Page 10 - Global Economy

CEOs to govts: Rise above geopolitical tensions, protectionism for reforms

Governments across the world must rise above geopolitical tensions to re-engage on trade reforms while refraining from protectionism, a group of nearly 30 CEOs said in a joint call to action

Commodity price surge deals stagflationary blow to world economy

Rising costs for households and companies are hitting confidence while pushing inflation faster than economists had expected only a few months ago

World Bank says Delta variant slowing economic growth in East Asia, Pacific

While China's economy is projected to expand by 8.5%, the rest of the region is forecast to grow at 2.5%, nearly 2 percentage points less than forecast in April 2021, the World Bank said

Did central banks gain too much clout in pandemic: An economist explains

Christina Parajon Skinner, an assistant professor at the Wharton School and former legal counsel at the Bank of England, probe the question.

Evergrande crisis: A modified script may need to be written on China

This crisis could mark the end of the long run of "miracle" growth that made China the world's second-largest economy, and a challenger to the US in economic and strategic clout, writes T N Ninan

How to tell if the Evergrande crisis is spilling beyond China

Evergrande owes $305 billion, has run short of cash, and investors are worried a collapse could pose systemic risks to China's financial system and reverberate around the world

World has never been more threatened or divided, we must wake up: UN chief

The world has never been more threatened or more divided, and is facing the "greatest cascade of crises, UN Secretary General Antonio Guterres told global leaders on Tuesday

Another crisis bugs aviation industry after Covid-19: a shortage of pilots

Many airlines are aggressively trying to rehire pilots as well as cabin crew and ground staff, but that's not been a simple process and some jobs are left unfilled

China's data burst casts pall over global recovery, UK prices spike

Yields recovered slightly to 1.2820%, while the dollar eased 0.124% .

From India to US, sharpest rise in food price since 1970s challenges govts

Global food prices were up 33% in August from a year earlier with vegetable oil, grains and meat on the rise, data from the United Nations Food and Agriculture Organization show

Investors turn bearish on global economy though positioning upbeat: BofA

Rare disconnect between asset prices, fundamentals; liquidity conditions viewed as best since before 2008 crisis

Japan's wholesale inflation hovers near 13-yr high as material costs rise

The corporate goods price index, which measures the price companies charge each other for their goods and services, rose 5.5% in August from a year earlier

Global shipping is earning the most money since 2008 as pandemic pain wanes

This boom's causes are twofold -- an economic reopening after Covid that has spurred surging demand for goods and raw materials

S&P 500, world equity index retreat as economic worries weigh

WASHINGTON/MILAN (Reuters) -U.S. shares were mixed and global equities retreated from record highs on Tuesday as investors balanced mounting worries over the slowing pace of economic recovery and hopes the Federal Reserve will delay tapering its bond purchases.

World, US share markets come under pressure as Delta, economy worries mount

European stocks retraced ahead of an ECB policy meeting on Thursday. The STOXX 600 benchmark was down 0.5% but just below its lifetime peak hit in August.

Global trends to guide markets in holiday-shortened week: Analysts

The stock market is likely to continue with its positive momentum but may face bouts of profit-booking amid lofty valuations in this holiday-shortened week, analysts said

Delta surge means this is as good as it gets for global growth

Data over the past week captured a worldwide weakening as infections hit travel and spending and worsen supply bottlenecks that are dampening manufacturing and trade

Global growth rebound solidified, but spread of Delta poses risks: Moody's

Global growth rebound has solidified, but spread of delta variant poses risks, Moody's Investors Service said in its latest assessment of global economy as the pandemic continues.

US Fed now risks too-slow taper after too fast in 2013, says Raghuram Rajan

"The Fed thinks it has time" to slow-walk the tightening process, especially given longer-term disinflationary forces like aging, automation and globalization, Raghuram Rajan said in an interview

Macro data, global trends to dictate stock markets this week: Analysts

Domestic equities will be guided by macroeconomic data, auto sales numbers and global trends this week, analysts said. Equity benchmark indices scaled new closing highs on Friday, with the 30-share BSE index closing above the 56,000-mark for the first time. The market capitalisation of BSE-listed companies jumped to an all-time high of Rs 2,43,73,800.36 crore on Friday. "Markets could be impacted by an eventful economic calendar which begins with quarterly GDP growth rate numbers, followed by auto sales numbers and manufacturing PMI data," according to a note by Samco Securities Research. Markets would also continue to watch COVID-19 trends and pace of vaccination. During the last week, the BSE benchmark gained 795.40 points or 1.43 per cent. "Domestically, the result season is over with better-than-expected delivery and now with vaccination drive going on in full swing, economic recovery is expected to gain pace. However, sharp outperformance in the past 18 months had led to conc