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Benchmark Brent crude cost about $109 a barrel on Tuesday, and has remained above or around $100 for more than three weeks, up over 50% from about $70 just before the conflict began on February 28. Risks sharpen for the global economy if oil moves above $110 or $120 a barrel, warned Nathan Sheets, chief global economist at Citi and a former U.S. Treasury Department official. "As this shock gets bigger and bigger, the risks of recession are rising significantly...There are likely some thresho ...Read More >
SAN FRANCISCO/AHMEDABAD, India - Kevin Kelly is in a tough spot. What he says are unprecedented price increases in the weeks since the United States waged war on Iran mean the Californian, who makes plastic bags for groceries, may have to break contracts he cannot afford to honor with his customers. Thousands of miles away in India, gas shortages have closed dozens of plants that export aluminum products around the world. And in Britain, some farmers are eking out their fertilizer stocks as pri ...Read More >
New Delhi, March 31 (SocialNews.XYZ) The International Monetary Fund (IMF) has said the ongoing US-Israel and Iran war could shape the global economy in different ways -- all roads leading to higher prices and slower growth. The IMF said the war in the Middle East is upending lives and livelihoods in the region and beyond. "It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises. The shock is global, yet asymmetric. Energy i ...Read More >
New Delhi, Dec 16 (PTI) India is set for a power-packed presence at the World Economic Forum Annual Meeting in Swiss ski resort town of Davos next month with four union ministers including Ashwini Vaishnaw and Shivraj Singh Chouhan set to join five CMs and over 100 CEOs from the country. K Ram Mohan Naidu, Minister for Civil Aviation, and Pralhad Joshi, Minister for New & Renewable Energy, Consumer Affairs, and Food & Public Distribution, will also be part of the Indian delegation at the five-d ...Read More >
New Delhi, Dec 15 (SocialNews.XYZ) While the global growth is 3.2 per cent, India is growing at 8.2 per cent, becoming the fastest growing major economy and every global institution is raising their growth outlook for the country in current fiscal (FY26), Finance Minister Nirmala Sitharaman told Parliament on Monday. Stressing that no "dead economy gets a credit rating upgrade," she further stated that India got rating upgrades from three major global agencies -- Morningstar DBRS, S&P and R&I. ...Read More >
New Delhi [India], October 20 (ANI): Top business leaders from across the Asia-Pacific region are set to gather in Gyeongju, North Gyeongsang Province, South Korea, later this month for the APEC CEO Summit 2025, as per a report by Pulse, the English service of Maeil Business Newspaper Korea. As per the report, a high-profile business forum held in the run-up to the Asia-Pacific Economic Cooperation (APEC) Leaders' Summit slated for October 31 to November 1. Also Read | Diwali 2025: Apple CEO T ...Read More >
IMF Chief Kristalina Georgieva says the global economy is resilient but faces a 'fog of uncertainty.' Key priorities include strengthening fundamentals, boosting growth through the private sector, and reducing excessive global imbalances. New Delhi [India], October 18 (ANI): The dark clouds of uncertainty are still holding over the global economy, but the relief is that it has done better than feared, highlighted Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). ...Read More >
The World Bank also raised its FY26 projection to 6.5%. Despite a downgraded global growth outlook, the IMF now considers India a key engine for global growth, affirming its economic significance. New Delhi [India]: The International Monetary Fund (IMF) on Tuesday revised India's growth forecast for the fiscal year 2025-26 (FY26) upward to 6.6%, a 0.2 percentage point increase from its previous estimate of 6.4%. This revision is largely due to India's strong growth momentum in the first quarter ...Read More >
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