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Borrowing binge, corporate cheese-paring and profits
REUTERS: Americans are borrowing more, renting more rather than owning, eating in restaurants more and saving less, leading inevitably to questions of sustainability. That's true both for Americans and for the corporations whose profits they create.
Samsung profits fall for second straight quarter
SEOUL: Samsung Electronics on Tuesday posted estimated first quarter operating profits of 8.4 trillion won (US$7.96bil), marking a second straight year-on-year decline as growth in smartphone sales slow.
Report: Apple kept billions of dollars in profits in Irish subsidiaries to avoid taxes
WASHINGTON: Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a US Senate report on the company's offshore tax structure said.
China industrial profits rise
BEIJING: China’s industrial firms made total profits of 2.08 trillion yuan (US$338.4bil) in the first five months of 2013, up 12.3% from the same period a year ago, the National Bureau of Statistics said.
China Nov industrial profits rise 9.7% on-year
Profits earned by Chinese industrial firms rose 9.7% in November to 707.5 billion yuan (US$116.5bil) from a year earlier, slower than the annual growth of 15.1% in October, the National Bureau of Statistics said on Friday.
China Dec industrial profits rise 6% on-year
BEIJING: Profits earned by Chinese industrial firms rose 6 percent in December to 942.5 billion yuan (US$155.84bil) from a year earlier, slower than the annual growth of 9.7% in November, the National Bureau of Statistics said on Tuesday.
HSBC profits to gain from cuts to bad debts, costs
LONDON: HSBC Holdings is expected to report a jump in quarterly profits on Monday as lower losses from bad debts and a cost-cutting plan outweigh mis-selling charges and the impact of tough economic conditions across the world.
China steel firms shield profits from volatile market
MANILA: China’s steel mills and traders are embracing more sophisticated ways to sell metal and buy raw materials to protect their bumper profits amid rising price volatility.
China Jan-April industrial profits up 11.4% on year
BEIJING: China's industrial firms made total profits of 1.61 trillion yuan (US$262.6 billion)in the first four months of 2013, up 11.4 percent from the same period a year ago, the National Bureau of Statistics said on Monday.
Mazda, Mitsubishi see record annual profits, warn on Thailand
TOKYO: Japan's second-tier carmakers Mazda Motor Corp and Mitsubishi Motors Corp are expecting record level profits buoyed by a weaker yen after years of being on the brink, but both warned about a slowdown in Thailand.
