China's monthly exports of passenger cars rose to its record high last month, indicating growing demand for Chinese cars from overseas, an industry report showed Tuesday.
According to the report by the China Association of Auto Manufac…
Dismissing concerns that March's devastating earthquake would weigh on Japan's consumer spending, LG Electronics Inc. said Tuesday that it is targeting 25 percent growth in annual mobile phone sales in Japan this year.
LG, which shippe…
South Korea's arms procurement agency said Tuesday it has been in discussions with the Iraqi government to sell its T-50 supersonic trainer jets to the Middle Eastern country.
A team of Iraqi government delegates is scheduled to visit …
China's consumer prices rose 5.5 percent in May from a year earlier to a 34-month high due to soaring food costs, government data showed Tuesday.
Last month's growth in the consumer price index (CPI) was up from a 5.3 percent gain in A…
Kosmos Energy has said it will list on the Ghana Stock Exchange before the end of this year to raise about $50 million to enable it to fund development of its oil operations in the country.
Briefing journalists in Accra on Tuesday, K…
The annual rate of inflation fell to 8.90 percent in May from 9.02 per cent in April on the back of lower food prices, the Ghana Statistical Service (GSS) said on Wednesday.
Announcing the figures at a press conference in Accra, Gove…
Shares of Tullow Oil plc went on sale to the Ghanaian investing public on Monday at an offer price of GH¢31 per share.
Tullow, which is listed on the London and Irish Stock Exchanges, is making available four million of its shares in…
The National Plan of Action (NPA) for the Elimination of the Worst Forms of Child Labour (WFCL) in Ghana and the ILO Convention on minimum age of employment was launched in Accra on Monday with a call on implementing agencies to come on bo…
An international boat show has brought together the world's top-notch boats and yachts in South Korea, giving visitors a rare chance to glimpse into the vast array of luxury boats at a single venue, the event's organizer said Monday.
T…
South Korea is stepping up efforts to ferret out people and businesses engaged in offshore tax evasion schemes by directly investigating foreign financial accounts, the tax office said Monday.
The National Tax Service (NTS) said it wil…
POSCO, South Korea's leading steelmaker, said Monday that its China joint venture has completed the expansion of a stainless steel plant in an effort to effectively cater to growing demand in the world's No. 2 economy.
POSCO and China'…
Sales of consumer electronics products in China rebounded in May largely due to higher seasonal demand, the Chinese government said Monday.
The Chinese Ministry of Commerce said in a report that sales of consumer electronics appliances…
For the United States struggling to create jobs, delaying the ratification of a free trade agreement (FTA) with South Korea is tantamount to "economic self-sabotage," an American congressman said Sunday.
"Unfortunately, time is not on …
There are so many opportunities in the oil industry which need the right dynamics, political will and right infrastructure to drive it forward, a senior official of an oil trading and petroleum distribution company, said on Tuesday.
…
UT Holdings has taken another step into the Financial Market, launching onto the market its insurance business with a pledge to commit to customer satisfaction and innovation in product design.
UT Life Insurance Company Limited aims a…
Current and prospective presidential candidates in the U.S. Republican field on Sunday criticized President Barack Obama for his failed economic policy.
Jon Huntsman, who has worked for the Obama administration until April as U.S. ambassa…
The World Economic Forum on East Asia has kicked off in Jakarta, Indonesia. The 2-day forum brings together over 600 brilliant minds from around the globe to exchange ideas on the most pressing issues in the Asian region.
The growth of As…
Mr Charles Sirois, Founder of Enablis Entrepreneurial Network, has called on banks and financial institutions to support Small and Medium Scale enterprises to build solid businesses based on sound ethics and practices.
He said the ban…
Mr Isaac Asiamah, New Patriotic Party (NPP) Member of Parliament for Atwima/Mponua, on Friday called on the leadership of the House to invite the Canadian Parliamentary Centre to school parliamentarians on the criteria for their evaluation…
Finance Minister, Dr Kwabena Duffuor, on Thursday inaugurated a nine-member National Risk Management Committee with a call on members to use their expertise to help mitigate the price risk of crude oil on the economy.
The Committee is t…
Main One Cable Company has announced the connection of Zipnet Broadband Wireless Services (www.myzipnet.com) to its world class broadband network.
The connection of Zipnet, a leading internet service provider underscores Main One’s g…
The Accra Metropolitan Assembly (AMA) has set up a Revenue Mobilisation Task Force that would visit businesses, property owners and government institutions to reconcile bills and collect rates from June 13.
A statement in Accra from …
Alhaji Asoma Banda, Chairman and Chief Executive Officer of AntrakAir, a domestic air carrier, says Ghana is over-liberalizing its airspace to the detriment of local airline operators.
He said even though other countries in West Afri…
The World Bank has advised developing countries to focus on tackling country-specific challenges of achieving balanced growth through structural reforms, coping with inflationary pressure and dealing with high commodity prices instead of …
Vodafone Ghana says it is ready to receive porting requests from mobile phone users come July 1st when Ghana introduces Mobile Number Portability (MNP).
Mr James Wild, Vodafone MNP Programme Manager, who told journalists on Wednesd…
Two new international boarding gates have been constructed to serve customers at the Kotoka International Airport (KIA) and to help reduce the jam of traffic at the airport, bringing the number of international boarding gates to five.
…
The Ghana Chapter of the Association of Certified Fraud Examiners (ACFE) has been launched in Accra with a call on heads of institutions to ensure high ethical standards of professionalism.
Dr Kwesi Akyem Apea-Kubi, Deputy Minister of…
The difficulties for trade union activities are far from being reduced in Africa in 2010, as trade union rights continue to be flouted, according to the Annual Survey of violations of trade union rights in the world.
The report publi…
The leadership of the government delegation, the Ghana Trades Union Congress and the Ghana Employers’ Association attending the 100th Session of the ILO in Geneva has been elected to serve on the Governing Board of the UN body.
UN ex…
The following is the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi, as issued by the Ghana Association of Bankers on Thursday, June 9, 2011.
GHANA CEDI EQUIVALENT OF C…
Crude prices rose on Wednesday as OPEC failed to reach agreement on increasing output at its meeting in Vienna.
OPEC didn't raise output as investors had expected on Wednesday. At its meeting, the largest OPEC oil producer, Saudi Arabia, …
Government has been commended for initiating the Rural Enterprise Project, which has helped in providing employment for some Ghanaians.
Mr John Bosco Azigwee, Acting Rector of the Bolgatanga Polytechnic, made the commendation at a t…
Some teachers in the Afayili Primary School have said forced marriages were still being practiced in some parts of the area despite attempts to curb it.
They said they had intervened in several instances to free some of the girls bei…
Silver moved down by Rs 500 to Rs 54,700 per kg, while gold declined by Rs 130 to Rs 22,680 per 10 grams Wednesday in India on reduced offtake at existing high levels amid a weakening global trend.
Silver coins followed suit and decli…
Aiming to attract passengers of South and East Asian origin, Jet Airways has applied to the government for traffic rights to rapidly expand into continental Europe to fly people to Bangladesh, Nepal, Sri Lanka and Thailand.
"We are co…
U.S. President Barack Obama said here on Tuesday the U.S. economy will not slip into a double-dip recession as recent data indicate a slower than expected growth in the world's largest economy.
"I'm not concerned about a double-dip recess…
Global growth is projected to remain strong from 2011 through 2013, though the overall growth rate is expected to slow down slightly due to various challenges and uncertainty, according to a report released by the World Bank on Tuesday.
T…
Following a brief surge in the aftermath of the killing of Osama bin Laden, U.S. President Barack Obama's approval rating has dropped back with record-number of Americans disapproving his handling of the economy, according to a new Washing…
U.S. Federal Reserve Chairman Ben Bernanke said Tuesday that although the economic recovery has weakened in recent months, growth in the world largest economy will strengthen later this year.
"U.S. economic growth so far this year looks t…
U.S. President Barack Obama said on Tuesday that he and German Chancellor Angela Merkel both agreed that Europe's debt crisis cannot be allowed to harm the global recovery.
"I very much appreciated the chancellor's views on the financial …
Advanced hepatitis C patients with chronic liver disease may benefit from drinking coffee during treatment, according to a new study published Tuesday in Gastroenterology, the official journal of the American Gastroenterological Associatio…
Salmonella, not E. coli, poses the greatest health threat to Americans, the U.S. Centres for Disease Control and Prevention (CDC) announced on Tuesday.
Salmonella infections have risen 10 percent over the past 15 years, while several type…
IFC held its fourth international health care conference in Washington, D.C., from May 25 through May 27. The conference, "The Road Ahead: What Next for Emerging Market Private Health Care," explored the future of private health care in de…
The World Bank is forecasting an average growth rate of 6.5 percent in countries in sub-Saharan Africa over the next three years, thanks to recovery in exports, investments flows and high domestic demand.
Presenting the findings of its…
The Saltpond Offshore Producing Company Limited (SOPCL) is engaged in a clean and genuine business and is ready to cooperate with the National Security Apparatus in any investigations it intends to carry out.
This was contained in a …
Mr Emmanuel Asiedu-Mante, a Former Deputy Governor of the Bank of Ghana, has said most rural banks should merge because of the new capital adequacy requirement and competition from the increasing number of universal banks.
“I think t…
The following is the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi, as issued by the Ghana Association of Bankers on Monday, June 6, 2011.
GHANA CEDI EQUIVALENT OF CURR…
With the summer holiday season in full swing, Indian and foreign carriers have launched a host of offers to attract holiday makers, business flyers and students going to foreign universities.
Indian national carrier Air India has come…
India is likely to open up its doors for Tesco and
other overseas supermarket giants to set up multi-brand retail stores in the country,Indian Minister of State for Commerce and Industry Jyotiraditya Scindia has indicated.
"The way…
Most New Zealanders are less willing to take on debt in the wake of the global financial crisis, according to a new survey.
The survey, commissioned by money guide Sorted, which is run by the government's Retirement Commission, showed 56 …