Page 9 - Recession

Oil prices fall more than 2% on account of recession and China Covid fears

Oil has dropped sharply on economic fears after surging earlier in 2022, when Brent came close to its record high of $147 as Russia's invasion of Ukraine added to supply concerns

LIVE: Mortal remains of Mulayam Singh Yadav consigned to flames in Saifai

A large sea of people chant 'Netaji amar rahein' as a vehicle carriedthe mortal remains of Samajwadi Party supremo

JPMorgan CEO Jamie Dimon warns of global recession in 6-9 months

Runaway inflation, big interest rates hikes, the Russian invasion of Ukraine and the unknown effects of Fed's quantitative easing policy are among the indicators of a potential recession, Dimon said

Oil price steadies as supply tightness duels with recession fears

Brent crude futures for December settlement fell by as much as 1.1% but recovered to being down 17 cents, or 0.2%, at $97.75 a barrel by 1353 GMT

Oil falls as China demand concerns fuel recession fears

Economic slowdown in China, world's second-largest oil consumer, adds to rising concerns about possible global recession triggered by numerous central banks raising interest rates to combat inflation

UK shows labour market slowdown with recession concerns rising: Survey

As a result, vacancies and the number of people placed in roles both rose at the slowest pace in more than a year and a half

IMF warns of higher recession risk and darker global outlook in 2023

The International Monetary Fund is once again lowering its projections for global economic growth in 2023, projecting world economic growth lower by USD 4 trillion through 2026. Kristalina Georgieva, managing director of the IMF, told an audience at Georgetown University on Thursday that things are more likely to get worse before it gets better. Georgieva said the institution downgraded its global growth projections already three times, to 3.2 per cent for 2022 and now 2.9 per cent for 2023.

WTO slashes global 2023 trade growth forecast to 1% as recession looms

The fresh WTO forecasts estimate world GDP at market exchange rates will grow by 2.8% in 2022 and 2.3% in 2023 - the latter is 1 percentage point lower than what was previously projected

86% of global CEOs see recession within 12 months, finds KPMG survey

46% of corporate leaders considering job cuts over the next six months

Cathie Wood scoops up Tesla as stock tumbles on deliveries miss in Q3

Funds backed by Wood's Ark Investment Management LLC bought 132,213 shares in Elon Musk's company on Monday, marking the firm's first purchase of Tesla since mid-June

September's credit wipeout foretells even more pain in for US investors

The pain is just beginning for investors in US credit markets after Federal Reserve tightening and recession angst sent investment-grade bonds, high-yield debt and leveraged loans spiraling in Sept

India may not be able to completely avoid impact of global recession

Lower global commodity prices to help the economic growth

World shares mostly lower as recession fears deepen amid oil price hike

Shares dropped in Europe and Asia on Monday while oil prices surged more than $3 a barrel amid dire warnings over energy shortages in Europe if Russia cuts off gas supplies. Germany's DAX fell 1% to 11,998.26 while the CAC 40 in Paris shed 1.2% to 5,690.88. Britain's FTSE 100 lost 0.8% to 3,305.79. On Wall Street, the future for the S&P 500 was up 0.2% while the contract for the Dow industrials gained 0.4%. In its quarterly gas report, the Paris-based International Energy Agency said people will have to save at least 13% over the winter if Russia cuts off the last trickle of gas that's flowing to Europe. Europe faces unprecedented risks to its natural gas supplies this winter after Russia cut off most pipeline shipments and could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship, the IEA said. Reports that major oil producers plan further production cuts were also exerting upward pressure on energy prices. U.S. benchmark crude oil gained .

Q4 off to shaky start as world stocks stumble to lowest since 2020

Sentiment across markets remained frail given worries that aggressive interest rate hikes from the likes of the US Federal Reserve raises global recession risks

US markets could head lower as earnings downgrades pick up pace: Chris Wood

Corporate earnings in the US, meanwhile, are likely to be under pressure amid recession fears. Analysts have already started cautioning investors as regards a drop in earnings

Germany set to enter recession in 2023 with 0.4% decline in GDP: Report

Germany is set to enter a recession in 2023, with a decline in gross domestic product (GDP) of 0.4 per cent, according to a joint forecast published by leading economic institutes in the country

Asian shares see worst month since pandemic's onset on recession concerns

The Asian index was set to record a staggering 12.5% drop for the month, the largest since March 2020 when the Covid-19 pandemic threw financial markets into chaos

UK PM Liz Truss says tax cut was a right thing, will not change course

"We had to take urgent action to get our economy growing and that means taking controversial and difficult decisions," Truss said.

Uber rival Lyft freezes hirings amid economic instability, recession fears

Ride-hailing platform Lyft has announced to freeze all hirings amid the economic instability and recession fears

World Bank President Malpass warns of stagflation, recession in Europe

In a speech at Stanford University, Malpass said there was an increased likelihood of recession in Europe, while China's growth was slowing sharply and U.S. economic output had contracted