The Libyan government had invested $500 million of its cash reserves with accused swindler Allen Stanford's firm as of late 2008, a court filing showed on Tuesday.
North Korea fired seven ballistic missiles on Saturday, South Korea's defense ministry said, in an act of defiance against the United States as Washington cracks down on the secretive state's weapons proliferation.
Two losing contenders in Iran's presidential election denounced the result on Wednesday in clear defiance of Supreme Leader Ayatollah Ali Khamenei, saying Mahmoud Ahmadinejad's next cabinet would be illegitimate.
Canada's Verenex Energy Inc said on Monday that Libyan authorities have not yet approved the C$499 million ($434 million) sale of the company to China National Petroleum Corp, putting the deal at risk.
The United Nations General Assembly announced on Wednesday that Dr. Ali Abdessalam Treki of Libya, the country's Secretary for African Union Affairs, will serve as new president of the 64th session of the General Assembly.
Saudi Arabia warned oil prices could spike to beyond the near $150 record high of 2008 within three years as it joined other energy leaders on Monday to call for more investment to boost production over the long term.
Iran has no missile or nuclear cooperation with North Korea, President Mahmoud Ahmadinejad said on Monday, after North Korea conducted a second and far more powerful nuclear test.
Hess Corp's (HES.N: Quote, Profile, Research, Stock Buzz) emphasis on exploration and recent drilling success will help the oil producer and refiner outshine its rivals in 2010, according to weekly financial newspaper Barron's.
The U.N. nuclear watchdog has failed to use all its powers or to beef them up if inspectors are obstructed, leaving the Non-Proliferation Treaty (NPT) in tatters, a former top agency official says.
Following is the roster of countries attending or boycotting a U.N. conference on racism that opened in Geneva on Monday.
Libyan leader Muammar Gaddafi Tuesday called Barack Obama a flicker of hope in the middle of the imperialist darkness, but said he feared the president could be assassinated.
North Korea fired a long-range rocket on Sunday, provoking international outrage, but a divided U.N. Security Council failed at an emergency meeting to agree on a reaction to Pyongyang's defiant move.
An International Criminal Court arrest warrant for Sudan's President Omar Hassan al-Bashir may have compromised the quest for peace in Darfur, a U.N. and African Union mediator said on Thursday.
Oil edged up toward $42 on Wednesday, after surging nearly 4 percent overnight, on a brightening outlook for China's economy and in anticipation that producer group OPEC would cut supply further at its next meeting.
Oil edged down toward $41 on Wednesday, after surging nearly 4 percent overnight in anticipation that producer group OPEC would cut supply further at its next meeting.
Resource-rich countries hoping oil will rebound from a $100 crash will not relinquish overnight the power that came with record prices, but relations between international firms and state-run companies have begun to thaw.
On Monday distributors stated that various foreign press titles are set to return to the press stands this week following a 25 year absence.
On Monday at the African Union summit in Addis Ababa, Libyan leader, Moammar Gadhafi, was elected leader of the African Union, a position he has long sought.
An estimated 50,000 people in Alexandria, Egypt and thousands in more than a dozen Middle Eastern cities have taken to the streets protesting against Israel.
The U.N. Security Council is expected to adopt a third round of sanctions against Iran for its nuclear program on Monday, but diplomats said this might be the first round that is not approved unanimously.
Oil prices surged more than 4 percent on Tuesday to hit a record over $100 a barrel on expectations OPEC will keep production levels steady when it meets next month. News Nigerian oil delta rebel leader Henry Okah had died raised worries about supplies from the OPEC country, but a spokesman for the government later said he was alive and in custody.
President Nicolas Sarkozy defended a visit by Muammar Gaddafi on Monday, just hours after his top human rights official said France was not a doormat on which the Libyan leader could wipe off the blood of his crimes.
