Global oil demand will ultimately react to lower prices, though it could stay weak in the first of the year as Middle East growth slows and Russia heads into recession, a report said.
Models suggest a six-month lag and a limited r
European stock markets fell for a second day on Wednesday, pushing world share indices back towards their lowest in six months as concern mounts over global economic growth.
New York markets were set to open flat to higher and cur
Finance and development ministers from around the world next week will warn of considerable downside risks to the global economy, and call for an effort to protect the world's poor, a report said.
With Europe flirting with def
Global oil demand will increase more quickly this year as economic growth accelerates, outstripping supply even as shale oil production in the US reaches record highs, the West's energy watchdog said on Tuesday.
Consumers are sticking to frugal shopping habits developed in the recession even as developed economies show signs of recovery, suggesting some behaviour changes could be permanent, industry executives say.
With household budgets
A bounce in exports and spending pulled the euro zone out of recession in the second quarter of 2013, data shows, in the first signs of recovery after the bloc's longest slump.
Stronger-than-expected growth from Germany to Por
Political turmoil pushed Egypt deeper into recession in August, with growth in non-oil private business activity falling for a tenth straight month and both output and new orders down, a survey showed on Tuesday.
The seasonally ad
The cheery freeze frame of the euro zone economy last quarter is no guarantee of a happy ending to what has been a horror movie for most of the single currency bloc since the onset of the great financial crisis.
The German and French economies grew faster than the United States in the second quarter, pulling the euro zone out of its longest recession.
Growth in the 17-country bloc was 0.3 percent from the previous quarter, with its two bi
Europe's factories delivered more signs last month the region is gradually leaving recession behind, according to business surveys that also eased immediate fears over the health of China's economy.