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Citigroup Inc. has taken over debt-strapped EMI Group Ltd., closing a disastrous purchase of the music label by Guy Hands, founder of British private equity firm Terra Firma. The foreclosure by Citigroup, EMI's main lender, brings the…

Asian stocks jumped on Wednesday and the dollar sank as a surge in U.S. manufacturing and strong company earnings convinced investors to pile back into riskier assets despite turmoil in Egypt. Commodities prices remained firm, bolstering…

Bowing to anti-government protests inspired by a wave of unrest across the Arab world, King Abdullah II of Jordan dismissed Prime Minister Samir Rifai and his cabinet on Tuesday and ordered a new premier to carry out speedy political…

President Hosni Mubarak defied a quarter-million protesters demanding he step down immediately, announcing Tuesday he would serve out the last months of his term and "die on Egyptian soil." He promised not to seek re-election, but that…

BP said U.S. regulators were considering filing charges against it related to alleged manipulation of the gas market. "The U.S. Federal Energy Regulatory Commission (FERC) and the U.S. Commodity Futures Trading Commission (CFTC) are…

The number of people using mobile phones in Ghana has hit 75% of the country’s estimated 23 million population. According to statistics on the website of the industry regulator, the National Communications Authority (NCA), the total number…

A media study conducted by the Labour Research and Policy Institute of the Trades Union Congress (TUC) has revealed that nearly half of media workers in the country are paid less than GH¢200 a month. A report by the Daily Graphic citing…

Ghana Grid Company Limited (GRIDCo) announced on Monday that there would be disruption of power supply to consumers in Accra on specific days from February 5 to March 12. This is to enable the Company to add a new transmission line to the…

Mr. Eric Osei-Bonsu, Managing Director of ARB Apex Bank, at the weekend called on Rural Community Banks (RCBs) to be innovative in their operations by coming out with products that are satisfactory to clients. Mr Osei-Bonsu said this in a…

Minister of Trade and Industry Ms. Hannah Tetteh, has urged Metropolitan, Municipal and District Assemblies to go into Public-Private-Partnership ventures to acquire the needed investment to build modern market facilities in their…