Page 12 - Recession

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

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

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.

'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

"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

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

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

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.

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

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

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 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.

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

No question of recession or stagflation in India, says FM Sitharaman

FM says govt making efforts to bring inflation below 7%

Dollar struggles at 6-week lows vs yen as markets ramp up recession bets

LONDON (Reuters) - The U.S. dollar sank to its lowest in more than six weeks versus the Japanese yen on Monday as investors ramped up bets that aggressive Federal Reserve monetary policy would tip the economy into a recession.