Page 10 - Latest Updates on Recession
Gold prices extend gain on global recession fears, Sino-US tensions
Spot gold was up 0.3% at $1,777.79 per ounce by 10:56 a.m. ET (1456 GMT). U.S. gold futures gained 0.6% to $1,795.90.
 "Gold prices extend gain on global recession fears, Sino-US tensions")
Gold steadies as lower US treasury yields counter uptick in dollar
Spot gold was flat around $1,771.29 per ounce by 0843 GMT, after hitting its highest since July 5 at $1,780.39 earlier in the session.
 "Gold steadies as lower US treasury yields counter uptick in dollar")
Top Headlines: Debate on RBI rate hike, Zomato biz structure change & more
Zomato is on an internal rebranding exercise by moving to a multiple chief executive structure for its businesses that will be housed under a larger organisation called Eternal
 "Top Headlines: Debate on RBI rate hike, Zomato biz structure change & more")
No question of recession or stagflation in India, says FM Sitharaman
FM says govt making efforts to bring inflation below 7%
 "No question of recession or stagflation in India, says FM Sitharaman")
Dollar struggles at 6-week lows vs yen as markets ramp up recession bets
By Saikat Chatterjee
 "Dollar struggles at 6-week lows vs yen as markets ramp up recession bets")
Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%
CLOSING BELL: M&M (up 6 per cent) was the top Sensex gainer, followed by RIL, Maruti Suzuki, Bharti Airtel, Power Grid, Kotak Bank, Ultratech Cement, ITC, NTPC, SBI, Axis Bank, and Titan
 "Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%")
What is a recession?
It looks like the equity markets have priced in the prospect of the US slipping into recession. But ever wondered what exactly recession is? Our next report tells
 "What is a recession?")
'Losing objectivity': Elon Musk slams Wikipedia over 'recession' page
After Wikipedia suspended the editing of the "recession" page, tech billionaire Elon Musk slammed co-founder Jimmy Wales and said the platform is "losing its objectivity".
 "'Losing objectivity': Elon Musk slams Wikipedia over 'recession' page")
World's biggest bond markets back in vogue as recession fears mount
By Dhara Ranasinghe
 "World's biggest bond markets back in vogue as recession fears mount")
 "Oil rally to stall as recession risks counter tight supplies, says poll")
Exports to take severe beating if recession hits US, Europe: Experts
Domestic demand may have to cushion the external impact
 "Exports to take severe beating if recession hits US, Europe: Experts")
US economy shrinks for a second quarter, fueling recession fears
Surging inflation, rising rates, and continued supply chain snags to blame
 "US economy shrinks for a second quarter, fueling recession fears")
Dollar pares gains as US economic growth contracts for second quarter
The second straight quarterly decline in GDP meets the standard definition of a recession. It comes as the Fed aggressively hikes rates in an attempt to choke off soaring inflation.
 "Dollar pares gains as US economic growth contracts for second quarter")
China banks rush to raise debt as slowdown hikes potential bad loans
A record amount of fresh money has come from financial markets in China, with banks selling 29% more bonds in the first half of the year compared to last year
 "China banks rush to raise debt as slowdown hikes potential bad loans")
Indian diaspora, global bankers may profit from New Delhi's dollar crunch
India isn't in the same boat as its South Asian neighbors, even though it's in the same choppy waters
 "Indian diaspora, global bankers may profit from New Delhi's dollar crunch")
US economy seen narrowly averting back-to-back contractions in Q2
Economists expect GDP to grow at annualised 0.4% in April-June period; consumer spending likely decelerated 1.2% on an annual basis
 "US economy seen narrowly averting back-to-back contractions in Q2")
India's top companies flag slowdown concerns as global recession looms
Chairman of the top two consumer goods companies, namely ITC and HUL, were blunt in their assessment of the market
 "India's top companies flag slowdown concerns as global recession looms")
Amid 'extraordinary' uncertainty, IMF doesn't rule out global recession
IMF warns that risk is particularly prominent in 2023, and even small shocks could cause economies to stall
 "Amid 'extraordinary' uncertainty, IMF doesn't rule out global recession")
Global economy in grips of serious slowdown, inflation surge to endure
The global economy is in the grips of a serious slowdown, with some key economies at high risk of recession and only sparse meaningful cooling in inflation over the next year
Biden fights talk of recession as key US economic growth report looms
Top forecasts such as the Atlanta Federal Reserve's GDP now are predicting that the figure will be negative for the second straight quarter an informal signal that the country is stuck in a downturn.
 "Biden fights talk of recession as key US economic growth report looms")
