Page 11 - Recession

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

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

Oil prices fall 3% on recession fears; China factory data disappoints

Brent crude futures for October, due to expire on Wednesday, were down $3.56 at $95.75 a barrel following Tuesday's $5.78 loss

Buy commodities, worry about recession later, says Goldman Sachs

Goldman Sachs did caution the path ahead may not be smooth, especially if the greenback extends gains

World stocks and bonds slump; US dollar hot as rate fever takes hold

World stocks slumped as the growing risk of more aggressive interest rate hikes in the US and Europe inflicted fresh pain on bond markets and pushed the dollar to new 20-year highs

Foreigners return to Indian equities on hopes of stronger earnings

According to stock exchange data, foreigners have invested $6.4 billion in Indian equities since the start of July, after dumping over $27 billion-worth over the previous six months.

Euro slumps to two-decade lows against dollar as energy crisis bites

China's yuan weakened to a two-year low, while sterling briefly touched its weakest since March 2020.

Germany leads as Europe slides towards recession amid supply shortages

Purchasing managers' indexes due Tuesday will likely show private-sector output shrinking for a second month, adding to signs that a recession in the 19-nation euro zone is now more likely than not

Oil prices down 1.5% for the week on recession jitters, strong US dollar

Brent crude futures settled at $96.72 a barrel, gaining 13 cents. U.S. West Texas Intermediate crude ended 27 cents higher at $90.77. Both benchmarks fell about 1.5% on the week

Oil slips to six-month low as fears over global recession weigh

Oil fell on Wednesday to a 6 month low after a brief respite as concerns about the prospect of recession that would weaken demand overshadowed a report showing lower US crude & gasoline stocks

Saudi sovereign wealth fund buys $7-bn US stocks amid recession fears

The $620 billion Public Investment Fund also added to positions it held in Facebook Inc. owner Meta Platforms Inc., PayPal Holdings Inc. and Electronic Arts Inc. in the second quarter

Oil extends losses as weak demand outlook lingers global recession fear

Brent crude futures fell $1.21, or 1.3%, to $93.89 a barrel by 0635 GMT. WTI crude futures dipped 84 cents, or 0.9%, to $88.57 a barrel

Dollar jumps on safety flows after China data, yuan slips on rate cut

The U.S. dollar index against six peers rose 0.6% to 106.3, consolidating near the middle of its range this month. The euro eased 0.6% against the dollar to $1.0191, after touching a one-week low.

With inflation at 8.9%, Europe bond rally at risk of complacent market

With the worst yet to come in Europe, strategists say policy makers may hike more aggressively than many expect, upending a bond rally that some say has gone too far

US stock markets tumble when hit by global recession, says report

The S&P500 had dropped to 3,667 on June 17 but has jumped 15 per cent in the past two months

UK economy shrinks in second quarter, sharpening recession fears

The statistics office said health spending was the biggest contributor to the fall, as the government scaled down coronavirus testing, contact tracing and vaccination programs.

Oil prices set for weekly climb, uncertain demand outlook cap gains

Brent crude futures were down 9 cents, or 0.1%, to $99.51 a barrel 0900 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 38 cents or 0.4% to $93.96 a barrel.

British economy contracts in last 3 months, stokes recession fears

The British economy contracted in the last three months, further stoking fears that a recession might be around the corner, new data revealed on Friday.

As UK heads for recession, here's who could control finances in new govt

With the Bank of England predicting inflation topping 13% in the fall and a recession lasting through 2023, the next incumbent of 11 Downing Street will be under immediate pressure

Oil prices see-saw, settle on Russian pipeline constraints, recession fear

Crude prices have been under pressure for weeks as fears mounted that a recession could cut oil demand