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France: ‘Window’ for extraordinary tax on ‘excess profits’ in energy companies

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...

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...

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,...

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...

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...

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...