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Tag: profit

Italy’s tax on bank profit continues to prove controversial

European bank shares dropped significantly in August after a surprise announcement from the Italian government for a new tax.Stefano Montesi - Corbis |...

UBS posts $29 billion second-quarter profit in first results since Credit Suisse takeover

General view of the UBS building in Manhattan on June 5, 2023 in New York City.Eduardo Munoz Alvarez | View Press | Corbis...

Shares of China’s BYD jump after EV maker posts 200% rise in H1 profit

A BYD ATTO 3 is displayed during the British Motor Show at Farnborough International Exhibition Centre on August 17, 2023 in Farnborough, England.John...

China’s Xpeng expects profit growth from cost cuts, Volkswagen deal

A XPeng Inc. G6 electric sport utility vehicle (SUV).Qilai Shen | Bloomberg | Getty ImagesXpeng expects cost cuts and its Volkswagen partnership to...

sharp drop in second-quarter profit

Saudi state oil giant Aramco reported 112.81 billion riyal ($30.07 billion) in net profit in the second quarter, a drop of nearly 40%...

A.P. Moller – Maersk Q2 2023 results: 72% profit plunge, beats expectations

A crane loads a shipping container branded A.P. Moller-Maersk onto a freight ship.Balint Porneczi | Bloomberg | Getty ImagesDanish shipping giant Maersk on...

Amazon CEO Jassy’s cost cuts produce biggest profit beat since 2020

Amazon founder Jeff Bezos famously shunned Wall Street's earnings obsession, claiming the customer was always more important.While his successor, Andy Jassy, also talks...

Chip firm posts 38% rise in profit

Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S....

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