Ghana must legislate new measures to boost revenues by at least 0.5 percent of gross domestic product before the IMF reviews a $918 million credit deal next month, the Fund said. The West African...
Wall Street and major European stocks ended in mixed territory on Monday amid a busy weak of US corporate earnings. Meanwhile, the dollar continued to weaken on receding expectations that the US...
The global economic recovery is on firmer footing as improving growth in China, Europe and Japan offset downward revisions for the United States and Britain, the International Monetary Fund said...
European stock markets ended the week down as the euro extended its gains on Friday after the European Central Bank said it would reassess its monetary policy stance in the autumn, fueling talk that...
The euro rose Thursday after European Central Bank chief Mario Draghi's comments bolstered the single currency even as interest rates were kept low again. Draghi avoided details on when the ECB might...
Global stock markets were pressured Tuesday by worries about President Donald Trump's agenda after a proposed health care reform measure collapsed in Congress, raising concerns about prospects for...
Asian markets surged on Thursday, extending a global rally that saw another record on Wall Street after the head of the Federal Reserve indicated it would take a gradual approach to raising US...
US and European stocks tumbled Thursday amid unease over hawkish commentary from central banks, while the euro rose to its highest level in more than a year against the dollar. The single currency...
The euro extended its run higher against the dollar Wednesday, hitting a one-year high, while tech and bank stocks helped Wall Street reverse a sell-off in the prior session. The euro rose close to...
French election results favoring President Emmanuel Macron's party boosted the euro but hit European equities Monday, while US stocks retreated due to another round of technology weakness. The euro...
The pound plunged Friday as the surprise election setback to Prime Minister Theresa May injected uncertainty into Britain's negotiations with the European Union over Brexit. But London equity markets...
South Africa's economy contracted in the first quarter of this year, pushing the continent's largest economy into its first recession since 2009, the official statistics agency reported Tuesday. "The...
Ramadan is a time for daytime fasting and lavish evening feasts, but Egyptians are scaling back preparations for the Muslim holy month this year after austerity measures fuelled decades-high...
France's new President, Emmanuel Macron, has called for a "historic reconstruction" of Europe, saying it is "the only reaction" to fight populism. Speaking in Berlin on the first full day of his...
Ratings agency Fitch has lauded government’s efforts in getting the economy back on track after a recent ‘crisis’ that forced the economy to seek solace in a US$918 million bailout from the...
International ratings agency Fitch has revised the outlook on Ghana’s long-term foreign and local currency Issuer Default Ratings (IDR) from negative to stable. Fitch has also affirmed the issue...
Higher consumer spending has helped to boost growth in the economy Germany's economy grew strongly in the first three months of this year, driven by investment and consumption, official figures show....
Most Asian markets turned lower Friday following a healthy run-up in the week, tracking a sell-off on Wall Street where a plunge in retail giant Macy's fanned concerns about the key US retail sector....
Bank of England governor Mark Carney has warned of a consumer spending squeeze this year as inflation rises and real wages fall. This year will be "a more challenging time for British households" and...
The euro hit a six-month dollar high before falling back as markets reacted to Emmanuel Macron's victory in France's presidential election. The euro jumped to $1.1024 at one point before slipping...
