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Economy News

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Ghana's consumer inflation rises to 19.0 pct in Jan ACCRA (Reuters) - Ghana's annual consumer price inflation rose to 19.0 percent in January from 17.7 percent the month before, the statistics office said on Wednesday. The West African nation is implementing a three-year aid programme with the Interna
Yahoo! News | Feb 10, 2016 11:03 AM [GMT] | comment? | recommend
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Zambia planning to add 1,500 MW to national grid by 2020 CAPE TOWN (Reuters) - Zambia will add 1,500 megawatts to its power grid by 2020 in a bid to ease power shortages that have hobbled the copper-producer's economy, mining minister Christopher Yaluma said on Wednesday. (Reporting by Olivia Kumwenda-Mtam
Yahoo! News | Feb 10, 2016 09:14 AM [GMT] | comment? | recommend
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Tunisia's annual inflation rate falls in January to 3.5 pct TUNIS (Reuters) - Tunisia's annual inflation rate fell in January to 3.5 percent from 4.1 percent in December, official data showed on Wednesday. Tunisia's central bank in October cut its main interest rate to 4.25 percent from 4.75 percent to b
Yahoo! News | Feb 10, 2016 09:12 AM [GMT] | comment? | recommend
Uganda's central bank cuts 2015/16 growth projection again By Elias Biryabarema KAMPALA (Reuters) - Uganda's central bank has cut its 2015/2016 (Jul-Jun) economic growth projection for the second time, with output seen further curbed by weak export markets and a tight policy environment, the bank's governor said
Yahoo! News | Feb 10, 2016 08:40 AM [GMT] | comment? | recommend
10 Steps To Take When Stocks Plunge By now, many of us are experiencing a range of emotions regarding the ongoing sell-off in global stock markets. Only in rare cases does it make sense to panic and get rid of your holdings. Using my own ...
Yahoo! News | Feb 10, 2016 08:00 AM [GMT] | comment? | recommend
Nikkei tumbles to lowest since October 2014 as bank concerns intensify Japan's Nikkei share average closed at its lowest level since October 2014 on Wednesday as worries about the health of global banks and economic growth intensified. After a tumultuous start to the week, markets looked to Federal Reserve Chair Janet Yellen
Yahoo! News | Feb 10, 2016 06:49 AM [GMT] | comment? | recommend
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Asia stocks down for 3rd day, Yellen testimony awaited Asian stock markets fell for a third consecutive day Wednesday, beset by nerves about shaky global growth, falling oil prices and possible capital shortfalls at major European banks.
Yahoo! News | Feb 10, 2016 06:21 AM [GMT] | comment? | recommend
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Yen surges as global market rout extends ahead of Yellen testimony The Japanese yen extended gains against the dollar and the euro on Wednesday as nervous investors fled to safe investments with equity markets plunging on concerns about the global economy. With volatility returning to bourses around the world, attention
Yahoo! News | Feb 10, 2016 05:32 AM [GMT] | comment? | recommend
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Tokyo stocks plunge more than 3% in afternoon trade Tokyo stocks plunged more than three percent in afternoon trading on Wednesday, as fears of a global recession hammered investor confidence ahead of testimony by the head of the US central bank. "We'll continue to see volatility," Chihiro O
Yahoo! News | Feb 10, 2016 05:20 AM [GMT] | comment? | recommend
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Asian markets extend rout as volatility returns Asian stock markets took another battering Wednesday, with Tokyo leading another day of sharp losses as investors grow increasingly worried about the world economy and the possibility of a global recession. As more bourses reopened after the Lunar New Yea
Yahoo! News | Feb 10, 2016 02:58 AM [GMT] | comment? | recommend