U.S. auto sales in March are expected to rise about 12 percent from last year's depressed levels, but high gasoline prices and production problems caused by the Japanese earthquake could slow a recovery, analysts and investors said.
Oil prices turned positive on Tuesday as Gaddafi's troops halted a rebel advance, raising doubts among investors over how quickly the conflict in OPEC member Libya could be resolved.
The International Community is meeting to support Libya's people to find a political transition away from current leader Muammar Gaddafi, a move President Barack Obama backed in a speech Monday as he outlined a support role the U.S. will play while an international coalition carries out military attacks on Libyan defenses to enforce a no-fly zone.
Oil prices slipped on Tuesday for a third consecutive day as rebels and government troops battled for supremacy in Libya and more bad news from Japan's stricken nuclear plant sapped investor confidence.
There has been twister postings suggesting that Libyan foreign minister Mousa Kousa has fled the country and probably defected.
The BBC cited a twitter posting saying that Kousa has been cited in Tunisia with family and luggages. BBC said it can’t verify the authenticity of the information.
Dollar Gold Prices fell in Asian and early London trade on Monday, dropping 1.3% to a 6-session low of $1411 per ounce as global equities slipped and the US currency rose on the forex market. Silver Prices lost 2.1% to hit a 3-session low beneath $36.50 per ounce.
The U.S. sixth fleet has attacked Libyan ships near the port city of Misrata, where pro-Gaddafi forces had made significant advances, according to the latest reports from the Libyan war theater.
Oil prices fell around a dollar on Tuesday in a third day of declines as expectations mounted of a relatively swift restoration of supplies from OPEC member Libya.
Libyan rebels retreated from Sirte, Gaddafi's hometown, as official forces unleashed heavy weapon fire on them on Tuesday, according to reports. The rebels who were pushed back into Bin Jawad are now digging their toes in there as fight is on for the control of the town.
Syria on Tuesday offered olive branch to the swelling ranks of protesters by announcing the intent to carry out a full clean-up of the government even as the country slipped into a visible division between those who support president Bashar Al-Assad and those baying for his blood.
Crude prices traded below $104 a barrel on Tuesday in Asia as Libyan rebels announced resumption of oil exports from the sites controlled by them.
President Barack Obama's speech on Libya, Gadhafi sparks off a wave of rhetoric from Sarah Palin, Donald Trump and other 2012 Presidential hopefuls ahead of the poll. Start slideshow to see quotes and photos:
Brent crude fell for a third day running on Tuesday as Libyan rebels gained ground against embattled leader Muammar Gaddafi, boosting expectations that supplies from the nation may be restored quicker than expected.
Brent crude fell for a third day running on Tuesday as Libyan rebels gained ground against embattled leader Muammar Gaddafi, boosting expectations supplies from the nation may be restored quicker than expected.
Reactions to President Barack Obama's speech on Monday varied broadly, from supporters calling it ambitious to concern that it was too vague, not clearly outlining when U.S. military force would be used in the future.
President Barack Obama spoke to the nation on Monday about the situation in Libya, saying the NATO alliance of nation to which the United States belongs will take over command on Wednesday and adding that the wider changes arising from popular outcry in the Middle East cannot be changed back.
The following is a White House transcript of remarks by President Barack Obama to the nation on Libya from the National Defense University in Washington D.C. on March 28, 2011.
In response to the large numbers of North Africans continuing to swarm into the tiny Italian island of Lampedusa in the Mediterranean, local fishermen have barricaded the entrance of to the harbor with seagoing vessels seized from the migrants in order to stop anymore boats from coming ashore.
U.K. Prime Minister David Cameron and French President Nicolas Sarkozy called on Libyan's to organize a transition that will oust current Libyan Leader Muammar Gaddafi from power.
The tiny Persian Gulf state of Qatar has become the first Arab nation to recognize the rebels of Libya as representing that country’s legitimate ruling body.
The U.S. economy is on track for a sustained recovery but remains sufficiently weak to warrant the help of loose monetary policy, Atlanta Federal Reserve President Dennis Lockhart said on Monday.
Libyan rebels who are seeking to capture the city of Sirte are facing a frenzied defense from government forces loyal to Moammar Gaddafi for the town.
