profit

UK pushes for financial services to be exempt from G7 global tax plan

British finance minister Rishi Sunak is pushing for financial services firms to be exempt from a new global tax system…

4 years ago

Bitcoin falls to 3-week low as IRS seeks approval for reporting rules

Bitcoin fell to a three-week low on Tuesday amid signs of institutional investor caution, while the head of the U.S.…

4 years ago

G7 countries devise way to catch Amazon in tax net -sources

G7 states have found a way to include Amazon, one of the world's biggest companies, on a list of 100…

4 years ago

Singapore says will make needed changes to corporate tax once consensus on G7 plan

Singapore, a regional hub for technology firms, will change its tax system as needed once there is a global consensus,…

4 years ago

AMC shares soar nearly 23% after fund buys and flips $230 mln stake

A hedge fund that helped AMC Entertainment Holdings (AMC.N) raise $230 million quickly sold its stake in the world’s largest…

4 years ago

M&S’s annual profit slumps 88% as COVID crushes clothing sales

British retailer Marks & Spencer (MKS.L) on Wednesday reported an 88% slump in full-year profit, reflecting a collapse in clothing…

5 years ago

Cisco forecasts profit below estimates, cites supply chain issues

Cisco Systems Inc (CSCO.O) on Wednesday cautioned that supply chain issues will linger through the end of 2021 and forecast…

5 years ago

Tencent Q1 profit rises 65% as online gaming revenue climbs

Chinese gaming and social media giant Tencent Holdings Ltd (0700.HK) reported a forecast-beating 65% rise in quarterly profit on Thursday,…

5 years ago

Walmart beats estimates for sales on stimulus spending boost, raises profit forecast

Walmart Inc (WMT.N) raised its full-year earnings forecast on Tuesday and beat estimates for same-store sales as it benefited from…

5 years ago

Sustainable finance scramble reaches currency derivatives market

A rush by companies to boost their sustainability claims has reached foreign exchange markets in the form of currency hedging…

5 years ago