first_imgWednesday 1 September 2010 8:21 pm Show Comments ▼ KCS-content whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share GENERAL?ELECTRIC could spend up to $30bn (£19bn) on acquisitions over the next two to three years while continuing to raise its dividend and buy back shares, a top official said yesterday.But John Rice, a vice chairman of the largest US conglomerate, cautioned that “$30bn-ish” figure is not a commitment to spending.“That doesn’t mean that we’ll spend that money; it doesn’t mean that we won’t do more with the dividend or with the buyback,” Rice, who heads the company’s technology infrastructure unit, told investors.“If we were to conclude that there aren’t the deals out there that make sense, we might do less than that. We’re not going to chase bad deals just so that we can say we spent ‘X’ billion on M&A,” he said.Executives at GE, who spent much of the past few years jealously guarding the company’s cash as it rode out a brutal downturn that shook its hefty finance arm, have changed their tone since the company broke a nine-quarter streak of profit declines in the second quarter.The world’s largest maker of jet engines and electric turbines said in July that it would raise its dividend — which it had slashed during the recession — by 20 per cent starting in the third quarter, a move that came earlier than Wall Street had expected.It also said it would resume buying back its shares, a practice it had suspended in September 2008. The board has authorised it to buy back up to $11.6bn in shares. whatsapp GE talks up $30bn war chest Tags: NULLlast_img read more

first_imgNewGold Issuer Limited (GLD.gh) listed on the Ghana Stock Exchange under the Investment sector has released it’s 2020 interim results for the first quarter.For more information about NewGold Issuer Limited (GLD.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the NewGold Issuer Limited (GLD.gh) company page on AfricanFinancials.Document: NewGold Issuer Limited (GLD.gh)  2020 interim results for the first quarter.Company ProfileNewGold Issuer Limited is an investment holding company managing NewGold Exchange Traded Fund which is a Sharia-compliant exchange traded fund (ETF) launched by ABSA Capital. The fund allows institutional and retail investors the opportunity to invest in commodity markets and gold bullion. The company offers a service which tracks the gold spot price. Debentures are fully-backed by physical gold bullion with each debenture equivalent to approximately 1.100th of a fine troy ounce of gold bullion which is held with a secure depository on behalf on investors at an annual fee of 0.4% of its value. They are easily obtained through member stockbrokers in the relevant jurisdiction, through the Absa internet banking portal and in South Africa through the Investment Plan administered by Absa Investment Management Services (AIMS). NewGold Exchange Traded Fund was launched in 2004 and is domiciled in South Africa. At the time of its launch, it was the third commodity EFT in the world and, until recently, the only commodity EFT listed on the Johannesburg Stock Exchange (JSE). It has secondary listings on stock exchanges in Botswana, Nigeria, Mauritius, Namibia and Ghana. NewGold Issuer Limited is listed on the Ghana Stock Exchangelast_img read more