ECB Criticises new Italian Tax on Windfall Bank Profits

Tax could make banks vulnerable to economic downturn Some banks may report losses when paying tax in mid2024 Italian lawmakers preparing proposals to soften measure FRANKFURT, Sept 13 Reuters The European Central Bank ECB on Wednesday criticised the Italian government39;s proposed tax on windfall bank profits, saying it did not consider lenders39; longterm prospects and […]
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GlobalFoundries Opens 4B Singapore Chip Fabrication Plant

SINGAPORE Sept 12 Reuters GlobalFoundries, the world39;s thirdlargest contract chipmaker, opened a 4 billion semiconductor fabrication plant in Singapore on Tuesday, as part of a major global manufacturing expansion. The U.S chipmaker39;s new 23,000 square meters 248,000 square feet facility will be able to produce 450,000 300 millimetre wafers per year at full capacity, expected […]
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Zara Owner Inditex Profit Jumps 40 as Price Rises Slow

Inditex posts H1 net profit of 2.5 bln euros But shares fall 1.5 as investors book profits Shares have risen 58 over past year Inditex sales rise 13.5 driven by summer sales Company keeps outlook unchanged MADRID, Sept 13 Reuters Zara owner Inditex on Wednesday beat expectations with a 40 jump in halfyear net profit despite […]
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