Page 10 - Latest Updates on Recession
Oil prices hit nine-month low on recession fears, US dollar surge
Brent crude futures for November settlement slipped by 82 cents, or 1%, to $85.33 a barrel at 1110 GMT. The contract fell as low as $84.51, the lowest since Jan 14
 "Oil prices hit nine-month low on recession fears, US dollar surge")
Energy crisis: Recession clouds gather in Germany, Europe's largest economy
The index compiled by the Munich-based IFO institute dropped to 84.3 in September from 88.5 in August, to its lowest level since the global financial crisis more than a decade ago
 "Energy crisis: Recession clouds gather in Germany, Europe's largest economy")
South Korean assets turn Asia's biggest losers on global recession angst
The Kospi index tumbled 3% to its lowest close in more than 2 years, leading declines in Asia. The won, by far the region's worst performer this quarter, slid to the weakest level since March 2009
 "South Korean assets turn Asia's biggest losers on global recession angst")
Sensex falls 954 pts, Nifty below 17,050 amid growth concerns; IT stocks up
CLOSING BELL: In the broader markets, the BSE MidCap index fell 2.85 per cent, and the BSE Smallcap index declined 3.33 per cent
 "Sensex falls 954 pts, Nifty below 17,050 amid growth concerns; IT stocks up")
Don't equate fun with money: Pichai tells staff in heated all-hands meet
He talked about the vexed issue of cost cuts, and indicated Google's culture could still be enjoyable, even if some things were taken away
 "Don't equate fun with money: Pichai tells staff in heated all-hands meet")
Oil plunges to 8-months low on strong dollar, looming recession fears
Oil prices plunged about 5% to an eight-month low on Friday as the US dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession
 "Oil plunges to 8-months low on strong dollar, looming recession fears")
Euro zone likely entering recession as price rises hit demand: Survey
Overall demand in the euro zone fell to its lowest since November 2020, when the continent was suffering a second wave of Covid-19 infections
 "Euro zone likely entering recession as price rises hit demand: Survey")
Economist Roubini expects a 'long, ugly' recession, stocks sinking 40%
Roubini, who has warned through bull and bear markets that global debt levels will drag down stocks, said that achieving a 2% inflation rate without a hard landing is going to be "mission impossible"
 "Economist Roubini expects a 'long, ugly' recession, stocks sinking 40%")
Global stocks slide for third day on fears of possible global recession
London and Frankfurt opened lower. Shanghai, Hong Kong and Seoul declined. Oil prices fell by more than $1 per barrel. Japanese markets were closed for a holiday.
 "Global stocks slide for third day on fears of possible global recession")
What is Goldilocks scenario?
The US Fed is unlikely to breathe easy till the inflation is brought under control. It wants to pull-off a return to 'Goldilocks' while steering clear of recession. What is the Goldilocks scenario?
 "What is Goldilocks scenario?")
World Bank warns of global recession in 2023 amid economic slowdown
Interest rate hikes by central banks around the world could trigger a global recession in 2023, the World Bank has warned, media reports said.
 "World Bank warns of global recession in 2023 amid economic slowdown")
World Bank sees rising risk of global recession in 2023 amid rate hikes
Synchronised interest rate hikes under way globally are likely to continue well into 2023, but might not be sufficient to bring inflation back down to levels seen before the pandemic, the bank said
 "World Bank sees rising risk of global recession in 2023 amid rate hikes")
UK unemployment hits lowest since 1974 but jobs boom is fading
However, the fall was not a sign of health in Britain's economy which is at risk of a recession
 "UK unemployment hits lowest since 1974 but jobs boom is fading")
Global economy may avoid recession as inflation risks ease - JP Morgan
The global economy could avert a recession as data points to a potential soft landing, JP Morgan analysts said, while adding that the Federal Reserve might have "over-reacted" with the 75 basis point
 "Global economy may avoid recession as inflation risks ease - JP Morgan")
A soft landing is a more likely scenario for the global economy: JPMorgan
"Economic data and investor positioning are more important factors for risky asset performance than central bank rhetoric," the strategists wrote. "We maintain a pro-risk stance"
 "A soft landing is a more likely scenario for the global economy: JPMorgan")
An $83 billion investor stampede shows scale of Europe's woes
Europe's woes have grown particularly acute in recent months as the region stares down the threat of a recession just as its central bank embarks on an aggressive campaign to tame inflation
 "An $83 billion investor stampede shows scale of Europe's woes")
European Central Bank to join US Fed in rate hikes amid record inflation
The European Central Bank is set to join the U.S. Federal Reserve in making a jumbo interest rate hike Thursday as it tries to stamp out record inflation although it risks worsening a recession
 "European Central Bank to join US Fed in rate hikes amid record inflation")
Germany heading for recession, warns Deutsche Bank CEO Christian Sewing
"The longer inflation remains high, the greater the strain and the higher the potential for social conflict," Sewing said.
 "Germany heading for recession, warns Deutsche Bank CEO Christian Sewing")
OPEC+ faces output dilemma amid concerns of a global economic slowdown
Recent gyrations, including a drop of more than 20% in Brent crude since early June, have prompted Riyadh to say an output cut could be necessary
 "OPEC+ faces output dilemma amid concerns of a global economic slowdown")
World stocks fall and oil prices slide on rate and recession fears
Wall Street struggled to hang on to early gains while European shares deepened losses, hobbled by worries that tightening monetary policy around the world will hurt demand
 "World stocks fall and oil prices slide on rate and recession fears")
