US Futures Pare Losses, but Trend Still Down
Libya
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders remain focused firmly on tomorrow's testimony from Fed Chairman Ben Bernanke. And expectations for this week's oil inventories.
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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.
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By Ghaith Shennib and Jessica Donati. TRIPOLI, May 7- Libya's defence minister quit on Tuesday only to reverse himself soon afterward, the prime minister's office said, and gunmen pledged to keep two ministries under siege in a crisis pointing to a security breakdown in the young democracy.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders are watching the situation in the Middle East and whether violence could spread throughout the region, she says.
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ABIDJAN, May 6- Ivory Coast mobile telecoms companies risk losing their licences if they do not improve their poor levels of service, a minister said on Monday.
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TRIPOLI, May 6- Gunmen refused to give up control of two ministries in Libya's capital on Monday, even after Libya's parliament caved in to their demand and banned any senior official under dictator Muammar Gaddafi from holding government posts.
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By Ghaith Shennib and Jessica Donati. TRIPOLI, May 5- Libya's parliament voted on Sunday to ban anyone who held a senior position during Muammar Gaddafi's 42- year rule from government, a move which could unseat the prime minister and other top officials regardless of their part in toppling the dictator.
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TRIPOLI, May 5- Libya's legislative assembly gathered on Sunday to vote on a law banning officials who worked for Muammar Gaddafi from the new administration, a step that could potentially force out the prime minister and other senior officials.
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TRIPOLI, May 5- Libya's legislative assembly gathered on Sunday to vote on a law banning officials who worked for Muammar Gaddafi from the new administration, a step that could potentially force out the prime minister and other senior officials.
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TRIPOLI, May 5- Libya's parliament passed a law on Sunday banning anyone who held a senior position during Muammar Gaddafi's 42- year rule from working for the new administration, a move that could force the prime minister to step down.
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NEW YORK, May 3- The family and employer of James Foley, a U.S. journalist missing in Syria since November, say they now believe he is being held by the Syrian government in a detention center near the capital, Damascus. He went on to say that GlobalPost believes Foley was being held in a prison or detention facility "in the Damascus area."
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The new approach combines MH-60 Romeo helicopters the Navy currently uses with the MQ-8 Fire Scout, a Northrop Grumman- built drone that looks and launches like a helicopter. The Navy has been testing the Fire Scout since 2007 and deploying it since 2009, using it for counter-narcotics operations and in Afghanistan.