Asia Markets Join Global Stock Plunge
Asian markets plunged on Tuesday as investors dumped stocks following heavy falls in the US in anticipation of higher interest rates. Japan’s Nikkei 225 index suffered its biggest one-day point...
Tag: Stock market crashes
We’re Not In Financial Crisis – GTUC
The Ghana Technology University College (GTUC) has debunked claims that it is in a financial crisis. It said it has for the past 11 months successfully managed its operations and finances to avoid a...
Stock Markets Buoyed Before Fed Update
World stock markets climbed Wednesday, with all eyes on the Federal Reserve's US interest rate decision as corporate America pushed Wall Street to new record highs. New York trading was off to a...
Global Markets Split Amid Corporate Earnings
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...
Debt Stock To Reduce Slightly By End of Year
Vice President, Dr. Mahamudu Bawumia has stated that Ghana’s debt stock is declining contrary to assertions that it is going up due to the issuing of more bonds. The government, since it took over,...
China’s Economy Posts Steady Growth But Risks Remain
China posted better-than-expected growth in the second quarter, official data showed on Monday, but authorities warned that the world's second largest economy faces external and internal risks. The...
US Stocks Stable After Midday Trump Tumble
Wall Street stocks finished little changed Tuesday, rebounding from a mid-session swoon sparked by unease over Donald Trump Jr's interactions with Russian interests. Markets had been chugging through...
Moody’s Predicts Acceleration In Ghana’s ‘real’ GDP For 2017, 2018
Ghana’s B3 credit rating and stable outlook reflects its strong economic growth outlook and reduction in external imbalances, set against challenges which include a significant fiscal overrun in...
US Dollar Rebounds While Global Stocks Post Gains
Rising oil prices and investor appetite for financial stocks helped boost most major US and European equities on Monday while the dollar rebounded on exchange markets ahead of the July 4 holiday in...
Global Stocks Pressured By Tough Central Banker Talk
US stocks finished mostly higher Friday, bucking the trend in most global equity markets as worries about tightening monetary policy pressured sentiment. The Dow and S&P 500 ended modestly higher,...
Beijing’s Hand Seen As Yuan Hits Nearly 7-Month High
China's yuan jumped to a near seven-month high Thursday, fuelling speculation that the government was pulling strings to prop up the beleaguered currency in response to last week's credit rating...
Political Risk Weighs On European Stocks
European stocks slid on Tuesday as political risk once again returned to the fore with Italy nearing a deal for early elections and a fresh game of chicken over Greece's bailout keeping investors on...
Russia’s Economy Is On the Mend
Russia is heavily dependent on oil exports and was hit hard when crude prices started to crash The country is recovering nicely from a recession and should see economic growth of 1.4% this year,...
US Household Debt Surpasses 2008 Levels
Household debt has surpassed a peak set during the 2008 financial crisis, marking a long, gradual recovering in borrowing by American consumers, the New York Federal Reserve Bank reported Wednesday....
China Targets Debt Risks, But Does It Mean Business?
China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities...
Mallya’s $1bn Debt Is the ‘tip of the Iceberg’ of India’s Unpaid Loans
The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon's unpaid debts are just the tip of an iceberg that is already holding back the country's...
How Bad Corporate Debts Are Holding Back India’s Growth
The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon's unpaid debts are just the tip of an iceberg that is already holding back the country's...
IMF Points To Domestic Borrowing As Answer To Growing Debt
The International Monetary Fund (IMF) has thrown its weight behind the government’s decision to rely primarily on domestic borrowing to finance the deficit this year. It says the country’s strong...
IMF Says Pace of Global Economic Growth Is Picking Up
IMF says pace of global economic growth is picking up The world economy seems to be gaining momentum, according the chief economist The world economy seems to be gaining momentum, according the chief...
Student Debt May Drag On Home Ownership
US students' debt burden is soaring, creating a barrier to home ownership and economic mobility as well as a potential drag on consumer spending, a senior Federal Reserve policymaker said Monday. The...