Readout of President Obama’s Calls with President Sarkozy of France, Prime Minister Cameron of the United Kingdom and Prime Minister Berlusconi of Italy
Gold held near $1,400 an ounce in Europe on Friday, supported by interest in the metal as a haven from risk as violence flared in Libya, but struggled to maintain traction as some investors cashed in this week's hefty gains.
Reports are emerging that the Libyan government may be jamming satellite signals, in an effort to block incoming news channels and communications from the outside world.
Amidst reports of thousands of deaths in Libya as a result of a brutal crackdown against protesters, the United Nations (UN) Human Rights Council is meeting in a special session in Geneva, Switzerland today to discuss possible sanctions against Moammar Gaddafi’s embattled government.
Libyan dictator Gaddafi reiterates 'hallucinogenic drugs' blame to justify violence against protesters even as a close aide withdraws support.
China has so far evacuated 12,000, or about a third, of its citizens from turmoil in Libya, many of them workers for Chinese-run projects and businesses in the oil-rich nation, official media said on Friday.
Less than 2 weeks of the 2011 Libyan revolution, Switzerland has confirmed the immediate freeze of any assets that may belong to president Moammar Gadhafi and his entourage.
Libyan President Muammar Gaddafi allegedly ordered the 1998 bombing of a Pan Am airliner over Lockerbie, Scotland, the North African country's ex-justice minister is quoted as saying by a Swedish newspaper.
British government officials have uncovered billions of pounds of assets that Libyan leader Moammar Gaddafi and his regime have deposited in London banks and will immediately seek to freeze them within days.
Oil traders are citing unconfirmed rumors that Libyan leader Moammar Gaddafi was shot to explain a sudden downward reversal in oil prices today.
There are numerous variations on the Libyan leader's name
As promised, the president of Algeria Abdelaziz Bouteflika has officially lifted a 19-year-old state of emergency, one of the principal demands issued anti-government forces.
Moammar Gaddafi’s daughter, Aisha, has denied reports that she sought to escape the riot-torn country by fleeting to exile in Malta.
Commodity analysts at Nomura Holdings Inc. said. Brent crude prices could double to $220 per barrel in the coming weeks if Libya descends into an all-out civil war and further shuts down oil production in the country.
Turmoil in Libya has slashed its oil output by 75 percent or 1.2 million barrels per day, key Libyan oil sector player ENI said on Thursday.
Forces loyal to Muammar Gaddafi launched a counter-attack on Thursday, fighting fierce gun battles with rebels who have threatened the Libyan leader by seizing important towns close to the capital.
The Gold Price rose further in London trade Thursday morning, hitting new 2011 highs for Dollar investors as Brent crude oil jumped to $119 per barrel and a raft of economic analysis warned of stagflation ahead for the global economy.
Soaring oil prices will have little impact on Chinese consumer inflation, but will place considerable cost pressure on the country's manufacturers, a government adviser and ministry official said on Thursday.
The leader of Libya Moammar Gaddafi has appeared on state TV and alleged that al-Qaeda chief Osama Bin Laden and his followers are behind the protests and revolts in the country.
Gold steadied near seven-week highs on Thursday, as investor fears over inflation stemming from the spike in crude oil were partially offset by pockets of profit-taking after the market's 6 percent rise this month.
Futures on major U.S. indices point to a lower opening on Thursday as oil prices continued surge due to continued turmoil and violence in Libya.
Barack Obama not naming Muammar Gaddafi in his comments on Libya has raised question if the dictator has muted the US President blocking Americans evacuation in Tripoli.
