Gold prices rise on Thursday
Gold prices rose on Thursday amid safe-haven demand driven by escalating Middle East conflict, while a firmer…
Browsing Tag
U.S. Federal Reserve
Asian markets surge on Monday
Asian markets surged on Monday, led by a 4.1 per cent jump in Japan’s Nikkei to record highs, after a decisive…
Gold prices rebound on Wednesday
Gold prices rebounded on Wednesday, hovering near $5,100 an ounce as safe-haven demand strengthened amid renewed US…
Precious metals fall in Wednesday trade despite record 2025 finish
Precious metals fell on Wednesday but were set to close 2025 with historic gains, led by silver's 140 per cent…
Precious metals dip on Monday
Precious metals retreated on Monday after a sharp rally, as profit-taking and easing geopolitical tensions weighed…
Gold prices rise on Monday
Gold edged higher on Monday as a softer dollar and rising expectations of a US Federal Reserve rate cut lifted…
Gold prices fall on Thursday
Gold dipped on Thursday as investors booked profits and awaited next week’s US Federal Reserve meeting for clearer…
Gold falls below $4,000 on Tuesday
Gold slipped below $4,000 per ounce on Tuesday as a firm dollar and reduced expectations for a US interest rate cut…
Gold goes up to $4,100 on Tuesday
Gold surged to a record above $4,100 on Tuesday, supported by expectations of US Federal Reserve rate cuts and…
URGENT: US Fed leaves rates unchanged
The Federal Reserve decided to leave the interest rates unchanged at 5.25-5.50 per cent on Wednesday.
BOK likely to keep rates unchanged
The Bank of Korea (BOK) is expected to maintain its key policy rate at 3.50 per cent on February 22, according to a…
Asian stocks down, dollar up
Asian shares continued a global sell-off on Wednesday, while the dollar and Treasury yields rose as traders…
China’s c. bank set to keep rates unchanged
China's central bank is likely to keep the key policy rate unchanged when renewing the maturity medium-term loans…
UAE, Qatar central banks keep rates unchanged in tandem with Fed move
The UAE and Qatar central banks have kept the interest rates unchanged, following the U.S. Federal Reserve’s move…
Dollar gains before Fed rates decision
The dollar headed for its biggest monthly gain since September as Federal Reserve is expected to take decision…
Yuan falls against dollar after PBOC holds rate
China’s yuan fell on Monday to a one-month low of 7.1813 per dollar after the People’s Bank of China (PBOC) left…
QNB reports 8% profit rise
Qatar National Bank (QNB), the largest bank in the Gulf by assets, announced on Thursday an 8 per cent increase in…
U.S. Fed keeps key interest rates unchanged, foresees three upcoming cuts in 2024
The U.S. Federal Reserve has on Wednesday kept its key interest rates unchanged for the third straight time and set…
Global stock indexes expected to increase modestly in 2024
Most key global indexes are predicted to rise next year, while a small majority of stock market experts expected…
Gulf markets take advantage from high oil prices
Gulf's stock market closed high on Sunday which resulted from Friday's rise in oil prices, with the Saudi index…
Citigroup predicts U.S. Fed to soar interest rate in Nov
Citigroup expects the U.S. Federal Reserve (the central bank of the United States) to raise its key interest rate…
Goldman Sachs expects gradual cut in Fed interest by mid-2024
Goldman Sachs economists said on Sunday it expected the U.S. Federal Reserve to start cutting interest rates in the…
Russia to reduce oil supply in August by 500K barrels per day
Russia will reduce its oil exports by 500 thousand barrels per day (bpd) in August as a global economic slowdown…
Oil prices retreat amid concerns about dollar price
Oil prices have decreased Monday amid anticipations about the Federal Reserve’s upcoming meeting and decisions.
Microsoft to pay over $3mln fines for violating US sanctions against Russia
Microsoft Corporation has agreed to pay over $3 million to settle a potential civil liability, for being accused of…
U.S. weighs new fund as backup if more banks fail
The U.S. Federal Reserve and the Federal Deposit Insurance Corp are considering creating a fund to allow regulators…
Canadian inflation declines to 5.9% in January
Canada’s inflation shows a decline by 5.9 percent in January, according to data released on Tuesday, allowing the…
Oil prices falls amid U.S. Fed interest rate hike concerns
Oil prices fell for third trading session on Wednesday dependent on the U.S. Federal Reserve’s prediction that it…
IMF chief: one third of world economy seen recession in 2023
2023 is going to be tougher on the global economy, International Monetary Fund’s (IMF) chief Kristalina Georgieva…
U.S. Fed raises rates for the seventh time in a row
The U.S. Federal Reserve has on Wednesday increased its interest rates for the seventh time in a row this year,…
Egypt’s annual inflation rate jumps to 16.2% in October – CAPMAS
Egypt’s annual inflation rate witnessed successive increase of 16.2 percent in October from 15 percent last month,…
U.S. Fed raises interest rates again by 75 points to fight inflation
The U.S. Federal Reserve has decided on Wednesday to raise interest rates by 75 basis points for the fourth…
Fed predicts to raise interest rates to 4.6%
The U.S. Federal Reserve (Fed) expected to raise interest rates to 4.6 percent in 2023 before it halts its war…
BREAKING: U.S. Fed fires off another three-quarter point rate hike
The U.S. Federal Reserve (Fed) has on Wednesday lifted its key interest rates by three-quarters of a percentage…
BOE faces critical policy decision with pound reach its lowest level
The Bank of England’s (BOE) governor Andrew Bailey has reiterated his commitment to reining the inflation, but the…
Dollar firm as markets get ready for another big Fed rate hike
The dollar firm kept below a two-decade high versus major peers on Tuesday.
European stock markets down as recession fears mount
European stock markets were lower at mid-morning on Wednesday as investors continued to dwell on the recessionary…
Bank of Korea keeps door open to raising interest rate
Bank of South Korea (BOK) has warned on Tuesday of increased volatility as global markets brace for future hikes…
Gold extends losses as investors await Fed minutes
Gold prices fell on Tuesday, after posting its biggest drop in a month in the previous session, as investors…
U.S. Fed unveils biggest interest rate rise in 22 years
The U.S. Federal Reserve has announced on Wednesday its biggest interest rate increase in more than two decades, a…