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The Federal Reserve officials on Tuesday fought back against a stream of criticism over its $600 billion economic stimulus, arguing it was necessary to shore up the fragile recovery. The Fed's effort to pump money into the financial system…

China's premier says Beijing is preparing measures to rein in double-digit rises in food prices that communist leaders worry might spark unrest. Premier Wen Jiabao, the country's top economic official, said the Cabinet is "drafting…

Worries about Europe’s debt crisis and possible moves by the authorities in Asia to slow fast-paced growth there swept the world’s markets on Tuesday and pushed stocks in the United States sharply lower. As finance ministers from the 16…

Swiss pharmaceutical giant Roche on Wednesday announced it was shedding 4,800 jobs worldwide as part of a cost-cutting programme, amounting to around six percent of its workforce. As well as the job losses, it said it was transferring…

Asian stock markets retreated Wednesday, extending a global sell-off triggered by Europe's simmering debt crisis and expectations China will raise interest rates again to tame inflation. Sentiment was cautious as an anxiously awaited…

A rare pink diamond smashed the world record for a jewel at auction Tuesday, selling for more than $46 million to a well-known gem dealer. London jeweler Laurence Graff paid $46,158,674, for the 24.78-carat "fancy intense pink" diamond,…

Three out of five traditional areas forming the Biakoye District, have threatened to boycott the December District Level Election if government fails to site a capital for the district. The traditional areas are Apisokubi, Tapa and Bowiri.…

Dr Stephen Opuni, Chief Executive Officer of Food and Drugs Board, (FBD) on Tuesday said it is unfortunate Ghana is still struggling  with product quality, expertise and knowledge in current food safety management systems. Like other…

The United Nations Population Fund (UNFPA), has launch this year's edition of the State of the World's Population Report to guide policy makers and researchers to institute measures to prevent conflicts and enhance development. The report…

Deputy Finance Minister, Mr Seth Tepker, has launched Ghana Extractive Industries Transparency Initiative (GHEITI) audits reports covering 2006-2008 with a call on stakeholders to use the information to police the exploitation of natural…