The move was predicted by only three of 22 economists in a Bloomberg survey with rest expecting a hike. The central bank unexpectedly moved interest rates up 25 basis points in January, the first increase in more than four years. “Recent adjustments stemming from greater exchange rate flexibility,
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It has become common practice for U.S companies to thumb their nose at accounting standards in their earnings reports. While GAAP—generally accepted accounting principles—earnings are required to be presented in quarterly reports, many firms now highlight non-GAAP figures such as EBITDA
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China said it cut taxes for semiconductor makers, lending new support for the pivotal industry just as U.S. President Donald Trump weighs tariffs on the sector amid rising trade tensions. The new rules cover a broad swath of semiconductor companies. They will be exempt from corporate income taxes for
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… exceeds any possible interpretation of Texas tort reform statutes,'' Andrew Gray, spokesman for the bank, said in an e-mailed statement after the verdict. The original $8 billion award was the largest jury verdict of 2017, according to data compiled by Bloomberg. It's also the ninth-largest in U.S. history.
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In November 2017, the FASB tweaked guidance to simplify the lease accounting implementation process. It introduced the option to not restate comparative reporting periods in transition. In addition, it gave lessors the option of combining lease and non-lease components under certain conditions.
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