The company is looking to expand its target audience by bundling access to news reports and articles with other products such as podcasts, games, and product recommendations. Furthermore, it seeks to maintain reader interest by encouraging subscribers who were attracted to the news outlet through promotions to upgrade to bundle deals, thereby increasing their payments.

With a goal of reaching 15 million subscribers by 2027, the NYT added 180,000 new subscribers during the second quarter. 190,000 new subscribers were gained during the first quarter.

Demand for advertising spots is rising as companies become more willing to increase their ad spend upon making an economic rebound. The company’s ad revenue of  $590.9 million for the second quarter outpaced its first-quarter result of $580.5 million.

The post “New York Times” Q3 Revenue Forecast Ahead of Estimates appeared first on theprimarymarket.com.

According to Georgieva, rising geopolitical tension and persistent inflation are threatening the ability of the global growth rate to rise. Currently, growth remains well below the average 3.8% growth that has been experienced over the past two decades.

Georgieva sees emerging economies such as India and China as the strongest performers going forward, while she expects approximately 90% of advanced economies to experience a decline in growth over the course of the year.

Following the collapse of Silicon Valley Bank in the U.S. and Credit Suisse, Georgieva has called on central banks to “address financial stability risks when they emerge through appropriate provision of liquidity.”

“The key is to carefully monitor risks in banks and non-bank financial institutions, as well as weaknesses in sectors such as commercial real estate,” the IMF director recommended. She does believe, however, that further interest rate hikes are needed to beat down persisting inflation.

The post IMF Warns That World Economy Headed For Weakest Growth Since 1990 appeared first on theprimarymarket.com.

“A lot of companies that I’ve been meeting with are slowing down their investments,” Peterson explained. “We do see a slowdown in the E.U., U.K. and U.S. — could be into a mild recession, [with a] recovery later this year. We don’t quite know the timing.” The S&P executive voiced his sentiment at the World Economic Forum in Davos, Switzerland.

Peterson went on to explain that, as a result of market uncertainty, companies are looking to cut spending and investment with strategies such as lowering their cost base and cutting jobs.

Following the rise of layouts across the tech industry, cloud software giant ServiceNow’s chief financial officer Gina Mastantuono explained that it has become easier to find talent to fill job roles today than it was previously. She went on to explain that her company is looking to take advantage of this opportunity.

The post S&P Global CEO Anticipates Companies Slowdown appeared first on theprimarymarket.com.

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 pace outside of the 2009 and 2020 recessions.

“Given fragile economic conditions, any new adverse development — such as higher-than-expected inflation, abrupt rises in interest rates to contain it, a resurgence of the COVID-19 pandemic or escalating geopolitical tensions — could push the global economy into recession,” the bank explained in a statement.

According to the bank, slowdowns in major world economies could lead to another global recession just three years after the previous one. The World Bank has forecast just 0.5% growth for the United States and the eurozone.

Business investment is also expected to grow at a slowing rate, with a forecast of 3.5% being posted by the World Bank. The bank did note, however, that inflationary pressures across the globe began to subside during the closing stages of 2022, with energy and commodity prices being pushed down from their peak figures.

The post World Bank Slashes 2023 Forecast, Warns of Global Recession appeared first on theprimarymarket.com.

Thailand suffered the largest decline of 10.4% to $201.4 billion for the six-month period ending June. Following closely behind was the Philippines, where reserves declined by 7.3% to $100.9. Both India and China tied for third place, with both nations’ reserves sliding by 7.3% to $100.9 billion.

This dramatic fall largely shows a failure of policymakers to effectively defend against the constant downward pressure being applied by the strengthening US dollar.

Alex Holmes, the senior economist at Oxford Economics, noted that while many Asian countries favor a weaker currency due to their large export operations, such a rapid decline will be a cause for concern.

“The big added factor is that most countries are now battling decade-high inflation, and that’s a problem that’s compounded by having a weaker currency,” Holmes elaborated.

While Asian nations have vastly strengthened economically since the 1997 Asian financial crisis and the taper tantrum of mid-2013, nations such as India, Thailand, and the Philippines remain vulnerable due to running account deficits.

The post Asia Posts Biggest FX Reserves Drop Since 2015-16 appeared first on theprimarymarket.com.

The company is looking to expand its target audience by bundling access to news reports and articles with other products such as podcasts, games, and product recommendations. Furthermore, it seeks to maintain reader interest by encouraging subscribers who were attracted to the news outlet through promotions to upgrade to bundle deals, thereby increasing their payments.

With a goal of reaching 15 million subscribers by 2027, the NYT added 180,000 new subscribers during the second quarter. 190,000 new subscribers were gained during the first quarter.

Demand for advertising spots is rising as companies become more willing to increase their ad spend upon making an economic rebound. The company’s ad revenue of  $590.9 million for the second quarter outpaced its first-quarter result of $580.5 million.

The post “New York Times” Q3 Revenue Forecast Ahead of Estimates appeared first on theprimarymarket.com.

According to Georgieva, rising geopolitical tension and persistent inflation are threatening the ability of the global growth rate to rise. Currently, growth remains well below the average 3.8% growth that has been experienced over the past two decades.

Georgieva sees emerging economies such as India and China as the strongest performers going forward, while she expects approximately 90% of advanced economies to experience a decline in growth over the course of the year.

Following the collapse of Silicon Valley Bank in the U.S. and Credit Suisse, Georgieva has called on central banks to “address financial stability risks when they emerge through appropriate provision of liquidity.”

“The key is to carefully monitor risks in banks and non-bank financial institutions, as well as weaknesses in sectors such as commercial real estate,” the IMF director recommended. She does believe, however, that further interest rate hikes are needed to beat down persisting inflation.

The post IMF Warns That World Economy Headed For Weakest Growth Since 1990 appeared first on theprimarymarket.com.

“A lot of companies that I’ve been meeting with are slowing down their investments,” Peterson explained. “We do see a slowdown in the E.U., U.K. and U.S. — could be into a mild recession, [with a] recovery later this year. We don’t quite know the timing.” The S&P executive voiced his sentiment at the World Economic Forum in Davos, Switzerland.

Peterson went on to explain that, as a result of market uncertainty, companies are looking to cut spending and investment with strategies such as lowering their cost base and cutting jobs.

Following the rise of layouts across the tech industry, cloud software giant ServiceNow’s chief financial officer Gina Mastantuono explained that it has become easier to find talent to fill job roles today than it was previously. She went on to explain that her company is looking to take advantage of this opportunity.

The post S&P Global CEO Anticipates Companies Slowdown appeared first on theprimarymarket.com.

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 pace outside of the 2009 and 2020 recessions.

“Given fragile economic conditions, any new adverse development — such as higher-than-expected inflation, abrupt rises in interest rates to contain it, a resurgence of the COVID-19 pandemic or escalating geopolitical tensions — could push the global economy into recession,” the bank explained in a statement.

According to the bank, slowdowns in major world economies could lead to another global recession just three years after the previous one. The World Bank has forecast just 0.5% growth for the United States and the eurozone.

Business investment is also expected to grow at a slowing rate, with a forecast of 3.5% being posted by the World Bank. The bank did note, however, that inflationary pressures across the globe began to subside during the closing stages of 2022, with energy and commodity prices being pushed down from their peak figures.

The post World Bank Slashes 2023 Forecast, Warns of Global Recession appeared first on theprimarymarket.com.

Thailand suffered the largest decline of 10.4% to $201.4 billion for the six-month period ending June. Following closely behind was the Philippines, where reserves declined by 7.3% to $100.9. Both India and China tied for third place, with both nations’ reserves sliding by 7.3% to $100.9 billion.

This dramatic fall largely shows a failure of policymakers to effectively defend against the constant downward pressure being applied by the strengthening US dollar.

Alex Holmes, the senior economist at Oxford Economics, noted that while many Asian countries favor a weaker currency due to their large export operations, such a rapid decline will be a cause for concern.

“The big added factor is that most countries are now battling decade-high inflation, and that’s a problem that’s compounded by having a weaker currency,” Holmes elaborated.

While Asian nations have vastly strengthened economically since the 1997 Asian financial crisis and the taper tantrum of mid-2013, nations such as India, Thailand, and the Philippines remain vulnerable due to running account deficits.

The post Asia Posts Biggest FX Reserves Drop Since 2015-16 appeared first on theprimarymarket.com.