Trump flip-flops on tax cuts, saying US has 'strong economy'

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Trump flip-flops on tax cuts, saying US has 'strong economy'

WASHINGTON (AP) — A day after considering cutting taxes to promote economic growth, President Donald Trump changed course and said he would abandon the idea because the nation already had “a strong economy.” …
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Nifty hits new August low, Sensex falls 600 pts; 5 factors weighing on markets

Markets are in a bear grip and the situation is unlikely to change in the near future. The benchmark indices fell more than 1.5 percent each on August 22, while the fall was bigger in broader markets. The BSE Sensex plunged more than 600 points intraday, …
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Old Mutual's attempt to terminate Peter Moyo's contract for second time is “corporate madness” – lawyer

By Fifi Peters. In a surprising turn of events, Old Mutual has further terminated the employment of Peter Moyo as CEO, saying it was in the best interests of the company and its shareholders for the relationship to come to an end. This was revealed in an open …
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What to watch today: Fed in Jackson Hole, US-China trade war, and another 2020 Dem drops out

U.S. stock futures were pointing to a narrowly mixed open on Wall Street following Wednesday’s strong gains, the fourth in five sessions for the Dow and S&P 500 and the third in four days for the Nasdaq. Late Wednesday, the yield on the 10-year Treasury fell …
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CPAJ News Briefs

This year's World Standard-setters Conference—the meeting of accounting rulemakers from various nations that use IFRS—will hold focused panels
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