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Goldman Sachs profits hit by big drop in mergers
Goldman Sachs profits hit by big drop in mergers
Business and Economy
by  AFP

Goldman Sachs reported a steep decline in fourth-quarter earnings on Tuesday on much lower merger activity in results that missed analyst expectations and weighed on shares. Goldman Sachs also cited a fall in equity and debt underwriting as a factor in the profit decline.

Son of Equatorial Guinea's ruler held for graft: state TV
Son of Equatorial Guinea's ruler held for graft: state TV
Business and Economy
by  AFP

One of the sons of Equatorial Guinea's veteran ruler has been arrested on suspicion of illegally selling a plane owned by the national airline, state TV said Tuesday. The channel said authorities opened an inquiry in late November "after discovering that an ATR 72-500 belonging to the national airline (Ceiba Intercontinental) had gone missing".