Latest news with #dividendpayments
Bloomberg
6 days ago
- Business
- Bloomberg
Wall Street Banks Drawn Into Widening French Dividend Tax Audits
Wall Street banks have been drawn into an expanding series of French tax audits that has so far mainly focused on local banks' involvement in trades allegedly designed to escape dues on dividend payments, according to people familiar with the matter. As part of their wider-ranging audits French tax officials are now questioning some overseas lenders with significant trading floors in Paris in a bid to learn more about the so-called Cum-Cum transactions, the people said. Those include Goldman Sachs Group Inc. and Bank of America Corp., they added, asking not to be identified because the proceedings are confidential.
Bloomberg
20-07-2025
- Politics
- Bloomberg
Brazil Weighs Measures on US Dividends, Tech Firms, Reports Say
By Brazil's government is studying potential responses to further sanctions by US President Donald Trump, including a limit on dividend payments by US companies with operations in Brazil, according to O Estado de S. Paulo newspaper. President Luiz Inacio Lula da Silva's government is intensifying its deliberations on possible measures after the US government announced it was revoking visas for some Brazilian Supreme Court justices. The move came after Justice Alexandre de Moraes sent police to raid the home of ex-President Jair Bolsonaro ahead of his trial on charges he attempted a coup to remain in power.
Bloomberg
19-07-2025
- Politics
- Bloomberg
Brazil May Target US Dividends, Tech Firms Amid Trump Standoff
Brazil's government is studying potential responses to further sanctions by US President Donald Trump, including a limit on dividend payments by US companies with operations in Brazil, according to O Estado de S. Paulo newspaper. President Luiz Inacio Lula da Silva's government is intensifying its deliberations on possible measures after the US government announced it was revoking visas for some Brazilian Supreme Court justices. The move came after Justice Alexandre de Moraes sent police to raid the home of ex-President Jair Bolsonaro ahead of his trial on charges he attempted a coup to remain in power.
Bloomberg
16-06-2025
- Business
- Bloomberg
Nigeria Bank Stocks Fall After Central Bank Halts Some Dividends
Nigerian bank stocks slipped as investors digested a central bank directive for certain unspecified lenders to bolster cash buffers by halting dividend payments. The index for the country's 10 biggest and most liquid bank stocks was down 4% at 2:53 p.m. in Lagos on Monday, paring earlier losses of more than 7% and taking the gauge to its lowest level since June 2. The broader Nigerian stock index was down 0.2% on the session.
Bloomberg
05-06-2025
- Business
- Bloomberg
Trafigura Warns of Trading Headwinds as Payouts Outstrip Profits
Trafigura Group warned that market volatility may not translate to opportunities for its traders, as the commodity giant reported first-half results that showed its dividend payments exceeded net profit. US President Donald Trump's trade war in the last couple of months has ignited sharp price swings and market dislocations — typically conditions that commodity traders thrive on. Trafigura said it expects volatility to continue over the remainder of 2025, but cautioned that it may not flow through to earnings.
