Former UBS AG trader Kweku Adoboli, who is accused of unauthorized deals that cost the Swiss bank $2.3 billion, was refused bail by a London court on Friday less than an hour after regulators stepped up their probe into the scandal.
They had fled the recent civil war in Sri Lanka between Tamils and the Sinhalese.
At least 70 people were killed when riots broke out between soccer fans of rival Egyptian football teams in Port Said, Egypt on Wednesday. Hundreds were injured in the riots and there is uncertainty of how many fans were killed. Take a look at the most deadly incidents in football history.
The trial, which is likely to shine a searching light on the adequacy of the bank's management and risk controls, could land Adoboli with a maximum 10-year jail sentence if convicted of the two counts of fraud and two of false accounting.
Mali is seeking to raise the state share in mining projects to 25 percent from 20 percent in a proposed revision to the West African gold producer's mining law, a senior official at the state regulator told Reuters on Monday.
London's Southbank Centre is exhibiting some far-out coffins.
The top aftermarket NYSE gainers on Wednesday were: Radioshack Corp, Bridgepoint Education, Webster Financial, Kosmos Energy, Beam Inc, Chico's FAS, Joy Global, Seacor Holdings, Dana Holding and Saks Inc.
Africa-focused gold producer Goldplat has poured the first bar of gold from its Kilimapesa mine in Kenya, marking the beginning of production in the east African country's first gold project, the company said on Tuesday.
Most people commemorating Martin Luther King Jr. Day turn to his iconic I Have a Dream speech. But King gave another famous speech the night before he died, known as the Promised Land or Mountaintop speech. In it, he alluded to his imminent assassination and the legacy he would leave behind. Listen to the audio file, watch the video, and read the full text of Dr. King's final speech here.
Get a glimpse inside Romney's headquarters for the 2012 New Hampshire primary, and meet some of the volunteers who helped him get elected. Then, travel with IBTimes to the results party, where Romney's family greeted supporters and promised to turn the Granite State red. What drew New Hampshire to Romney? Why do voters believe he'll make the best president?
Arriving in Indonesia just a little over a decade ago, Belgium chocolatier Thierry Detournay was dismayed at the lack of quality chocolate on offer in the world's third-largest cocoa producer.
For most people, the holiday season is a time spent with family and friends, but for many it can be a time of intense loneliness. Scammers count on that.
A former UBS trader accused of carrying out a $2.3 billion rogue trading fraud that rocked the Swiss bank was given more time on Tuesday to consider his plea after changing his legal team.
A former UBS trader accused of unauthorized dealing that cost the Swiss bank $2.3 billion was expected to enter a plea for the first time on Tuesday in a case that led to the resignation of UBS's chief executive.
United could make a surprise comeback to this season’s Champions League.
Nigeria's bourse is to list its first exchange traded fund (ETF) on Monday, a South African gold-backed fund that will broaden the exchange's range of products beyond equities and bonds, the stock exchange said on Friday.
The occasional sheep seeks respite from a sun that has scorched rocks black in this semi-desert region that South Africa hopes will host the world's most powerful radio telescope.
People across the globe are increasingly concerned about unemployment according to a survey conducted by BBC World Service.
As people continue to migrate away from rural areas and into cities, cities that are growing to devour the land around it, the numbers of people living in slums, shanty towns and informal settlements are skyrocketing.
Tucked away in Ghana's southern Ashanti region, Obuasi has all the trappings of a gold-rush town, including a statue of a miner painted in gold and a huge conveyor belt crisscrossing the city centre. But while rows of neat miners' cottages show some local gain from a commercial mining industry dating back to the 19th century, many of its residents complain they have yet to feel the full benefit of the riches buried beneath their feet.
Arsenal are also interested in the player.
Production at Gold Fields Ltd.'s Cerro Corona gold mine in Peru has not been affected by a nearby protest against another large mining venture, the South African company said Monday.
