CEN

GLOBAL ECONOMY US recession fears darken outlook for global growth

GLOBAL ECONOMY US recession fears darken outlook for global growth

WASHINGTON/LONDON/TOKYO, June 23 (Reuters) – Manufacturing growth is slowing worldwide as China’s COVID-19 curbs and Russia’s invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a US recession poses a new threat to the global economy. Gauges of factory activity released Thursday in Japan, Britain, …

GLOBAL ECONOMY US recession fears darken outlook for global growth Read More »

Wall Street ends lower after Powell remarks, as energy shares drag

Wall Street ends lower after Powell remarks, as energy shares drag

Powell: Fed ‘strongly committed’ to inflation fight Energy shares hit as oil prices slide Defensives top-performing S&P sectors Dow Inc falls as brokerage downgrades to “underperform” Indexes down: Dow 0.15%, S&P 0.13%, Nasdaq 0.15% June 22 (Reuters) – Wall Street’s main indexes ended with slim losses on Wednesday after choppy trading as energy shares weighed …

Wall Street ends lower after Powell remarks, as energy shares drag Read More »

Banks, energy stocks fuel rebound in European shares

Banks, energy stocks fuel rebound in European shares

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 17, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com Register Construction & materials among worst hit sectors ECB’s Lagarde reaffirms rate hike plans Renault jumps after Jefferies upgrade June 20 (Reuters) – European stocks rose strongly …

Banks, energy stocks fuel rebound in European shares Read More »

US energy chief to discuss record pump prices with refiners next week

US energy chief to discuss record pump prices with refiners next week

WASHINGTON, June 16 (Reuters) – US Energy Secretary Jennifer Granholm called an emergency meeting with refining executives for next week, a department spokesperson said on Thursday, as tensions between the Biden administration and Big Oil mount over soaring gasoline prices. The planned talks come as President Joe Biden, under pressure over record prices with inflation …

US energy chief to discuss record pump prices with refiners next week Read More »