Page 11 - Latest Updates on Recession
Limited refining capacity to keep margins high: Reliance Industries
RIL did point to these recessionary fears at its investor call, saying it remained a challenge for oil companies
 "Limited refining capacity to keep margins high: Reliance Industries")
Top headlines: RIL Q1 profit surges 46%, MoD bans imports from 18 platforms
Public procurement by public sector undertakings (PSUs) from micro and small enterprises rose nearly 11 per cent year-on-year (YoY) to Rs 41,699 crore in the fiscal year 2020-21
 "Top headlines: RIL Q1 profit surges 46%, MoD bans imports from 18 platforms")
Reliance Industries warns of global recession headwinds after profit miss
"Recession fears are overtaking oil market fundamentals, resulting in lower prices and margins," Reliance's Joint Chief Financial Officer V. Srikanth said in a post-earnings call Friday
 "Reliance Industries warns of global recession headwinds after profit miss")
India's non-oil exports to Nepal fell 13% to $943 mn in April-May
Himalayan neighbour bans imports of non-essentials amid depleting forex; dip could impact India's FY23 trade deficit which is already worsening on fears of recession in developed countries
 "India's non-oil exports to Nepal fell 13% to $943 mn in April-May")
Microsoft, Google among tech giants to pause hiring amid fear of recession
With recession fears mounting-and inflation, the war in Ukraine and the lingering pandemic taking a toll-many tech companies are rethinking their staffing needs
 "Microsoft, Google among tech giants to pause hiring amid fear of recession")
Stocks and sectors to bet on as the US economy faces a recession
Analysts expect the US economy to enter a recession in a few months. The impact will be felt across global financial markets. Which sectors and stocks are investment-worthy amid this uncertainty?
 "Stocks and sectors to bet on as the US economy faces a recession")
Gold eases as dollar gains, recession fears ebb; silver rises 0.2%
By Arundhati Sarkar
 "Gold eases as dollar gains, recession fears ebb; silver rises 0.2%")
Russian gas shutdown would send some EU countries into recession: IMF
IMF said Europe lacked a comprehensive plan to cope with shortages, further increases in energy prices and the impact on growth, The Guardian reported.
 "Russian gas shutdown would send some EU countries into recession: IMF")
Investor sentiment in doldrums, growth optimism hits record low: BofA study
Survey shows while inflation is seen falling, mood is stagflationary; recession expectations highest since May 2020; global growth and profits at all-time lows, cash levels highest since 9/11 attacks
 "Investor sentiment in doldrums, growth optimism hits record low: BofA study")
Biggest market jump in a month adds Rs 3.4 trillion to investor wealth
1.4% jump comes on the back of easing recession fears, China policy support
 "Biggest market jump in a month adds Rs 3.4 trillion to investor wealth")
Oil jumps 2% as soft dollar and tight supply offset recession concerns
Brent crude futures for September settlement rose $2.44, or 2.4%, to $103.60 a barrel by 0900 GMT, having advanced by 2.1% on Friday.
 "Oil jumps 2% as soft dollar and tight supply offset recession concerns")
Morgan Stanley cuts India's FY23 GDP forecast to 7.2%
It sees downside risks emanating from a weaker than expected global growth trend, supply-side-driven commodity price shock and faster than warranted tightening of financial conditions
 "Morgan Stanley cuts India's FY23 GDP forecast to 7.2%")
Top Headlines: LIC's embedded value remains flat, FTP amendments, and more
LIC's Indian embedded value (IEV) grew marginally to Rs 5.41 trillion as of March 2022 compared with Rs 5.39 trillion as of September 2021
 "Top Headlines: LIC's embedded value remains flat, FTP amendments, and more")
Global recession fears may ease inflationary pressures: Govt report
CAD will deteriorate if crude prices don't come down
 "Global recession fears may ease inflationary pressures: Govt report")
US inflation impact: Global recession fears to cool WPI inflation in India
Impact on CPI inflation to come later, rupee depreciation to negate some of this impact
 "US inflation impact: Global recession fears to cool WPI inflation in India")
Dollar ascendant as CPI stokes Fed bets; Aussie jumps on strong jobs
The dollar resumed its relentless rise on Thursday, driven by both expectations for faster Federal Reserve policy tightening and safe-haven flows amid growing fears of a recession
 "Dollar ascendant as CPI stokes Fed bets; Aussie jumps on strong jobs")
With rupee at new low, Indian bonds may be worst hit if recession grips US
Indian bonds have declined in tandem with a slide in the rupee. The currency is now hovering close to a record low against the dollar as elevated commodity prices stoke inflation and boost the subsidy
 "With rupee at new low, Indian bonds may be worst hit if recession grips US")
World faces increasing risk of recession in next 12 months, says IMF
The commodity price shock from the war in Ukraine had exacerbated the cost-of-living crisis for hundreds of millions of people, Kristalina Georgieva said and it was 'only getting worse'
 "World faces increasing risk of recession in next 12 months, says IMF")
IMF has warned that a long downturn is happening. But is anyone listening?
The IMF has not minced any words when it comes to fiscal policy. It has always advocated tight control over the political inclination to spend now and let someone else worry about the future
Understanding inflation in the US
Lessons from economics and history need to be applied appropriately by the public authorities to the changing situations
