Sunday 7 February 2016
 
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Global economy

IMF cuts global growth forecast over China, oil slump

The International Monetary Fund cut its global growth forecasts for the third time in less than a year on Tuesday, citing a sharp slowdown in China trade and weak commodity prices that are hammering Brazil and other emerging markets.

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Prospects slim for major global economic pickup

The world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping interest rates low. The US Federal Reserv

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Prospects still slim for major global economic pickup

The world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping interest rates low. The US Federal Reserv

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Stocks fall on global growth worries

Global equity markets fell sharply on Friday as slumping oil prices raised concerns about slower growth, while the dollar slipped against the yen on views the Bank of Japan may not ease policy as much as expected. Trading in crude

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Oversupply pressuring oil price says Kuwait

Kuwait's Oil Minister Ali Al-Omeir on Sunday said the drop in the oil price was a result of excess supply and a decline in the global economy. The recovery of the oil price is dependant on the recovery of the global economy, A

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Oil falls on slowing global growth outlook

Oil prices dropped in Asian trading hours on Monday despite a fall in US drilling activity for the fourth straight week, with analysts pointing to a poor economic growth outlook as the main reason for low crude prices. China's

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Oil falls on slowing global growth outlook

Oil prices dropped in Asian trading hours on Monday despite a fall in US drilling activity for the fourth straight week, with analysts pointing to a poor economic growth outlook as the main reason for low crude prices. China's

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Hike in cash holdings over weaker global economy

Global investors have raised their holdings of cash significantly in response to a weaker global economic outlook, particularly in China, according to the Bank of America (BofA) Merrill Lynch Fund Manager Survey for July. Overall,

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Global economy ‘to grow at 3.1pc this year’

Global economic growth of is projected at 3.1 per cent this year, with economies in Asia, Sub-Saharan Africa, the Middle East and Latin America contributing more than half of this growth, a report said. The US and the euro area ar

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Oil falls on global economy concerns

Oil slipped on Thursday as weak data from the world's top economies raised concern about the outlook for global fuel demand, offsetting data that showed a large drawdown in US crude stockpiles last week. China, the world's

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