Hosni Mubarak has decided to step down as president of Egypt and handed over power to the Supreme Council for the Armed Forces, according to an announcement read by Vice-President Omar Suleiman on state TV.
U.S. stocks rose on Friday as investors welcomed news that Egyptian President Hosni Mubarak resigned, easing concerns that have been weighing on the market for weeks.
U.S. stocks were set to fall at the open on Friday as market uncertainty over Egypt grew amid risks of spreading unrest in the Middle East and higher oil prices.
Iranian President Mahmoud Ahmadinejad said Friday the Islamic Revolution in 1979 has become a 'global movement' in the Middle East referring to Egypt protests.
U.S. stocks opened lower on Friday as data showed the U.S trade deficit widened in December, and jitters over Egypt continued.
U.S. stocks fell on Friday as market uncertainty over Egypt grew amid risks of spreading unrest in the Middle East.
U.S. stocks fell at the open on Friday as market uncertainty over Egypt grew amid risks of spreading unrest in the Middle East.
President Barack Obama said late Thursday it was not yet clear how Egypt's government is moving to transfer authority, on the same day when Egyptian President Hosni Mubarak said he would be handing some of his powers to his vice president but would remain in office until September's elections.
Switzerland has frozen the funds of Egyptian president Hosni Mubarak and 20 other officials, the Muslim Brotherhood said on its website on Friday.
Gold prices eased a touch on Friday, pressured by gains in the dollar and softer investment demand for the metal after a raft of well-received economic data boosted interest in other assets.
Calling for restoration of normalcy in the country, the Egyptian army on Friday released a statement endorsing the transfer of powers from embattled President Hosni Mubarak to Vice President Omar Suleiman.
U.S. stock index futures fell on Friday as uncertainty gripped markets following Egyptian President Hosni Mubarak's refusal to step down after more than two weeks of civil protests throughout the country.
U.S. stock index futures fell on Friday as uncertainty gripped markets following Egyptian President Hosni Mubarak's refusal to step down after more than two weeks of civil protests throughout the country.
Wall Street is set for a weaker open on Friday, with futures for the S&P 500, Dow Jones and Nasdaq futures down 0.4 percent to 0.6 percent at 1117 GMT.
World stocks fell for the third straight day on Friday partly on growing tensions in Egypt after President Hosni Mubarak disappointed protesters hoping he would resign, though oil and the dollar advanced. Partly because of the Egypt crisis, Asian stocks were on the course for their biggest weekly loss in nine months, but European shares were more resilient, on track for a second straight week of g...
World stocks fell for the third straight day on Friday partly on growing tensions in Egypt after President Hosni Mubarak disappointed protesters hoping he would resign, though oil and the dollar advanced. Partly because of the Egypt crisis, Asian stocks were on the course for their biggest weekly loss in nine months, but European shares were more resilient, on track for a second straight week of g...
A costly mistake by the CIA chief caused more embarrassment to the U.S. foreign policy establishment, which is already in a double bind over the escalating Egyptian situation, and worsened confusion over the timing of the purported exit of Hosni Mubarak.
As both inside and outside pressure mounted on him, Egypt President Hosni Mubarak has apparently fled the country on Friday morning
Egypt's three decade ruler Hosni Mubarak has fled the country Egypt and noted that the address he is scheduled to deliver in a few hours is taped, according to Ahlul Bayt News Agency news agency.
Stocks finished narrowly mixed, amidst much speculation that Egyptian President Hosni Mubarak would voluntary resign from his office. (He later announced that will stay on until September elections).
In a long and rambling speech on state TV, embattled Egyptian President Hosni Mubarak said that he has a framework to provide for a peaceful transition to a new regime at the September elections, but that he will remain in power till then.
As speculation grows that Egypt’s President Hosni Mubarak will step down in a few hours after more than two weeks of continuous political unrest in the country, the Egyptian Higher Military Council said it is in a state of “continuous session” to protect the nation and the aspirations of the people.”
