Copper price predictions have dropped to the bearish end of the spectrum after copper prices fell by 3.76% on Friday. This is the most significant single-day drop in copper prices since the 5.24% slide on 5 July 2022. The trigger for the slump in commodity prices in recent times is attributable to a stronger dollar and the recent lockdowns in China. Fears of a global recession are now in full force, and these drove traders away from risky industrial metals […] Read the rest of the article on...
By Fergal Smith TORONTO (Reuters) - The Canadian dollar is set to fall short of a September forecast for the coming year following sharp losses in recent
One-third of world’s economies are expected to contract by two quarters, Kristalina Georgieva said.
Frozen Greek yogurt brand Yasso has surpassed $200m in retail sales this year, but the real growth is just on the horizon as it embraces its national brand status becoming the #4 frozen novelty at retail and #1 fastest-growing brand across the total ice cream and novelties category.
International Monetary Fund has warned that hiking rates too quickly could trigger a prolonged recession. IMF managing director, Kristalina Georgieva has said that the global economic outlook is darkening and the risks of recession are quickly rising. She was addressing a programme at Georgetown University, in Washington DC, yesterday, October 6. She said, the IMF […]
GLOBAL MARKETS-Asian stocks retreat on global recession angst; dollar firm Asian stocks declined on Friday, extending a global equity slide to a third day, as investors fretted over recession risks amid signs of further aggressive central bank policy tightening.The dollar and Treasury yields remained elevated after multiple Federal Reserve officials continued to talk up additional rate hikes ahead of a crucial U.S. jobs report later in the day, while rising crude oil prices compounded concerns...
However, we cannot predict how deep the recession will be or how long it will last. JAKARTA (Antara) – A global recession is all but certain in 2023 or earlier, said Mahendra Siregar, head of the Financial Services Authority (OJK). “But what we cannot predict is how serious the recession will be and how long …
Alarm bells are ringing across the global economy right now. Rising interest rates, high inflation, and a chaotic commodities market are all signs of a pending meltdown.
The game Star Citizen has been in development for over five years and the developers are now releasing new content on a regular basis. Star Citizen is a space simulation and has now generated over half a billion dollars in crowdfunding. Star Citizen is an upcoming space trading and combat simulator video game that was […]
Get latest articles and stories on World at LatestLY. 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.
By Kevin Buckland TOKYO (Reuters) - Asian stocks declined on Friday, extending a global equity slide to a third day, as investors fretted over recession
Two leading economists painted very different pictures Thursday of what the global economy will look like in the coming years.