world-economy | ABS-CBN News

China manufacturing activity surges in February

Agence France-Presse
Posted at Mar 01 03:55 PM

China's manufacturing activity surged to its highest reading in more than a decade in February, as factories began to return to normal following years of Covid-19 disruption. Read more »

India calls on G-20 finance chiefs to address rising prices

Kyodo News
Posted at Feb 24 08:01 PM

Indian Prime Minister Narendra Modi on Friday called on financial chiefs of the Group of 20 leading economies to address rising prices and other economic challenges. Read more »

Stock markets slip despite easing recession risks

Agence France-Presse
Posted at Feb 21 08:51 PM

Major stock markets in Europe and Asia mostly fell Tuesday, with investors brushing off positive data ahead of Wall Street's reopening after a long holiday weekend. Read more »

Analysts expect slowing US inflation, fueling hopes of less hawkish Fed

Agence France-Presse
Posted at Jan 12 06:15 PM

Consumer inflation in the United States is set to ease further in December, analysts say, in an encouraging trend that could bring some reprieve from rising interest rates. Read more »

Markets mainly drop on fresh China Covid fears

Agence France-Presse
Posted at Nov 21 09:27 PM

Asian and European stocks mostly fell Monday, with investor sentiment hit by renewed Covid concerns in China. Read more »

THE DAY IN PHOTOS: November 15, 2022

ABS-CBN News
Posted at Nov 15 11:44 PM

Here are the day's top stories in photos. Read more »

G20 leaders meet in Bali

Kevin Lamarque, AFP/Pool
Updated as of Nov 15 05:37 PM

US President Biden, French President Macron, German Chancellor Scholz and India's PM Modi greet each other at the G20 leaders' summit. Read more »

IMF cuts 2023 global growth, warns major economies to stall

Beiyi Seow, Agence France-Presse
Updated as of Oct 12 11:45 AM

The IMF has also cut forecasts for the world's two biggest economies, the United States and China. Read more »

WTO slashes 2023 global trade forecast as recession looms

Agence France-Presse
Posted at Oct 05 06:38 PM

The World Trade Organization on Wednesday dramatically lowered its global trade forecast for 2023, as Russia's war in Ukraine and other shocks take their toll on the world economy. Read more »

WTO chief warns world edging into 'global recession'

Agence France-Presse
Posted at Sep 27 07:27 PM

The World Trade Organization's chief said Tuesday she believes the world is heading towards a global recession due to multiple colliding crises. Read more »

World economy to slow, 'paying the price of war': OECD

Ali Bekhtaoui, Agence France-Presse
Posted at Sep 26 07:17 PM

The world economy will take a bigger hit than previously forecast next year due to the effects of Russia's war in Ukraine, the OECD said Monday. Read more »

Taas-presyo sa langis muling napipinto sa Martes

ABS-CBN News
Posted at Aug 20 06:56 PM

Tapos na ang maliligayang araw ng mga motorista dahil tataas na ang presyo ng produktong petrolyo sa susunod na linggo. Read more »

G-20 ends finance talks without joint statement amid rift over Russia

Kyodo News
Posted at Jul 17 08:07 AM

Finance chiefs from the Group of 20 major economies fell short of issuing a joint statement as they wrapped up a two-day meeting Saturday due to their rift over Russia's war in Ukraine. Read more »

US, China discuss 'severe' economic challenges, supply chains

Agence France-Presse
Updated as of Jul 05 12:30 PM

Top officials from the United States and China held a "candid" video call on Tuesday to discuss global economic challenges, especially regarding supply chains. Read more »

G7 to pledge up to $5-B to assist global food security: US official

Agence France-Presse
Posted at Jun 28 04:38 PM

G7 leaders will pledge about $5 billion Tuesday to help resolve food supply problems spreading worldwide, in large part due to Russia's invasion of major agricultural supplier Ukraine, a US official said. Read more »

Central banks must act quickly on inflation, warns BIS

Nathalie Olof-Ors, Agence France-Presse
Posted at Jun 26 09:40 PM

BIS, considered the central bank of central banks, said institutions will have to move swiftly to ensure a return to low and stable inflation, while limiting the impact on growth. Read more »

Oil prices plunge more than 5 pct on recession fears

Agence France-Presse
Posted at Jun 22 04:56 PM

Oil prices plunged more than five percent Wednesday as traders grow increasingly worried that demand for the commodity will take a hit from a possible recession. Read more »

OECD sees lower world growth due to Ukraine war

Jonathan Jacobsen, Agence France-Presse
Posted at Jun 08 07:06 PM

The OECD warned Wednesday that the world economy will pay a "hefty price" for Russia's invasion of Ukraine as it slashed its 2022 growth forecast. Read more »

US leads G20 boycott of Russian finance officials

Chris Stein and Heather Scott, Agence France-Presse
Posted at Apr 21 08:25 AM

Ukraine Finance Minister Sergiy Marchenko and Secretary Yellen walked out when Russia started talking at the G20 meeting," a source familiar with the event told AFP. Read more »

Oil stabilizes after big drop on IMF growth cut

Agence France-Presse
Updated as of Apr 20 03:57 PM

Asian markets were flat on Wednesday as oil began clawing its way back up from a big drop after the International Monetary Fund downgraded its global growth forecast for 2022. Read more »