WELLINGTON (BLOOMBERG) – New Zealand will enter a recession next year that could be deeper than expected, Bank of New Zealand (BNZ) economists said after …
US stocks finish higher as market weighs recession risk
NEW YORK (AFP) – Wall Street stocks finished higher following another volatile session on Thursday (June 23) as investors assess how rising recession risk affects …
US recession will drag Asia’s growth but the region may avoid a sharp downturn, analysts say
SINGAPORE – While the risk of a recession in the United States keeps mounting, chances are that Singapore and most Asian economies will avoid a …
Oil extends losses as recession fears mount
TOKYO (REUTERS) – Oil prices continued to retreat on Thursday (June 23) as investors reassessed the risks of recession and the impact of interest rate hikes …
US Fed chief Powell warns US recession ‘certainly a possibility’
WASHINGTON (BLOOMBERG) – Federal Reserve chair Jerome Powell gave his most explicit acknowledgement to date that steep interest rate hikes could tip the United States …