Accounting is an Evolved Economic Institution

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Accounting is an Evolved Economic Institution


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World's richest woman, L'Oreal heiress Liliane Bettencourt, dead at 94

Last Updated Sep 21, 2017 3:56 PM EDT. The richest woman in the world, L'Oreal cosmetics heiress Liliane Bettencourt, died at her home in France at the age of 94, her family announced Thursday.
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China Finance Ministry Says S&P's Downgrade Is 'Wrong Decision'

China rebuffed the S&P Global Ratings downgrade of its sovereign credit rating, calling it a “wrong decision” that ignores sound economic fundamentals and development potential.
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Fed Holds Rates for Now But…

Unsurprisingly, the Federal Reserve kept rates on hold following the end of its 2-day meeting on Wednesday. They did, however, indicate that one more hike is possible before year-end.
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More Japan companies opt for IFRS to lure foreign funds

Three companies using the global accounting standard have already listed this year, including Sushiro. Service-sector researcher MS & Consulting
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