September 2009

An electronic toll collection system became operational on the Accra-Tema Motorway on Tuesday as the government seeks to plug revenue leakages and boost revenue for the Road Fund. Under the new computerised system, whose piloting began on…

The Ghana Interbank Payment and Settlement System (GhiPSS) on Monday launched an electronic cheque clearing system dubbed "Cheque Codeline Clearing with Truncation" (CCC) which will ensure clearance within a day from September this year.…

South Africa's Afgri Ltd. on Wednesday reported a 5 percent jump in annual earnings largely due to a bumper maize harvest, but said a further deterioration of the economy may affect its businesses. South Africa is currently mired in its…

A stock market ripe for a big pullback succumbed Tuesday, plunging when rumors of a bank failure revived investors' anxiety about the banking industry and the economy as a whole. A batch of economic reports that just weren't good enough…

Australia’s economic growth unexpectedly accelerated in the second quarter, driving the nation’s currency higher on expectations the central bank will raise borrowing costs from a half-century low. Gross domestic product rose 0.6 percent,…

Asian stocks fell, giving the MSCI Asia Pacific Index its biggest drop in two weeks, as Seven & I Holdings Co. and Sekisui House Ltd. cut their profit forecasts. Seven & I, the world’s largest convenience-store owner, and Sekisui…

Since it first emerged in April, the global swine flu epidemic has sickened more than 1 million Americans and killed about 500. It's also spread around the world, infecting tens of thousands and killing nearly 2,000. This summer, the virus…

U.S. auto sales boomed in August as $3 billion in government incentives drove sharp gains for Hyundai Motor Co and Ford Motor Co but failed to provide a boost for General Motors Co in its first full month outside bankruptcy. Ford reported…

Oil prices hovered above $68 a barrel Wednesday in Asia after a two-day plunge as a drop in U.S. crude inventories suggested demand may be recovering. Benchmark crude for October delivery was up 25 cents to $68.30 a barrel by midday…

President Obama’s job approval rating is at the lowest point of his presidency - a drop largely caused by erosion in support among the political independents who gave him an electoral landslide, a new poll suggests. The CNN/Opinion…