The tiny Persian Gulf state of Qatar has become the first Arab nation to recognize the rebels of Libya as representing that country’s legitimate ruling body.
The U.S. economy is on track for a sustained recovery but remains sufficiently weak to warrant the help of loose monetary policy, Atlanta Federal Reserve President Dennis Lockhart said on Monday.
Libyan rebels who are seeking to capture the city of Sirte are facing a frenzied defense from government forces loyal to Moammar Gaddafi for the town.
Schlumberger Ltd , the world's largest oilfield services company, expects turmoil in the Middle East and Africa to knock 8 to 10 cents per share off first-quarter profit, Chief Executive Andrew Gould said on Monday.
U.S. stocks edged higher on Monday, lifted by strength in the telecommunications sector and an eighth straight monthly rise in consumer spending, but concerns about overseas turmoil kept gains in check.
Brent crude prices turned higher and U.S. oil pared losses on Monday after the dollar reversed and weakened and with Middle East unrest remaining a concern.
U.S. stocks advanced on Monday, boosted by strength in telecommunications and an eighth straight monthly rise in consumer spending, but jitters about overseas concerns limited gains.
U.S. stocks edged higher on Monday as an upgrade of telecom shares and a rise in February consumer spending lifted sentiment, though overseas concerns could add to volatile trading.
U.S. stocks advanced in early trade on Monday, following better-than-expected economic reports on Personal spending and pending home sales in February.
Muammar Gaddafi's daughter Aisha Gaddafi described as the Claudia Schiffer of North Africa by the Arabic press could have easily graced the pages of Vogue magazine but she opted for a role to further her father's cause.
U.S. Secretary of State Hillary Clinton said on Sunday that the U.S. will not be entering the conflict in Syria the way it has entered the conflict in Libya.
Gaddafi did more than just showering bounties on Sirte and the middle region and won some lasting loyalty. He created state-of-the-art infrastructure in the region, explicitly making it the logistical nerve center of his military. He created air bases and sea ports besides making Sirte the base of the elite special response army units. Moreover, these elite crack troops were manned by members of his own tribe and factions allied with him.
U.S. stock index futures pointed to a flat open following three days of gains on Monday, though developments in Japan, Libya and the Middle East kept alive the potential for volatile trading.
Crude oil futures slipped on Monday as Libyan rebels disclosed plans of oil exports from the key oil towns captured by them over the weekend.
U.S. stock index futures rose on Monday, building on three sessions of gains, though developments in Japan and Libya remained in view, suggesting further volatility ahead.
The Libyan rebels have claimed they have captured Sirte, the stronghold of the Gaddafi tribe, according to reports on Monday. Sirte was once seen as the place Gaddafi could flee to, if and when he loses Tripoli. A rebel advance into Sirte could be the heaviest blow to the tottering regime of Gaddafi since the uprising started.
U.S. stock index futures were little changed on Monday as foreign headwinds remained in view following three days of U.S. equities gains, suggesting the recent period of volatility wasn't over.
Oil retreated on Monday with Brent slipping to around $115 after Libyan rebels regained control of key oil towns, and unrest over the weekend was limited to minor crude exporters Syria and Yemen.
Libyan rebels have formed a transitional government under the leadership of Mahmoud Jebril, and the new cabinet is slowly taking shape. The interim rebel government, which vies with the official regime for control of the country, has been boosted by the sovereign recognition by France and generous western support.
Following is a glimpse into some of the major Libyan opposition outfits that have been fighting Gaddafi overtly or covertly in the last three decades:
The Libyan rebels’ ragtag army, which has a few seasoned officers and defectors from Gaddafi’s army, is functioning notwithstanding the fact it is a bit unorganized without much training and a chain of compound. In a revelation of sorts, Libyan rebel commander Abdel-Hakim al-Hasidi told the Italian newspaper Il Sole 24 Ore recently that he had about 25 men from the Derna area in Iraq who had some links with the global terror outfit al Qaeda.
The U.S. labor market is finally improving, just when many of the other economic indicators are wavering.
Protests in Libya which began on February 15 in Libya have escalated into an international conflict as Libyan leader Muammar Gaddafi's efforts to stay in power have triggered efforts by NATO, Arab nations, and other partners to protect civilians.
