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Business & Economy Published 04 May, 2023 10:44am

Dollar slides after Fed signals pause; banking woes dent confidence

The Fed on Wednesday raised its benchmark overnight interest rate

Business & Economy Published 04 May, 2023 10:19am

Fed raises rates, opens door to pause in tightening cycle

The U.S. central bank raised its benchmark overnight interest rate

Business & Economy Published 01 May, 2023 08:52am

Gold slips on firmer dollar, spotlight on Fed meeting

If the Fed comes out unexpectedly hawkish, then it won’t bode well for gold

Business & Economy Published 27 Apr, 2023 01:22pm

Gold climbs on subdued dollar, US data in spotlight

The dollar index eased 0.1% on the day

Business & Economy Published 25 Apr, 2023 02:23pm

Central banks cut dollar operations with Fed as market stress eases

The daily tenders were made available after the failure of Silicon Valley Bank

Business & Economy Published 02 Jan, 2023 03:50pm

Gulf equities ring in new year on mixed note as oil, recession worries weigh

2023 is going to be a tough year, warns IMF

Business & Economy Updated 16 Dec, 2022 02:46pm

Govt slashes petrol prices by Rs10 per litre

Petrol will now be available at Rs214.80

Business & Economy Published 16 Sep, 2022 03:30pm

Asian stocks lose ground as investors eye Fed decision next week

Analysts expect the Fed to continue raising interest rates

Business & Economy Published 16 Sep, 2022 12:47pm

Dollar steadies ahead of Fed, yuan breaks key level

Analyst says dollar strength will persist, at least in the near term