GCFM Re-Launches Takoradi Branch Office
Gold Coast Fund Management (GCFM), a member of Groupe Nduom (GN) conglomerate, at the weekend re-launched its Takoradi branch office in the Western Region. Re-launching the office on the theme:...
Tag: Business_Finance
Sri Lanka Deploys Troops Amid Oil Workers Strike
Sri Lanka deployed troops and police to distribute fuel Wednesday as striking petroleum workers protested over plans to sell off stakes in state-owned oil depots to India and China. The indefinite...
Panama Opens Embassy In China After Cutting Taiwan Ties
Panama announced Tuesday it has opened an embassy in China after cutting diplomatic ties with Taiwan in June. "The opening of the Republic of Panama's embassy in the People's Republic of China was...
We Are Ready For Paperless Transactions – GCNet Executive Chairman
Government’s directive to port operators to achieve total paperless processing of operational clearance procedures at the ports from September 1 is close to being realised as the main technical...
US Consumer Sentiment Recovers In July
US consumer sentiment recovered to near record levels in July after falling for two months in a row, according to a monthly survey released Tuesday. Consumers reported rosier outlooks for the present...
GYEEDA Trial: I Wasn’t Paid Ahead of Work Done
One of the accused persons in the ongoing Ghana Youth Employment and Entrepreneurial Development Agency, (GYEEDA) trial, Philip Assibit, has told the court he never received any payment before the...
US Fed To Meet Amid Weak Inflation
The US Federal Reserve was due to open a two-day monetary policy meeting on Tuesday but is widely expected to leave the key interest rate untouched after raising it twice so far this year. Markets...
Caterpillar Boosts Outlook, Sending Shares Higher
Global machinery giant Caterpillar reported a jump in second-quarter profits Tuesday and lifted its full-year forecast, amid strong construction in China and improving commodity markets. Net income...
McDonald Reports Jump In Q2 Profits; US Sales Strong
McDonald's reported higher second-quarter profits Tuesday behind strong comparable sales in key markets, including the United States. Net income for the quarter ending June 30 was $1.4 billion, up 28...
‘We’ve Invested US$2.5b In Infrastructure’
Chief Executive Office (CEO) at Vodafone Ghana, Yolanda Cuba, has hinted that her outfit has invested over 2.5 billion US dollars in infrastructure in the last 9 years. This, she indicated, is aimed...
GM Reports 42% Drop In 2Q Profits To $1.7 Bn On Reorganizing Costs
General Motors reported a big drop in second-quarter earnings Tuesday on one-time restructuring costs in international markets, as car sales dipped in the cooling North American market. Net income...
Sri Lanka Finalises $1.12 Bn Port Deal With China
Sri Lanka's government Tuesday approved the sale to China of a majority stake in a loss-making but strategically-sited deep sea port for more than a billion dollars, the ports minister said. The...
Policy Rate Down To 21%
Monetary Policy Committee of the Bank of Ghana (BoG) has reduced the policy rate of June from 22.5 per cent to 21 per cent for July. Governor of the Bank of Ghana, Dr. Ernest Addison, disclosed at...
Shell Shuts Down Key Supply Pipeline In Nigeria
Anglo-Dutch energy giant Shell said Tuesday it has shut down a key crude supply pipeline in Nigeria's restive south because of a leak. Shell subsidiary the Shell Petroleum Development Corporation of...
Govt Shoots Down ‘friendship’ Ties With IMF After 2018
Government has insisted it will not subscribe unto the Policy Sector Initiative (PSI) with the International Monetary Fund (IMF) after the deal expires in December 2018. The NPP argues that the...
NPP To Miss Budget Deficit Target If … – Terkper
Former Finance minister, Seth Terkper has predicted that the NPP government will miss its budget deficit target for this year. He argues that the government’s efforts to ensure tax compliance and...
Indian Stocks Hit Record, Break 10,000 Barrier
India's stock markets hit record highs on Tuesday with the National Stock Exchange's much-watched Nifty index breaking the psychological 10,000 point mark for the first time as traders take heart...
UK Serious Fraud Office Probes Rio Tinto Guinea Project
Britain's Serious Fraud Office has opened an investigation into mining giant Rio Tinto for "suspected corruption" surrounding the development of the world's biggest untapped iron-ore deposit in...
South Korea Tips Fastest Growth In Three Years In 2017
South Korea said Tuesday its economy is set to grow at its fastest rate in three years in 2017, on the back of strong exports and a $10 billion stimulus package aimed at creating jobs and bolstering...
Boeing Signs $1 Bn Contract With Dassault Systemes
US aerospace giant Boeing has signed a billion-dollarcontract with French industrial software company Dassault Systemes to modernise its production system, French media said Tuesday. "Boeing has...