Page 7 - Latest Updates on Recession
Canadian govt warns that the country might enter mild recession in 2023
The Department of Finance has developed a "downside scenario" that considers the impact of more persistent inflationary pressures and further tightening in monetary policy
 "Canadian govt warns that the country might enter mild recession in 2023")
Bank of England raises rates by most since 1989 even as recession looms
Central bank raises bank rate to 3% from 2.25%
 "Bank of England raises rates by most since 1989 even as recession looms")
Clock ticking for private equity firms to spend through tougher times
The shift is profound for an asset class that for more than a decade was flooded with cash from investors hunting yield in a low-interest rate environment
 "Clock ticking for private equity firms to spend through tougher times")
UK in recession? Feels pinch of biggest interest rate hikes in 33 years
Economists and investors expect the UK central bank to raise its benchmark lending rate by three-quarters of a percentage point to 3 per cent on November 3
 "UK in recession? Feels pinch of biggest interest rate hikes in 33 years")
What long-term stagnation of global economy means for climate change
The global economy has been trapped in a state of relative stagnation in rates of growth, productivity, investment, and profitability since at least the 2008 financial crisis
 "What long-term stagnation of global economy means for climate change")
Crypto wrap: Markets rally on expectation of softer stance from US Fed
Bitcoin crossed the $ 20,000 mark, and Ethereum was above the $ 1,500 mark for the first time since it concluded "Merge" in September
 "Crypto wrap: Markets rally on expectation of softer stance from US Fed")
Apple's revenue, profit up despite slowing economy; not immune to recession
Apple managed to boost its sales, profit during summertime quarter that depressed fortunes of many major tech companies, but that doesn't necessarily mean it will be immune to a potential recession
 "Apple's revenue, profit up despite slowing economy; not immune to recession")
Global economy approaching a recession, central banks unchained: Poll
The global economy is approaching a recession as economists cut growth forecasts for key economies while central banks keep raising interest rates to bring down persistently-high inflation
 "Global economy approaching a recession, central banks unchained: Poll")
Embassy REIT to invest Rs 2,200 cr in 4 yrs to develop new office buildings
Embassy Office Parks REIT will invest around Rs 2,200 crore in the next four years to develop premium workspaces as it sees tremendous growth potential in office market despite recessionary concerns
 "Embassy REIT to invest Rs 2,200 cr in 4 yrs to develop new office buildings")
Recession could last until 2024, says Musk after remark on China, Europe
Tesla CEO said he thinks a recession will last until the spring of 2024, after earlier saying "a recession of sorts" in China and Europe was weighing on demand for its electric cars
 "Recession could last until 2024, says Musk after remark on China, Europe")
Bearish bets on Asian FX stay firm on towering dollar, slowdown fears: Poll
Bearish bets on Asian currencies stayed firm due to the unrelenting strength of the US dollar, as ultra-hawkish posturing by most central banks globally stoked fears of recession, a poll showed
 "Bearish bets on Asian FX stay firm on towering dollar, slowdown fears: Poll")
Global copper market to have a surplus of 155,000 tonnes in 2023, says ICSG
Three-month copper on the London Metal Exchange was trading around $7,363 a tonne on Wednesday having declined more than 30% on growing recession fears since scaling a record peak of $10,845 in March
 "Global copper market to have a surplus of 155,000 tonnes in 2023, says ICSG")
Oil prices steady today on US dollar weakness; recession fears weigh
Oil prices steadied in early Asian trade as a weaker US dollar lent support
 "Oil prices steady today on US dollar weakness; recession fears weigh")
Asia stocks rise as relief rally builds after UK U-turn on fiscal policy
Asia stocks nudged higher as the dramatic U-turn in British fiscal policy brightened investor sentiment, while the US dollar took a breather at its lowest levels in more than a week
 "Asia stocks rise as relief rally builds after UK U-turn on fiscal policy")
Top Headlines: Diesel car cost likely to rise, recession in 2023, and more
Indian CEOs are expecting a decline in growth prospects of companies and the country, but are expecting to bounce back in the short-term, a report said
 "Top Headlines: Diesel car cost likely to rise, recession in 2023, and more")
66% CEOs in India expect recession in 2023; layoffs on the cards
Eighty-six per cent CEOs in India, compared to 71 per cent CEOs globally, predict that a recession will impact company earnings by up to 10 per cent over the next 12 months.
 "66% CEOs in India expect recession in 2023; layoffs on the cards")
TN taking steps to withstand possible recession: State finance minister
"Governance is akin to playing a game of chess, where you have to plan at least two-three moves ahead. We plan things ahead for next six months as well as two years ahead," he said.
 "TN taking steps to withstand possible recession: State finance minister")
58% of CEOs in India expect a recession to be mild and short: KPMG survey
66 per cent CEOs in India compared to 86 per cent globally anticipating a recession to hit over the next year
 "58% of CEOs in India expect a recession to be mild and short: KPMG survey")
Oil prices steady as recession fears counter positive Chinese signals
Oil prices were steady on Monday as China's continuation of loose monetary policy was offset by fears that high inflation and energy costs could drag the global economy into recession
 "Oil prices steady as recession fears counter positive Chinese signals")
Despite global headwinds, Indian economy will stay on course: Sitharaman
The Indian economy will stay on course despite global headwinds and is projected to grow at seven per cent in fiscal 2022-23, Finance Minister Nirmala Sitharaman has said
 "Despite global headwinds, Indian economy will stay on course: Sitharaman")
