global-economy | ABS-CBN News

Asian markets fluctuate ahead of Fed meeting

Agence France-Presse
Posted at Jan 31 02:55 PM

Asian markets drifted Tuesday as investors bided their time ahead of a key Federal Reserve policy decision later in the week. Read more »

US growth slows in 2022 as downturn fears loom

Beiyi Seow, Agence France-Presse
Posted at Jan 27 08:26 AM

The US economy grew at a slower pace in 2022 but performed better than expected in the final months of last year, the Commerce Department said, as recession fears loomed. Read more »

Asian markets mixed after Wall St tumble as recession fears return

Agence France-Presse
Posted at Jan 19 04:56 PM

Markets were mixed Thursday while oil prices fell and the dollar weakened after disappointing US data renewed worries about a recession in the world's biggest economy. Read more »

Global stocks mixed on China data, drop in European gas prices

Agence France-Presse
Posted at Jan 18 08:26 AM

Global stocks were mixed Tuesday following data showing China's growth slowed sharply in 2022 as European gas prices hit another 16-month low on fading fears of a winter supply crunch. Read more »

Asia 2023 growth may outperform global peers: analyst

ABS-CBN News
Updated as of Jan 17 11:52 AM

The gross domestic product (GDP) growth in the Asian region may outperform its global peers this year buoyed by the reopening of China, HSBC Asia Pacific Chief Investment Officer Fan Check Wan said on Tuesday. Read more »

Most Asian markets rise on optimism over China, rates

Agence France-Presse
Posted at Jan 16 02:10 PM

Shares mostly rose in Asia on Monday following another rally on Wall Street fuelled by optimism over the world economy as inflation slows and China reopens to the world. Read more »

Financial tightening yet to 'bite' unemployment: IMF

Agence France-Presse
Updated as of Jan 13 09:41 AM

Countries have yet to see the full impact of tightening financial conditions, IMF chief Kristalina Georgieva said Thursday, warning that central banks have some way to go in their inflation battle. Read more »

World Bank slashes 2023 forecasts, warns of global recession

ABS-CBN News
Posted at Jan 11 11:54 PM

The World Bank has a gloomy outlook for the global economy. Read more »

Singapore economy grows more than expected in 2022

Agence France-Presse
Posted at Jan 03 11:53 AM

Singapore's economy grew more than expected last year but much slower than in 2021, official data showed Tuesday. Read more »

How PH stock market fared in 2022 amid global headwinds

ABS-CBN News
Posted at Dec 30 09:17 PM

Here's a recap of the market action in 2022. Read more »

World Bank slashes China growth forecasts

Agence France-Presse
Posted at Dec 20 01:33 PM

The World Bank on Tuesday slashed its China growth forecast for the year as the pandemic and weaknesses in the property sector hit the world's second largest economy. Read more »

Poor countries at risk of crisis amid rising debt: World Bank

ABS-CBN News
Posted at Dec 07 06:41 PM

Many of the world’s poorest countries are at risk of plunging into a debt crisis as interest rates rise and global growth slows down, the World Bank said on Wednesday. Read more »

Global growth to slow amid 'persistent' high inflation: OECD

Agence France-Presse
Posted at Nov 22 06:39 PM

World growth is set to slide from 3.1 percent this year to 2.2 percent next year due to high inflation, before rebounding slightly to 2.7 percent in 2024, the OECD said Tuesday. Read more »

UK must focus on growth as well as inflation: Business lobby

Agence France-Presse
Posted at Nov 21 08:20 AM

The UK's recent austerity budget may avert a deeper recession, but the government must focus more on growth to improve the country's long-term prospects, the Confederation of British Industry (CBI) will say Monday. Read more »

Dollar extends gains on Fed rate hike expectations

Agence France-Presse
Posted at Oct 21 11:24 AM

The dollar extended gains Friday on expectations the Federal Reserve will press ahead with its program of bumper interest rate hikes for the rest of the year. Read more »

China consumer inflation rises to 2-year high

Agence France-Presse
Posted at Oct 14 01:55 PM

China's consumer inflation hit 2-year high in September, official data showed, fueled by soaring pork prices and as extreme weather hit farmers. Read more »

TSMC to slash expenditure in latest chipmaker warning

Agence France Presse
Posted at Oct 13 05:10 PM

TSMC operates the world's largest silicon wafer factories and produces some of the most advanced microchips used in everything from smartphones to missiles. Read more »

G20 to meet under Ukraine war, inflation cloud

Agence France-Presse
Posted at Oct 13 03:43 PM

A divided G20 holds talks on Thursday under the shadow of multiple crises, from Russia's war in Ukraine to a global economic slowdown, on top of soaring inflation and climate change. Read more »

IMF chief says world better prepared for this crisis

Heather Scott and Erwan Lucas, Agence France-Presse
Posted at Oct 07 05:33 AM

The global economy is at a difficult crossroads, but the IMF's Kristalina Georgieva said institutions are better prepared to weather this storm. Read more »

Fitch lowers outlook for UK rating to negative

Agence France-Presse
Posted at Oct 06 08:38 AM

Fitch lowered the outlook for its credit rating for British government debt from stable to negative after new Prime Minister Liz Truss announced a crash program of debt-fueled tax cuts. Read more »