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Business 05 Aug 2015 | 11:51 AM

Dollar extends gains after Fed official supports Sept rate hike

TOKYO: The dollar extended gains against the yen and euro on Wednesday after Atlanta Federal Reserve President Dennis Lockhart expressed support for an interest rate hike in September.

Business 08 Jul 2019 | 12:00 AM

US investors reluctant to abandon cyclical plays

NEW YORK: Even as record highs last week in the major US stock indexes telegraph confidence on Wall Street, caution abounds in other US markets, where falling bond yields and flailing small-cap stocks indicate investors are torn about where to place bets.

Business 06 Jul 2019 | 2:54 AM

Weekahead: World markets themes

Some of the main themes likely to influence investors next week

Business 05 Jul 2019 | 2:21 AM

Market anticipates positive movement for ringgit

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today, but the market anticipated the local notes to trade a shade higher, heading towards the 4.12 level.

Business 04 Jul 2019 | 10:38 PM

European shares lifted to 12-month high by Italy, looser monetary policy forecasts

LONDON: European shares closed at their highest in more than a year on Thursday as Italian stocks surged on relief that Rome had avoided European Union disciplinary action and rising expectations of looser monetary policy by major central bank. US markets were closed.

Business 03 Jul 2019 | 10:56 PM

Oil prices edge down, pressured by US supply(Update)

SYDNEY: Oil prices inched lower on Thursday after solid gains the day before, pressured by data showing a smaller-than-expected decline in U.S. crude stockpiles.

Business 03 Jul 2019 | 10:30 PM

Major averages close at record highs on dovish Fed hopes

NEW YORK: U.S. stocks rose on Wednesday, with each of the major indexes closing at a record high, as expectations grew that the Federal Reserve would take a more dovish turn as a raft of data provided more evidence of a slowing economy.

Business 29 Jul 2019 | 12:00 AM

Get ready for the world economy’s biggest week of 2019

LONDON: There will be no chance of a summer break for investors or policymakers in coming days as they brace for what might be the busiest week for the world economy this year.