U.S. Crude Oil Futures Rise to $84.67 per Barrel
Futures contracts for American WTI crude oil increased by 1.29% to settle at $84.67 per barrel.20 sourcesSee all sources
Subcategory / Daily archive
Tax news — August 1, 2026 - Page 2
Publications tagged with Tax published on August 1, 2026 (UTC). This is a fixed calendar-day archive. Page 2 of 2.
46 publications
Media24 Launches Job Restructuring Process
Media24 has initiated a consultation process to restructure editorial management within its Media division, sparking concerns about potential job losses. The company aims to build a new operating model to strengthen its long-term viability amidst industry challenges. No retrenchment details have been disclosed yet. Meanwhile, IOL is expanding and hiring over 100 journalists.2 sourcesSee all sourcesLPG Price Increase Expected Globally
LPG prices are expected to increase worldwide due to various factors. In the Philippines, a company has proposed an increase of up to P2.50 per kilogram, while in Pakistan, the Oil and Gas Regulatory Authority has increased LPG prices by Rs12.89 per kilogram. The global increase is also attributed to tensions in the Middle East, with a potential hike of up to P27.50 per 11-kg cylinder.4 sourcesSee all sourcesVučić Expects NIS Deal Finalization Soon, Plans Talks with Putin and Hungarian PM
Serbian President Aleksandar Vučić has expressed optimism that the agreement on Naftna Industrija Srbije (NIS) will be finalized in the coming days. He has also announced plans to discuss the matter with Russian President Vladimir Putin and Hungarian Prime Minister Peter Orban.4 sourcesSee all sourcesNewsom's Tax Returns: Income Dip Since Becoming Governor
Gov. Gavin Newsom and his wife Jennifer Siebel Newsom's annual income has decreased by approximately 18% since Newsom took office as governor, according to their latest personal tax returns. Despite this dip, the couple remains multimillionaires, primarily due to Newsom's hospitality business and other investments held in a blind trust.3 sourcesSee all sourcesAlpha Bank Reports €500 Million Profit in First Half
Alpha Bank has reported a profit of €500 million in the first half of the year. Net interest income amounted to €853 million, while income from fees reached €326 million. The bank also saw credit expansion of €2.2 billion. The profit forecast for 2026 has been upgraded, and there is a prospect for an interim dividend of €273 million.3 sourcesSee all sourcesAdani Energy Plans Another Share Sale
Adani Energy is planning another share sale by early next fiscal year. The company's flagship, Adani Enterprises, has already raised ₹158 crore ($1.58 billion) via a QIP earlier this month and ₹280 crore ($2.8 billion) through a rights issue. This upcoming sale marks the biggest capital raise from the group since a short seller's allegations roiled its shares in 2023.3 sourcesSee all sourcesOil Prices Rise on Shipping Flows
Oil prices climbed over 1% on Tuesday as traders assessed shipping flows, putting monthly gains within sight. The increase was driven by strong demand and tight supply, with Brent crude futures rising to $125.83 a barrel.2 sourcesSee all sourcesCameco Reports Decline in Q2 Profit
Cameco Corporation has reported a decrease in both profit and revenue for the second quarter (Q2) of 2023 compared to the same period last year. The company's earnings and sales figures have dropped from their 2022 levels.2 sourcesSee all sourcesCzech Economy Growth Driven by Domestic Demand
The Czech economy continued to grow in the second quarter of 2021, with GDP increasing year-on-year due to robust domestic demand, particularly household spending. Real wages and stable prices supported this growth. The economy expanded at a moderate pace, with growth driven by household consumption and foreign demand. Industry, retail, transport, and IT sectors contributed significantly to this growth. Despite crises and potential risks like the Middle East conflict and oil shock, the economy is expected to grow around two percent for the whole year.3 sourcesSee all sourcesBP to Cut 700 Non-Frontline Jobs in Production, Operations
BP, the oil major, has announced plans to cut 700 jobs in its production and operations divisions. The reduction, which represents an 8% decrease in non-frontline roles, is part of a restructuring effort aimed at simplifying the company's operations. The layoffs are expected to occur worldwide.8 sourcesSee all sourcesBBVA's Profit Surges 11% to €6.051 Million in H1 2026
BBVA has reported a net profit of €6.051 million for the first half of 2026, an 11.1% increase year-on-year. The bank's profitability was boosted by strong credit activity, with corporate credits up 13% and personal loans up 7%. BBVA also announced a share buyback program worth €2.000 million, starting August 5. Total income grew 17.3% to €21.159 million, driven by a 20.3% increase in net interest income. The bank's loan portfolio grew by more than 60% since the end of 2020, positioning it as the bank with the highest growth in Europe.16 sourcesSee all sourcesUkraine's Plan to Limit 'Freedoms' of Small Businesses Under IMF Pressure
In Ukraine, the government is preparing significant tax changes under the guise of Euro-integration and 'de-offshorization', with the International Monetary Fund (IMF) demanding reforms. Small businesses, particularly those operating under the simplified tax system (FOP), are facing radical changes, including potential elimination of FOP entities. Entrepreneurs warn that these innovations could virtually destroy the simplified tax system. The government's approach is seen as an attempt to increase revenue by targeting small businesses, which lack political influence.2 sourcesSee all sourcesUS Borrowing Costs Hit 19-Year High
US borrowing costs have reached a 19-year high, with the Federal Reserve holding interest rates despite investor concerns about potential inflation due to geopolitical tensions, particularly regarding Iran.6 sourcesSee all sourcesRobinhood Beats Q2 Earnings and Revenue Estimates
Robinhood, Inc. ($HOOD) reported earnings for Q2 2026, beating expectations with EPS of $0.62 (vs. $0.41 expected) and revenue of $1.31B (vs. $1.21B expected). The strong results were driven by record trading activity, net deposits, and growth in prediction markets and tokenized assets.5 sourcesSee all sourcesValero's Strong Q2 Earnings
Valero Energy Corporation (VLO) reported Q2 earnings, surpassing revenue and adjusted EPS estimates. Highlights include a 246% YoY increase in refining operating income to $4.5B, and a significant turnaround in renewable diesel segment with $717M in operating income compared to a $79M loss last year. The company also increased its dividend to $1.20/share. Valero's refineries, renewable diesel plants, and ethanol plants operated safely and reliably, meeting resilient demand for transportation fuels.2 sourcesSee all sourcesArm Holdings Reports Record Q1 Revenue, Beats Estimates
Arm Holdings reported record first quarter revenue of $1.29 billion, up 22% year-over-year, beating estimates of $1.26 billion. Adjusted EPS was $0.45, topping estimates of $0.40. Royalty revenue increased 22% to $715 million, driven by higher royalty rates per chip and increased deployment of Arm-based chips in data centers. The company forecasts Q2 revenue of $1.38 billion ± $50 million, with adjusted EPS expected to be between $0.43 and $0.51.10 sourcesSee all sourcesFed Holds Interest Rates Steady, Mortgage Rates May Rise
The Federal Reserve has kept interest rates unchanged for the fifth time this year. Despite this, mortgage rates are expected to continue climbing in the coming weeks.2 sourcesSee all sourcesMahindra & Mahindra's Q1 FY27 Profit Up 34%
Mahindra & Mahindra Ltd (M&M) reported a 34% year-on-year (YoY) growth in consolidated net profit to ₹5,455 crore in the first quarter (Q1) ended June 30, 2026. The auto major's consolidated revenue increased by 28% to ₹58,188 cr. The strong operating performance was seen across all segments.4 sourcesSee all sourcesChinese AI Models Spark Global Market Turmoil
Chinese AI advancements are causing global stock market volatility, with investors expressing concerns about the West's economic future. According to Chris Wood of Jefferies, this could lead to 'massive capital destruction' in the US. The fate of Chinese equities is now tied to US and South Korean AI trades.6 sourcesSee all sourcesMotiva's Q2 Net Profit Surges 57.5% on New Concessions
Motiva ended the second quarter of 2026 with a 57.5% increase in net profit, driven by new road concessions. The company saw an increase from R$ 897 million to R$ 1.413 billion in the period. Adjusted EBITDA increased 30.1% to R$ 2.37 billion, while adjusted net revenue grew 20.8% to R$ 3.63 billion. The company's CEO, Miguel Setas, attributed the results to the company's strategy of portfolio optimization and selective growth.3 sourcesSee all sourcesPTSB Reports 34% Profit Surge and 9% Jump in Net Interest Income
PTSB (Permanent TSB) has reported a 34% surge in profit and a 9% increase in net interest income ahead of a crucial vote on its sale. The bank's results come as some minority shareholders have criticized the deal, arguing that PTSB is selling itself too cheaply.2 sourcesSee all sources