WASHINGTON, July 26 (Reuters) - The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked.
Investing.com – Asia Pacific stocks were mixed on Wednesday morning. U.S. equities rose as earnings eased some gloom.
KUALA LUMPUR (Reuters) -Oil prices held steady on Wednesday as concerns about weaker demand offset industry data that showed a larger-than-expected drawdown in stockpiles.
BEIJING (Reuters) -Profits at China's industrial firms bounced back to growth in June, bolstered by the resumption of activity in major manufacturing hubs, but worries about a COVID-19 resurgence have cast a shadow over future factory output.
KYIV, July 26 (Reuters) - Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts about whether Russia will stick to a deal to let Ukraine export grain.
July 26 (Reuters) - U.S. oil refiners are expected to post gangbuster second-quarter earnings as robust worldwide fuel demand and perilously low inventories charged up margins, but weaker demand in July and recession worries clouded the outlook for future results.