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Watch out for US recession, zero interest rates in China next year: Citi

Watch out for US recession, zero interest rates in China next year: Citi

The outlook for the global economy next year is darkening, with a US recession and China becoming the first major emerging market to slash interest rates to zero both potential scenarios, according to Citi. 

US top business place for investors: Obama

Noting that his country has bounced back from its worst ever recession, US president Barack Obama has said America is now the top place for investors to do business.

US economy shrank 2.9% in first quarter: Govt

The contraction in the world`s largest economy was the steepest since the 2009 first quarter.

Economy recovering, infra investment needed: US

The American economy is recovering in the aftermath of the worst recession, a top US official has said, but acknowledged that the country's infrastructure sector is in "crying" need of further investment.

US continuing to recover from the worst recession: White House

The US is continuing to recover from the worst recession since the Great Depression, the White House said after the latest jobs report revealed that the unemployment rate for the month of April has dropped to 7.5 percent, the lowest in four years.

Recession reverses 'empty nest' syndrome in US

Empty nest syndrome is associated with general feeling of loneliness among parents when their children leave home to live on their own for the first time.

Warren Buffett rules out recession if Congress can’t deal with fiscal cliff

American business magnate Warren Buffett has said there ‘won’t be a recession’ if Congress can't resolve the so-called fiscal cliff before the automatic tax increases and spending cuts take effect in January.

US stock rally helps regain wealth lost in recession

A stock rally at the end of 2011 helped rebuild more of their lost wealth — a trend that carried into 2012. Households responded by borrowing more for the first time since the financial crisis began, even as home values fell further.

For Americans, recovery feels like recession: Study

No wonder many Americans feel as if the economy never recovered at all.

Funds see Europe recession in next year: BoA Merrill Lynch

Europe's sovereign debt and banking crisis is expected to push the region into recession over the next 12 months, and most investors do not expect higher US interest rates until 2013, a survey showed on Tuesday.

Brent falls below $112 on US recession fears

Brent crude fell below $112 a barrel on Monday, as fears of another US recession slowing fuel demand overshadowed supply concerns over a major shutdown of offshore oil production forced by Tropical Storm Lee.

Fed could get specific on goals if recession hits

A darkening US economic outlook is forcing Federal Reserve officials to dig ever deeper into an already depleted policy toolkit and consider measures until recently deemed too radical.

US recession fears recede as factories show growth

US manufacturing unexpectedly grew in August and fewer Americans filed new claims for jobless aid last week, despite a slump in confidence that threatened to push the economy back into recession.

Lehman Brothers to seek creditor vote on $65 billion payout

Lehman Brothers Holdings Inc will ask a bankruptcy judge on Tuesday to let creditors vote on its USD 65 billion payout plan, a key step toward ending the biggest bankruptcy in US history.

Bernanke quiet on next Fed moves, stresses job crisis

Federal Reserve Chairman Ben Bernanke on Friday stopped short of signaling further action to boost the US recovery, but said it was critical for the economy's health to reduce unemployment.

Nikkei up on bargain hunting as China data awaited

The Nikkei average rose on Tuesday on broad-based bargain hunting after sliding the previous day to its lowest close in five months, although concerns about the economies of key export markets and the impact of yen strength kept gains in check.

All eyes on Bernanke as recession looms

With the global economy sputtering and financial markets on the rocks, the world needs reassurance the US central bank stands ready to save the day.

Global stocks slide anew, gold sets fresh record

Equity markets slid anew and gold set a second-straight record high on Friday as fears of a possible US slide into recession and concerns related to Europe's debt crisis kept investors on edge.

Infosys, other IT shares hit 21-month low

Shares in leading software services companies including Infosys slumped to their lowest level in 21 months on Friday as investors retreated from the exporters on heightened fears of a recession in the United States, the top market for the sector.

Morgan Stanley warns of US, EU recession

Morgan Stanley said Thursday that the United States and Europe are dangerously close to recession, blaming in part policy errors by authorities on both sides of the Atlantic.