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Ghana banks pulling brakes on lending

Bloomberg A reluctance by banks in Ghana to lend is threatening to stall one of Africa’s fastest expanding economies. With almost a quarter of all outstanding loans in the country at risk of not being repaid, credit granted to the private sector is increasing at nearly the slowest pace in four years. At stake is the 6.8 percent growth that ...

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Pakistan adds red tape to access dollars as reserves drop

Bloomberg Pakistan’s central bank has increased the amount of red tape needed to access dollars, according to people with knowledge of the matter, as the nation’s foreign-exchange reserves drop at the fastest pace in Asia. The State Bank of Pakistan has told banks after a currency devaluation last month that importers will need to inform the regulator of any requests ...

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Bombardier flying high on Airbus deal, luxury aircraft

Bloomberg Bombardier Inc. is flying high — and analysts from Goldman Sachs Group Inc. to AltaCorp Capital Inc. say the rally has plenty of room to continue. The Canadian planemaker is heading for its biggest annual stock gain in almost three decades, only two years after its shares dipped below C$1. The private-jet market is rebounding just in time for ...

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