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Oil rebounded towards $61 a barrel on Thursday, correcting from a seven-week low hit on bearish oil data that outlined continued weak demand amid growing concerns about the pace of economic recovery. A larger-than-expected rise of 3.7…

U.S. President Barack Obama said African leaders should take responsibility for a lack of economic progress, adding that “excuses” about neo-colonialism had hindered progress on the world’s poorest continent. The U.S. and Western nations…

For years it was the talk of the wireless industry: beaming television to the world's four billion cellphones would be the icon of the digital age. Now, just three letters are hastening the demise of that vision. App. Short for…

Most Asian stocks fell, led by Japanese exporters, on concern a strengthening yen will hurt the value of overseas sales. Mining stocks gained after Alcoa Inc. reported a smaller-than-estimated loss. Honda Motor Co., which makes 51 percent…

China’s passenger-vehicle sales rose 48 percent in June, the biggest jump since February 2006, as government stimulus spending spurred a revival in the world’s third-largest economy. Chinese motorists bought 872,900 cars, sport-utility…

The International Monetary Fund’s board of directors will probably meet on July 15 to discuss Ghana’s request for about $1 billion in loans, Deputy Finance Minister Seth Terkper said today. “We are waiting for the fund management and board…

Tullow Oil is making progress with its oil and gas exploration project in Ghana. The UK-based oil and gas company says the phase one of the Jubilee oil field Plan of Development has been finalized with the government of Ghana awaiting…

An Accra Circuit Court on Tuesday nearly handed down custodial sentences to two students who were found guilty of engaging in internet fraud. But following a plea of mitigation put in by their lawyers, they were sentenced to a fine of…

Ministers of the three Northern Regions have appealed to the country’s development partners to assist in the development of irrigation facilities in the area to ensure all year round food production. The Ministers observed that although…

The United States African Development Foundation (USADF), has signed an agreement for a grant to support Pig Farmers and Processors Association in Ejisu Juaben District in the Ashanti Region. A Statement issued by the Foundation to the GNA…