Bloomberg Ghana’s main opposition leader is planning a legal challenge to his presidential election defeat. John Dramani Mahama will file a petition to the nation’s supreme court on December 29 seeking a recount, a member of his legal team said by phone. Mahama, the National Democratic Congress candidate, got 47.4% of the vote, compared with 51.6% for incumbent President Nana ...

Bloomberg Credit Suisse Group AG signalled that business continued a mixed performance in the fourth quarter and warned that reaching a profit target next year will depend on the impact of the pandemic. The investment bank “continues to perform well,” with revenue higher than in last year’s fourth quarter, Credit Suisse said in a statement, without providing more details. In ...

Bloomberg Australia’s prudential regulator has abolished its cap on bank dividend payments as the economic recovery takes hold, though urged lenders to ensure payouts are sustainable. From the start of 2021, banks will no longer be held to a minimum level of earnings retention, the Australian Prudential Regulation Authority said in a statement. In April, it had recommended lenders defer ...