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Business 23 Jul 2019 | 12:54 AM

Sterling on back foot due to growing concern about no-deal Brexit

TOKYO: Sterling was on the back foot on Tuesday as investors worried Boris Johnson, the frontrunner to become the UK's next prime minister, would trigger a "hard Brexit" from the European Union, widely seen as a major risk for the British economy.

Business 23 Jul 2019 | 12:00 AM

Sterling dives as markets ramp up bets on no-deal Brexit

LONDON: Sterling fell nearly half a percent with the outlook turning bleak as traders increased their bets on a no-deal Brexit before the result of the Conservative party’s leadership election.

Business 11 Jul 2019 | 7:58 AM

Dollar falls to five-day lows after Powell's comments

LONDON: The dollar fell to a five-day low on Thursday after Federal Reserve Chair Jerome Powell kept the door open for U.S. interest rate cuts, though investors were wary of selling dollars aggressively until a policy review later this month.

Business 25 Jun 2019 | 6:06 AM

Trump and Xi to seal a deal? Traders aren't holding their breath

SHANGHAI: Fund managers are sticking to their positions ahead of this week’s meeting between presidents Donald Trump and Xi Jinping, saying they don’t expect much progress to be made.

Business 01 May 2019 | 10:45 PM

US$ rises as Fed's Powell cools bets on rate-cut

NEW YORK: The dollar rose against a basket of other currencies on Wednesday as U.S. Federal Reserve Chairman Jerome Powell said the central bank's current policy stance is appropriate, reducing expectations for a rate cut.

Business 26 Apr 2019 | 12:43 AM

Asia shares subdued, US$ pins hopes on US GDP

SYDNEY: Asian shares got off to a subdued start on Friday, while the dollar held near two-year highs against the euro on speculation that data later in the day will show the U.S. economy outperforming the rest of the developed world.

Business 22 Apr 2019 | 12:00 AM

Oil bulls double down on rally with rising bets

NEW YORK: Hedge funds are betting rising tensions around the globe will keep fueling oil’s rebound this year.

Business 08 Apr 2019 | 12:00 AM

Yen’s outlook worsens as traders turn bearish

SINGAPORE: The omens are looking bad for the yen.

Markets 15 Mar 2019 | 1:24 AM

Malaysian palm oil/Vegoils: -Market factors to watch Friday March 15

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday March 15.

Forex 22 Feb 2019 | 5:50 AM

Deal or no deal, the damage has already been done for the pound

LONDON: Whether Theresa May gets her Brexit agreement or not, the pound’s troubles look far from over.