INVESTMENT

Ghana cedi extends gains as miners sell dollars

cedi
The Ghana cedi continues to extend gains made late last week and could pursue the upward trend if the central bank and mining sector keep supplying the market with dollars, traders said.

Dubai firm plans $500 mln copper smelter in Tanzania

A security guard walks past a shipment of copper in a file photo.
Dubai-based City Energy & Infrastructure LLC plans to build a copper smelter and sugar plant in Tanzania over the next three years at a total investment of $500 million, a senior company official said on Monday.
News Corp Faces Two-Front Piracy Accusations in Australia, UK

James Murdoch to Reappear Before Parliament

James Murdoch will appear before the British parliament once again on Nov. 10 to discuss the News of the World phone-hacking scandal, the Media, Culture and Sport Committee announced Monday.
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(L to R) European Commission President Jose Manuel Barroso (L), Germany's Chancellor Angela Merkel (C) and European Central Bank President Jean-Claude Trichet (R)

China Pushes EU to Reach Debt Deal Without Delay

China urged the European Union on Monday to deal with its debt crisis as soon as possible and prevent contagion from spreading, as the country's number four-ranked leader arrived for a visit of the continent, including Greece.
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China Urges EU to Reach Debt Deal Without Delay

China urged the European Union on Monday to deal with its debt crisis as soon as possible and prevent contagion from spreading, as the country's number four-ranked leader arrived for a visit of the continent, including Greece.
Obama Jobs Bill

Obama Student Loan Initiative Comes With Risk

Consider that higher education isn't the ticket to a guaranteed job like it once was. Consider also that education costs have been rising far above and beyond core economic inflation, making it arguably less valuable. Consider also that student loans are the one debt that Americans can't get out of.
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Google, PE firms mull bid for Yahoo: report

Google Inc has spoken to at least two private equity firms about possibly helping them finance a deal to buy Yahoo Inc's core business, The Wall Street Journal reported on Saturday, citing a person familiar with the matter.
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KKR bets on China slowdown, expands debt unit to HK: report

Kohlberg Kravis Roberts is placing an early bet on a slowdown in the Chinese economy and plans to expand into Hong Kong in the next six to nine months with its $2 billion special situations unit, the Financial Times reported on Friday.
Tata Motors sales up 31 pct in December

Tata, Woolworths End 5-Year Partnership - Report

Tata Group has not renewed a five-year agreement with Australia's largest retailer Woolworths for retailing consumer electronics in India, the Economic Times reported on Monday, quoting unnamed persons close to the development.
Michael Woodford, the former chief executive of Olympus Corp, poses for a photograph in London

Olympus Stock Sinks Further After Report of FBI Probe

The U.S. Federal Bureau of Investigation is probing the massive advisory fee paid by Japan's Olympus Corp. in its takeover of a British company, a media report said, as the firm's shares continued to slide over the scandal.
The logo of Swiss bank UBS on the roof of the company's headquarters is seen behind a road sign at the Paradeplatz square in Zurich

UBS to Target 10-15 Percent Return on Equity: Report

UBS may cut its return on equity target by 5 percentage points to a range between 10 and 15 percent at an investor day next month when the Swiss bank is expected to announce the shrinking of its investment bank.
Google Inc.

Google, PE Firms Mull Bid for Yahoo: WSJ

Google Inc has spoken to at least two private equity firms about possibly helping them finance a deal to buy Yahoo Inc's core business, The Wall Street Journal reported on Saturday, citing a person familiar with the matter.
IMF President Lagarde talks to Eurozone finance ministers during an eurozone finance ministers meeting in Brussels

Italy, Spain Under Pressure as EU Frames New Bank Deal

EU finance ministers outlined a deal on Saturday for recapitalizing European banks, and the leaders of Germany and France said they hoped for a breakthrough in tackling the Eurozone debt crisis at a summit on Wednesday.
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Google, PE firms mull bid for Yahoo

Google Inc has spoken to at least two private equity firms about possibly helping them finance a deal to buy Yahoo Inc's core business, The Wall Street Journal reported on Saturday, citing a person familiar with the matter.
Kenyan army officers take part in a parade during Kenya"s Mashujaa Day (Hero"s Day)

Kenya says Somalia rebels on the run

Kenya said Somalia's al Shabaab militants were on the run after it deployed more troops and struck rebel targets by air to secure its border from rebels Nairobi accuses of kidnapping foreigners on its soil.
Oil in Western North Dakota

Want to Double or Triple Your Paycheck? Move to Williston, N.D.

Williston, N.D., is booming. And it's all because of the oil. People are moving there in en masse. It is probably the one place in the nation where there are not enough empty homes to meet the new residents' demands. North Dakota has the lowest unemployment rate of the 50 states at 3.5 percent, and it can tout the fact that workers' salaries have doubled and tripled recently.

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