Global Equity Funds See Fourth Weekly Outflow On Rate Hike Expectations
Investors sold a net $13.11 billion of global equity funds.Global equity funds continued to record outflows in the seven days to Sept. 14 as a higher than expected reading on…
US Inflation Hits New Peak Of 9.1% In June, Fastest Rise In Over 40 Years
US gas prices at the pump last month hit a record of more than $5 a gallon.Washington: US consumer price inflation surged 9.1 per cent over the past 12 months…
Global Stocks Slump, Dollar Reigns Supreme On Hot US Inflation Data
Stocks slide, dollar gains on hot US inflation dataGlobal equity markets slumped and the dollar strengthened on Friday after a bigger-than-expected U.S. inflation spike in May raised concerns the Federal…
US Tech Sector Saw Highest Job Cuts In May Since 17 Months: Report
There have been massive job cuts in US’ technology sector amid rising inflationUS employers in the technology sector cut nearly nine times more jobs in May than in the first…
US Federal Reserve Raises Interest Rate By Half Point To Curb Inflation
Policymakers continue to believe inflation will gradually return to the Fed’s two-percent target.Washington: The Federal Reserve on Wednesday raised the benchmark lending rate by a half percentage point in its…
Rupee Falls For The Second Straight Session As Dollar Reigns Supreme
Rupee wobbles on firm dollar as markets wary before key US and India inflation dataThe rupee fell for the second straight session on Tuesday, tracking a stronger dollar and a…
Will The IPO Boom End In 2022? It Could If …
Around 2,388 IPO deals mobilised $453.3 billion globally in 2021.Are the golden days of making easy money in initial public offerings (IPOs) over?At the end of 2020, no one could…
US Inflation Spikes To 7.5% In January, Highest In 40 Years
Prices had risen seven percent over the course of 2021 amid supply chain snarls (Representational)Washington: US consumer prices rose at an annual rate not seen since February 1982, with a…
Release Of Oil Reserves Will “Make A Difference”: Joe Biden
Joe Biden has seen his popularity sink amid a surge in fuel prices and overall inflation. (File)Washington: President Joe Biden said Tuesday that the release of strategic oil reserves by…
Joe Biden Says Inflation “Top Priority” As US Prices Hit 30-Year High
Some economists think the central bank may have to move more aggressively to contain prices. (File)Washington: President Joe Biden has made fighting US inflation his “top priority” after government data…