23+ hour, 8+ min ago   (580+ words) WASHINGTON: The US Federal Reserve goes into a key rate-setting meeting this week with markets expecting policymakers to pull the trigger on a rate hike to tackle persistently high inflation—and analysts say central bank chief Kevin Warsh’s credibility is…...

1+ day, 21+ hour ago   (735+ words) Kuwait Times Egyptians budget for bread after mass food aid cuts CAIRO: Standing outside a bakery in Cairo’s working-class El-Marg district, Eman Abdel Fattah thumbed a handful of crumpled banknotes, calculating how much bread she could afford after her family’s…...

3+ day, 21+ hour ago   (434+ words) Kuwait Times ECB raises interest rates to fight off inflation jump FRANKFURT: The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely…...

3+ day, 23+ hour ago   (538+ words) kuwaittimes.com Oil prices flare as Iran tightens grip on Hormuz TEHRAN: Oil prices hovered above $100 a barrel on Thursday, a day after Iran said it attacked more than a dozen vessels trying to pass through the Strait of Hormuz....

4+ day, 10+ hour ago   (407+ words) HONG KONG: Asian stocks fell on Thursday as oil prices extended gains a day after breaking the psychological $100 barrier on the back of resurgent Middle East hostilities that have fanned inflation fears. With the United States and Iran exchanging strikes…...

6+ day, 3+ hour ago   (210+ words) LONDON: World oil prices rallied on Tuesday, once more closing in on $100 a barrel, and stock markets mostly retreated owing to a flare-up in the Middle East war. The yen spiked as investors ramped up bets on the Bank of…...

6+ day, 8+ hour ago   (490+ words) Kuwait Times China's trade surges before expected Trump-Xi summit BEIJING: China's imports and exports surged in August, helped by a global AI buildout that has fueled demand for technology products, and ahead of an expected meeting between President Xi Jinping…...

6+ day, 22+ hour ago   (355+ words) FRANKFURT: The European Central Bank is expected to raise interest rates again this week as renewed fighting in the Middle East pushes up energy costs and risks further stoking inflation. Some of the heaviest clashes in weeks in the US-Iran…...

1+ week, 8+ hour ago   (433+ words) A fresh bout of tit-for-tat US-Iran strikes at the weekend pushed oil higher and added upward pressure to inflation expectations. After July's rout of AI-linked firms, dealers have been edging back into the sector, confident that the vast sums invested…...

1+ week, 22+ hour ago   (233+ words) KUWAIT: Global Markets spent the week caught between two forces pulling yields higher and risk appetite in opposite directions: a Fed chair who used Jackson Hole to warn that underlying inflation “hasn’t meaningfully improved” and that the Fed may have…...