Asian markets took a step back Thursday after a four-day rally, tracking a weak lead from Wall Street, as traders assess the chances of Congress passing Donald Trump’s massive tax cuts. As expected, the administration unveiled plans to slash corporate and individual rates but there were few details and there are questions over how the … Read more
The management of Bolgatanga Polytechnic has temporarily suspended disbursement of funds from the accounts of the Students Representative Council (SRC) for any activity, pending a final resolution of the confusion over the purchase of what has been described as a questionable Toyota Hiace van by the SRC President, Francis Bugase. Students of the Bolgatanga Polytechnic … Read more
The price of oil has hit its highest level for a month in response to the US military’s missile attack on a Syrian government airbase. The price of Brent crude surged above $56 a barrel before easing slightly. Syria has limited oil production, but its location in the Middle East and alliances with big oil … Read more
Wall Street stocks rallied Thursday, shrugging off uncertainty over President Donald Trump’s agenda and advancing as US fourth-quarter growth was upgraded and oil prices rose above $50 a barrel. Stocks were mixed elsewhere, with markets in Frankfurt and Paris rising, Tokyo falling and London flat. US investors took heart after the US Commerce Department revised … Read more
Most Asian markets fell Monday and the dollar struggled on fears the collapse of Donald Trump’s repeal of Obamacare could mean he will struggle to push through his promised tax-cut and infrastructure spending policies. In a severe early blow to the new administration, the healthcare reform was pulled Friday as it failed to garner enough … Read more
Asian stocks consolidated recent gains on Wednesday before a U. S. central bank policy meeting that could signal how much monetary tightening to expect during the remainder of the year, with an immediate rate hike fully priced in by markets. Though recent data, particularly out of China, has fueled a rally in Asian equities since … Read more
Sterling dropped on Tuesday after Britain’s parliament paved the way for Prime Minister Theresa May to launch divorce talks with the European Union, while stocks advanced ahead of an expected U. S. interest rate later in the week. European stocks were set for a mixed start, with financial spreadbetters expecting Britain’s FTSE 100 .FTSE and … Read more
One-time US presidential contender Bernie Sanders spoke in favor of unionization at a largely African-American Mississippi Nissan plant, in an appearance that doubled as Democratic outreach in the wake of Donald Trump’s election. Sanders, who was bested by Hillary Clinton during the Democratic Party’s primary, was accompanied by actor Danny Glover and other officials from … Read more
European stocks held near 15-month highs and the dollar strengthened against other top global currencies on Thursday on growing expectations that the U. S. central bank will raise interest rates later this month. Federal Reserve Governor Lael Brainard became on Wednesday the latest central bank official to signal that a hike may be in the … Read more
Asian shares rose on Thursday as investors were encouraged by President Donald Trump’s measured tone in his first speech to Congress, which sent Wall Street stocks sharply higher, while growing bets on a U. S. rate hike this month buoyed the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent, led … Read more
French 10-year bond yields hit a one-month low on Monday, pushing other euro zone sovereign yields lower, while a more cautious mood hung over world stock markets and the dollar, both of which struggled for clear direction. The fall in French bond yields came as polls showed centrist Emmanuel Macron would easily beat far-right candidate … Read more
Asian markets kicked the week off with broad losses Monday, with Tokyo hit by a stronger yen, as the global Trump rally shows signs of fragility ahead of a key speech by the new president to Congress. A record 11th successive all-time high close for New York’s Dow was not enough to inspire investors who … Read more
Japan’s Toshiba Corp (6502. T) wants to raise at least 1 trillion yen ($8.8 billion) by selling most of its flash memory chip business, seeking to create a buffer for any fresh financial problems, a source with direct knowledge of the matter said. The beleaguered conglomerate was pressured to abandon an initial plan to sell … Read more
Asian stocks rallied to 1-1/2-year highs on Monday, helped by renewed hopes over U. S. President Donald Trump’s tax reform plans, generally upbeat global economic data and a rebound in some commodities. The U.S. dollar rose against the yen on relief that Trump set aside tough campaign rhetoric over security and jobs in a relaxed … Read more
A self-acclaimed presure group by name Media for Accountability has made some jaw-dropping disclosures regarding the issue of ‘missing’ State vehicles. In a statement signed by two members of the group, Nana Kwabena Bobie Ansah a – Broadcast Journalist and Listowel Nana Kusi-Poku – a Freelance Journalist, the ruling New Patriotic Party (NPP) is searching … Read more
Ningo-Prampram MP, Sam George Nartey, has accused the media of mischief over comments he made that some of the vehicles the New Patriotic Party (NPP) government purports to be missing were sold to some members of the erstwhile John Mahama administration. There is currently a back-and-forth between the Akufo-Addo government and the erstwhile Mahama administration … Read more
The vehicle that was involved in the accident Eight people on Saturday lost their lives in a horrific road crash that occurred at Ewusie Joe in the Ahanta West District of the Western Region. The crash also left 21 people in critical condition according to Superintendent Richard Appiah, the Regional Director of the Motor Transport … Read more
The President of policy think tank IMANI Ghana, Franklin Cudjoe has urged government to sell some of its vehicles to foot the bill for the Ghana’s 60th anniversary celebrations. President Nana Addo Dankwa Akufo-Addo over the week disclosed that government intends to spend GHc20 million on the celebration with support from the private sector. But … Read more
The President of policy think tank IMANI Ghana, Franklin Cudjoe has urged government to sell some of its vehicles to foot the bill for the Ghana’s 60th anniversary celebrations. President Nana Addo Dankwa Akufo-Addo over the week disclosed that government intends to spend GHc20 million on the celebration with support from the private sector. But speaking … Read more
The former National Democratic Congress (NDC) administration has released the full list of fleet of vehicles at the Flagstaff House following allegations that 200 of those cars are missing. According to a former deputy chief of staff Johnny Osei Kofi, the Akufo-Addo government is distorting facts, adding the claims by the Director of Communications Eugene … Read more