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Gold drifts from 1-month highGold inched down on Thursday, pulling further away from a one-month high hit earlier in the week, as increasing confidence in the global economic recovery dulls bullion's appeal as a safe-haven investment. &nbs More… |
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Energy sector ‘to lead economic recovery’The energy sector has a major role to play in global economic growth and recovery, with its indirect contributions outweighing the already considerable direct effects, according to a new report. The World Economic Forum report entitled Ene More… |
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Global recovery 'on track despite risks'Global economic recovery is on track, helped by a stronger United States, but threats ranging from high oil prices to European sovereign debt crises could yet combine to create a bout of stagflation, the OECD said. The Paris-based Organisa More… |
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Global economic recovery faces troubleAfter several strong quarters, the global economic recovery appears to be sputtering. In particular, the industrial sector, a key driver of the bounce-back from a historic worldwide recession, looks to be fraying. "People need to seriously More… |
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Stocks down, oil off on recovery fearsWorld stocks fell to a one-month low on Tuesday on lingering doubts over the global economic recovery and worries about the debt of peripheral euro zone nations, while oil was pushed down by demand concerns and a firm dollar. More… |
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Oil will not derail recovery says World BankA sustained period of higher oil prices would significantly affect developing economies but is unlikely to derail their strong recovery since the financial crisis, a senior World bank official said on Monday. Andrew Burns, the World Bank&# More… |
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US leads rich-world recovery as Europe lagsThe United States will lead the rich world's economic recovery over the next two years while Japan and major European economies flounder by comparison, according to Reuters polls of more than 200 economists. Backed by strong retail sales t More… |
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Sluggish recovery to linger into 2011: IMFA slowing of the global economic recovery is likely to persist into early 2011, with evidence that world growth will drop below International Monetary Fund forecasts in the second half of this year, a senior fund official said. "The global More… |
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Gold steady after record high; eyes $1,300Spot gold was steady after surging to a record in the previous session, and more upside is likely as investors remain nervous about the global economic recovery. Spot gold edged down 0.1 percent to $1,268.7 an ounce by 0 More… |
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Economic recovery to go on, say G20 membersG20 delegates agreed on Saturday global economic recovery would endure although the speed of expansion may slow, a South Korean official said. Kim Jae-chun, deputy governor of South Korea's central bank who co-chaired the meeting of G2 More… |
