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Traders work on the floor of the New York Stock Exchange

World Market Update 21/03/2011

US stocks ended higher on Friday as sentiment was buoyed after Libya announced a cease-fire and the Group of Seven (G-7) Finance ministers agreed to intervene in the markets to stabilize the Japanese yen.

Where is Gaddafi? And what next after allies target his residence?

Where is Gaddafi? And what next after allies target his residence?
There was intense speculation on Monday about the whereabouts of Libyan leader Colonel Muammar Gaddafi after allied forces bombed his compound Sunday night, an action reminiscent of the 1986 attack by the U.S. on Gaddafi's compound in which his daughter was killed.

Asian shares rise on bargain hunting

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Oil prices jumped more than 2 percent to top $116 a barrel on Monday as Western forces launched air strikes on Libya, while Asian shares advanced on bargain hunting in the wake of heavy losses last week.
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Global stocks rise as selloff seen overdone

Asian shares advanced on Monday as market players scooped up beaten-down stocks after heavy losses last week, while oil prices jumped more than $2 as Western forces struck targets in Libya.
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Oil's risk premium may rise on Libya, Middle East

Oil prices may rise again on Monday as traders ratchet up the risk premium for crude after Western forces bombed Libya's air defenses in a United Nations-backed intervention against Libyan leader Muammar Gaddafi.
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Libya, Mid East in focus, seen driving up oil risks

UN-sanctioned aerial and naval attacks on Libyan air defense and ground forces at the weekend are likely to see oil prices vault higher this week, overcoming demand-side jitters stemming from Japan's earthquake and Chinese monetary tightening.
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IBM pays $10 million to settle bribery complaint

IBM has agreed to pay $10 million to settle a complaint its employees tried to bribe South Korean and Chinese officials with cash, gifts and entertainment in return for business for more than a decade.
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U.S. says Samsung SDI to pay fine for price-fixing

Samsung SDI Co Ltd <006400.KS> has agreed to plead guilty and pay a $32 million criminal fine for its role in a scheme to fix prices of color display tubes, the U.S. Justice Department said on Friday.
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Cisco to pay first-ever quarterly dividend

Top network equipment maker Cisco Systems Inc plans to pay a dividend for the first time, helping appease investors' concerns about slowing growth by returning more of its ample cash hoard.
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World Market Update 18/03/2011

U.S. stocks rallied on Thursday, bouncing back from three straight days of losses as better-than-expected reports on jobless claims and Consumer Price Index (CPI) buoyed sentiment, and FedEx Corp. boosted its profit forecast.
Libya's leader Muammar Gaddafi

UN Approves Military Force Against Gaddafi Forces

The United Nations Security Council has approved military strikes on Libyan air defenses, a move following weeks of talks led by France, Britain and the United States to mobilize the international community to take action against the regime of Muammar Gaddafi, which is engaged in armed conflict with rebels.

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