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Oil prices extend decline on recession fears, China COVID curbs
Oil prices extend decline on recession fears, China COVID curbs Source link More
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Chinese Yuan Breaches 7 Per Dollar as Recession Fears Hit Asia FX By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies fell on Friday, with China’s yuan slipping past an important psychological level as concerns over rising interest rates and a potential recession dented appetite for regional assets. The slipped 0.2%, crossing the 7 level against the dollar for the first time in over two years, as […] More
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Oil Prices Head for Third Week of Losses as Recession Fears Bite By Investing.com
© Reuters. By Ambar Warrick Investing.com– Oil prices inched up on Friday, but were headed for a third straight week of losses on fears that COVID disruptions in China and a potential economic recession will decimate crude demand this year. The prevention of a possible U.S. railroad strike, which was expected to disrupt local crude supply, […] More
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Asian markets weaken as IMF, World Bank flag recession risks By Reuters
© Reuters. FILE PHOTO: People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik/File Photo By Scott Murdoch HONG KONG (Reuters) – Asian markets were weaker on Friday as investors braced for a U.S. rate hike next week amid growing concerns […] More
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Oil extends losses on recession fears By Reuters
© Reuters. General view of the Fos-Lavera oil hub near Marseille, France, September 17. REUTERS/Jean-Paul Pelissier By Sonali Paul MELBOURNE (Reuters) – Oil prices dipped in early trade on Friday, extending the week’s losses as concern over tight supply was outweighed by escalating fear of sharp interest rate hikes slamming global growth and hitting fuel […] More
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French central bank sees slowdown next year, risk of recession By Reuters
© Reuters. Price tags are seen as a woman shops at a local market in Nice, France, June 7, 2022. REUTERS/Eric Gaillard PARIS (Reuters) – The French economy will slow sharply next year in the face of Europe’s energy crisis, with a risk of a “limited and temporary” recession in the worst-case scenario, the central […] More
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New Zealand Q2 GDP Beats Expectations, Avoids Recession By Investing.com
© Reuters. By Ambar Warrick Investing.com– New Zealand’s economy grew more than expected in the second quarter, data showed on Thursday, as the country began rolling back restrictions introduced during the Omicron COVID-19 outbreak earlier in the year. grew 1.7% in the June quarter from the prior one, more than expectations of 1%. At an , […] More
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France is not falling into recession, Le Maire says By Reuters
© Reuters. French Minister for the Economy and Finances Bruno Le Maire delivers a speech during the MEDEF union summer forum “La Rencontre des Entrepreneurs de France, LaREF” at the Paris Longchamp Racecourse in Paris, France, August 30, 2022. REUTERS/Sarah Meyssonn PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday that the […] More
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Global economy may avoid recession as inflation risks ease
© Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar (Reuters) – The global economy could avert a recession as data points to a potential soft landing, J.P. Morgan analysts said, while adding that the Federal Reserve might […] More
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Germany’s IfW predicts recession, record inflation for 2023 By Reuters
BERLIN (Reuters) – Germany’s IfW economic institute sharply lowered its forecast for the German economy next year, predicting that it would shrink due to high energy prices as a result of the Ukraine war. The IfW predicted that the German economy will contract by 0.7% in 2023. In June, it had predicted that Europe’s largest […] More
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European Stocks Lower; German Industrial Output Adds to Recession Fears By Investing.com
© Reuters. By Peter Nurse Investing.com – European stock markets slumped Wednesday, as investors continue to fret about the region heading into recession as inflationary pressures remain. By 03:50 ET (07:50 GMT), the in Germany traded 0.7% lower, the in France fell 0.5%, and U.K.’s dropped 0.9%. dropped 0.3% on the month in July, data […] More
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Explainer-Liz Truss inherits UK economy heading for recession as new PM By Reuters
© Reuters. FILE PHOTO: People walk across Millennium Bridge with the City of London financial district seen behind, amid the coronavirus disease (COVID-19) pandemic, in London, Britain, January 20, 2021. REUTERS/Hannah McKay LONDON (Reuters) – Britain’s next prime minister Liz Truss will face an economy that is forecast to go into a long recession later […] More
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