Russia’s finance ministry switches to FX sales as energy revenues drop
By Darya Korsunskaya and Alexander Marrow (Reuters) – Russia’s finance ministry said on Thursday it would switch to foreign currency sales from purchases in the coming weeks after December oil and gas…
Armani revenues up 20% in H1 after 2021 recovery
MILAN – Italian luxury goods group Armani posted a 20% increase in sales at constant currencies in the first half, after swinging to an operating profit in 2021 as revenues returned above…
Egypt expects Suez Canal revenues to hit $7 billion by end of fiscal year – minister
CAIRO – Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait said on Saturday. Tourism revenues are expected…
U.S. March budget deficit falls sharply as revenues surge, COVID outlays drop
(Reuters) – The U.S. government posted a $193 billion budget deficit in March, less than a third of the $660 billion gap a year earlier, the Treasury Department said on Tuesday, as…
U.S. banks set for better-than-expected trading revenues
By Matt Scuffham NEW YORK – Trading may be a surprise bright spot for Wall Street banks in the first quarter, after clients rejigged portfolios in response to Russia’s invasion of Ukraine…
Greek December current account deficit widens, tourism revenues up
ATHENS -Greece’s current account balance showed a wider deficit in December last year compared to the same month in 2020 while tourism revenues rose, the Bank of Greece said on Monday. Central…
States See Revenues Surge From Income Tax and Federal Aid
Numerous states have seen their state revenue surge in 2021 fueled by a robust stock market, growing income, federal aid, and increased tax revenue, The Wall Street Journal reported. States’ revenue soared…
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