EGYPT

Chaos in Egypt

Dozens injured as riots break out in Cairo

Rioting and rock throwing between pro and anti-government supporters broke in out in bloody clashes in one of Cairo's main squares on Wednesday, just one day after Egyptian President Hosni Mubarak said he would not step down until the next election in September.

Private sector jobs gains beat forecasts

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U.S. private employers added more jobs than expected in January, the 12th consecutive month that companies took on staff, adding to hopes that the weak American labor market is slowly improving.
A weather satellite image obtained from the National Oceanic and Atmospheric Administration

Cyclone Yasi to disrupt global commodity markets

The category-five storm, Cyclone Yasi, that has struck Queensland in northeastern Australia (already reeling from deadly floods last month) is likely to hammer global commodity markets, according to media reports.
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Yemen's President Ali Abdullah Saleh

Yemeni president won’t seek re-election when term expires

The president of Yemen, Ali Abdullah Saleh, said he will not seek to extend his term as ruler of this poverty-stricken country beyond 2013, according to media reports, as another domino falls in the wake of political upheavals in the Middle East.
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Gold dips on data, earnings

Gold prices eased a touch in Europe on Wednesday after well received U.S. economic data and a spate of upbeat corporate earnings deflected interest away from bullion on to higher-risk, higher-yielding assets.
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Stock futures point to weaker open after jobs data

U.S. stock index futures pointed to a slightly lower on Wednesday as a strong reading on the labor market failed to convince investors to add to gains a day after the Dow and S&P advanced to their highest close in about 2-1/2 years.
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Economic recovery lifts world stocks

World stocks punched fresh 29-month highs on Wednesday, lifted by strong data pointing to sustained global economic recovery, continuing positive corporate earnings and easing concerns about Egypt.
Fertilizers

Impact of Egypt, Tunisia Unrest on Fertilizers

Credit Suisse said the civil unrest in Egypt and Tunisia could have positive implications on nitrogen and phosphate prices, as Egypt is a key supplier of urea while Tunisia is a major supplier of phosphate rock and fertilizer products.
soy beans

Analysis: China sets sights on soybean imports

China may speed up its soybean imports after the Lunar New Year and slow its vegetable oil buys as floods cut off palm oil supply in Malaysia and if port strikes further stall Argentine soyoil exports.
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Economic recovery drives world stocks higher

World stocks punched fresh 29-month highs on Wednesday, lifted by strong data pointing to sustained global economic recovery, continuing positive corporate earnings and easing concerns about Egypt.
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BOJ's Kamezaki says Japan economy near end of lull

Japan's economy will emerge from a lull toward spring and is certain to pull out of deflation over time, a Bank of Japan policymaker said, offering an upbeat take on the outlook on budding signs of a recovery.
In a video feed provided by the White House, President Barack Obama delivers remarks on the situation in Egypt on February 1, 2011. Obama called for an orderly and peaceful transition to a new government that must "begin now."

Obama says Egypt transition must 'begin now'

After Egyptian President Hosni Mubarak said on Tuesday he would stay in power for months until stepping down by the next election, President Barack Obama called for a new government in Egypt and said an orderly transition must be meaningful, peaceful and begin now.
 Hosni Mubarak (Oct. 1981-?):

Mubarak to step down in months, protesters defiant

Egyptian President Hosni Mubarak vowed to step down at the next election, would stay on to enact reforms in the next few months, and said authorities would pursue those responsible for destructive acts and looting and violence during the protests.

U.S. should support democracy, says professor

The U.S. would be foolish not to support the formation of a new democracy in Egypt, says Rutgers University political science professor and Middle Eastern specialist, Eric Davis.
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Dow hits 12,000 as stocks rally

The Dow and S&P 500 closed at their highest levels since June 2008 on Tuesday and looked poised for more gains after strong earnings and signs of a surge in U.S. manufacturing.

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