The completion date for the world's tallest tower has been pushed back to 2019, a Saudi Arabian billionaire said Thursday, almost six years after launching the record-breaking project. Jeddah Tower...
Three Chinese hackers have been ordered to pay $8.8m (£6.8m) over a multi-million dollar insider trading scam. The US Securities Exchange Commission (SEC) said Iat Hong, 26, Bo Zheng, 30, and Hung...
The Bank of Ghana (BoG) has cautioned the public against doing business with ponzi scheme, MMM. The caution comes after calls on the Central bank to halt the operation of the company following...
Alipay, the Chinese digital payment giant owned by ecommerce giant Alibaba, is expanding in the US. Customers will be able to use Alipay at about 4 million businesses after a deal was signed with...
The euro hit a six-month dollar high before falling back as markets reacted to Emmanuel Macron's victory in France's presidential election. The euro jumped to $1.1024 at one point before slipping...
The world's leading paintmaker AkzoNobel on Monday turned down a third revised offer bid from US-based rival PPG, saying it still undervalued the Dutch company. "The PPG proposal undervalues...
The oil price has fallen to a five-month low as investor concerns resurface about a worldwide glut. Brent crude dropped by more than $2 on Thursday to below $49 a barrel, hitting its lowest level...
The new management of the Social Security and National Insurance Trust (SSNIT), appears disinterested in a whopping GH¢477.3 million loan it granted to eight public and private institutions and...
The new management of the Social Security and National Insurance Trust (SSNIT), appears disinterested in a whopping GH¢477.3 million loan it granted to eight public and private institutions and...
Officials of the Department of Urban Roads, have started fixing the deep potholes that have developed on a part of the Kwame Nkrumah Circle interchange following a Citi News report. A report by Citi...
A clear theme running through the meetings was the need to protect the growth momentum The world’s economic leaders and stakeholders came together at the 2017 IMF and World Bank Spring Meetings...
Former President, John Agyekum Kufuor, has been appointed a Senior Grand Warden of the United Grand Lodge of England; UK Freemason Lodge. He was on Wednesday appointed by the United Grand Lodge of...
Asian markets took a step back Thursday after a four-day rally, tracking a weak lead from Wall Street, as traders assess the chances of Congress passing Donald Trump's massive tax cuts. As expected,...
Credit Suisse says it plans to raise 4bn Swiss francs (£3.14bn) from shareholders in an effort to strengthen its capital base. The Swiss lender put on hold a plan to sell shares in its domestic...
The Ministry of Finance, through the book building process, recently issued 7- and 15-year bonds at a coupon rate of 19.75%. The bonds were oversubscribed with international investment firm Franklin...
This week it was Bebe. Last month it was Staples. In February it was JCPenney. Stores are closing at an epic pace. In fact, the retail industry could suffer far more store closures this year than...
The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon's unpaid debts are just the tip of an iceberg that is already holding back the country's...
The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon's unpaid debts are just the tip of an iceberg that is already holding back the country's...
The bank was set up in 2012 to fund renewable energy projects The Green Investment Bank (GIB), set up by the UK government five years ago, has been sold to Macquarie Bank, with a value of £2.3bn....
The off-season is bringing no respite for the dysfunctional New York Knicks. The NBA Players Association has taken Knicks president Phil Jackson to task for telling reporters at a post-season press...
