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
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
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
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
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
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
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.
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
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
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