August 2009

General Motors Co. said Sunday it has established a 2 billion yuan ($293 million) joint venture with China FAW Group Corp., adding a new vehicle segment to its portfolio in the world's fastest-growing auto market. The joint venture, FAW-GM…

Africa Israel Investments Ltd., the real-estate company owned by diamond mogul Lev Leviev, fell the most in nine months in Tel Aviv trading after saying it will start talks with bondholders to restructure its debt. Africa Israel dropped as…

United Arab Emirates and Qatari shares advanced to their highest levels in almost three weeks as oil held above $70 a barrel and evidence builds that the global recession is ending. Qatar’s DSM 20 Index climbed 2.4 percent to 7,088.17, the…

Israeli authorities indicted former Prime Minister Ehud Olmert on corruption charges Sunday, the first criminal indictment ever filed against a current or past Israeli prime minister. Olmert, who stepped down earlier this year over the…

The Democratic Party of Japan swept to power for the first time, ending a half-century of almost unbroken single-party rule in the world’s second-largest economy. The DPJ won at least 268 of 480 seats to secure a majority in Japan’s…

A Ghanaian footballer is the first from the African continent to play professional in England. The man Arthur Wharton was born in the then Gold Coast, at James Town in Accra in 1865 to a mixed race parents. His father was half-Grenadian…

The Board Chairman of Milicom Ghana Ltd., operators of Tigo, says the company has invested half a billion dollars into the Ghanaian economy, and spent $680,000 on training and development. Mr. Tismark Inja said these when the company…

Provident Insurance Company Limited on Thursday launched its Life Assurance Company dubbed “ProvidentLife” and three new products to give its clients a wider variety of services. The products, ProvidentLife Educator Plan, ProvidentLife…

The Ghana Stock Exchange (GSE) ended a week of successive gains on Friday with the main market indicator, the GSE All-Share index, closing the day’s trading up by 122.46 points. The index closed at 5,622.18 points from Thursday’s 5,499.72…

The Asikuma-Odoben-Brakwa District Assembly is collaborating with chiefs and land owners in the area to establish land banks for potential investors and the Youth in Agriculture programme as part of efforts to reduce poverty. The District…