The world’s biggest economies are moving deeper into a slowdown: Report

Momentum is easing across the world’s major economies, according to a gauge the OECD uses to predict turning points. The Composite Leading Indicator is the latest sign of a synchronized slowdown in global growth, adding to recession warnings sparked by industrial figures in Germany last week and and slumping trade figures for China earlier on Monday. The indicator, which is designed to anticipate turning points six-to-nine months ahead, has been ticking down since the start of 2018 and fell again in November. The OECD singled out the US and Germany,…

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Samsung Electronics Braces for Profit Drop as China Slowdown Chips Away at Demand

Samsung Electronics Co is set to post its first drop in quarterly operating profit in two years as slowing economic growth in China, a key market for the South Korean tech giant, erodes demand for its products. Bleak results from the world’s top maker of semiconductors and smartphones would add to worries for investors, already on edge after Samsung’s biggest rival Apple this week took the rare step of cutting its sales forecast on slowing iPhone demand in China. Samsung, due to publish preliminary fourth-quarter results on January 8, is expected to…

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