A former Goldman Sachs Group Inc banker went on trial Tuesday for allegedly bribing government officials in Ghana to secure a lucrative power plant deal for a client. …
… ed Middle East spot crude prices to strengthen this week, with prompt-month prices now higher than those in future months, indicating tight supplies. “The next phase of Gulf flow recovery could be slower than the initial phase even after geopolitical de-escalation,” Goldman Sachs …
… Morgan has projected prices could average as high as US$6,000 per ounce by the end of 2026, while Goldman Sachs continues to forecast elevated prices amid ongoing reserve diversification, geopolitical risks and a gradual shift away from dollar-dominated reserve holdings. …
… Goldman Sachs has revised its fourth-quarter 2026 Brent forecast to US$80 per barrel and expects Persian Gulf crude exports to return to pre-war levels by end-July. …
… News of the preliminary agreement prompted investment banks, including Goldman Sachs, Morgan Stanley and Citi, to lower their oil price forecasts. …
… The underwriters, which included Goldman Sachs, Bank of America, and JPMorgan, exercised the option in full, purchasing an additional 83.3 million shares directly from the company to meet the huge demand. …
… President Donald Trump, though Tehran warned it would resume hostilities if Israel continued to hit Hezbollah in Lebanon. * Goldman Sachs said it expects the U.S. …
… The purchases included securities linked to companies such as Microsoft, Meta Platforms, Oracle, Broadcom, Bank of America , and Goldman Sachs, as well as trades in municipal bonds. …
FIFA president Gianni Infantino's senior adviser Carlos Cordeiro resigned after the Asian Football Confederation joined European and North/Central American bodies in opposing a plan to sell stakes in competitions to private investors. Cordeiro called the proposal "a bad deal for football" that would "mortgage football's future," and the AFC warned the plan lacks the broad consensus needed and risks undermining the unity of the FIFA World Cup.
FIFA president Gianni Infantino's senior adviser Carlos Cordeiro resigned after the Asian Football Confederation joined European and North/Central American bodies in opposing a plan to sell stakes in competitions to private investors. Cordeiro called the proposal "a bad deal for football" that would "mortgage football's future," and the AFC warned the plan lacks the broad consensus needed and risks undermining the unity of the FIFA World Cup.
Asante Berko, a former Goldman Sachs banker, went on trial in Brooklyn for allegedly paying more than US$1 million in bribes to Ghanaian government officials a decade ago to secure approval for a power plant project. Prosecutors say Berko hid the scheme from Goldman's compliance department and laundered the bribe money through US financial institutions; Goldman cooperated with investigators and was not accused of wrongdoing.
Nine of eleven vessels passing through the Strait of Hormuz on Tuesday were linked to Iranian trade, including oil tankers and cargo carriers exiting with Iranian exports, ahead of a U.S. naval blockade that took effect Wednesday.
Employment in restaurants, bars and hotels in the US fell by 61,000 jobs in June, disappointing analysts who expected the World Cup tournament (hosted jointly by the US, Canada and Mexico) to boost leisure and hospitality hiring. Overall US employment rose by only 57,000 in June, lower than expected, while the unemployment rate dipped to 4.2%.
The mining sector generated only GH¢2.91 million, or 0.09 percent of total value traded on the Ghana Stock Exchange between January and May 2026, despite record gold prices and favorable commodity market conditions. Only four mining-linked securities are listed on the GSE, all recording zero share-price appreciation during the period.
The spread between official and informal dollar rates in Ghana remains at 10.3–11.6 percent above the Bank of Ghana's interbank rate, with forex bureaus quoting GH¢12.35–GH¢12.50 per dollar compared to the official GH¢11.1986 rate. The persistent gap endures despite the cedi recording strong recent performance supported by improved foreign exchange liquidity and central bank interventions.
Brent crude fell 5.1% to $78.96 a barrel and U.S. WTI fell 5.8% to $76.05 on Tuesday, reaching their lowest levels since March, as details emerged of an interim deal to end the Middle East war and reopen the Strait of Hormuz, including an agreement allowing Iran to sell oil.
SpaceX raised $85.7bn in total when it listed on Nasdaq, exceeding initial IPO proceeds of $75bn after underwriters exercised a greenshoe clause to sell an additional $10bn of shares in response to strong investor demand.
Spot gold fell 0.2% to $4,319.98 per ounce on Tuesday for a third consecutive session, pressured by rising Treasury yields that increase the opportunity cost of holding bullion, while Middle East tensions and expectations of higher U.S. interest rates weighed on the market.
U.S. President Donald Trump disclosed at least $220 million in financial transactions involving major U.S. company securities in the first three months of 2026, according to ethics filings released by the U.S. Office of Government Ethics. Purchases included securities linked to Microsoft, Meta Platforms, Oracle, Broadcom, and other firms, with the cumulative value reported in broad ranges totaling between $220 million and around $750 million.
Gillian Darko, VP of Strategy at Yellow Card, was recognized at the Ghana Fintech Awards as a leading voice shaping the future of financial technology in Ghana. Her work involves driving strategic initiatives across markets and helping position digital assets within Africa's financial ecosystem.
As the US-Israel war in Iran drives up energy prices and disrupts shipping through the Strait of Hormuz, major oil and gas companies report record profits. BP's first-quarter profits more than doubled to $3.2 billion, Shell reported $6.92 billion in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4 billion, with European firms benefiting from volatile energy prices and trading operations.
Major oil and gas companies including BP, Shell, and TotalEnergies have reported record profits as conflict and Iran's closure of the Strait of Hormuz have driven up energy prices and volatility. BP's profits more than doubled to $3.2bn, Shell reported $6.92bn in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4bn.
Oil prices eased more than 1% on Tuesday after the U.S. Navy launched an operation to loosen Iran's closure of the Strait of Hormuz, with a U.S.-flagged vessel successfully exiting the Gulf with military escort. Brent crude fell to $113.22 per barrel and WTI crude to $104.40, though analysts cautioned the escorted passage remains a limited event rather than full reopening.
Iran has offered to end its military presence choking the Strait of Hormuz in exchange for a total lift of the U.S. naval blockade, regional officials said Monday. Foreign Minister Abbas Araghchi is in Russia meeting with President Vladimir Putin as part of intensified diplomatic efforts amid stalled peace talks with the United States and Israel.