Verizon Wireless's launch of the iPhone could hurt the largest mobile operator in the United States even though Apple Inc.'s iconic smartphone has proven popular around the world, the chief executive officer of SK Telecom Co. said on Tuesd…
South Korea's Incheon International Airport has been named the world's best airport for the sixth straight year in the latest service quality survey taken by a global airport consultation group, the transportation ministry said Tuesday.
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The International Air Transport Association (IATA) Director General and Chief Executive Officer Giovanni Bisignani has called for "common vision" among the international aviation industry to tackle pathetic low profit margins.
PATHETIC PR…
China still has a long way to go to improve its economy, despite formally overtaking Japan as the world's second largest economy, experts said.
Japan's gross domestic product (GDP) reached $5.47 trillion last year, compared to $5.88 trill…
South Korea has ranked the world's fifth largest automobile manufacturer for six consecutive years in 2010, an industry report showed Tuesday.
According to a report by the Korea Automobile Manufacturers Association (KAMA), South Korea pro…
Shanghai General Motors Co. will recall 2,806 imported Cadillac CTS vehicles in China to repair faulty track bars to prevent safety risks, China's quality watchdog said on Monday.
The recall, which is set to begin on March 21, includes mo…
China on Tuesday reported lower than expected consumer inflation in January, but pressure remains for the government to control inflation as the situation is complicated by ongoing drought and high global commodity prices.
The consumer pr…
Shoppers using Lush's online stores in Australia and New Zealand on Tuesday were urged to cancel their credit cards, after the site was hacked.
The popular handmade cosmetics business, Lush shut down its Australian and New Zealand website…
Australian Prime Minister Julia Gillard has started her visit to New Zealand, focusing on building a stronger economic bond between the two nations.
Gillard flew into Auckland on Tuesday for a two-day visit where she was met by Prime Mini…
Hundreds of anti-riot Policemen and Government backers clashed violently with a thousand anti-government protesters during a demonstration marching towards the presidential palace in Yemen's capital on Tuesday, leaving a number of proteste…
Gomoa Rural Bank in Apam has given a loan of GH¢25,000 to 25 fishmongers at Apam to support their businesses.
The District Chief Executive for Gomoa West, Mr Teophilus Aidoo-Mensah who negotiated for the loan on behalf of the fishmon…
The following are 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, February 15, 2011.
GHANA CEDI EQUIVALENT …
The daily minimum wage has inched up by 20 per cent, the National Tripartite Committee in consultation with the National Daily Minimum Wage announced on Monday.
The committee increased the new wage from the GH¢3.11 to GH¢3.73.
…
Cabinet has approved the refund of money to more than 800 passengers of the defunct Ghana International Airlines (GIA) who were unable to travel on the airline when it was closed early last year.
Mr Kweku Sersah-Johnson, Public Affai…
The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, fell to open the week after three banking stocks lost to pull it down.
The index dipped 2.54 points to end the week at 1,054.56 point…
Mr Clement Ayamga, Chief Executive Officer of New Vision Consult Limited, on Monday called on the Savannah Accelerated Development Authority to support growing and existing industries in the North to thrive.
He said the region was en…
The Builsa Community Bank (BUCOBANK) in Sandema has paid 30 per cent of its net profits before tax totalling GHc37,166.40 to shareholders at two Pesewas per share.
Mr Edward Atagabe, Chairman of the Board of Directors (BoD) of the Ba…
Mr Frank Obeng, Upper East Regional Director of the Export Development and Investment Fund (EDIF) has reiterated Government’s commitment to ensure growth and development of the economy through trade.
He said trade was an important sp…
A group of experts from Morocco is to begin the installation of the new National Switch, which will add some more features to the current existing one.
The experts who arrived on Sunday will work with the staff of the Ghana Interbank…
The Ghana Railway Authority on Monday said it would demolish structures along the railway lines and would not be deterred by protest from traders along the routes.
The board of the Authority said in as much the demolition would affec…
Government must adopt a proactive listing legislation that would ensure that companies in the banking, telecommunication and mining sectors are listed, Mr Frank Adu, Chairman of the Ghana Stock Exchange Council has said.
Speaking at a…
The Kwabre Co-operative Credit Union has within less than two years of operations made giant strides in savings mobilisation and membership drive.
Mr Stephen Ofori Amanfo, Chairman of the Board of Directors, said its total deposits n…
The Coca-Cola Africa Foundation, is to construct five water treatment centres in the Greater Accra and Volta Regions.
This is aimed at providing the local communities with safe and clean drinking water, to ensure good health.
M…
The British government unveiled a series of measures on Wednesday aimed at boosting trade and investment to benefit the British businesses.
"Openness" lies at the heart of the Trade and Investment White Paper, which details guidance for t…
Although the U.S. economy has struggled to recover from the recent recession, the nation still faces daunting economic and budgetary challenges, Douglas Elmendorf, director of the Congressional Budget Office (CBO), said here on Thursday.
…
The French automaker Renault, eager to improve its profitability, announced on Thursday it has set a target of selling three million cars by 2013.
Presenting its new five-year strategy, the second largest automaker in France planned to de…
U.S. President Barack Obama on Thursday stressed the importance for the nation to invest on new-generation of high-speed wireless and rail, his latest move to promote U.S. global competitiveness put forth in his State of the Union address …
South Korea will expand financial support to low- and mid-income people and increase home supply as part of efforts to help them secure housing amid soaring rental deposits, the government said Friday.
The move comes as rental deposits…
A special envoy of Indonesian President Susilo Bambang Yudhoyono will visit South Korea next week, leading a large-scale delegation for economic cooperation talks, Seoul's foreign ministry said Friday.
Hatta Rajasa, coordinating minist…
The size of the so-called underground economy in South Korea has been shrinking steadily since the early 1990s due to increased transparency of financial transactions, a report showed Friday.
According to the report by the Korea Instit…
Asian countries need to step up cooperation in finding ways to prevent excessive capital flows from hurting their financial market stability and dampen overall economic growth in the region, Seoul's top economic and financial policymaker s…
Korean Air Lines Co., South Korea's top carrier, said Friday that it will extend the suspension of its flights to Cairo, Egypt, until the end of this month due to growing unrest there.
Korean Air has halted its flights between Tashkent…
Moscow could share its experience with Kyrgyzstan on its accession to the Customs Union, Russia's top customs official said Thursday.
"Russia is sincerely concerned over the situation in Kyrgyzstan. We would like less disinterest and indi…
The Association of Spare Parts Dealers at Sunyani Magazine, has registered its displeasure at the proposed ban of the importation of second-hand spare parts into the country.
Speaking in an interview with the Ghana News Agency on Thu…
Consumer Association of Sunyani Polytechnic (S-Poly) has appealed to the National Sachet Water Producers Association and the Sunyani Municipal Assembly to ensure that sachet water sell at the right price in the Sunyani Municipality.
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The Commissioner of Customs Division of the Ghana Revenue Authority has relocated and transferred 97 customs staff as part of measures to revamp the Division to make it more responsive and effective.
The move is also to revitalise th…
The following are 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, February 10, 2010.
GHANA CEDI EQUIVALEN…
The Public Utility Regulatory Commission (PURC) on Tuesday held a meeting with leadership of the various markets in Accra to introduce them to the Commission's refined Automatic Adjustment Formula (AAF).
The PURC is seeking to re-int…
Some cashew and teak tree farmers in Nkoranza South District in Brong Ahafo Region have formed an association so they could share ideas to enhance their activities.
A seven-member executive has been selected to see to the management …
Tokyo stocks extended gains Tuesday, with the key Nikkei stock index rising 0.41 percent to a fresh nine-month closing high as corporate Japan continued to churn out robust earnings reports and optimism about the U.S. economic recovery rem…
France's gross domestic product is expected to grow by 0.8 percent on better business sentiment in the first quarter of 2011, the Bank of France said Tuesday.
The French Central Bank's forecasts were much higher than those issued by …
Wages in Spain will rise this year at levels below the current rate of inflation.
The average pay rise agreed in the collective agreements revised and signed in January 2011 was 2.98 percent. That was slightly below the rate of infla…
The People's Bank of China (PBOC), the central bank, announced on Tuesday it would raise benchmark one-year borrowing and lending rates by 25 basis points beginning Wednesday.
The rate hikes come amid increasing pressure on the Chine…
The Chief Justice, Mrs Georgina Wood has drawn a link between investment and the prevalence of an effective judicial and adjudicatory mechanism and highlighted reforms that have taken place in the judiciary that would promote investment.
…
The Ghana Integrity Initiative (GII), the local chapter of Transparency International (TI), on Tuesday expressed disappointment at the response of both past and present governments to cases of corruption.
It specifically referred to …
Mr Samuel Amoah, Chairman of Kantamanto Traders Association (KTA) on Tuesday appealed to the Government to suspend the ejection and expansion work being undertaken by the management of Ghana Railway Development Authority (GRDA) until an al…
Economist Nii Moi Thompson says the best response to corruption is a continuous, credible, and transparent process of institutional regeneration and policy recalibration.
In an article on the raging debate on the fight against corrup…
The Ashanti Regional Office of the Department of Co-operatives has within the past five years registered 100 credit unions in the region.
Mr Kofi Nsiah Amponsah, the Regional Director of the Department, said given the crucial role th…
An expo and conference on small and medium scale enterprises (SME) takes place on February 24 and 25 at the KAMA Conference Centre in Accra, a statement from the organisers said in Accra on Tuesday.
Dubbed Business Sense 2011, the bu…
A high farm output on top of abundant rainfall has helped the Indian economy grow by an estimated 8.6 per cent in 2010-11, against 8 per cent a year ago, but high inflation remains a dampener.
According to Advance Estimates released…
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