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Banking turmoil means recession fears are creeping back

Banking turmoil means recession fears are creeping back

The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse's rescue, and the ensuing turmoil in world markets have re-ignited the recession risks that appeared to have abated just a few weeks ago.
PM forms multidisciplinary task force to resolve real estate woes

PM forms multidisciplinary task force to resolve real estate woes

Prime Minister Pham Minh Chinh has directed the establishment of a task force aimed at helping businesses and localities resolve issues troubling real estate projects.
November 17, 2022 | 05:38 am PT
Property market could see a recession next year: realtor

Property market could see a recession next year: realtor

With the way liquidity has been plunging in Vietnam’s property market, it could experience a recession next year, says Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association (HoREA).
November 8, 2022 | 05:33 pm PT
Starbucks plans to tap young, wealthy customers to weather recession

Starbucks plans to tap young, wealthy customers to weather recession

Starbucks Corp topped Wall Street estimates for quarterly comparable sales and profits, saying it will weather any coming recession by selling customized cold drinks through its rewards app.
November 3, 2022 | 11:48 pm PT
Tech giants feel pain as cloud spending cuts suggest slowdown

Tech giants feel pain as cloud spending cuts suggest slowdown

U.S. tech giants Amazon.com, Microsoft and Intel said this week that customers were taking an axe to cloud and datacenter spending.
October 27, 2022 | 07:01 pm PT
US job growth solid in August; labor market pressure starting to ease

US job growth solid in August; labor market pressure starting to ease

U.S. employers hired more workers than expected in August, but moderate wage growth and a rise in the unemployment rate to 3.7% suggested the labor market was starting to loosen, raising cautious optimism that the Federal Reserve could slow the economy without triggering a recession.
September 2, 2022 | 05:57 pm PT
US economy slowing, but recession not inevitable, Yellen says

US economy slowing, but recession not inevitable, Yellen says

U.S. Treasury Secretary Janet Yellen said on Sunday that U.S. economic growth is slowing and she acknowledged the risk of a recession, but she said a downturn was not inevitable.
July 24, 2022 | 06:19 pm PT
Euro slumps to two-decade low, oil tumbles as recession fears intensify

Euro slumps to two-decade low, oil tumbles as recession fears intensify

The euro sank on Tuesday to its weakest level against the dollar in almost 20 years while oil futures tumbled and bond prices rose as investors sought safety after the latest data fueled fears of a global economic slowdown.
July 5, 2022 | 06:00 pm PT
Anticipating US downturn, Elon Musk details Tesla staff cuts

Anticipating US downturn, Elon Musk details Tesla staff cuts

Elon Musk, CEO of Tesla, said a 10 percent cut in salaried staff at the electric car maker will happen over three months, as the world's richest man predicted a U.S. recession was more likely than not.
June 21, 2022 | 07:31 pm PT
UK to enter recession this year, think-tank NIESR forecasts

UK to enter recession this year, think-tank NIESR forecasts

Britain is on course to enter a technical recession in the second half of this year and faces a big hit to living standards from surging prices, an economic think-tank said on Wednesday.
May 10, 2022 | 07:36 pm PT
Covid-19 could bankrupt 50 pct of Vietnamese enterprises: VCCI

Covid-19 could bankrupt 50 pct of Vietnamese enterprises: VCCI

If the Covid-19 crisis prolongs, as many as 50 percent of Vietnamese businesses could go under, a VCCI survey has found.
April 9, 2020 | 03:44 am PT
Survey collects business inputs on Covid-19 crisis

Survey collects business inputs on Covid-19 crisis

If your business has been experiencing difficulties and deploying measures to ride out the Covid-19 crisis, a new survey would like to hear from you.
April 7, 2020 | 09:05 pm PT
Half of Vietnamese think country still in recession: survey

Half of Vietnamese think country still in recession: survey

Almost half of Vietnamese think the country is still in recession, a recent Nielsen survey has found.
September 3, 2018 | 08:47 pm PT
Japan economy expands much more than expected, dodges recession in Q1

Japan economy expands much more than expected, dodges recession in Q1

Japan's economy expanded at the fastest pace in a year in the first quarter thanks to a consumption boost from the leap year, but analysts say the rebound was not strong enough to dispel concerns over the murky outlook.
May 17, 2016 | 06:34 pm PT
 
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