Gold said to remain important to economies

The Managing Director of Fidelity Bank, Mr Edward Effah, has emphasised the importance of gold to the socio-economic lives of people. He said gold was a highly sought-after precious metal for coinage, jewellery, and other arts since the…

US consumers’ spending edges up

US consumers are spending slightly more as their incomes are rising modestly, official data showed Monday, doing little to dispel fears about the health of the economy. The Commerce Department said spending rose 0.4 percent in July as…

3M to buy Cogent for more than $900m

Diversified U.S. manufacturer 3M Co on Monday said it agreed to buy Cogent Inc for more than $900 million, paying a nearly 18 percent premium for the biometric identification systems company. 3M said it would pay $10.50 a share to buy…