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U.S. bank failures reached 108 so far in 2010 on Friday as regulators seized five small banks in the Pacific Northwest and the Southeast, none publicly traded. Bank failures are expected to peak this quarter, with the industry slowly…

Iran's main economic partner China has invested around 40 billion dollars in the Islamic republic's oil and gas sector, a senior Iranian official said on Saturday. Deputy Oil Minister Hossein Noqrehkar Shirazi also said that Tehran's oil…

The U.K. pound scrambled to a five-month high Friday, bolstered by buying against the euro in unsettled market conditions. The yen advanced against the dollar and the euro as concerns about global growth remained a dominant theme, but it…

The House of Representatives on Friday approved the toughest reforms ever to offshore energy drilling practices, as Democrats narrowly pushed through an election-year response to BP's massive oil spill in the Gulf of Mexico. Passing the…

U.S. economic growth slowed sharply in the spring, stoking concerns about a weak job market, a drawn-out struggle for the unemployed and growing financial pressures on millions of American families. The nation's gross domestic product grew…

Twenty-one years ago, Li Lu was a student leader of the Tiananmen Square protests. Now a hedge-fund manager, he is in line to become a successor to Warren Buffett at Berkshire Hathaway Inc. Mr. Li, 44 years old, has emerged as a leading…

The Ghanaian-Belgian man who died in Japan last Sunday shortly after arriving from Ghana is suspected to have died from drug overdose, the AFP reports, citing an unnamed diplomatic source. The AFP suggests that the man, 55-year-old Kwadwo…

A five-member committee that investigated the oil spillage at Kosmos Drilling Fields in West Cape Three Points in the Western Region has recommended that the management paid some money to the Government. Dr. Edward Kofi Omane Boamah,…

The Ghana Stock Exchange (GSE) All-Share Index, the main market indicator, went up by 2.07 points from 6,386.52 points to 6,388.59 points during Wednesday’s trading on the Accra bourse. The rise was the fourth in succession. The Change…

MTN, a major telecommunication Operator, on Thursday presented a cheque for GH¢30,114.08 towards the refurbishment of the Ghana News Agency (GNA) newsroom to boost the morale of journalists to serve the nation’s information needs. This…