Heads of State of the five East African Community partners yesterday signed the protocol on the establishment of the East African Common Market.

A former Finance Minister in the previous administration of the New Patriotic Party (NPP), Mr. Yaw Osafo-Maafo has lauded the National Democratic Congress (NDC) government's decision to re-introduce the duty tax on importation of rice and other staple foods into

Selling a home without a real estate agent can save thousands of dollars in commission fees, but it can also be a painstaking, confusing task. Foregoing an agent, however, is easier these days thanks to Web sites that help homeowners

The early indicators that Windows 7 is doing well seem to be piling up. CEO Steve Ballmer gave that perception a boost at the company's annual shareholders meeting on Thursday, announcing that Microsoft "has already sold twice as many units

Many companies would give up their right to right-click to be able to duplicate Apple's success with iTunes. However, only one actually has the pieces already in place to do that, and its executives announced their intentions Thursday to take

European Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle's planned US$7.4 billion takeover of Sun Microsystems. The European Commission said Oracle had asked for more time "in

UP TO five heavyweight private equity groups are believed to have placed bids for Matalan, the discount clothing chain.

A FURTHER 381 stores are to close at the troubled off-licence group First Quench, owner of the Threshers chain, triggering more than 1,900 job losses.

TESCO, Britain's biggest retailer, will initially focus on its most loyal shoppers as it seeks to build its new banking business.

Have you ever considered buying a car on eBay? It could well be the biggest purchase you ever make from the auction site, but there are bargains to be had there so you might want to think about it if

Financial market review - foreign exchange The pound has recorded a split performance this week. It fell against the low yielding currencies (Japanese yen, US dollar, euro and Swiss franc) and rose against the commodity currencies (Canadian, Australian and New

Economic Recovery: Different Pace, Different Shape The leading economic index signals modest growth will continue into next year. Yet, the pace of that growth is consistent with a below-average recovery compared to the first year of prior recoveries as well

The fourth quarter has gotten off to a slow start for the economy. Industrial production for October fell by 0.1% from September while housing starts fell by 10.6% over the same period. Given the strong growth in the industrial sector

There have been very few newsworthy events in today's session, and even the handful of scheduled speakers lined up had very little effect on FX markets. The only driver therefore has been the performance of global equity markets; and with

USD: Higher, investors are reducing risk exposure & deleveraging as equity markets trade lower JPY: Higher, Japan's economy is back in deflation, BOJ upgrades its assessment of Japan's economy EUR: Lower, Trichet says too early to say if the crisis

The USD/JPY hovered below our 1st tier uptrend line earlier today as we witness a broad-based selloff in riskier investment vehicles. Investors have indicated a preference for the Yen over the Dollar when heading for safety, meaning the USD/JPY could

The Cable is undergoing an intense pullback today, dropping beneath all of our previous uptrend lines along with 11/12 lows. The Pound is getting hit by a report from Nationwide and an analyst poll from Bloomberg implying Britian's housing recovery

The EUR/USD briefly traded beneath 11/17 lows before stabilizing as we witness a broad based strengthening of the Dollar in reaction to a dip in the S&P futures below their psychological 1100 level. The wave of disconcerting data points from

Year-end risk reduction helps drive yields lower At 0.69% the 2-year US bond yield is only 5bp from the low point during the crisis reached a year ago. 3-Month t-bill rates are again trading around 0%. Mainly two factors are

Previous session overview The dollar held on to its gains against the euro and other higher-yielding currencies Friday morning as revived concerns about how fast the global economy will rebound prompted investors to shun riskier assets. Declines in stocks, gold