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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 04 Jul 2019 | 2:00 AM

Asian stocks rally again on expected Fed rate cuts; euro on defensive

TOKYO: Asian stocks advanced on Thursday, tracking sharp gains on Wall Street as recent data from multiple sectors pointed to slowing economic growth in the United States, bolstering the prospect of rate cuts by the Federal Reserve.

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 14 Jun 2019 | 10:37 PM

All eyes on Fed as stock market pines for rate cut

NEW YORK: The Federal Open Market Committee meeting next week is shaping up as a pivotal one for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more dovish tilt after policymakers raised expectations for a rate cut in recent weeks.

Business 12 Jun 2019 | 2:13 AM

Ringgit rises on de-escalation of trade tensions

KUALA LUMPUR: The ringgit rose against the US dollar on Wednesday morning as fears of a trade war between the US and Mexico simmered down, a dealer said.

Business 10 Jun 2019 | 1:31 AM

Stocks gain as Mexico tariffs averted, yuan falls to 2019 lows(Update)

TOKYO: U.S. stock futures and Asian shares rose on Monday after the United States dropped its threat to impose tariffs on Mexico in a deal to combat illegal migration from Central America, and as weak U.S. jobs data raised hopes for U.S. interest rate cuts

Business 10 Jun 2019 | 12:00 AM

Could the next battle front be in currency wars against countries?

WITH tariff warriors on the rampage, tit-for-tat fights and more frequent growth downgrades, there seems to be nowhere to hide.

Business 08 Jun 2019 | 2:18 AM

Wall St rallies on hopes of US rate cut, trade progress

NEW YORK: Wall Street's major indexes charged higher on Friday, as sharply slowing U.S. job growth boosted hopes for Federal Reserve interest rate cuts while optimism about potential progress in U.S. trade fights with China and Mexico added to risk appetites.

Business 07 Jun 2019 | 8:25 AM

Ringgit firms; others lacklustre ahead of U.S. jobs data

THE ringgit climbed against the dollar on Friday, thanks to higher oil prices, however most other currencies were tepid ahead of the release of a U.S. jobs report later in the session.