Emmanuel Dogbevi 45478 posts 2 comments

The World Bank on Thursday approved a controversial $3.75 billion loan to develop a coal-fired power plant in South Africa despite the lack of support from the United States, Netherlands and Britain. The countries, all major donors to the…

South Africa's MTN and Standard Bank face a claim of close to 1 billion rand for infringement of technology patents in their MTN Banking joint venture, a local newspaper reported on Friday. Business Report newspaper said the two firms had…

Greece sank deeper into the financial mire as its borrowing costs soared to new heights on Thursday despite the government and European Central Bank insisting it did not need immediate help. "We do not need to activate or modify any…

South Korea's central bank left its key interest rate at a record low Friday as new Gov. Kim Choong-soo begins deciding when to end an easy money regime implemented 18 months ago to help fight the global financial crisis. The Bank of Korea…

Almost three years after Citigroup started to teeter, two of the executives who guided the bank into the center of the financial storm offered their regrets Thursday to a federal committee examining the crisis. Charles Prince, Citigroup's…

Federal Reserve officials again reiterated their commitment to low interest rates for "an extended period" on Thursday, given the fragile nature of the economic recovery, and suggested a reduction in the size of the central bank's balance…

Scores of Carlsberg workers walked off their jobs in protest Thursday after the Danish brewer tightened laid-back rules on workplace drinking and removed beer coolers from work sites, a company spokesman said. The warehouse and production…

Shell Trading, one of the world’s leading oil trading companies, has pledged to place its expertise at Ghana’s disposal as the country begins its oil and gas production by the last quarter of the year. It said with its experience in the…

Ghanaian artisans have benefitted from the record $50 million payments made to artisans and group that represent Worldstock worldwide. Worldstock was created in 2001 to provide artisan’s in the world’s poorest regions including the US with…

A Nigerian company, is looking at possibilities for investment in Ghana’s nascent oil and gas industry. The managing director of National Engineering and Technical Company (NETCO), Kenneth Ejuoneata who revealed his company’s interest in…