Bloomberg Goldman Sachs group Inc urged investors to pile into commodities as most recession risks coursing through global markets are overblown in the near term, arguing that raw materials stand to rebound amid a profound energy crisis and tight physical fundamentals. “Our economists view the risk of a recession outside Europe in the next 12 months as relatively low,” …

  Bloomberg The global economy risks sustained weakness without a change in how it’s run, according to Agustin Carstens, who heads the Bank for International Settlements (BIS). The pandemic and war in Ukraine have proved a “rude awakening” for central banks, which had assumed for too long that supply adjusts automatically and smoothly to shifts in demand, Carstens told the …

  Beijing / WAM China’s software industry reported a 10.3 percent increase in business revenues in the first seven months of the year, Chinese news agency, Xinhua, reported. Revenues totalled 5.46 trillion yuan (about $796.66 billion) from January to July, data from China’s Ministry of Industry and Information Technology showed. Companies in the sector raked in 569.8 billion yuan in …