Also true, the continuing sell-off in equities and other risky assets risks feeding back negatively into economic sentiment and could induce companies and consumers to postpone spending. However, as I already pointed out last week, there is also some …
Hong Kong (AFP) – Asian markets suffered fresh selling pressure Monday, while the dollar dipped and oil hit multi-year lows, following another round of losses on Wall Street fuelled by global growth concerns. Hong Kong and Shanghai pared initial heavy …
Tech stocks fell sharply on Friday, setting a somber mood for the industry this weekend. The carnage was widespread, with giants taking a stumble — Microsoft, -3.97%; Google, 2.92%; Facebook, -3.95%; LinkedIn, -3.84%; Yahoo, -3.65%; and Alibaba, …
WASHINGTON (MarketWatch)— The Federal Reserve's eventual rate increase, the first since 2006, will not damage the global economy, Federal Reserve Vice Chairman Stanley Fischer said on Saturday. While there could be “trigger further bouts of volatility …
Austerity is the opposite of the gift that keeps on giving: It just keeps taking and taking. Germany, the world's homeland for austerity obsession, is learning this firsthand. Its economy has hit a rough patch lately, likely worsened by its adamant …
It's become a dreary ritual: Every six months, the International Monetary Fund (IMF) forecasts the global economy — and cuts its previous forecast. Despite an army of economists, all of its forecasts since 2011 have been too optimistic. The latest …
The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global economic recovery and they urged governments not to squelch growth by tightening budgets too drastically, although Germany poured cold …
The euro zone is "very much" at risk of a recession and U.S. continues to struggle with a mediocre recovery, said Nobel Prize-winning economist Joseph Stiglitz, sounding the alarm on the deteriorating global economy. If Europe were to enter a recession …
Two Federal Reserve officials warned of risks to the world economy amid global financial cross currents, as the Fed reviews raising interest rates while the euro area and Japan concentrate on boosting stimulus. Governor Daniel Tarullo said at the …