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Earnings Report

FedEx quarterly profit rises on strong package volume

Package delivery company FedEx Corp reported a higher quarterly net profit due to increased volume, but results were hit by lingering effects from a June cyber attack on its Dutch TNT Express unit.

U.S. tax cut to deliver corporate earnings gift

A planned massive Republican tax overhaul has led Wall Street strategists to revise their 2018 corporate earnings forecasts sharply higher, but the jury is out on how long the accelerating effect on profits will last.

Saudi Arabia heralds biggest spending plans yet amid deficit

Saudi Arabia has announced the biggest budget in its history, announcing expenditures of 978 billion riyals ($261 billion) this coming fiscal year as the government forecasts a boost in revenue from the introduction of a sales tax and plans to lift subsidies further.