GHANA

220 kg block of gold

Ghana in Talks with Gold Miners over More Taxes

Ghana is in talks with gold miners in the country, Africa's second-biggest producer, over additional taxes so as to benefit from the soaring price of the precious metal, the government said on Tuesday.

Nobel Peace Prize 2011 Winners: 5 Things to Know

Peace Prize
The 2011 Nobel Peace Prize was awarded to three women on Friday for their collective nonviolent struggle for the safety of women and for women's rights to full participation in peace-building work.

Ghana oil target likely delayed again: GNPC

Ghana is likely to miss its target of boosting oil production to 120,000 barrels per day by the end of the year due to technical challenges, the head of state oil company GNPC said on Thursday, marking a second delay.
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Banro to Start Gold Production in Congo on Oct. 10

Canadian gold mining company Banro will start producing gold at its Democratic Republic of Congo mine on Oct. 10, ramping up output to 120,000 ounces per year by January, the company said on Wednesday.
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UBS trader faces new charge, makes no bail request

UBS trader Kweku Adoboli faced a new fraud charge when he made a brief court appearance in London on Thursday for a hearing over alleged unauthorized trading which the Swiss bank has said cost it $2.3 billion.
UBS $2 billion rogue trade suspect held in London

UBS Trader on Facebook: 'Can We Shut Down Global Markets So Everyone Can Just Chill?'

UBS, it appears, had no idea that accused rogue trader Kweku Adoboli might be messing around with unauthorized risks in its London office, losing $2 billion. It's shocking that $2 billion could slip away so easily, but that's apparently what happened. The bank's analytics simply never caught on, and by now, you know what happened from there -- $2 billion is gone, and the 31-year-old Adoboli has been arrested by London police and charged with three counts while UBS, the Swiss bank with ...
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Court orders UBS trader to be held until next week

A tearful Kweku Adoboli appeared in a London court on Friday charged with fraud after Swiss bank UBS said it had lost about $2 billion in unauthorized trades. The court ordered him to be detained until a further hearing next week.
Kweku Adoboli

Kweku Adoboli: 'I Need a Miracle,' Appearing in London Court Friday

Kweku Adoboli has been charged with fraud and false accounting by London police in connection with unauthorized trades at UBS that caused the bank a $2 billion loss. Adoboli has also reportedly admitted to the bank he caused the losses. His father, a retired United Nations employee living in Ghana, said his son made a mistake.
Kweku Adoboli

UBS Arrested Trader Kweku Adoboli 'Worked Hard,' 'Played Hard' Colleague Says

Colleagues at UBS called Kweku Adoboli, the trader arrested in connected with a $2 billion loss due to unauthorized trading at the bank, up and coming and someone who worked hard...played quite hard too. Adoboli, 31, was arrested on Thursday by London police on suspicion of fraud by abuse of position and being held in custody at Bishopsgate police station. A graduate of Nottingham University who was born in Ghana, Adoboli studied computer science in college and went to work at UB...
Kweku Adoboli

Facebook Friend Risk: The Kweku Adoboli Dilemma

When a name like Kweku Adoboli instantly becomes public, like the UBS trader who allegedly lost the bank $2 billion in unauthorized transactions and who is suddenly a globally hot Internet search item, many turn to the most public source available -- Facebook, the world's largest social network.
Kweku Adoboli

Kweku Adoboli: UBS Rogue Trader Reportedly Loses $2 Billion

UBS has 65,000 employees. The Swiss bank has global operations, serving approximately 50 countries. The company has been around for nearly 150 years. But one rogue trader -- reportedly a 31-year-old living and working in London -- has apparently brought the company to its knees in embarrassment and financial loss.
The Valero St. Charles oil refinery

Ghana Tema refinery shuts unit, runs out of crude

Ghana's 45,000 barrel-per-day state-run Tema oil refinery shut its main crude distillation unit on August 28 after running out of feedstock, two sources with knowledge of the plant's operations told Reuters on Monday.

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