Inflation set to rise, rate hike on the table: Fed's Williams
With the US economy likely to reach full employment before year`s end and inflation on track to rise to the Federal Reserve`s target, the US central bank could raise interest rates as early as its June meeting, a top Fed official said on Tuesday.
May 12, 2015, 23:54 PM IST
OECD says signs of US economy flagging, China loses more steam
Economic growth appears to be flagging in the United States and continues to slow in China, while France and Italy are outperforming as the euro zone economy recovers, a monthly OECD measure showed on Tuesday.
May 12, 2015, 21:59 PM IST
Asian shares up after US jobs report, China rate cut
Shanghai added 0.60 percent, Hong Kong rose 0.74 percent, while Sydney added 0.10 percent and Seoul was 1.02 percent higher.
May 11, 2015, 08:42 AM IST
US stocks rally; Alibaba Up 7.5%
Alibaba jumped 7.5% as sales rose 45% to $2.81 billion in the quarter ending March 31.
May 08, 2015, 10:13 AM IST
Asian shares broadly higher ahead of US jobs report
Asian stock markets were broadly higher Friday after a rally on Wall Street with investors focused on a US jobs report that will supply more clues about the strength of the world`s top economy.
May 08, 2015, 09:17 AM IST
Dollar ticks up after drop on weak jobs data
The dollar mostly strengthened against other Asia-Pacific currencies.
May 07, 2015, 12:04 PM IST
US trade deficit balloons to six-year high in March
The US trade deficit swelled in March to a six-year high on a surge in imports from the end of the West Coast port strike backed by the strong dollar.
May 05, 2015, 18:59 PM IST
Gold price snaps three-day losing streak but US rate worries remain
Gold edged up on Monday after three days of losses, but the metal wasn`t too far from a six-week low as investors continued to speculate on when the Federal Reserve might raise U.S. interest rates.
May 04, 2015, 14:07 PM IST
Wall Street falls on mixed economic data; Apple weighs
Wall Street was lower in midday trading on Thursday as Apple weighed on major indexes and investors digested a mixed batch of economic data.
Apr 30, 2015, 23:24 PM IST
Oil prices mixed in Asian trade
Signs of cutbacks in US oil output, a key factor in the global supply glut that has driven prices to plunge by as much as 60 per cent since June last year, were also supporting prices.
Apr 30, 2015, 10:50 AM IST
US economy stalled in Q1; Fed expected to pause on rates
The US economy stalled in the first quarter with consumers and businesses trimming spending and the strong dollar and West Coast port strike hitting exports.
Apr 29, 2015, 23:21 PM IST
European equities drop before US GDP, Fed rate call
European stocks slumped Wednesday over worries about upcoming US economic growth data, and before the outcome of the Federal Reserve`s latest monetary policy meeting.
Apr 29, 2015, 18:33 PM IST
US economy stalled in first quarter: grew just 0.2%
The US economy stalled in the first quarter this year, expanding at an annual pace of just 0.2 percent, the Commerce Department said Wednesday.
Apr 29, 2015, 18:26 PM IST
US jobless claims steady at 295,000
New claims for US unemployment insurance benefits held steady last week above the trend, the Labor Department reported on Thursday.
Apr 23, 2015, 18:41 PM IST
IMF cuts US growth forecast to 3.1% in 2015
The International Monetary Fund cut its outlook for US economic growth this year and next on Tuesday after a sharp slowdown during the winter.
Apr 14, 2015, 19:09 PM IST
Solid US job growth anticipated despite weak economy
The labor market has largely shrugged off a harsh winter, a buoyant dollar, weaker global demand and a now-resolved labor dispute at West Coast ports, which have combined to undermine economic activity in the first quarter.
Apr 03, 2015, 11:07 AM IST
US manufacturing activity slows in March: ISM
Growth in the US manufacturing sector slowed for the fifth straight month in March, the Institute for Supply Management said Wednesday.
Apr 01, 2015, 20:43 PM IST
US consumer confidence rebounds in March
US consumer confidence improved in March after falling in February as Americans grew more optimistic about the economy in the coming months, the Conference Board said Tuesday.
Mar 31, 2015, 20:37 PM IST
Lower US jobless claims suggest solidly improving labour market
The sustained jobs market strength underscores the economy`s solid fundamentals and suggests a recent slowdown in economic activity will be temporary.
Mar 26, 2015, 19:36 PM IST
Gold price near 2-1/2 week high on US rate expectations
Gold edged lower on Wednesday after a five-day rally, but stayed close to a 2-1/2-week high on growing expectations the U.S. Federal Reserve would not raise interest rates until September.
Mar 25, 2015, 15:02 PM IST
