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

GSE Feed

Forex Rate

Europe

Spanish tensions bar Europe from global stocks party

stock

Global stock markets hit a record high on Wednesday with investors in exuberant mood in the United States overnight and in Asia later, but sentiment in Europe was soured by a political crisis gathering steam in Spain. Tensions between Madrid and Catalonia have risen since the wealthy region held an independence referendum on Sunday that was tarnished by police violence. ...

Read More »

EU takes Ireland to court for not claiming Apple tax windfall

eu

The European Commission said on Wednesday it was taking Ireland to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple Inc (AAPL.O), a move labeled as “regrettable” by Dublin. The Commission ordered the U.S. tech giant in August 2016 to pay the unpaid taxes as it ruled ...

Read More »

Oil slides from nine-week highs as market looks to OPEC

oil

Oil prices edged lower on Monday, sliding away from nine-week highs, as worries lingered over high production from OPEC and the United States. Global benchmark Brent crude futures LCOc1 were down 65 cents, or 1.24 percent, at $51.77 a barrel at 0926 GMT. U.S. crude futures CLc1 were down 59 cents, or 1.19 percent, at $48.99 per barrel. Both contracts ...

Read More »

Brexit: UK will not cut taxes, says Philip Hammond

mediaitem

The UK will not cut tax and regulations after Brexit in a bid to undercut EU rivals, Philip Hammond has suggested. The chancellor told French newspaper Le Monde that tax raised as a percentage of the British economy “puts us right in the middle” of European countries. “We don’t want that to change, even after we’ve left the EU,” he ...

Read More »

Eurozone unemployment rate falls to 9.1%

lvmpzzyb

The unemployment rate in the eurozone has fallen to its lowest since February 2009, according to the latest official figures. The rate dropped to 9.1% last month, from a downwardly revised 9.2% in May. Separately, inflation remained unchanged in July at 1.3%, according to a preliminary estimate from Eurostat, the European Union’s statistics office. However, core inflation, which excludes food, ...

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 »

Deutsche Bank seals deal with Land Securities for new London HQ

ger

Deutsche Bank has exchanged a pre-let agreement for its new City of London headquarters, the building’s developer Land Securities said on Tuesday. The announcement confirmed details of the deal first reported in March, adding that under the 25-year lease agreement the German lender had committed to take a minimum of 469,000 square feet in the building at 21 Moorfields. The ...

Read More »

Oil bounce, results keep stocks on high

oil

Oil’s rise back above $50 a barrel helped prod stock markets higher on Wednesday and company results and economic data continued to soothe worries that the world economy may be ripe for a another slowdown. European stock markets were mainly higher, led by energy and commodity-linked companies after Brent crude topped the $50 mark for the first time since early ...

Read More »

McDonald’s sales up on premium hamburgers and cheap drinks

kfc

McDonald’s, facing pressure from increased competition, says it has found a recipe for success in $1 drinks and a new line of high-end hamburgers. The fast food pioneer had its highest quarterly sales at established stores in five years in the three months to the end of June. The firm credited its turnaround efforts, which involve remodelling stores and using ...

Read More »

Jimmy Choo bought by Michael Kors in £896m deal

choo_pa

Luxury shoemaker Jimmy Choo has been bought by Michael Kors Holdings in a deal which values the firm at £896m. The British firm, which was put up for sale in April, had attracted attention from a number of suitors. As well as shoes, Jimmy Choo produces a range of luxury goods. Jimmy Choo shoes featured the 90s TV hit show, ...

Read More »
Ghana Business News