Political leaders around the world have almost universally condemned the government of Moammar Gaddafi for its brutal crackdown against anti-government protesters. At least 3000 people have died in the bloodshed that appears to be getting worse by the day.
Readout of President Obama’s Calls with President Sarkozy of France, Prime Minister Cameron of the United Kingdom and Prime Minister Berlusconi of Italy
Gold held near $1,400 an ounce in Europe on Friday, supported by interest in the metal as a haven from risk as violence flared in Libya, but struggled to maintain traction as some investors cashed in this week's hefty gains.
Wall Street rebounded on Friday after a week-long sell-off as oil prices stabilized from recent highs.
Reports are emerging that the Libyan government may be jamming satellite signals, in an effort to block incoming news channels and communications from the outside world.
Amidst reports of thousands of deaths in Libya as a result of a brutal crackdown against protesters, the United Nations (UN) Human Rights Council is meeting in a special session in Geneva, Switzerland today to discuss possible sanctions against Moammar Gaddafi’s embattled government.
Stocks were set for a higher open on Friday, after a week-long sell-off as oil prices stabilized.
Stocks index futures rose on Friday after a week-long Wall Street sell-off as oil prices stabilized.
Stocks index futures rose on Friday after a week-long sell-off, adding to a late rebound in the previous session as oil prices stabilized.
Libyan dictator Gaddafi reiterates 'hallucinogenic drugs' blame to justify violence against protesters even as a close aide withdraws support.
The world can weather a spike in oil prices, U.S. President Barack Obama said, as Saudi Arabia offered some respite to fears over Middle East oil supplies by indicating it can cover export cuts resulting from Libya's civil war.
China has so far evacuated 12,000, or about a third, of its citizens from turmoil in Libya, many of them workers for Chinese-run projects and businesses in the oil-rich nation, official media said on Friday.
U.S. stock index futures pointed to a higher open for Wall Street on Friday, adding to a late rebound in the previous session, with futures for the S&P 500, for the Dow Jones industrial average and for the Nasdaq up 0.5 to 0.7 percent by 5.02 a.m. EST.
The world can weather a spike in oil prices, U.S. President Barack Obama said, as Saudi Arabia offered some respite to fears over Middle East oil supplies by indicating it can cover export cuts resulting from Libya's civil war.
Less than 2 weeks of the 2011 Libyan revolution, Switzerland has confirmed the immediate freeze of any assets that may belong to president Moammar Gadhafi and his entourage.
Asian stock markets advanced for the first time in five days on Friday as oil prices fell below $100 a barrel on easing concern about supply disruptions.
Libyan President Muammar Gaddafi allegedly ordered the 1998 bombing of a Pan Am airliner over Lockerbie, Scotland, the North African country's ex-justice minister is quoted as saying by a Swedish newspaper.
Oil hovered above $112 a barrel on Friday and Asian stocks broke a four-day losing streak as concerns eased that a recent surge in energy prices would hurt demand for riskier assets and threaten broader economic growth.
Oil rose more than $1 a barrel to over $112 on Friday as unrest in Libya sparked fears of supply shortages, despite assurances by top oil exporter Saudi Arabia that it would step in to fill any shortfall.
Oil stabilized on Friday after a sharp reversal from a 2-1/2 year peak overnight, calming concerns that a surge in prices would hurt economic recovery.
Libyans say they risk arrest or even death for talking to the foreign media because the authorities are desperate to stop information about their violent crackdown reaching the outside world.
Oil eased below $111 on Friday as top world exporter Saudi Arabia sought to assure key importers it would fill any supply shortfall left by beleaguered fellow OPEC member Libya, soothing fears over a disruption in supplies that had carried prices to a 2-1/2-year high a day earlier.