LIBYA

Budget mum on fuel taxes, sparks price rise talk

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India's budget belied expectations of cuts in fuel taxes on Monday, denying any relief to state-run oil firms but boosting chances of a planned ministerial meeting taking up the issue of raising prices soon.

China to stay a low-key gambler in Middle East

China to stay a low-key gambler in Middle East
Even with Middle Eastern tumult tearing down governments and pushing up oil prices, China will stay a restrained regional player, reluctant to gamble a growing pile of economic chips for uncertain political gains.
Britain's Prime Minister David Cameron

Britain may arm Libyan rebels

During an exchange in the British House of Commons, Prime Minister David Cameron said that his number one priority is to remove Moammar Gaddafi from power and that his government may arm the opposition in Libya, according to The Financial Times.
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Saudi Arabia

10 Mideast Stock Markets Pummeled by Unrest

The Middle East unrest has been bad for the global markets. The following are stock markets that have been pummeled by the Middle East revolts; unrest either happened there or is expected to happen in the future.
A man holds a picture of Libya's leader Muammar Gaddafi from the window of a bank in Sabratha

“My people love me”: Gaddafi

In an interview with BBC, Gaddafi claims he is loved by all of his people and denied that any anti-government protests have occurred in the capitol, Tripoli, which remains a Gaddafi stronghold.
Anti-government rebels dry ammunition in a base for training and recruiting rebels for the army in Benghazi February 28, 2011.

U.S. in contact with anti-government Libyans

Secretary of State Hillary Clinton said on Sunday that that the United States is reaching out different Libyans as the Obama administration calls for Libyan leader Muammar Gaddafi to leave the country.
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Futures flat as Libyan unrest continues

Stock index futures were mostly flat on Monday on continued concerns the unrest in Libya could spread through the region, though stable oil prices prevented further losses.
France's Foreign Minister Alliot-Marie attends the questions to the government session at the National Assembly in Paris

France to send medical aid to Libyan opposition

Smarting from criticism that some of its top officials have had too cozy a relationship with foreign despots, the French government said it is sending medical aid via airplanes to Benghazi in eastern Libya to help groups opposed to Moammar Gaddafi.
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Brent up on Libya despite Saudi assurances

Brent crude oil prices rose above $112 a barrel in choppy trade on Monday as investors weighed reassurances from Saudi Arabia that extra supply needs were being met against the prospect that disruption of Libya's output could be prolonged.

Stocks open higher in early trade, incomes jump

US stocks opened higher in early trade on Monday, with S&P 500 Index gaining 7.54 points, or 0.57 percent, to trade at 1,326.97 at 09:55 a.m. EST. The Dow Jones Industrial Average is up 76.82 points, or 0.63 percent, to trade at 12,207.27. The Nasdaq Composite Index rose 0.49 percent to trade at 2,795.40.
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Gold rises above $1,410/oz on Mideast tensions

Gold rose to $1,413 an ounce in Europe on Monday as turmoil in the Middle East region lifted safe-haven buying and fueled a fresh spike in oil prices, stoking concerns over U.S. growth and knocking the dollar.
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Futures gain after Bullard comments

Stock index futures were higher on Monday after bullish comments from a Federal Reserve official about the economy, easing concerns that high oil prices could hurt economic activity.
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Sudan clamps down on election protest

Sudanese riot police and security agents surrounded organisers of a protest against alleged election fraud on Sunday, witnesses said, in the latest sign of a clampdown following uprisings across the Arab world.

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