global-recession
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Top StoriesOil Prices Slip as Iea Warns of Global Recession
Top StoriesOil Falls on Fears of Global Recession, China Covid Flare-Up
Top StoriesOil Falls More Than 2% on Recession and China Covid Fears
IMF Should Issue New Reserves to Help Countries Tackle Overlapping Crises – Groups
Date: October 7, 2022
By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund should issue $650 billion in new emergency reserves to help its member countries grapple with overlapping health, food, energy and inflation crises, 140 civil society groups said in a letter to the IMF’s board on Thursday. IMF officials in July said a fresh issuance of Special...
Stocks Hit Two-Year Lows, Sterling Comes Under Fire
Date: September 28, 2022
By Wayne Cole and Amanda Cooper LONDON/SYDNEY (Reuters) – World shares sank to two-year lows on Wednesday, hammered by spiralling borrowing costs that intensified fears of a global recession and sent investors into the arms of the safe-haven dollar. Yields on U.S. 10-year Treasuries topped 4.0% for the first time since 2010 as markets wagered...
Worst Not Over for Em Currencies as U.S. Dollar Thunders On: Reuters Poll
Date: September 7, 2022
By Vuyani Ndaba and Vivek Mishra JOHANNESBURG/BENGALURU (Reuters) – Emerging market currencies will find it difficult to reclaim ground lost this year as relentless Federal Reserve rate hikes and safe-haven demand keep the dollar ascendant, a Reuters poll of currency strategists found. A stampede into the greenback pushed the wider index of emerging market currencies...
Oil Falls to 6-mth Low on Economic Data, Awaits News of Iran Nuclear Deal
Date: August 16, 2022
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell about 3% on Tuesday to their lowest since before Russia’s invasion of Ukraine as economic data spurred concerns about a potential global recession, while the market awaited clarity on talks to revive a deal that could allow more Iranian oil exports. Brent crude futures fell $2.76,...
Oil Drops as China Data Weighs
Date: August 15, 2022
By Rowena Edwards LONDON (Reuters) -Oil prices fell by more than $4 a barrel on Monday on demand fears as disappointing Chinese economic data renewed global recession concerns. Brent crude futures fell $4.35, or 4.43%, to $93.80 a barrel by 1351 GMT after settling 1.5% lower on Friday. U.S. West Texas Intermediate crude was down...
Stocks and Bond Yields Fall on Taiwan Tensions
Date: August 2, 2022
By Tom Wilson and Kevin Buckland LONDON/TOKYO (Reuters) – Global stocks slipped and bond yields fell on Tuesday, compounding fears of a global recession, on concern that a visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan would further harm relations between China and the United States. Investors sought safer assets after China...