Finance news

• Ghana's president promises return to prosperity as he kicks off re-election campaign

  14-08-2016 22:54 via news.yahoo.com
  
  By Kwasi Kpodo Cape Coast, GHANA (Reuters) - Ghana's President John Mahama told supporters the country was overcoming its economic problems and promised a return to prosperity as he launched his campaign on Sunday ahead of what is expected to be a close-run election. Ghana was one of Africa's fastest-growing economies at the beginning of the decade thanks to exports of gold, cocoa and oil. The economic problems have weakened the standing of Mahama, who will seek a second term in a presidential e
  
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• Nissan revolution: could new petrol engine make diesel obsolete?

  14-08-2016 22:22 via news.yahoo.com
  
  By Norihiko Shirouzu ATSUGI, Japan (Reuters) - Japanese automaker Nissan Motor Co has come up with a new type of gasoline engine it says may make some of today's advanced diesel engines obsolete. The new engine uses variable compression technology, which Nissan engineers say allows it at any given moment to choose an optimal compression ratio for combustion - a key factor in the trade-off between power and efficiency in all gasoline-fuelled engines. The technology gives the new engine the perfor
  
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• Zambia's Lungu keeps slim lead with half of votes counted

  14-08-2016 15:24 via news.yahoo.com
  
  Zambian President Edgar Lungu maintained a slim lead over his main rival on Sunday with nearly half of votes counted as the opposition called for greater urgency in releasing results amid concerns about rigging. Lungu faces a stiff challenge from Hakainde Hichilema of the United Party for National Development (UPND) who accuses him of failing to steer the economy out of its slump after Africa's second-largest copper producer was hit by weak commodity prices. Lungu led with 669,960 votes against
  
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• Planning the Purge: What Will the GOP Look Like After Trump?

  14-08-2016 14:00 via news.yahoo.com
  
  As the likelihood that Donald Trump will lose the presidential election increases, Republicans are wondering about the party’s future direction -- both for the three months between now and Election Day and for the years ahead, when the focus may be on repairing the damage a divisive and inexperienced candidate has done to the party’s brand. While the outcome of the election is still uncertain, dozens of senior figures in the Republican Party are so convinced that Trump is going to lo
  
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• Europe's boutique firms stealing M&A market share, dealmakers, data shows

  14-08-2016 09:45
  
  LONDON (Reuters) - Boutique advisory firms now receive nearly half of all mergers and acquisition fees in Europe, stealing market share and top dealmakers from global investment banks hamstrung by a...
  
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• Strife-torn Libya struggles to ramp up oil exports

  14-08-2016 08:05 via news.yahoo.com
  
  Jihadist attacks and political struggles are thwarting attempts by Libya's unity government to revive an oil industry seen as vital for the economy of the impoverished North African country. Five years since the fall of dictator Moamer Kadhafi, Libya's rival governments and militias are in a bitter struggle for control of crude exports. The political turmoil, coupled with Islamic State (IS) group attacks on oil facilities, has brought shipments to a near-standstill.
  
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• Monetary policy only offers short-term balm for UK - BOE's Haldane

  14-08-2016 01:39 via news.yahoo.com
  
  Monetary policy can only offer a "short-term balm" for the uncertainty facing Britain's economy in light of the vote to leave the European Union, the Bank of England's chief economist said on Sunday. Andy Haldane said the Monetary Policy Committee was under no illusions that it could fully insulate Britain from the long-term effects of June's Brexit vote, in an opinion piece published by the Times newspaper. "This is a structural shift in the UK's economic and trading regime, whereas monetary po
  
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