Accra, Ghana

GSE Feed

Forex Rate


SocGen beats with fourth-quarter earnings and raises dividend; profits up 15% in 2016


Societe Generale‘s fourth-quarter net profit fell by around two-fifths due to the negative impact of higher taxes and a unit sale, France’s third largest bank by assets announced on Thursday. However, the net profit figure of 390 million euros ($417 million) still came in ahead of analyst expectations of 354 million euros in a Reuters poll. Revenue also edged up ...

Read More »

Investments in European wind power hit $29.4 billion last year


Last year saw 27.5 billion euros ($29.4 billion) invested to finance the development of wind energy in Europe, a 5 percent increase compared to 2015, according to new figures from industry body WindEurope. In total, 12.5 gigawatts (GW) of capacity was added across the European Union (EU) – 3 percent less than installations in 2015 – with Germany installing 44 ...

Read More »

Euro, European bonds unnerved by French political jitters

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, February 1, 2017. REUTERS/Staff/Remote

European financial markets struggled with growing economic and political concerns on Tuesday as the euro neared its biggest fall this year and bond yield spreads over Germany reaching the widest in several years. The dollar sped higher toward its biggest gain in a month against a basket of major currencies after jumping against the offshore Chinese yuan on the fall ...

Read More »

UK economy to slow down this year and next, says think tank


The UK economy may slow down in the next couple of years, even while the world economy picks up, a report says. The National Institute of Economic and Social Research (NIESR) revised up its forecasts for UK growth to 1.7% this year and 1.9% in 2018. However, both would still be a slowdown from the growth rate of 2% recorded ...

Read More »

Germany is the top destination for companies relocating due to Brexit: EY


Global investors with operations in the U.K. looking to relocate have identified Germany as the top destination following Britain’s decision to leave the European Union, according to the latest EY study. Brexit has caused global investors to reassess their assets in the U.K., with 14 percent of foreign investors with a presence in the U.K. saying they now plan to ...

Read More »

Deutsche Bank fined $204 million by British regulator FCA for serious anti-money laundering control failings


The German lender Deutsche Bank has received a new $204 million fine for inadequate anti-money laundering controls. The British regulator Financial Conduct Authority (FCA) said Tuesday morning that Deutsche Bank exposed the U.K.’s financial system to the risks of financial crime between January 2012 and December 2015. According to the FCA, Deutsche Bank failed “to properly oversee the formation of ...

Read More »

Oil rises on dollar weakness, but ample supplies cap gains

FILE PHOTO: A worker walks atop a tanker wagon to check the freight level at an oil terminal on the outskirts of Kolkata, India November 27, 2013. REUTERS/Rupak De Chowdhuri/File Photo - RTSXE0K

Oil prices rose on Thursday, driven up by a weakening dollar, though gains were capped by plentiful supplies and bulging inventories despite efforts by OPEC and other producers to cut output to prop up the market. Benchmark Brent crude was up 50 cents a barrel at $55.58 by 0900 GMT. U.S. light crude was up 40 cents at $53.15. Traders ...

Read More »

European stocks hit three-week low as Trump reality sets in

People walk through the lobby of the London Stock Exchange in London, Britain August 25, 2015.  REUTERS/Suzanne Plunkett/File photo

European stocks and bond yields dropped on Monday and the dollar hit a six-week low after U.S. President Donald Trump began his term in office with a protectionist speech that pushed a nervous market into safe-haven assets. World stocks hit multi-year highs earlier this month on expectations Trump would boost growth and inflation with extraordinary fiscal spending measures. However, his ...

Read More »

European Stocks Steady as Banks Advance Ahead of ECB Meeting


European stock benchmarks were little changed as investors awaited the European Central Bank’s policy meeting, when they’ll look for clues as to when the institution may begin curtailing its stimulus measures. The Stoxx Europe 600 Index rose fractionally to 363.1 at 08:14 a.m., with the banking sector climbing 0.6 percent. The Stoxx 600 has been moving sideways since the start ...

Read More »

U.K.’s Hammond Says Confident Pound Will Find Appropriate Level


U.K. Chancellor of the Exchequer Philip Hammond said he’s confident the pound will find an “appropriate level” as Britain progresses with its plan to exit the European Union. While short-term movements in the currency “can be irritating at times,” the U.K. government has “a high degree of confidence in forex markets,”  Hammond said in an interview with Bloomberg Television’s Francine Lacqua ...

Read More »
Ghana Business News