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Commodity Capsule: Oil prices fell sharply on Monday

Commodity Capsule: Oil prices fell sharply on Monday

Mon, Oct 28, 2024

Oil prices fell sharply on Monday, to four week low, weighed by easing fears of a Middle East war after an Israeli strike against Iran, over the weekend

India poised to be third largest global economy by 2030, rising population presents challenges: S&P

India poised to be third largest global economy by 2030, rising population presents challenges: S&P

Thu, Oct 17, 2024

India is poised to be the third largest global economy by 2030 but its rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said on Thursday.

Brent crude fell by about 2.5%

Brent crude fell by about 2.5%

Tue, Oct 01, 2024

Brent crude slipped below $70, Brent crude fell by about 2.5%

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'Global economy could shrink by 1% due to COVID-19 pandemic'

'Global economy could shrink by 1% due to COVID-19 pandemic'

Thu, Apr 02, 2020

The severity of the impact will largely depend on the duration of restrictions on the movement of people and economic activities and on the scale and efficacy of responses by national treasuries.

'Global economy to contract 1.5% in 2020 amid COVID-19 pandemic'

'Global economy to contract 1.5% in 2020 amid COVID-19 pandemic'

Tue, Mar 24, 2020

"Our global growth forecast now stands at -1.5 per cent, with a contraction of 3.3 per cent across mature markets and growth of only 1.1 per cent," in emerging markets, the report said, adding that there was "huge uncertainty" about the economic impact of COVID-19.

Oil falls over 2% on weaker demand growth, gain in US crude stocks

Oil falls over 2% on weaker demand growth, gain in US crude stocks

Wed, Jun 12, 2019

Trade tensions between the United States and China, the world`s two biggest oil consumers, also weighed on prices. U.S. President Donald Trump said he was holding up a trade deal with China.

Sino-US trade talks: Donald Trump's tariff hike decision set to affect second-day talks

Sino-US trade talks: Donald Trump's tariff hike decision set to affect second-day talks

Fri, May 10, 2019

First day of US-China trade talks concluded on Thursday to rescue a trade deal that is close to collapsing as Trump prepares to go ahead with tariff hike plan.

IMF lowers global growth rate projections for 2019 to 3.5%; This is why

IMF lowers global growth rate projections for 2019 to 3.5%; This is why

Mon, Jan 21, 2019

According to the report, the main shared policy priority is for countries to resolve cooperatively and quickly their trade disagreements and the resulting policy uncertainty, rather than raising harmful barriers further and destabilising an already slowing global economy.

Oil prices edge up to $50 after steep slide

Oil prices edge up to $50 after steep slide

Wed, Dec 26, 2018

Oil prices have edged up to $50 a barrel on Wednesday after reaching its lowest since June 2017 on perceptions that a price slide prompted by worries over the global economy had been overdone amid an Opec-led effort to tighten supply. Watch video:

India destined to be major powerhouse of global economy, says Manmohan Singh

India destined to be major powerhouse of global economy, says Manmohan Singh

Tue, Dec 18, 2018

About criticism of being the silent prime minister, Singh said, "I think these volumes speak for themselves and I don't want to boast about achievements as prime minister but the events that took place are well described in these volumes, particularly in the volume that deal with 'Prime Minister Speaks'."

IMF warns storms clouds gathering for global economy

IMF warns storms clouds gathering for global economy

Tue, Dec 11, 2018

"But like many of you, I see storm clouds building, and fear the work on crisis prevention is incomplete," he said at banking conference hosted by Bloomberg.

India will be back on 7.5% plus economic growth track this fiscal: Arvind Virmani

India will be back on 7.5% plus economic growth track this fiscal: Arvind Virmani

Mon, Aug 20, 2018

"... Domestically, the main risk to macro stability is politically driven government consumption spending at the cost of investment and fiscal prudence. If this temptation is resisted, the country will be back on a firm 7.5 per cent plus growth track this year (fiscal)," Virmani told PTI in an interview.

Global economy has peaked; trade war torpedoes optimism

Global economy has peaked; trade war torpedoes optimism

Thu, Jul 26, 2018

World stocks have been whipsawed by several sell-offs in recent weeks. The dollar has risen 5 percent since April on those concerns and on still-solid expectations for several more Federal Reserve interest rate hikes this year and next.

Global Economy: Soft patch, facade, or great decoupling?

Global Economy: Soft patch, facade, or great decoupling?

Fri, Jun 22, 2018

Euro zone growth, while decent, has slowed remarkably, posing a challenge to the European Central Bank`s plans to soon stop buying bonds. Central banking sources revealed this week to Reuters a worry at the bank about "a facade of optimism in the forecasts."

Global Economy: Soft patch or lasting slowdown? European data may tell

Global Economy: Soft patch or lasting slowdown? European data may tell

Sat, Jun 16, 2018

Bank of England policymakers are likely to debate this question in the week ahead, while data from the euro zone will indicate whether European Central Bank President Mario Draghi is right to refer to current conditions simply as a "soft patch".

2018 global growth to roll to highs not seen in eight years: Reuters poll

2018 global growth to roll to highs not seen in eight years: Reuters poll

Wed, Jan 24, 2018

The global economy is expected to grow at a robust pace this year and reach an altitude not seen since 2010, as momentum builds in developed economies and inflation revives, Reuters polls of over 500 economists showed.

Bitcoin not big enough to threaten world economy, says BoE deputy

Bitcoin not big enough to threaten world economy, says BoE deputy

Wed, Nov 29, 2017

The cryptocurrency has climbed 10-fold so far this year, the largest gain of all asset classes and prompting sceptics to warn it is a classic speculative bubble.

Climate change cost the global economy $129.4 billion in 2016

Climate change cost the global economy $129.4 billion in 2016

Sun, Nov 05, 2017

'Ten years, ago there were 606 extreme weather losses with a bill of $69 billion. Last year, there were 797 weather-related disasters worldwide, resulting in $129 billion of economic losses.'

Moody's says G20 GDP growth to exceed 3%, warns of geopolitical risks

Moody's says G20 GDP growth to exceed 3%, warns of geopolitical risks

Wed, Aug 30, 2017

Moody`s Investors Service kept its forecast for G20 economic growth at just over 3 percent for this year and next, but warned of geopolitical risks, U.S. protectionism and spillovers from global monetary tightening and China`s deleveraging measures.

Nuclear nerves wipe $1 trillion off world stocks

Nuclear nerves wipe $1 trillion off world stocks

Fri, Aug 11, 2017

The damage inflicted on world stocks this week by the escalating war of words over North Korea topped $1 trillion on Friday, as investors again took cover in the yen, the Swiss franc, gold and government bonds.

Oil could hit $60 before year-end -Barron's, citing Citi analyst

Oil could hit $60 before year-end -Barron's, citing Citi analyst

Mon, Jul 10, 2017

Accelerating world oil demand and reduced supply from the Organization of the Petroleum Exporting Countries (OPEC) could push crude prices up to $60 a barrel before the end of the year, according to a report from Barron`s.

BRICS development bank to seek dollar bond funding this year

BRICS development bank to seek dollar bond funding this year

Thu, Jul 06, 2017

The New Development Bank (NDB) set up by the BRICS group of emerging economies is looking raise money by issuing dollar-denominated bonds later this year, the agency`s president, K.V. Kamath, said on Thursday.

Qatar Airways says joins major Middle East carriers in lifting of US laptop ban

Qatar Airways says joins major Middle East carriers in lifting of US laptop ban

Thu, Jul 06, 2017

Qatar Airways said on Thursday that passengers travelling to the United States can now carry their laptops and other large electronics on board, ending a three month in-cabin ban on devices for the Doha-based airline.

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