recession

Singapore sees 2023 growth as low as 0.5% amid global headwinds

SINGAPORE expects economic growth to decelerate sharply next year amid a global slowdown, even as the city-state ruled out a…

5 days ago

Malaysia not expecting recession in 2023 – BNM governor

INFLATION is likely to remain elevated but Malaysia is not expecting a recession in 2023, in line with the improvements…

2 weeks ago

BOE hikes by 75 basis points but rejects market rate path

The Bank of England raised interest rates by the most in 33 years but strongly pushed back against market expectations…

4 weeks ago

UK’s growth plan is dead as Sunak pivots toward spending cuts

Britain’s plan for growth is dead for now. Prime Minister Rishi Sunak’s government is focusing instead on filling a deep…

1 month ago

Gold under pressure as global recession risk pushes up dollar

Gold dipped to hold at a three-week low, as speculation the Federal Reserve will keep aggressively tightening monetary policy and…

1 month ago

Executives are backing away from ESG as recession risks mount

CHIEF executive officers are putting a number of ESG goals on hold as they try to prepare their businesses for…

2 months ago

JPMorgan says deal fees shrinking 50%, cites caution on job cuts

JPMORGAN Chase & Co’s investment-banking fees may fall by half in the third quarter (3Q) as clients stay on the…

3 months ago

OPEC+ agrees oil output cut to prop up prices

VIENNA – The OPEC+ oil cartel agreed Monday to cut production for the first time in more than a year…

3 months ago

OPEC+ weighs output decision, with a possible cut

VIENNA – The OPEC+ oil cartel is expected to agree on another small production increase Monday, though it could opt to…

3 months ago

Economists see inflation spike in Indonesia for rest of 2022

A GLOBAL spell of high inflation, aggressive monetary tightening and the risk of a recession are prompting economists to revise…

4 months ago

Fed hikes 75 basis points second time, signals third is possible

FEDERAL Reserve officials raised interest rates by 75 basis points for the second straight month and Chair Jerome Powell said…

4 months ago

Recession worries dent stocks, weigh on US futures

STOCKS slipped and US equity futures wavered on Monday, sapped by a dimming economic outlook that’s also cooling expectations for…

4 months ago

Microsoft, Google are latest tech giants to hit brakes on hiring

With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking…

4 months ago