Accra, Ghana
36°C
IT'S TIME SWITCH TO 4G ON MTN

GSE Feed

Forex Rate

Asia

Samsung scion Lee fights back tears as prosecutors seek 12 years’ jail

fine

Samsung Electronics Vice Chairman Jay Y. Lee fought back tears and denied wrongdoing on Monday as prosecutors sought a 12-year jail term on charges that include bribing the former president to help cement control of the South Korean tech giant. Lee, the de facto leader of one of Asia’s largest conglomerates, has been in detention since February on trial for ...

Read More »

Snapchat’s moment of truth is here

snap

Snapchat has seen much of its market value disappear since going public in March. Now the situation could go from bad to worse. Snap(SNAP), the parent company of Snapchat, fell as much as 5% in early trading Monday to a new low as some company insiders finally get the chance to cash out. The stock later rebounded and was flat ...

Read More »

Asia shares advance as investors look to data for proof of ‘goldilocks’

asia

Asian shares rose on Tuesday as investors looked to a barrage of economic data around the world to confirm recent signs the global economy is in fine fettle with inflation staying well contained. Spreadbetters expected a mostly stronger start for European shares, forecasting Britain’s FTSE to open 0.5 percent higher, Germany’s DAX to start up 0.1 percent and France’s CAC ...

Read More »

Hyundai Motor profit slumps, warns China, U.S. sales malaise to persist

hundai

Hyundai Motor posted its smallest quarterly net profit in five years, falling dismally short of estimates, and warned the second half of 2017 would be challenging as political headwinds hit sales in China and slow U.S. demand continues. The South Korean firm – which together with affiliate Kia Motors is the world’s No.5 automaker – has been betting earnings will ...

Read More »

Nintendo posts strong profits driven by new console

nintendo

Japanese gaming giant Nintendo said it returned to profit in the first quarter due to strong demand for its Switch console. The company hoped the Switch would be a viable competitor against Sony’s PS4 and Microsoft’s Xbox One. Nintendo posted an operating profit of 16.21bn yen ($144.95 million; £111.39 million) for the first quarter. That’s up by about a third ...

Read More »

Nestle to open Japan factory for exotic Kit Kat demand

kitkat2

Nestle is to open its first factory in Japan in more than 25 years because of demand for exotic flavours of Kit Kat. While traditionally the wafer snack has been made using milk chocolate, dozens of different flavours are proving popular in Asia. Flavours like wasabi and green tea have helped Kit Kat sales in Japan grow by 50% since ...

Read More »

Air India ditches meaty meals to save money

food

Air India has introduced an innovative new cost-cutting measure: Meatless meals. The struggling airline announced Monday that it has cut meat out of economy-class meals on domestic flights “to reduce wastage, reduce cost and improve catering service.” Air India has been struggled to compete in the country’s hugely competitive and fast-growing aviation market, needing a $4.5 billion government bailout in ...

Read More »

Tokyo: Chief of bitcoin exchange Mt. Gox denies embezzlement as trial opens

Mark Karpeles, chief executive of defunct bitcoin exchange Mt Gox, rides in a car as he arrives at Tokyo District Court for a trial on charges of embezzlement in Tokyo, Japan, July 11, 2017.  REUTERS/Toru Hanai

The 32-year-old chief executive of defunct Mt. Gox pleaded not guilty on Tuesday to charges relating to the loss of hundreds of millions of dollars worth of bitcoins and cash from what was once the world’s biggest bitcoin exchange. French national Mark Karpeles filed the plea in response to charges of embezzlement and data manipulation at the Tokyo District Court, ...

Read More »

Amazon wins India’s approval to invest in domestic food retail

FILE PHOTO: Employees of Amazon India are seen behind a glass bearing the company's logo inside its office in Bengaluru, India, August 14, 2015. REUTERS/Abhishek N. Chinnappa/File Photo

Online retail giant Amazon.com Inc has secured approval to stock and sell food and groceries in India, potentially expanding its business in the fast-growing economy where it is in a pitched battle with home-grown rival Flipkart. Amazon confirmed winning government approval for its plan to sell food products, but it declined to provide further details. Separately, a source familiar with ...

Read More »

Asian shares rise as investors await Yellen testimony

A man holding an umbrella walks in front of an electronic stock quotation board outside a brokerage in Tokyo April 7, 2015.    REUTERS/Issei Kato/File Photo

Asian shares extended gains on Tuesday and the dollar notched a four-month high against the yen, as investors awaited testimony from Federal Reserve Chair Janet Yellen for clues on when the central bank would tighten U.S. monetary policy. In Europe, futures for the Eurostoxx 50 and the DAX were both up 0.3 percent, while the FTSE was 0.2 percent higher. ...

Read More »
Ghana Business News