Page 12 - Latest Updates on Recession
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.
 "Oil prices set for weekly climb, uncertain demand outlook cap gains")
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.
 "British economy contracts in last 3 months, stokes recession fears")
Japanese yen fell the most against a resurgent US dollar on Friday
The Japanese yen fell the most against a resurgent U.S. dollar on Friday, as a two-day rally in equities conceded to market expectations that the Fed will have to do a lot more to contain inflation.
 "Japanese yen fell the most against a resurgent US dollar 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
 "As UK heads for recession, here's who could control finances in new govt")
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
 "Oil prices see-saw, settle on Russian pipeline constraints, recession fear")
Goldman sees strong case for higher oil prices despite negative shocks
The market will remain in unsustainable deficits at current prices and balancing it will still require 'demand destruction on top of the ongoing economic slowdown', says the investment bank
 "Goldman sees strong case for higher oil prices despite negative shocks")
Job demand stays flat in July amidst fears of global recession: Report
The report further revealed that tier-II cities are now frontrunners in hiring with Coimbatore and Ahmedabad, indicating growing demand for talent across segments.
 "Job demand stays flat in July amidst fears of global recession: Report")
'Most vulnerable' emerging markets now face euro recession risk
Traders are more bearish on the Hungarian forint, Polish zloty and Czech koruna than any other developing-nation currency except for Russia's ruble and the Turkish lira
 "'Most vulnerable' emerging markets now face euro recession risk")
'Most vulnerable' emerging markets now face Euro recession risk
"Europe is far more vulnerable at this stage, so it's reasonable to assume that the central and eastern currencies will underperform, especially if euro-dollar falls," said Piotr Matys
 "'Most vulnerable' emerging markets now face Euro recession risk")
At 13.8% gains, India best-performing stock market since June lows
The benchmark Nifty50 Index has gained the most among major global markets, soaring 13.8 per cent since June 17, when it had dropped to its lowest levels in 13 months
 "At 13.8% gains, India best-performing stock market since June lows")
The case for rate hikes heading for contested territory as recession looms
A parade of Federal Reserve officials in recent days has sought to emphasize this message - though a slump isn't their forecast
 "The case for rate hikes heading for contested territory as recession looms")
We've stayed away from high-flying, new-age loss-making cos: Aniruddha Naha
Naha says that fears of a recession are less of a concern for India than the developed markets and that domestic equities are likely to remain more insulated to global macro challenges.
 "We've stayed away from high-flying, new-age loss-making cos: Aniruddha Naha")
Brent crude hits pre-Ukraine invasion lows on account of recession fears
Brent hit a low of $93.50, the lowest since Feb. 21 while US crude touched its lowest since Feb. 3 at $87.97
 "Brent crude hits pre-Ukraine invasion lows on account of recession fears")
Wall Street rises on tech, earnings boost as recession fears ease
US service sector unexpectedly picks up in July; PayPal rises after bumping annual profit outlook; Apple gains 3.5%, Microsoft adds 2.7%; Moderna jumps on $3 bn share buyback plan
 "Wall Street rises on tech, earnings boost as recession fears ease")
UK already in recession as cost of living crisis hits household incomes
The UK economy is already in recession as the cost of living crisis has devastating consequences for household incomes, a leading think tank has concluded
Gold prices extend gain on global recession fears, Sino-US tensions
Spot gold was up 0.3% at $1,777.79 per ounce by 10:56 a.m. ET (1456 GMT). U.S. gold futures gained 0.6% to $1,795.90.
 "Gold prices extend gain on global recession fears, Sino-US tensions")
Gold steadies as lower US treasury yields counter uptick in dollar
Spot gold was flat around $1,771.29 per ounce by 0843 GMT, after hitting its highest since July 5 at $1,780.39 earlier in the session.
 "Gold steadies as lower US treasury yields counter uptick in dollar")
Top Headlines: Debate on RBI rate hike, Zomato biz structure change & more
Zomato is on an internal rebranding exercise by moving to a multiple chief executive structure for its businesses that will be housed under a larger organisation called Eternal
 "Top Headlines: Debate on RBI rate hike, Zomato biz structure change & more")
No question of recession or stagflation in India, says FM Sitharaman
FM says govt making efforts to bring inflation below 7%
 "No question of recession or stagflation in India, says FM Sitharaman")
Dollar struggles at 6-week lows vs yen as markets ramp up recession bets
By Saikat Chatterjee
 "Dollar struggles at 6-week lows vs yen as markets ramp up recession bets")
