The head of the IMF said that the global economy would have to navigate an “obstacle course” this year with the ongoing pandemic and geopolitical tensions deepening a global inflation problem.
Oil prices jumped on Monday as geopolitical tensions in Eastern Europe and the Middle East heightened concerns about an already tight supply outlook, while OPEC and its allies continued to struggle to raise their output.
TOKYO, Jan 20 (Reuters) - Toyota Motor Corp (7203.T) is slowing production at as many as 11 plants in Japan because of rising COVID-19 infections among its workers and those at parts suppliers, it said on Thursday.
TOKYO, Jan 21 (Reuters) - Oil prices plunged on Friday, after rising to seven-year highs this week, as an increase in U.S. crude and fuel stockpiles prompted investors to take profits from the rally.
BENGALURU, Jan 21 (Reuters) - South Korea's economy likely accelerated in the last quarter, buoyed by strong exports and investments, but an economic slowdown in China and surging COVID-19 cases pose a significant risk, a Reuters poll found.
SINGAPORE, Jan 21 (Reuters) - Asian share markets and U.S. futures fell on Friday, after U.S. stocks took a knock overnight, hurt by lingering concerns over the Federal Reserve's tightening and weaker-than-expected economic and earnings data.