Oil To End Year At US$57
All things being equal, fuel prices will not travel beyond 15 percent increase in 2017, some industry analysts anticipate. This is largely due to a forecast that the price of oil will end the year at...
Tag: economy
Samsung Heir Lee Jae-Yong Facing South Korea Arrest
A court in South Korea has approved the arrest of Samsung's heir apparent Lee Jae-yong, accused of bribery and other charges. The case is linked to a scandal that led to the impeachment of the...
Samsung Heir Arrested In Corruption Probe
The heir of South Korean giant Samsung was arrested Friday as part of a probe into corruption and influence-peddling that caused President Park Geun-Hye to be impeached. "It is acknowledged that it...
Nigeria, Egypt and South Africa Listed Among World’s Most Powerful Economies By 2050
Price water house Coopers published rankings of 32 future power economies by 2050. Nigeria, Egypt and South Africa were forecasted to be in 14th, 15th ,27th most powerful economies in the world...
Trump Tweet Celebrates Wall Street Rally
President Donald Trump on Thursday hailed Wall Street's continuing rally, tweeting out a celebratory message as the White House continues to be roiled by internal divisions and scandal. "Stock...
Blackberry Sues Nokia In Patent Clash
Blackberry wants Nokia to pay to use some of its data transmission patents Blackberry is suing Nokia over claims that the Finnish company has made use of nearly a dozen of its inventions without...
Kutcher Passionately Testifies On His Anti-Sex Trafficking Efforts
No one got "Punk'd" Wednesday morning when Ashton Kutcher came to Capitol Hill. The actor testified Wednesday before the Senate Foreign Relations Committee in a hearing on progress in combating...
Take Hands Off Heritage Fund – Minority
The Minority in Parliament has said it will resist the use of the Ghana Heritage Fund to bankroll the Akufo-Addo government’s Free Senior High School programme scheduled to start in September this...
US Jobless Claims Edge Upward In Mid-February
New US claims for jobless benefits edged up in the second week of February but continued their record streak of low levels, the Labor Department reported Thursday. Amid robust job creation in recent...
Snapchat Owner Prices IPO, Seeks More Than $2 Bn
Snapchat's corporate parent seeks to raise more than $2 billion for the fast-growing social media group in the tech sector's largest public offering in nearly three years, documents filed Thursday...
US Household Debt In 2016 Posts Biggest Jump In A Decade
US household debt surged $460 billion last year, the biggest increase in 10 years, and has nearly returned to the peak level before the global financial crisis, the New York Federal Reserve said...
Bawumia Petitioned Over GHC4.6bn BoG Contract
An Accra-based radio station, Citi 97.3 FM, has appealed to Vice President Dr. Mahamudu Bawumia to launch an investigation into a contract awarded by the Bank of Ghana (BoG) to SIBTON Switch Systems...
MoneyGram and Capital Bank Announce Partnership In Ghana
MoneyGram and Capital Bank, announced today the launch of MoneyGram’s services across Capital’s Bank network in Ghana. Customers in Ghana can now send and receive money from friends and family...
Rot Uncovered At Amaniampong SHS; GHC 47,300 Missing From School’s Account
It has emerged that an amount of GHC 47,300 from the bank account of Amaniampong Senior High School (AMASS) cannot be accounted for. According to the findings of a body set to audit the school’s...
Private Sector Pushes For Optimal Inflation Target
Private sector businesses have strongly advocated an optimal inflation target to guide economic policies that support private sector growth. They argue that the current drop in inflation while other...
Don’t Blow Ghana @60 Cash On NPP
Tamale North MP Alhassan Suhuyini has cautioned the governing New Patriotic Party (NPP) against reckless spending of funds earmarked for the Ghana@60 celebrations. According to Mr Suhuyini, he is not...
South Africa’s Rand Currency ‘rigged By Banks’
Local and international banks have been accused of rigging the price of South Africa's currency, the rand, by the country's competition watchdog. Global giants Barclays, JP Morgan and HSBC are among...
Banks ‘fixed Prices For SA Rand’
Local and international banks have been accused of rigging the price of South Africa’s currency, the rand, by the country’s competition watchdog. Global giants Barclays, JP Morgan and HSBC are...
Trudeau Says Canada, EU Must Lead World Economy
Canadian Prime Minister Justin Trudeau said on Thursday that the whole world benefited from a strong European Union and that the bloc and his country needed to lead the international economy in...
Deutsche Boerse CEO Says Insider Trading Allegations Will Prove Unfounded
Deutsche Boerse (DB1Gn. DE) Chief Executive Carsten Kengeter said insider trading allegations against him would prove unfounded, given he had no role in determining the timing of his share purchases...