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Stock Market & Financial Investment News

News Breaks
January 11, 2013
07:15 EDTBHPBHP Billiton downgraded to Neutral from Outperform at Macquarie
News For BHP From The Last 14 Days
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November 20, 2014
06:01 EDTBHPBHP Chairman Nasser says demerger 'good' for investors, Daily Telegraph reports
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November 18, 2014
13:28 EDTBHPIron ore, steel stocks lower after iron ore prices, China home prices decline
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November 12, 2014
05:59 EDTBHPBHP Billiton says Nickel West to remain in portfolio as non-core asset
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November 6, 2014
06:22 EDTBHPGlobal companies silent on local impact, transparency report shows
Transparency International issued a report saying that global companies are saying too little regarding their businesses abroad. The agency said, "The world’s biggest companies disclose little or no financial details about their operations outside their home country, a new report from Transparency International reveals. Ninety of the 124 companies assessed do not disclose the taxes they pay in foreign countries, while 54 disclose no information on their revenues in other countries. BHP Billiton (BHP), Eni (E), Statoil (STO) and Vodafone (VOD) scored more than six out of ten. The four companies report on a range of corruption prevention measures and disclose details of subsidiaries. However, only three companies, Statoil, Telefónica (TEF) and Vodafone score above 50% for country-by-country reporting, disclosing tax payments in almost all the countries where they operate, though not all financial data. Forty-four of the firms in the report are American, of which Amazon (AMZN), Berkshire Hathaway (BRK.A, BRK.B) and Google (GOOG) performed worst. Only two US companies publish tax payments in foreign countries, ConocoPhilips (COP) in Canada, Walmart (WMT) in Chile. Surprisingly, the sector that makes greater transparency possible is one of the least transparent. U.S. tech giants Amazon, Apple (AAPL), Google and IBM (IBM) all score less than three out of ten." Reference Link

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