A recession is coming — and stock markets won’t come through it unscathed, strategist says
The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview…
‘We should be worried’: Finance leaders warn rising interest rates are squeezing low-income countries
Leaders of several global financial bodies warned that rising interest rates are increasing pressure on low-income developing countries, around 60%…
Banking turmoil was not a crisis but ‘the downside risks are real,’ IIF boss warns
The banking sector turmoil that led to the collapse of several lenders was not a systemic crisis and has now…
Banks in ‘more precarious situation’ creating risks for global growth, IMF chief economist warns
Interest rate rises have increased banks’ vulnerabilities — and their response presents a significant risk to global growth, the International…
IMF says U.S-China tensions could cost the world about 2% of its output
The International Monetary Fund said in a Wednesday report that global tensions could disrupt overseas investment and eventually lead to…
‘It’s not a pretty picture’: Russia’s support is growing in the developing world
Russia’s sphere of influence is growing as propaganda and diplomatic efforts gather momentum and Western powers fail to counter the…
Private equity deals in Asia plunged 44% in 2022. More uncertainty may be ahead
Asia-Pacific’s private equity market plummeted last year — as investors’ appetite for risk fell in the face of inflation and…
Saudi National Bank chair resigns just days after Credit Suisse comments sparked sell-off
Saudi National Bank Chairman Ammar al-Khudairy resigned his post on Monday, days after his comments exacerbated the share collapse of…
‘The first bank crisis of the Twitter generation’: The pressure on banks is very different from 2008
LONDON — Turbulence across the banking sector has prompted the question of whether we are teetering on the edge of…
Asia’s regulators say banking system is robust and stable after UBS-Credit Suisse takeover deal
Regulators in Asia issued reassuring statements Monday that their banking systems remained robust and stable after Swiss banking giant UBS…
