Gold price could hit high amid SVB, Credit Suisse, bank problems
Investors have been flocking to gold and Treasurys as bank stocks have been whacked by the shuttering of Silicon Valley Bank and Credit Suisse’s implosion....
Global economy going into recession, 2023 growth to slow
The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic...
Hong Kong, Shenzhen stocks fall more than 2%, BOJ holds rates steady
The Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Monday, April 25, 2022. Toru Hanai | Bloomberg | Getty Images Hong Kong stocks plunged...
Rising food prices are hurting restaurants, diners
The restaurant scene such as the one in Chinatown should brace for change amid rising inflation. Anadolu Agency | Anadolu Agency | Getty Images SYDNEY...
European stocks close lower after strong U.S. jobs report; Rheinmetall down 12%
[ad_1] LONDON — European markets closed lower on Friday afternoon after a key U.S. jobs report showed unexpected strength in the labor market. The pan-European...
China’s property sales set for a worse plunge than in 2008, S&P says
Most apartments in China are sold before developers finish building them. Pictured here on June 18, 2022, are people selecting apartments at a development in...
IMF cuts global GDP forecast as economic outlook grows gloomy
The International Monetary Fund on Tuesday cut its global growth projections for 2022 and 2023, dubbing the world’s economic outlook “gloomy and more uncertain.” The...
Biden arrives in Saudi Arabia ‘much diminished president’: Prince Turki
Prince Turki Al Faisal, Saudi Arabia’s former intelligence chief and onetime ambassador to Washington. Stefan Wermuth/Bloomberg “As an example, on energy issues, he came in...
US, UK, Europe, Japan will be in recession over next 12 months: Nomura
Many of the world’s leading economies will fall into a recession within the next 12 months as central banks move to aggressively tighten monetary policy...
China’s economy didn’t bounce back in the second quarter, survey finds
China’s exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers...