Wal-Mart Points to Taxes in Cutting Profit Forecast

Aug. 15 (Bloomberg) -- Wendy Liebmann, CEO at WSL Strategic Retail, reviews second-quarter results from Wal-Mart , as the retailer cut its full-year profit forecast, pointing to the hike in payroll taxes. She speaks on Bloomberg Television's "Bloomberg Surveillance."

How Long Will Chinese Growth Rates Decline For?
51:21 - China’s foreign-exchange reserves shrank to the smallest since 2012, indicating that the central bank sold dollars as the yuan’s retreat to a five-year low exacerbated depreciation pressure. UBS Head of Global Asset Allocation Mads Pedersen discusses with Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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