US Federal

Gold edges down on caution ahead of key central bank meetings

London - Muslimchronicle

Gold inched lower on Monday as investors remained cautious ahead of policy meetings of three major central banks, while keeping an eye on the appointment of the next US Federal Reserve chair. The market is awaiting cues from the meetings of the Federal Open Market Committee (FOMC) and central banks of England and Japan this week. US President Donald TrumpRead more

Asian markets muted ahead of central bank announcements

HongKong - Muslimchronicle

Asian stock markets were largely flat on Monday (Oct 30) as investors locked in gains on earnings reports and braced for key Japanese and US central bank announcements. In Tokyo - where the Nikkei cooled but still reached its best level in 21 years - the focus is on a two-day Bank of Japan policy meeting that started Monday. TheRead more

US warns against using Samsung Galaxy Note 7 on planes

Washington - AFP

The US Federal Aviation Administration strongly urged passengers not to turn on or charge Samsung Galaxy Note 7 smartphones on aircraft following recent reports of explosions from faulty batteries. The South Korean smartphone maker last week suspended sales of the "phablet" and recalled 2.5 million units following the reports. "In light of recent incidents and concerns raised by Samsung aboutRead more

US Federal Reserve Leaves Key Interest Rate Unchanged

Washington - QNA

The US Federal Reserve left its benchmark interest rate unchanged Wednesday after a two-day meeting in Washington, citing a slowing "pace of improvement" in the labour market. The latest US Labour Department report showed US payroll expansion screeched nearly to a halt in May, after a sharp slowdown in April. The Fed calibrates monetary policy toward the dual goals ofRead more

European shares hit new 3 Month Low

London - QNA

European shares fell for a fifth straight session to a new three-month low, led down by commodities stocks, with investors becoming jittery before the US Federal Reserve's policy meeting and next week's EU referendum in Britain. The pan-European FTSEurofirst 300 index dropped 1% to its lowest level since late February, while the broader STOXX Europe 600 index also fellRead more

Dow goes positive for 2016 after dovish Fed meeting

New York - AFP

The Dow surged into positive territory for the first time in 2016 on Thursday and the dollar sank a day after the US Federal Reserve's dovish interest rate stance. European markets were mixed as the stronger euro raised concerns about a negative impact on eurozone exports. The Dow Jones Industrial Average climbed 0.9 percent as investors cheered the Fed's signalRead more