 09:46am
Opinion World economy faces more pain in 2023 after a gloomy year This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was... Published 08 Dec, 2022 06:29am