Business
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Economy
6/21/2023 3:52:27 PM
Federal Reserve Chair Jerome Powell said Wednesday that additional US interest rate hikes will likely be needed to tame high inflation, ahead of two days of testimony on Capitol Hill.
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Al-Ahram Weekly
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Egypt
6/20/2023 12:12:00 PM
Are increases in salaries enough to make up for the recent jumps in inflation, asks Mirna Fahmy
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Business
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Markets & Companies
6/19/2023 11:21:29 AM
Markets sank Monday with traders left disappointed by a lack of policy announcements from China aimed at kickstarting the ailing economy.
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Business
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Economy
6/15/2023 4:52:23 PM
The European Central Bank on Thursday said eurozone inflation was still too elevated as it hiked interest rates for an eighth consecutive time to a two-decade high, despite a darkening economic outlook.
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Business
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Economy
6/15/2023 2:34:45 PM
The German economy will contract in 2023, two leading economic institutes said Thursday, revising down earlier forecasts after persistently high inflation contributed to a weaker-than-expected start to the year.
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Business
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Economy
6/15/2023 1:40:00 PM
China's central bank cut a key interest rate and pumped billions into financial markets Thursday, as fresh data showed the world's second-largest economy was flagging.
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Business
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Economy
6/14/2023 9:15:05 PM
The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year.
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Business
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Economy
6/14/2023 12:21:08 PM
Asian markets were mixed Wednesday after data showed US inflation fell further last month, ramping up expectations the Federal Reserve will finally pause its interest rate hike campaign.
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Business
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Economy
6/14/2023 11:32:40 AM
The Federal Reserve will announce Wednesday if it will press ahead with an 11th straight interest rate hike to tackle high inflation or skip an increase to give policymakers more time to take stock of the US economy.
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Business
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Economy
6/13/2023 6:34:45 PM
The US Federal Reserve on Tuesday kicked off a two-day meeting to set its benchmark lending rate, with fresh signs of cooling inflation increasing the chance it will pause its aggressive cycle of rate hikes.
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Business
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Economy
6/13/2023 4:42:09 PM
Consumer inflation in the United States cooled for an 11th straight month in May, the Labor Department said Tuesday, in an encouraging sign for policymakers seeking to rein in price increases.
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Business
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Economy
6/13/2023 12:03:01 PM
Markets rose on Tuesday, with investors awaiting the release of key US inflation data later in the day that could play a big role in the Federal Reserve's keenly anticipated interest rate decision.
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Business
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Economy
6/12/2023 5:27:25 PM
Egypt's inflation started to rise again in May, with experts ascribing the increase to the dollar crisis and its impact on imports.
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Business
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Economy
6/12/2023 12:22:35 PM
Most markets rose Monday but investors traded cautiously as they awaited key US inflation data and the Federal Reserve's interest rate decision later this week.
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Business
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Economy
6/12/2023 10:56:39 AM
The European Central Bank will almost certainly deliver another interest rate hike on Thursday, pressing ahead with its fight against inflation even as the eurozone slides into a recession.
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World
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International
6/12/2023 10:24:22 AM
When it comes to skyrocketing pasta prices, Italians are crying: Basta!
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Business
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Economy
6/10/2023 1:58:46 PM
Egypt’s annual headline inflation bounced up again to hit 33.7 percent in May in comparison to 15.3 percent in May 2022, announced the Central Agency for Public Mobilisation and Statistics (CAPMAS).
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World
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Region
6/9/2023 1:11:59 PM
Turkish President Recep Tayyip Erdogan appointed former Wall Street executive Hafize Gaye Erkan as central bank governor on Friday, signalling a possible shift from his unconventional policies to fight soaring inflation.
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Business
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Markets & Companies
6/8/2023 10:48:09 AM
Renewed fears that the US Federal Reserve will lift interest rates next week sent most markets into reverse Thursday, tracking losses across Wall Street and Europe, while traders were looking for measures from China to boost growth.
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Business
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Economy
6/7/2023 12:45:51 PM
The global economy must steer through a precarious recovery this year and next as inflation keeps dragging on household spending and higher interest rates weigh on growth, banks and markets.
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