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...