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Christopher Kweku Bennett

Worries over bank failure hit stock market performance

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 added to the mix as the major indexes all fell …

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Australian economy sees unexpected growth

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, the biggest gain in more than a year, from the previous three months when it grew 0.4 …

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Asian stocks suffer biggest fall in two weeks

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 House, Japan’s biggest home builder, dropped more than 2 percent in …

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10 things you must know about swine flu

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 has been surprisingly tenacious in the U.S., refusing to fade …

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US auto sales boom in August

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 a 17 percent jump in monthly sales on …

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Oil prices hover around $68

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 Singapore time in electronic trading on the New York …

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Obama’s approval ratings lowest at 53%

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 Research Corp. survey results released yesterday show his overall approval number at …

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North America’s top selling Bible to be revised

The top-selling Bible in North America will undergo its first revision in 25 years, modernizing the language in some sections and promising to reopen a contentious debate about changing gender terms in the sacred text. The New International Version, the Bible of choice for conservative evangelicals, will be revised to …

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Ghana COCOBOD targets one million metric tonnes of cocoa

Ghana Cocoa Board (COCOBOD) has projected to increase the country’s annual cocoa production to one million metric tonnes within the next three years. To this end, interventions such as clearing of weeds, free supply of fertilizer and free spraying of cocoa farms have been intensified to enable farmers increase their …

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Farmers asked to invest more in agriculture

Mr George Gabrah, Akuapem North District Director of the Ministry of Food and Agriculture (MOFA), has asked farmers to invest more in agriculture to enable them to earn high incomes.      He also asked Ghanaians to go into farming and to disabuse their minds that the economic activity was for …

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