Sunday 14 February 2016
 
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Recession

Asian shares skid to 2011 levels as oil plummets

Asian shares slid to their lowest levels since late 2011 on Monday after weak US economic data and massive falls in oil prices stoked further worries about a global economic downturn. Oil prices fell as much as 4 per cent on Monda

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Gulf growth forecasts cut but region to avoid recession

Analysts have cut their forecasts for economic growth in Saudi Arabia and the Gulf's other rich oil states this year but still expect the region to avoid recession by a comfortable margin, a Reuters poll found. The median fore

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Japan export growth slows sharply, raising fears of recession

Japan's annual export growth slowed to a crawl in September as shrinking sales to China hurt the volume of shipments, raising fears that weak overseas demand may have pushed the economy into recession. Ministry of Finance data

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Oil demand to stay weak in H1 on Mideast, Russia

Global oil demand will ultimately react to lower prices, though it could stay weak in the first of the year as Middle East growth slows and Russia heads into recession, a report said. Models suggest a six-month lag and a limited r

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Growth worries grip world's stock, oil markets

European stock markets fell for a second day on Wednesday, pushing world share indices back towards their lowest in six months as concern mounts over global economic growth. New York markets were set to open flat to higher and cur

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Global officials to warn of economic risk

Finance and development ministers from around the world next week will warn of considerable downside risks to the global economy, and call for an effort to protect the world's poor, a report said. With Europe flirting with def

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Oil demand 'will rise quickly as growth picks up'

Global oil demand will increase more quickly this year as economic growth accelerates, outstripping supply even as shale oil production in the US reaches record highs, the West's energy watchdog said on Tuesday. The Internatio

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Thrifty spending habits persist even as economy lifts

Consumers are sticking to frugal shopping habits developed in the recession even as developed economies show signs of recovery, suggesting some behaviour changes could be permanent, industry executives say. With household budgets

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Exports, spending pull euro zone out of recession

A bounce in exports and spending pulled the euro zone out of recession in the second quarter of 2013, data shows, in the first signs of recovery after the bloc's longest slump. Stronger-than-expected growth from Germany to Por

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Egypt business activity contracts for tenth month

Political turmoil pushed Egypt deeper into recession in August, with growth in non-oil private business activity falling for a tenth straight month and both output and new orders down, a survey showed on Tuesday. The seasonally ad

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