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IMFC pledges to help low-income countries fight COVID-19 outbreak

The International Monetary and Financial Committee (IMFC), the policy-setting body of the International Monetary Fund (IMF), on Friday pledged to help emerging market and...
World Bank

Emerging, developing economies’ growth to pick up to 4.1% in 2020.

...But rebound is not broad-based Global economic growth is forecast to edge up to 2.5% in 2020 as investment and trade gradually recover from last...
real estate

Ghana Stands As West Africa’s Leader in Real Estate Investment

Calvin Kwadwo Bediako, CEO of the Canal Group, who has pioneered work and advised extensively in the emerging markets for more than 15 years...
Emerging Market

World Economy Show Signs Of Mild Recovery

On 5 September 2017, the Dialogue of Emerging Market and Developing Countries took place on the margins of the BRICS Xiamen Summit. It was...
World Bank

2016 World Bank Global Growth Forecast Reduced

This is due to sluggish growth in advanced economies, low commodity prices, weak global trade, and diminishing capital flows. According to the latest update of...
Photo taken on July 16, 2015 shows 1,000 Cedi notes and a Huawei Mobile phone P7 worthy of 1,000 Cedi in Accra, Ghana, July 16, 2015. Sub-Sahara African currencies have in recent months come under significant pressure. (Xinhua/Lin Xiaowei)

Ghana cedi drops on the currency market

As a result the local currency trimmed 0.45 per cent to settle at GH¢3.85 per dollar. The local currency also closed in the red...
Undeclared cash is seen as a major hurdle to India's economic growth?

‘Black money’ details being sought from Switzerland

India has said it is writing to the Swiss authorities, seeking details of Indians who have parked untaxed wealth in Swiss banks. Finance Minister Arun...
BP chief executive Bob Dudley

?11.8bn gas deal to be signed between BP and China?s CNOOC

BP is to sign a deal with China National Offshore Oil Corporation worth about $20bn (?11.8bn). The oil giant will supply its Chinese peer with...
Disgraced politician Bo Xilai sent his own son to school in Britain

China officials accused of having spouses abroad

An investigation in China has revealed that more than 1,000 officials in the southern province of Guangdong have spouses or children living abroad. China's communist...
The Chamber of Commerce's head, Thomas Donohue (left), visited a private-run garage in Cuba ?

American trade delegation tour Cuba

A delegation from the American Chamber of Commerce has begun its first visit to Cuba in 15 years. Chamber president Thomas Donohue said he was...
Eric Holder

Chinese arrested in USA for hacking

Attorney General Eric Holder: "This case should serve as a wake-up call to the seriousness of the ongoing cyber threat" The US has charged five...

Mexico to maintain the flexible credit line

Mexico hopes to hold onto a flexible credit line with the International Monetary Fund worth around $72 billion in order to help protect the...
Part of the stimulus effort will come from increasing construction of railways in China

China fears economic slowdown

China's government has acted for the first time this year to boost economic growth after a string of disappointing data led to fears of...
Huawei's growth has been helped by strong demand for smartphones in ChinaHuawei's growth has been helped by strong demand for smartphones in China

Huawei net profit for 2013 was $3.38bn

Chinese telecoms equipment maker Huawei has reported a 34% increase in annual profits, its fastest growth in profits for four years. Net profit for 2013...
Protesters have marched against public bus fare increases in Brazil

Brazil’s economy in a surprise growth rate of 0.7%

Brazil's economy unexpectedly notched up a growth rate of 0.7% in the last quarter of last year. Finance Minister Guido Mantega told reporters: "It was...
Wpid Iran Bank

Iranian Private Bank Sues UK Government For $4bn

Bank Mellat, Iran?s largest private bank, is suing the UK government for $4bn (?2.4bn) in damages after the Supreme Court quashed sanctions against it. The...
Importers And Exporters

China?s imports rose by 10% from a year earlier

Shanghai is the world's biggest port based on cargo shipments China's trade surplus jumped to $31.9bn (?19.4bn) in January, easing concerns the world's second-largest economy...
Indias Manufacturing Sector

India lowers inflation with high interest rates

India's central bank has unexpectedly raised interest rates in an attempt to rein in stubbornly high consumer prices in a crucial election year. The Reserve...

Burberry said growth was increasingly coming from online shopping

Burberry, the UK luxury fashion brand, has reported a strong rise in sales over the Christmas period. Revenue rose 14% to ?528m ($866m; 635m euros)...

Indonesia is one of the world’s biggest producers of raw minerals

Indonesia has pushed through a hotly-contested ban on raw minerals exports after making last-minute concessions for the country's two biggest miners. US mining giants Freeport-McMoRan...

India?s growth in exports slowed in December

India's growth in exports slowed in December for the second straight month as shipments of petroleum products fell, signaling the local economy may find...

India?s new business is gold in return for money

India's central bank has increased the amount that finance companies can lend in return for gold deposits. Under the new rules, non-banking finance companies (NBFCs)...

There have been concerns over the rising levels of bad debt at Chinese banks

China's major banks have been asked to publish data on 12 key indicators, including off balance sheet assets, to enhance their transparency. Banks with total...
Economy To Boost Growth

China to seeks to give full access to foreign investors

China will open up some telecom and internet services to foreign ownership. Five areas, including call centres and home internet access, will be open to...

HTC Slumps Further Down In Profits

Taiwanese mobile phone maker HTC has reported worse-than-expected profits, as it continues to lose ground to its main rivals. HTC said that its net profit...
China Money

China looks to loosen its grip on the financial sector

Up to five private banks will be created in China this year as it looks to open up the financial sector and raise competition...

Donkey meat recalled in China

Wal-Mart has recalled a donkey meat product in China after tests showed that it contained DNA of other animals. Wal-Mart says it will reimburse customers...

China’s government debt stands at 58%

China has local government debts of 17.7 trillion yuan ($2.9tn), up 70% from three years ago, according to an official report. China's government asked the...

Cuba’s SMEs Can Now Easily Access Loans

The Cuban government has eased restrictions on loans to private borrowers in the latest measure aimed at boosting the island's troubled economy. Individuals and small...

Volkswagen poised to take over GM market in China

Volkswagen AG?is poised to sell more vehicles in China than?General Motors Co. (GM)?for the first time in nine years, regaining its place as the...