TRIPOLI, Dec 7- Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, Oil Minister Abdelbari al-Arusi said on Saturday. Arusi said Libya had lost 9 billion Libyan dinars in oil revenues after output had fallen to 250,000 barrels a day from 1.4 million bpd in July.» Read More
SINGAPORE, July 19- Gold was barely changed on Friday as the prospect of the end of the U.S. *Gold hit a low around $1,282 an ounce and stood at $1,283.94 by 0033 GMT, little changed from Thursday. *Fed chairman Ben Bernanke, speaking before the Senate Banking Committee, reiterated comments he made on Wednesday to the House Financial Services Committee.
HONG KONG, July 19- Hong Kong shares are expected to start steady on Friday, with investors monitoring mainland Chinese markets for any signs of a repeat of last month's cash crunch after money market rates on Thursday briefly hit their highest levels since then. The China Enterprises Index of the top Chinese listings in Hong Kong edged up 0.1 percent.
SINGAPORE, July 19- U.S. crude clung on to overnight gains above $108 a barrel in early Asian trade on Friday after Federal Reserve Chairman Ben Bernanke reassured markets over the timeline for winding down its stimulus program. U.S. crude slipped 4 cents to $108.00 a barrel by 0021 GMT, after settling at a 16- month high of $108.04, up $1.56.
July 18- Detroit's financial decline that led on Thursday to the biggest U.S. municipal bankruptcy filing in the country's history can be traced back to the waning days of long-time Mayor Coleman Young's administration, when the city was already deep in debt and struggling with a budget deficit.
-Lipper@ NEW YORK, July 18- Investors in funds based in the United States poured $16.64 billion into stock funds in the latest week as U.S. stock indexes hit record highs, data from Thomson Reuters Lipper service showed on Thursday.
SINGAPORE, July 19- London copper was trading little changed on Friday but was set to close the week lower after the Federal Reserve signalled it would stay on course to end bond buying by the end of the year. *Copper hit a one-week low at $6,850 a tonne on Thursday and was set to close the week down around half a percent, snapping two consecutive weeks of gains.
July 18- Detroit on Thursday filed the largest-ever municipal bankruptcy in the United States, with an estimated $18.5 billion in debt. Kevyn Orr, the city's emergency manager, referred to Chapter 9- the bankruptcy statute governing municipal filings- as a "powerful" tool to right Detroit's ship.
*Fed stimulus withdrawal eyed, clarity sought from China. MOSCOW, July 19- The world's economic crisis response team will grapple with the prospect of more market volatility on Friday as finance ministers and central bankers gather in Moscow to chart a course towards recovery.
July 18- Millions of Time Warner Cable customers in New York, Los Angeles and Dallas could miss out on the summer reruns of "The Big Bang Theory" and "NCIS" if the cable operator does not reach an agreement with No. 1 broadcast network CBS by July 24.
SAN FRANCISCO, July 18- Google Inc on Thursday reported second-quarter results short of Wall Street's estimates as weakening prices for the Internet company's ads and widening losses from its Motorola mobile phone business weighed on the bottom line.
WASHINGTON, July 18- Legislation to allow U.S. states to collect sales taxes on purchases made online is garnering support from both sides of the political spectrum, with a leading conservative economist saying on Thursday the tax would foster growth and job creation.
July 18- The long decline of Detroit, a hollowed-out relic that once was hub for the U.S. automotive industry, led on Thursday to the biggest U.S. municipal bankruptcy filing in the country's history.
TOKYO, July 19- Japan's Nikkei share average is expected to rise above 15,000 on Friday, helped by gains on Wall Street and a weakening yen, while expectations of a ruling party victory in this weekend's upper house election are supporting sentiment.
NEW YORK, July 18- BlackRock Inc said on Thursday it opposes Nelson Peltz's proposal that PepsiCo Inc buy Mondelez International and shed its beverage business, signaling that the activist investor's proposal could fall flat with fellow investors.
*USD supported by solid data; Moody's drops downgrade threat. SYDNEY, July 19- The U.S. dollar was again probing major resistance against the yen on Friday, encouraged by solid economic data, higher Treasury yields and an unthreatening conclusion to testimony from Federal Reserve chief Ben Bernanke.
BEIJING, July 19- The success or failure of China's efforts to revamp its giant economy may rest with workers like Hu Zhao and Deng Jindong. They were both at a job fair in Beijing this week. As Beijing shifts the economy away from manufacturing, the growth that has been the envy of the world for decades is slowing down.
*Boeing stock gains eroded by Boston incident. LONDON/ SEATTLE/WASHINGTON, July 18- British aviation investigators identified an emergency beacon made by Honeywell International Inc as a likely source of last week's blaze on a Boeing Co 787 Dreamliner and called for it to be turned off, spurring a rally in Boeing shares by relieved investors.
DETROIT, July 18- Detroit filed for the largest, municipal bankruptcy in U.S. history. >Detroit files for bankruptcy, stage set for court fight. >Detroit bankruptcy to last at least a year- emergency manager INSTANT VIEW 5- The city of Detroit files for bankrupcty.
WASHINGTON, July 18- The U.S. Internal Revenue Service's inspector general said on Thursday he is expanding his probe of IRS treatment of political groups that applied for tax-exempt status to see if liberal groups were treated the same way as conservative ones.
CALGARY, Alberta, July 18- U.S. regulators have approved a plan by Canada's largest pipeline company Enbridge Inc to alter how it calculates the amount of crude shippers can nominate on its export network, a move the company says will cut overbooking on congested lines.