[ US stock indexes closed higher on Monday, their third straight session of advances, as investors continued to gain hope that there was a greater chance of the Federal Reserve cutting interest rates this year. Expectations for rate cuts by the U.S. central bank have been tempered as the year has progressed, as inflation has … Read more
[ LONDON: The dollar edged towards its highest level this year against a basket of peers and U.S. share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed. The dollar gained over 0.5% on Tuesday on all six currencies that make up … Read more
[ LONDON: Oil prices edged lower on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve’s interest rate policy announcement later in the day.Brent crude futures for May fell 62 cents, or 0.71%, to $86.76 a barrel by 1028 GMT. U.S. West Texas Intermediate futures for April … Read more
[ SINGAPORE: Oil prices edged lower on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after benchmarks rallied to multi-month highs in the previous session.Brent crude futures for May delivery fell 16 cents, or 0.2%, to $87.22 a barrel by 0407 GMT. US West Texas Intermediate futures … Read more
[ MUMBAI: The rupee declined by 4 paise to settle at 82.90 (provisional) against the US currency on Monday on firm crude oil prices. Gains in domestic stock markets and foreign fund inflows capped the rupee’s losses, analysts said. The local unit opened firm at 82.84 to a dollar at the interbank foreign exchange market … Read more
[ GOLD prices lingered near a two-month low on Wednesday, trading below the key $2,000-per-ounce level, as a stronger-than-expected U.S. inflation report prompted traders to trim bets for deeper rate cuts by the Federal Reserve. Spot gold was flat at $1,992.21 per ounce (Oz), as of 0429 GMT, after hitting its lowest since Dec. 13 … Read more
[ In our weekly series, readers can email in with any question about retirement and pension savings to be answered by our expert, Tom Selby, director of public policy at investment platform AJ Bell. There is nothing he does not know about pensions. If you have a question for him, email us at [email protected]. Question: … Read more
[ KUALA LUMPUR: Bank Negara has addressed an error in the exchange rate for the ringgit against the US dollar published by Google on Feb 5, 2024. The central bank said in a statement the exchange rate for the US$/RM was misreported on Google as 6.24. A check on the search engine showed the exchange … Read more
[ In our weekly series, readers can email in with any question about retirement and pension savings to be answered by our expert, Tom Selby, director of public policy at investment platform AJ Bell. There is nothing he does not know about pensions. If you have a question for him, email us at [email protected]. Question: I’m about to … Read more
