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...BCG’s total revenues climbed just 5 per cent in 2023 to $12.3bn, the firm’s weakest growth in at least seven years....
...In October 2019, Merck also completed a €5.8bn acquisition of US-based Versum Materials, which makes critical components used in semiconductors. Merck declined to comment....
...The most active Chinese investment bank in offshore dealmaking, CICC reported revenues of Rmb18.6bn ($2.6bn) in the first half of 2023, a 5 per cent increase on a year earlier....
...Analysts remain bullish, with consensus forecasts predicting earnings per share (EPS) will hit 3.91p by the end of this year and 5.68p by the end of 2025....
...Ireland will raise its corporation tax to 15 per cent from 12.5 per cent, under one pillar of the deal....
...But the roughly 300 experts from banks, insurance companies and corporations surveyed by the institute judged the current economic situation to be poor, with an index reading of minus 80.5...
...BAE Systems has agreed to acquire the aerospace division of Ball Corporation in a $5.55bn cash deal, the UK-based defence company said on Thursday....
...Once fully bedded in, the new 15 per cent minimum tax is expected to force multinationals to pay between 6.5 per cent and 8.1 per cent more tax, according to the OECD....
...Norwegian Cruise Lines jumped almost 20 per cent after it shared an optimistic full year outlook and reported its first full-year profit since 2019 Hess weakened by 3.5 per cent after Chevron warned its...
...The Fed’s own “dot plot” forecasts show rate-setters, as of March, expected to make three cuts this year from the benchmark rate’s current 23-year high of 5.25 per cent to 5.5 per cent....
...It is 49.5 per cent owned by Reinet Investments, a vehicle backed by South African billionaire Johann Rupert, and includes CVC Capital Partners among its shareholders....
...He bought equal stakes of 5 per cent in the big five trading companies, which also include Mitsui & Co, Sumitomo and Marubeni. He has bulked up these positions in the last year....
...Shares of aluminium producer Alcoa fell 5.4 per cent after it made a $2.2bn offer to acquire Australian mining corporation Alumina Limited....
...The latest official inflation data, out last week, showed a 3.5 per cent increase in consumer prices for the year to March, higher than economists had expected....
...However, public sector receipts were up by £66bn, boosted by a 7.5 per cent rise in tax receipts, which helped the overall deficit to fall....
...Several countries long seen as havens by multinationals will take part, including Ireland, Luxembourg, the Netherlands, Switzerland and Barbados, which previously had a corporate tax rate of 5.5 per cent...
...Sraer suggests that the scheme has another benefit: it turns employees into corporation tax enforcement officers....
...Between 1994 and 2022, these rates in the GEMs portfolio averaged about 3.5 per cent....
...But the outlook for big banks has improved with the market now only expecting the Fed to make between two and three rate cuts over the course of 2024 from their current 23-year high of 5.25 per cent to 5.5...
...Its shares have fallen about 5 per cent this year at a time when most of its Big Tech rivals have reported double-digit percentage stock gains....
...Intersport Deutschland last year reported a 5.7 per cent increase in sales to €3.5bn. Its online sales grew 21 per cent last year, albeit “from a low level”, he said....
...Ireland is set to invest more than half of its coming corporation tax windfall in two new sovereign wealth funds, providing revenue for infrastructure projects and future economic challenges....
...He already said during the SOTU that corporations needed to pay more taxes so expect to hear him aim his sights at corporations more as he hits the campaign trail....
...Read more on the country’s plans for this sector. 5....
...Tax as a share of GDP is predicted to hit 37.1 per cent in 2028-29, which would be 4 points higher than before the pandemic, driven by personal tax measures and an increase in corporation tax....
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