The South African Revenue Service (SARS) has officially opened tax season 2024, with the two-week pre-season auto-assessment rollout window now closed. Taxpayers who have not received an auto-assessment—or who did not accept the assessment from SARS—will not be required to manually file an ITR12 tax return. Key filing dates Tax Season 2024 Start date End […]
Swedish bank Handelsbanken (SHBa.ST), opens new tab beat second-quarter net profit expectations on Wednesday as robust interest income and credit quality helped take some of the sting out of lingering high costs, sending its shares sharply higher. Net profit fell to 6.79 billion crowns ($641 million) from 7.10 billion a year ago, but topped the 6.22 billion […]
Morgan Stanley’s (MS.N), opens new tab second-quarter profit beat expectations on Tuesday, driven by a surge in investment banking and trading revenues that overcame muted results in wealth management. The bank joined other Wall Street lenders, including Bank of America (BAC.N), opens new tab and JPMorgan (JPM.N), opens new tab in reporting higher investment banking revenue, fueled by growing confidence in […]
A resurgence in investment banking helped Morgan Stanley’s (MS.N), opens new tab profit beat Wall Street expectations for the second quarter, but weakness in its key wealth business sent the bank’s shares nearly 3% lower before the bell on Tuesday. Revenue growth in the wealth management segment slowed to 2% in the second quarter, compared with a […]
Poland’s antitrust and consumer protection watchdog imposed a fine of 106.6 million zlotys ($27.3 million) on PayPal Europe for failing to spell out to consumers in its contractual clauses activities for which they may be fined, UOKiK said on Monday. UOKiK said that prohibited activities which could incur penalties were described in an unclear way […]
Swiss biotech company Asceneuron said on Tuesday it had raised $100 million from investors including the controlling shareholder of Wegovy maker Novo Nordisk to fund clinical development of its Alzheimer’s disease drug. The Series C round was led by Novo Holdings, the investment arm of the Novo Nordisk Foundation, which will hold a board seat […]
Goldman Sachs’ (GS.N), opens new tab profit more than doubled in the second quarter and beat analysts’ estimates on strong debt underwriting and fixed-income trading, but slipped from a bumper first quarter when earnings were the highest since 2021. The resilience of the U.S. economy has given corporate executives the confidence to pursue acquisitions, debt sales and stock offerings. […]
India’s goods and services exports likely rose 5.4% year-on-year to $65.47 billion in June, driven by a pick-up in orders that could push total exports to $800 billion in the current fiscal year ending in March 2025, the trade secretary said on Monday. Merchandise imports (INIMP=ECI), opens new tab in Asia’s third-largest economy rose 5% to $56.18 […]
The President of Dangote Group announced this during a media briefing at the Dangote Refinery. The decision to list the two subsidiaries comes as the conglomerate aims to expand its investor base and unlock additional value for shareholders. What Dangote said: “Because of the nature of the business we have, both the refinery and the […]
Four Australian banks will give back a total of A$28 million ($18.95 million) to low-income customers, after a review by the corporate regulator found these customers had been kept in high-fee bank accounts despite being eligible for cheaper products. A report released by the Australian Securities and Investments Commission (ASIC) on Monday said ANZ (ANZ.AX), opens […]