LONDON—Oil slid more than 2 percent on Tuesday, extending losses of nearly 2 percent in the previous session, as recession fears and a flare-up in COVID-19 cases in China raised concern over global demand. World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of…
Oil Falls More Than 2 Percent on Recession and China COVID-19 Fears
October 11, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
Global Shares Fall on Tech Sector Losses, Recession Fears
October 11, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
TOKYO—Asian and European shares were mostly lower Tuesday as losses in the technology sector weighed on global benchmarks. France’s CAC 40 dipped 0.6 percent to 5,807.12. Germany’s DAX lost 0.7 percent to 12,183.60. Britain’s FTSE 100 dropped 1.2 percent to 6,878.65. The future for the Dow industrials was down 0.7 percent at 29,059.00. The contract…
Dollar Rises as Case for US Rate Hikes Firms
October 10, 2022
admin
Business & Marketseconomic policieseconomyenergyForexglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON/SYDNEY—The dollar inched higher on Monday as investors set their sights on inflation data later in the week which is expected to show that price pressures remain strong. Meanwhile, sterling slipped for the fourth straight session even after the Bank of England (BoE) expanded its support for markets. U.S. data due on Thursday is forecast…
Oil Falls as China Demand Concerns Fuel Recession Fears
October 10, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil prices fell on Monday, ending five straight days of gains, as investors looked to slowing economic activity in China, the world’s biggest crude importer, which revived concerns about a global recession and falling global fuel demand. Brent crude futures for December settlement fell by as much as 1.1 percent, and was last down 77…
Stocks Fall After Ukraine Attacks and Rate Outlook Spark Flight to Safety
October 10, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON—Global shares fell on Monday after a series of explosions in the Ukrainian capital and renewed concern about the economic outlook sent investors into safe-haven assets such as the dollar and bonds. Any belief that the Federal Reserve will shift to a softer stance towards monetary policy was extinguished on Friday by data that showed…
Dollar Retreats for Now, as Investors Await US Jobs Data
LONDON—The dollar retreated on Friday, ahead of a key employment report later that could offer a litmus test of the strength of the U.S. economic recovery, but with the Federal Reserve’s commitment to fighting inflation, strategists believe any weakness won’t last. The euro and the pound pared overnight losses and rose for the first time…
Oil Heads for Weekly Gain After OPEC+ Cut Despite Economy Headwinds
October 7, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil rose about 1 percent on Friday and was headed for a second consecutive weekly gain supported by OPEC+’s decision to make its largest supply cut since 2020 despite concern about recession and rising interest rates. The cut from the Organization of Petroleum Exporting Countries and allies including Russia, known as OPEC+, comes ahead of…
Global Stocks Mixed Ahead of US Employment Update
October 7, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
BEIJING—Global stock markets were mixed Friday ahead of U.S. employment data investors hope will show the economy is weakening and persuade the Federal Reserve to ease off plans for more interest rate hikes. London and Frankfurt opened higher. Tokyo and Hong Kong declined. Oil prices rose. The future for Wall Street’s S&P 500 index was…
IMF Warns of Higher Recession Risk and Darker Global Outlook
October 6, 2022
admin
Business & Marketseconomic policieseconomyGeorgievaglobalIMFinflationInternationalMarketsOutlookrecessionUSWorld
0 Comment
WASHINGTON—Two principal economists painted very different pictures Thursday of what the global economy will look like in the coming years. Kristalina Georgieva, managing director of the International Monetary Fund, told an audience at Georgetown University on Thursday that the IMF is once again lowering its projections for global economic growth in 2023, projecting world economic…
Dollar Wavers With ECB Minutes and Friday’s US Jobs Data in Focus
October 6, 2022
admin
Business & Marketseconomic policieseconomyenergyForexglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
SYDNEY/LONDON—The dollar wobbled lower on Thursday, resuming its slide from early in the week, as investors looked ahead to U.S. labor and inflation data for any sign of softness that could signal an eventual slowdown in U.S. rate hikes. After surging on Wednesday, the greenback struggled to hold its gains, and the euro climbed around…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`