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CNBC's Bertha Coombs discusses the day's activity in the commodities markets. After the dollar slipped, oil and gasoline futures climbed a bit. Nat gas was down on a bigger-than-expected build. A mixed picture in the metals markets, as well.
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LONDON, May 9- Europe's development bank slashed its 2013 growth forecasts for emerging Europe and North Africa on Friday by almost a full percentage point, saying a sharp slowdown in Russia would drag down the regional economy.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders appear more enamored with stocks than commodities, she says. Record crude supplies are pressuring prices downward. And gold is still under pressure.
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TRIPOLI, May 9- Libya's central bank governor said on Thursday he expects the economy to grow 18 percent this year despite a deepening crisis threatening the government's ability to press ahead with its agenda.
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CNBC's Courtney Reagan discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
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May 7- Marathon Oil Corp said on Tuesday its quarterly profit fell from a year earlier, as lower prices for crude oil weighed and the company wrote down the value of some oil and gas properties. Houston based Marathon reported a profit of $383 million, or 54 cents per share, compared with $417 million, or 59 cents per share in the same quarter a year earlier.
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May 7- Marathon Oil Corp said on Tuesday its quarterly profit fell from a year earlier, as lower prices for crude oil weighed and the company wrote down the value of some oil and gas properties. Houston based Marathon reported a profit of $383 million, or 54 cents per share, compared with $417 million, or 59 cents per share in the same quarter a year earlier.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Tomorrow, traders will be watching U.S. oil inventories as well as China trade data.
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*Prime minister convinced defence minister to change mind* Ministries to be blocked until government quits- gunmen* Law banning ex-Gaddafi officials could cripple government By Ghaith Shennib and Jessica Donati.
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STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 1756 GMT 07 May13- Ghana index rises on CAL Bank, Ghana Oil Co.-----------------------------------------------------------------------. Shares in CAL Bank and Ghana Oil Company rise on Tuesday, helping the GSE Composite Index record its second rise in a row.
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TRIPOLI, May 7- Libya's prime minister convinced the defence minister not to resign on Tuesday, hours after Mohammed al-Bargathi said he was quitting in protest against the siege of two government ministries by armed groups, the premier's spokeswoman said.
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*Army chief could also resign on Tuesday- PM source. TRIPOLI, May 7- Libya's defence minister resigned on Tuesday in protest at a siege by gunmen of two government ministries, a stark sign of the young democracy's weakness two years after the revolution that overthrew dictator Muammar Gaddafi.
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CAIRO, May 7- Egypt said it expected crude oil imports to start arriving next month after Libya and Iraq agreed to make shipments to help Cairo weather an economic crisis. Iraq said during a visit by Egypt's Prime Minister Hisham Kandil to Baghdad in March that it had agreed to supply Egypt with 4 million barrels of oil per month.
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CAIRO, May 7- Egypt said on Tuesday it is expecting crude oil to start arriving next month from Libya and Iraq after those countries agreed to the shipments to help Cairo weather an economic crisis.
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TRIPOLI, May 7- Libya's army chief of staff will make an "important decision" together with the prime minister on Tuesday, a defence ministry spokesman said, denying media reports that the head of the armed forces had quit.
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TRIPOLI, May 7- Libya's defence minister resigned on Tuesday in protest at a siege by gunmen of two government ministries that he denounced as an assault on democracy almost two years after the fall of dictator Muammar Gaddafi.
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TRIPOLI, May 7- Libya's defence minister on resigned on Tuesday in protest at a siege by gunmen of two government ministries that he denounced as an assault on democracy.
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STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 0859 GMT 07 May13- MTN drops as Ivory Coast threatens to withdraw licence------------------------------------------------------------------------. Ivory Coast, French-speaking West Africa's largest economy, has around 18 million mobile phone subscribers out of a total estimated population of 24 million.
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STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 0859 GMT 07 May13- MTN drops as Ivory Coast threatens to withdraw licence------------------------------------------------------------------------. Ivory Coast, French-speaking West Africa's largest economy, has around 18 million mobile phone subscribers out of a total estimated population of 24 million.
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LONDON, May 7- CPC Blend weakened on Tuesday under pressure from falling refining margins and Russia's Urals crude swaps also showed the grade might loose its strength soon.
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WASHINGTON, May 7- President Barack Obama's choice as the next U.S. ambassador to Libya promised on Tuesday to ensure the security of staff in the country, eight months after an attack in Benghazi killed four Americans, including the last ambassador.