Pulse Business Wrap Moody’s warns of oilfield, drilling slump

In a new report, "Depressed Energy Prices Continue Major Shake-Up in OFS Industry," Moody’s investor services say  global oilfield services and drilling (OFS) industry continues to endure a severe downturn as depressed energy prices prolongs reduced spending by exploration and production (E&P) companies.

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Moody’s warns of oilfield, drilling slump

Moody's rating agency has warned of slump in the global oilfield services and drilling industry after it maintain a negative outlook for the sector.

In a new report, "Depressed Energy Prices Continue Major Shake-Up in OFS Industry," Moody’s investor services say  global oilfield services and drilling (OFS) industry continues to endure a severe downturn as depressed energy prices prolongs reduced spending by exploration and production (E&P) companies.

 

Policy to tackle lending rate to be presented to cabinet for consideration

The Minister of Trade and Industry, Dr Ekow Spio Garbrah, has disclosed that a document proposing how to reduce the country's high lending rate will be presented to cabinet this week for consideration.

The document, according to the minister, was created by some top 15 experts, and it proposes ways to control the country's interest rate among others.

 

We go to the currency market now where

Currency                      Buying                         Selling

Dollar                            3.80                             4.10

Pound Sterling             5.48                              5.78

Euro                             4.28                              4.58

 

On how your stocks performed on the GSE Index today

Ghana Commercial Bank were the biggest gainers of the day, gaining 5p to close at 3.05p.

There were no losers for the day.

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