Proposals to overhaul the US tax system could eliminate the billions of dollars in tax breaks enjoyed by corporations.
Industry
US consumer spending increases slightly
Inflation was tame and consumer spending increased for August. At the time when the Federal Reserve is contemplating on whether or not it would cut back on its bond-buying program, there was an ever so slight rise in US consumer spending and a tame inflation performance.
US consumer sentiment fell in August
Survey indicates a drop in US consumer sentiment after a six month high. After a six year high, consumer sentiment in the United States fell in August despite being upbeat in their outlook in the early part of the month.
India won't convert idle gold to bullion- central bank
The Federal Reserve Bank of India said that it would not convert idle gold into bullion. India's central bank said it does not plan to convert the country's idle gold to bullion.
Moody's post positive review on Oman's Islamic banking sector
Moody's the ratings agency said that the Islamic banking sector of Oman would grow between six and eight percent in the next five years.
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propertyfinder.ae CEO and founder said that another property price bubble is in the making in Dubai.
Reuters columnist Allison Schrager dissects the cause of unemployment in the US. Is the cause of unemployment in the US structural or cyclical? This was the question that Reuters columnist Allison Schrager attempted to answer in her column.
The Consumer Confidence Index of the US in August increased. The Conference Board, an independent business membership and research group, revealed that consumer confidence in the US increased in August.
As data showed a recovery in the economy, an economist said the Federal Reserve would most likely stay on its September schedule to start easing its monetary stimulus.
Pentagon said it still wanted foreign companies to do business in the US, but takeovers must not put national security at risk.
Private equity firms perform at higher levels in terms of buyout financing compared to the previous year.
The new agreement between US and Swiss governments would allow payment of fines or deferment of prosecution from tax evasion committed by US clients.
Wal-Mart, together with other North American companies, banded together to create the Alliance for Bangladesh Worker Safety.
A second financial crisis was predicted to hit Asia in the next 12 to 18 months that originated from the US after its Federal Reserve announced stimulus reduction.
