French Prime Minister Elizabeth Bourne is leaving open the possibility of a new tax on corporate “surplus profits” after lawmakers rejected the move last month. In an interview published in Le Parisien newspaper, Bourne said she would prefer alternatives to an emergency tax, such as companies cutting prices for consumers and giving bonuses to workers […]
Tag: profits
Saudi Aramco: 90% jump in second quarter profits
Saudi Aramco reported a 90% jump in second-quarter profit on Sunday, beating analysts’ expectations, boosted by higher oil prices, volumes sold and refining margins. The company expects “oil demand to continue to grow for the rest of the decade, despite downward economic pressures in the near-term global forecast,” Aramco Chief Executive Amin Nasser said in […]
Britain: YPOIK defends position in favor of taxation of profits of energy companies
UK Treasury Secretary Richie Sunak has defended the proposal for an emergency tax on the oil and gas companies’ unexpected profits, despite protests from industry executives at their first meeting since the announcement, according to Bloomberg. Sunak, who said last month he would impose a 25% tax, said the tax would be temporary and a […]
How much lower will the shares fall in 2022?
By Jonathan Levin Corporate profits are supposed to save the US stock market, but it may well prove to be the vehicle of its downfall. In the latest example of troubled corporate performance, networking giant Cisco Systems told investors last Wednesday that supply disruptions rule out any sales growth for the current quarter, adding another […]
Applied Materials: Estimated for reduced profits as the problems in the production of microcircuits will continue
Applied Materials Inc., a US company that supplies equipment, services and software for the production of microcircuits (chips), expects that its revenues and profits will be lower than expected for the third quarter. The company has hinted that supply chain problems exacerbated by the lockdown in China will make it more difficult to meet the […]
Citi: Russian invasion of Ukraine hits corporate profitability – The attractive image of Greek shares
Her Eleftherias Kourtali The world economy is slowing down. Concerns about stagnant inflation are growing. The Russia-Ukraine conflict has created a negative supply shock, recession and inflation. Citi economists continue to lower their GDP forecasts and raise their inflation forecasts. They expect the Eurozone GDP to grow by 2.3% in 2022, from 3.3% a month […]
Record $ 31 billion in profits for Russian banks in 2021
Russian banks recorded record profits of 2.4 trillion. rubles ($ 31 billion) last year as the economic recovery boosted lending and boosted interest in the real estate market, Russia’s central bank said on Friday. According to Reuters, high oil prices helped the Russian economy grow by 4.5% last year, according to officials, after shrinking by […]