Tag: global markets

Global markets rebound after Omicron turmoil

  by Roland JACKSON Agence France Presse LONDON, United Kingdom (AFP) — Global stock markets rebounded Wednesday and oil prices surged following Omicron-driven losses and on the eve of a key output meeting of OPEC and its allies. European equities advanced, mirroring most rebounding Asian bourses, as dealers temporarily set aside news of record-high eurozone inflation. Oil surged about five percent, while the dollar extended gains against major rivals as the Federal Reserve is seen […]

Global turmoil, drought and fish deaths slow Vietnam economy

HANOI, Vietnam (AFP) — Vietnam’s economy slowed in the first half of 2016, official figures showed Wednesday, with a severe regional drought and a spate of fish deaths adding to losses caused by turmoil in global markets. GDP growth dropped to 5.52 percent in the first six months compared to 6.32 percent in the same period last year. The country grew at its fastest pace for five years in 2015 thanks to strong exports and […]