“New York Times” Q3 Revenue Forecast Ahead of Estimates
New York Times Co announced on Tuesday its revenue forecast for the third quarter. The news outlet expects its advertising revenue to remain flat compared to the current quarter, while Wall Street analysts are forecasting a 4.1% drop.
The company is looking to expand its...
IMF Warns That World Economy Headed For Weakest Growth Since 1990
International Monetary Fund Managing Director Kristalina Georgieva announced on Thursday that global economic growth is in danger of experiencing the lowest medium-term growth since 1990. With the IMF/World Bank meetings scheduled for next week, the IMF director stated that global growth is set to...
S&P Global CEO Anticipates Companies Slowdown
S&P Global chief executive officer Doug Peterson gave his assessment that global companies will continue to slow down their investment efforts as they remain cautious amid global economic issues such as inflation and the prospect of an impending recession.
"A lot of companies that I've...
World Bank Slashes 2023 Forecast, Warns of Global Recession
The World Bank reduced its 2023 growth forecasts on Tuesday to levels whereby numerous countries would find themselves nearing recession.
Having forecast global growth at 3.0% in June 2022, the World Bank now expects 2023 global GDP growth to be around 1.7%; the slowest...
Asia Posts Biggest FX Reserves Drop Since 2015-16
Foreign exchange reserves fell by 6.2%, a total of $372 billion, during the first half of 2022. This is the largest six-month decline since the six months ending January 2016.
Thailand suffered the largest decline of 10.4% to $201.4 billion for the six-month period ending...