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Daily News Feed – 31st January, 2017

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LOCAL NEWS

Airtel denies exit reports

Bharti Airtel has refuted media reports it may cease its operations in all 15 countries across Africa by end of the year.

The telecoms giant says it “remains committed to Africa and will continue to invest in its operations to grow.”

Ghana rakes in USD$114.4m from Oil by June, 2016

Figures published by the Bank of Ghana has shown that Ghana raked in a total of US114,400,610.40 in the first half of 2016 from the thirtieth, thirty first and thirty second crude oil liftings.

Non-Performing Loans to drop further in 2017

The Bank of Ghana is optimistic of a further drop in the Non-Performing Loans (NPLs) of commercial banks at least by the first quarter of this year.

GLOBAL NEWS

Deutsche Bank fined by regulators over money laundering claims

Deutsche Bank has been fined $630m (£504m) by US and UK regulators in connection with a Russian money laundering plan.

Under the scheme, clients illegally moved $10bn out of Russia via shares bought and sold through the bank’s Moscow, London and New York offices.

Donald Trump cuts regulations affecting businesses

President Donald Trump has signed an executive order designed to cut the number of regulations affecting US businesses.

It is just the latest in a flurry of decisions made by President Trump in his first few days in office.

He signed the order in front of a group of business people, saying it was aimed at “cutting regulations massively for small business”.

Asia targets tourism, education boost from Trump travel ban

Seeking to capitalise on U.S. President Donald Trump’s controversial new travel restrictions, companies and officials in Asia said they would target greater tourism and education ties with Muslims worried about the curbs.

U.S. President Trump poses grave risk to world trade -French Finance Minister

PARIS, Jan 31 U.S. President Donald Trump’s administration poses a grave risk to international trade and Europe will have to stand up to him to prevent the collapse of global economic institutions, French Finance Minister Michel Sapin said on Tuesday.

REUTERS AFRICAN MARKETS – FACTORS TO WATCH ON JAN 31

GLOBAL MARKETS

Asian shares slipped on Tuesday as stringent curbs on travel to the U.S.ordered by President Donald Trump brought home to investors that he is serious about putting his controversial campaign pledges into action.

WORLD OIL PRICES

Oil prices dipped on Tuesday as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in a move to prop up the market.

AFRICAN UNION ELECTION 

African Union leaders chose Chad’s candidate to chair the 54-nation body on Monday at a summit where the divisive issues of Africa’s relationship to the International Criminal Court and Morocco’s readmission to the AU were on the agenda.

SOUTH AFRICA MARKETS

South Africa’s rand weakened on Monday, dragged lower by renewed speculation that President Jacob Zuma might reshuffle his cabinet, a move that could remove Pravin Gordhan as finance minister.

NIGERIA MARKETS

Nigeria has asked Goldman Sachs GS.N and Stanbic IBTC Bank IBTC.LG, the local unit of South Africa’s Standard Bank SBKJ.J, to advise it on the sale of a debut “diaspora bond” targeted at Nigerians living abroad, Stanbic said on Monday.

 

 

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