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Traders work in the oil options pit on the floor of the New York Mercantile Exchange in New York

World Market Overview 24/03/2011

US stocks defied odds on Wednesday to close slightly positive. The S&P 500 index climbed 3.77 points, or 0.29 percent, to close at 1,297.54. The Dow Jones Industrial Average rallied 67.39 points, or 0.56 percent, to end at 12,086.02. The Nasdaq Composite rose 0.54 percent.

World Market Overview Report 24/03/2011

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U.S. stocks staged an afternoon rally Wednesday, led by materials companies, though investors continued to eye several overseas trouble spots warily.The Dow Jones Industrial Average rose 89 points, or 0.7%, to 12108 in late afternoon trade, led by Alcoa, which rose 3.3%. The gains were kept in check by a 1.5% decline for Bank of America, which said the Federal Reserve didn't allow it to boost its dividend. Wal-Mart Stores also was weak, falling 0.8%, as was DuPont, down 0.4%.
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China to build meltdown-proof, helium gas-cooled reactors

China is planning to build meltdown-proof nuclear plants conforming to the fourth generation technology in the wake of the Japanese nuclear crisis which highlighted the safety inadequacy of a reactor that depends on external sources of cooling.
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A British Royal Air Force Tornado GR4 aircraft takes off from RAF Marham in eastern England

President Museveni of Uganda condemns air strikes on Libya (FULL-TEXT)

The president of Uganda, Yoweri Museveni, has written a lengthy a column in The New Vision newspaper of Uganda in which he condemned the western alliance’s military strikes on Libya. He also proposes a resolution to the Libyan crisis through the auspices of the African Union.
Traders work on the floor of the New York Stock Exchange

World Market Update 22/03/2011

U.S. stocks surged on Monday as sentiment was buoyed after Japan made progress in its battle to control radiation leaks at a crippled plant, and AT&T announced that it will buy T-Mobile USA from German company Deutsche Telekom to create the largest mobile provider in the United States.
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World Market Overview 22/03/2011

The Dow Jones Industrial Average climbed back above 12000, boosted by a major telecommunications deal and a jump in energy stocks as oil prices leapt.
Fuel storage tanks are seen at Mobil Oil's oil refinery in Melbourne March 8, 2011

International oil companies in fix as real war starts in Libya

The real war has started in Libya with the allied forces pounding Gaddafi strongholds and military installations with missiles and bombs. The future of International Oil Companies (IOC) operating in Libya has come under increased pressure with this turn of events.
General Charles Vyvyan

Libya - What next?

In RBC Capital Markets' 'Generally Speaking' edition defense and geopolitical adviser General Charles Vyvyan has discussed in detail the action plan laid out in the United Nations Resolution 1973 pertaining to Libya and its potential consequences.
Traders work on the floor of the New York Stock Exchange

World Market Update 21/03/2011

US stocks ended higher on Friday as sentiment was buoyed after Libya announced a cease-fire and the Group of Seven (G-7) Finance ministers agreed to intervene in the markets to stabilize the Japanese yen.
Where is Gaddafi? And what next after allies target his residence?

Where is Gaddafi? And what next after allies target his residence?

There was intense speculation on Monday about the whereabouts of Libyan leader Colonel Muammar Gaddafi after allied forces bombed his compound Sunday night, an action reminiscent of the 1986 attack by the U.S. on Gaddafi's compound in which his daughter was killed.
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World Market Overview 21/03/2011

U.S. stocks climbed higher Friday, as fears of increased violence in Libya ebbed and currency interventions helped to relieve investor worries over Japan's economy.
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World Market Update 18/03/2011

U.S. stocks rallied on Thursday, bouncing back from three straight days of losses as better-than-expected reports on jobless claims and Consumer Price Index (CPI) buoyed sentiment, and FedEx Corp. boosted its profit forecast.
Libya's leader Muammar Gaddafi

UN Approves Military Force Against Gaddafi Forces

The United Nations Security Council has approved military strikes on Libyan air defenses, a move following weeks of talks led by France, Britain and the United States to mobilize the international community to take action against the regime of Muammar Gaddafi, which is engaged in armed conflict with rebels.
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Global Markets Overview 18/03/2011

U.S. stocks rallied on Thursday, bouncing back from three straight days of losses as better-than-expected reports on jobless claims and Consumer Price Index (CPI) buoyed sentiment, and FedEx Corp. boosted its profit forecast.

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