Poland will continue to post positive economic growth and thus its unique position in the EU, Polish Deputy Prime Minister and EconomyMinister Waldemar Pawlak said commenting on the autumn economic forecasts published bythe EC on Tuesday.
…
Indonesia's foreign reserves reached a record-
breaking amount at 64 billion U.S. dollars as of October at the latest, a local media reported
here on Wednesday.
The Central Bank Deputy Governor Hartadi A Sarwono said that it was a …
South Korea is expected to rank top in foreign reserve growth this year, mainly due to its improving trade surplus, the government said Wednesday,citing an International Monetary Fund (IMF) report.
According to the Ministry of Strate…
Myanmar businessmen have signed some memorandums of understanding (MoU) for exporting over 80 million U. S. dollars' goods to China during the recent China-ASEAN expo held in Nanning, capital of Southwest China'Guangxi Zhuang Autonomous Re…
The World Bank (WB) estimated that Indonesia's
economic growth to reach 4.3 percent this year, or higher than the WB's initial estimation that stood at 3.5 percent, a WB senior economist said here on Wednesday.
The WB's latest estim…
Kenya's inflation rate declined to 6.6 percent in
October from 17.8 percent in September due to the impact of a new method of calculation adopted by the statistics bureau.
The Kenya National Bureau of Statistics (KNBS) said in a sta…
The Asia-Pacific Economic Cooperation (APEC)CEO Summit in Singapore will see the largest number of participants in attendance since its inception in 1996, the organizing committee said on Wednesday.
To be held from Nov. 12 to 14, the…
The Brazilian finance ministry has recently decided to increase taxation on foreign investments in the stock market and fixed capital by 2 percent in order to curb the sharp rise of the national currency real against the U.S. dollar.
…
Commercial lender CIT Group filed for bankruptcy protection on Sunday after U.S. government bailout and debt exchange offer failed.
The New York-based company filed for Chapter 11 in U.S. Bankruptcy Court Sunday as its bondholders ap…
The U.S. economy grew 3.4 percent in the third quarter for the first time in more than a year, indicating the worst recession since the 1930s may be coming to an end. But economists have also warned that the government-led growth must be r…
The Ghana Cedi regained its balance on the inter-bank market this morning, managing an appreciation against the dollar, the pound and the euro.
It however remained flat against the CFA, pushing the GCS-Cedi Index to gain 0.30 per cent…
The main index of the Ghana Stock Exchange (GSE), the All-Share Index, begins the week flat on Monday at 5,378.72 points, same as on Friday.
Change for the year closed the session at -48.44 per cent.
Traded volumes closed the s…
The Likpe-Koforidua Anti-Cocoa Smuggling Taskforce at the weekend seized 26 half bags of wet cocoa beans being transported by suspected smugglers to Togo.
The seizure happened after the Mazda mini bus carrying the cocoa got stuck in mud …
The following are the average inter-bank exchange rate of the dollar and derived rate for the major currencies against the cedi as issued by the Ghana Association of Bankers on Tuesday, November 3,
2009.
Currency …
The International Monetary Fund (IMF)estimated that Indonesia's economic growth would reach 4.8 percent in 2010, or below the government target initially set at 5 percent, the Jakarta Globe
reported here Tuesday.
"We expect the Ind…
President John Evans Atta Mills on Tuesday
affirmed government's determination to work towards enhancing a favourable investment climate for the country.
He said government would work towards ensuring security and safety of investo…
Cadbury Ghana and Cadbury Canada on Tuesday donated 5,000 bicycles to be distributed to school children in deprived cocoa growing communities to increase their access to education.
The donation comes in the wake of the long distances…
The APEC Economic Leaders' Meeting (AELM) will discuss new agenda concerning the world's post-crisis development, Chulamanee Chartsuwan, an official of the Thai Foreign Ministry, said Tuesday.
The APEC Economic Leaders' Meeting will …
Ms. Hannah Tetteh, Minister of Trade and Industry,
on Tuesday hinted that Ghana will by 2010 have a consumer policy in place to ensure efficiency in the provision of goods and services.
The consumer policy will also facilitate the …
Iraq signed Tuesday a major oil deal with Britain's BP and China's National Petroleum Company (CNPC) to develop its Rumaila oilfield in
southern Iraq.
Iraqi Oil Minister Hussein Al-Shahristani signed the deal worth 50 billion U.S. d…
U.S. automaker General Motors Co. and Ford Motor Co. reported Tuesday a sales increase in October, but another U.S. automaker Chrysler Group LLC saw a significant decline.
GM's sales increased 4 percent last month compared to a year …
U.S. automaker General Motors Co.'s board of directors decided on Tuesday to retain its German Opel unit instead of selling it to Canada's Magna
International Inc. and its Russian partner, Sberbank. The board based its decision, in pa…
Brazil's accumulated trade surplus registered 22.599 billion U.S. dollars in the first 10 months this year, 9.1 percent higher than the same period in 2008, the government announced on Tuesday.
The increasing trade surplus, with an a…
The economic rebound in East Asia and the Pacific has been surprisingly swift and very welcome, but taking China out of the equation,the regional picture is less rosy, according to a World Bank report released on Tuesday.
The latest …
Global consumer's confidence has recovered in the third quarter this year, showed by Nielsen Global Consumer's Confidence that rose 9 points to 86 from 77 in October, a survey's result said here on Monday.
The Nielsen Company Indones…
U.S. President Barack Obama said Saturday the U.S. economic recovery is moving "in the right direction" with a million jobs created or saved thanks to the government's stimulus policies.
"Today, I am pleased to offer some better news…
Japanese wages in September declined to an average of 266,364 yen in September, marking the 16th consecutive month of year on year decline, according to data released on Monday by the Ministry of Health Labour and Welfare.
Non-schedu…
Rural banks have been urged to position themselves adequately to confront the challenges posed by the emerging technological advancement in the banking industry.
Mr Eric Osei-Bonsu, Managing Director of the ARB Apex Bank, made the ca…
Vice President John Mahama on Monday swore in members of the reconstituted Divestiture Implementation Committee (DIC) Board at the Castle, Osu, with a charge to be guided by the principles of probity and accountability in discharge of thei…
The non-hydrocarbon economies of oil producers of the Gulf Cooperation Council (GCC) are projected to grow by around 2 percent this year despite a sharp decline in the oil sector because of lower crude production and prices, a local daily …
The number of tourists visiting Nepal via air in October has increased by 10.8 percent.
The latest statistics of the Nepal Tourism Board (NTB) show that 56,009 tourists arrived in Nepal in October compared to 50, 567 during the same …
The Committee for Joint Action (CJA), a pressure group, on Monday criticised the government for the five per cent increase in fuel prices announced last weekend saying these "arbitrary increases are
certainly going to exacerbate the seri…
Ghana must continue with her prudent financial measures to reduce public debt and stabilise the economy for accelerated poverty reduction, International Monetary Fund (IMF) Director of the African Department, Ms. Antoinette Sayeh said on M…
China has made remarkable achievements in the past decade thanks to its huge trade surplus and now it turns to gain momentum from domestic demand, Jim O'Neill, chief economist at Goldman Sachs, said Monday.
O'Neil, who first dubbed C…
Participants at a tax education forum in Kumasi have complained about high import duties on vehicles that makes it difficult to clear them at the ports.
They therefore demanded that the custom duties should be reviewed downwards.
…
The Budget Estimates and Financial Policy of the Government for the 2010 financial year would be laid before Parliament not later than November 19, Mr. John Akologu Tia, Deputy Majority Leader, has announced.
He said the presentation…
Small and medium enterprises in the Mfantseman
Municipality and Abura Asebu Kwamankese District are to benefit from on-lending loan facility being provided by the Support Programme for enterprise Empowerment and development (SPEED),a Germ…
The Budget Estimates and Financial Policy of the Government for the 2010 financial year would be laid before Parliament not later than November 19, Mr. John Akologu Tia, Deputy Majority Leader, has
announced.
He said the presentati…
The main index of the Ghana Stock Exchange (GSE), the All-Share Index, closed the week down on Friday, losing 121.43 points to end at 5,378.72 points.
Change for the year closed the session at -48.44 per cent.
Traded volumes cl…
The Association of Rural Banks (ARBs) Apex Bank Limited would soon launch its star product, "Apex Link Money Transfer," onto an Information and Communication Technology (ICT) platform to make
banking services efficient, fast, safe and se…
Community members have been called upon to contribute to the budgeting process instead of leaving it to the Assembly members alone.
It was crucial for community members to participate and contribute to the drawing up of the budget an…
The Upper East branch of the Ghana National Association of Teachers (GNAT) has expressed disappointment on government failure to implement the agreed road map on the Single Spine Pay
Policy (SSPP).
The Regional Secretary of GNAT, M…
Chinese merchants in Russia can only thrive by standardizing their operation, Cai Guiru, the chairperson of the Chinese Chamber of Commerce in Russia, told Xinhua on Saturday.
The recent removal of the Cherkizovsky Market in northeas…
Four West African countries along the river Senegal chose a Chinese company for the Felou dam project in Mali, local media reported on Monday.
The OMVS grouping of Guinea, Mali, Mauritania and Senegal rewarded the project to China's Si…
The biggest achievement of the Asia Pacific Economic Cooperation (APEC) over the past 20 years was that it had grouped nations and regions with different interests and offered a platform to exchange views, a Russian scholar told Xinhua on…
Canada has taken formal action against the European Union's ban on trade in seal products by requesting WTO consultations, Minister of International Trade Stockwell Day announced Monday.
The EU's regulation to ban the sale of Canadia…
UN Secretary-General Ban Ki- moon on Monday urged leaders of stock exchanges and financial institutions to better manage and integrate environmental, social and governance (ESG)
issues into their business practices.
In a video mess…
A Costa Rican business mission arrived in Cuba on Monday to promote the country's export to the Cuban market.
The visit of the mission, the first initiated by the Exterior Commerce Promoter (PROCOMER), aimed to reinforce business t…
The 27th Havana International Trade Fair (FIHAV-2009) opened its doors on Monday to 2,500 businessmen from 54 countries and 1,230 companies, 652 of which were foreign ones.
At the opening ceremony, Cuban Exterior Commerce and Foreign…
The University of Ghana Co-operative Credit Union Limited is to operate as a quasi-bank, to provide various financial services including educational and Christmas savings with higher returns to members.
A three-year strategic plan, d…
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