Officials of the former government administration has dared the Akufo-Addo government to point out which specific state vehicles it claims are missing, saying it left behind a total of 641 vehicles. A statement signed by former Deputy Chief of Staff Johnny Osei Kofi said claims by the president’s press secretary Eugene Arhin that 208 state … Read more
Former Deputy Communications Minister Felix Kwakye Ofosu says the government wants to throw dust in the eyes of the citizenry by claiming that over 200 vehicles are missing from the presidency. According to him, “we have accounted for 641 vehicles,” two of which are bullet-proof saloon cars at the president’s disposal. He made these known … Read more
The erstwhile Mahama administration has dared the Akufo-Addo government to point of which specific state vehicles it claims are missing, saying it left behind a total of 641 vehicles. A statement signed by former Deputy Chief of Staff Johnny Osei Kofi said claims by the president’s press secretary Eugene Arhin that 208 state vehicles are … Read more
The increasingly unpredictable French presidential election race unnerved European financial markets on Tuesday, tipping the euro towards its biggest fall this year and driving investors away from French government bonds. The premium investors demand for buying French 10-year government bonds FR10YT=TWEB over German 10-year bonds DE10YT=TWEB rose to 78 basis points, the highest level since … Read more
Toyota says its full-year profits will be better than expected thanks to a pick-up in sales and a boost from currency fluctuations. The Japanese firm expects net profit in the year to March of 1.7 trillion yen ($15.1bn; £12.1bn), compared with a previous forecast of 1.55 trillion yen. That is despite losing its top-selling carmaker … Read more
The Monetary Policy Committee (MPC) of the Bank of Ghana maintained its prime rate despite a potential drop forecast by economists. The policy rate which stood at 25.5 percent in November last year after a 50bps reduction, remains same for January 2017. The stationarity of the rate was accorded to government’s inability to meet the … Read more
The National Organiser of the National Democratic Congress (NDC), Kofi Adams has told 3news.com that his house has been raided by some alleged gun wielding military men, who took away five (5) vehicles which were all registered in his name. The alleged military men were believed to have gone to the home of Mr. Kofi … Read more
The dollar struggled to regain its poise on Wednesday after the Trump administration accused Germany, Japan and China of devaluing their currencies to gain a trade advantage, adding to a risk-off mood that also kept stocks subdued. The U. S. currency suffered its worst January in three decades after President Donald Trump complained that every … Read more
Asian share markets and U. S. stock futures fell on Monday after President Donald Trump introduced immigration curbs that sparked criticism at home and abroad, adding to fears that his ‘America First’ policy may prove destabilizing for the rest of the world. Trump on Friday put a 120-day hold on allowing refugees into the country, … Read more
The dollar slid broadly on Monday after U. S. President Donald Trump struck a protectionist tone in his inauguration speech, undermining optimism over the U.S. economy spurred by his promises of tax cuts and other stimulus. Japan’s Nikkei dropped 1.1 percent while shares in Australia dropped 0.8 percent after the Trump administration, on its first … Read more
Toyota Motor Corp (7203. T) on Thursday said that company President Akio Toyoda met with U.S. Vice President-elect Mike Pence in Washington earlier this week as the incoming U.S. administration pressures automakers to build more cars locally. A Toyota spokeswoman said that Toyoda met with Pence on Tuesday, a day after the Japanese automaker said … Read more
Asian stock markets rose on Tuesday while crude oil prices languished near three-week lows, with investors uncertain whether output cuts by some major exporters would be enough to offset increasing supplies from other producers. Sterling extended losses following its lowest close in three months on renewed concerns about a “hard” Brexit. European markets were poised … Read more
The Japanese government defended Toyota Motor Corp (7203. T) on Friday as an “important corporate citizen” of the United States, after President-elect Donald Trump singled out the automaker and threatened to slap punitive tariffs on its Mexico-built cars. Trump has repeatedly hit out at U.S. companies for using lower-cost factories abroad at the expense of … Read more
Donald Trump has tweeted that Toyota will face hefty tariffs on cars built in Mexico for the US market. The President-elect said the Japanese company would be hit with a “big border tax” if it went ahead with plans to build Corollas south of the border. American car companies have faced harsh criticism from Mr … Read more
The dollar slipped to a two-week low against the yen on Thursday, mirroring a fall in U. S. bond yields as weaker-than-expected economic data weighed on the greenback and waning risk appetite boosted Japan’s safe-haven currency. Japan’s Nikkei stock index .N225 – which tends to move in the opposite direction to the yen – shed … Read more
Asian shares struggled on Thursday after a lacklustre performance on Wall Street as investors looked to U. S. economic data later in the day for potential catalysts, as markets wind down ahead of the holidays. The subdued mood was expected to carry over into European trading. Britain’s FTSE 100 index could edge down 0.1-0.2 percent, … Read more
The dollar hit a 14-year high on Tuesday as the yen fell after the Bank of Japan stuck to its ultra-loose monetary policy and the euro weakened following deadly attacks in Germany and Turkey. On Wall Street, the Dow appeared set for another run at 20,000 points .DJI, as concern after the attacks in Europe … Read more
Asian shares steadied in early trade on Monday after China agreed to return a U. S. drone it had seized, easing worries about rising diplomatic tensions between the world’s two biggest economic powers. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS tacked on 0.1 percent after falling to its lowest level in three weeks … Read more
Shares of Japanese technology firm Softbank have soared to their highest level in more than one year in Tokyo trade, jumping 5% at the open. That is on news Chief Executive Masayoshi Son said he will invest $50bn (£39.3bn) in US businesses. But details are lacking on where the money will go and how it … Read more
Toyota Motor Corp is setting up a new in-house unit to develop electric cars, offering its strongest endorsement yet of a technology it has not embraced wholly, as take up of a rival technology it pioneered remains slow. Japan’s biggest automaker said on Thursday it will launch next month a unit that will start with … Read more