Tanzania to issue $500m eurobond

Tanzania has revived its plans to issue its first eurobond, worth $500 million, in 2010 to finance infrastructure projects in east Africa's second largest economy, Finance Minister Mustafa Mkulo said late on Wednesday. Tanzania, whose…

Obama pledges $30b for small businesses

US President Barack Obama has said that 30 billion dollars from a Wall Street bailout fund would be used to help small businesses still reeling from financial crisis. "I'm proposing that we take 30 billion dollars of the money Wall Street…

Apple introduces iPad

Apple CEO Steve Jobs unveiled the company's much-anticipated iPad tablet computer Wednesday, calling it a new third category of mobile device that is neither smart phone nor laptop, but something in between. The iPad will start at $499, a…

Obama: I don't quit

Declaring "I don't quit," President Barack Obama fought to recharge his embattled presidency with a State of the Union vow to get jobless millions back to work and stand on the side of Americans angry at Wall Street greed and Washington…

Bank of Ghana to cut prime rate further

The Bank of Ghana will cut its prime rate further this year, the Reuters have reported citing a Finance Ministry statement. The prime rate is currently pegged at 18%. The Ghanaian business community and industry have been arguing for a…