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
PETALUMA, Calif., July 15- The California Public Employees' Retirement System, the biggest U.S. public pension fund, said on Monday it posted a 12.5 percent return on its assets for the 12 months ended June 30, outperforming its benchmark by 1.5 percentage points.
July 15- Oil production in North Dakota topped 800,000 barrels per day for the first time ever in May, preliminary data from the state regulator showed on Monday, as the number of rigs pumping crude in the state hit an all-time peak.
*Wheat sinks on good harvest weather. Wheat futures also dropped as hot, dry weather this week should allow most farmers to complete the winter crop harvest following scattered rain delays in recent weeks. There are some areas in the west that are a bit of a concern, but nothing more than we normally deal with, "said Shawn McCambridge, an analyst with Jefferies Bache.
GENEVA, July 15- Edward Snowden's revelations about U.S. "It gives us an opportunity, and I keep saying let's build bridges," said Hamadoun Touré, head of the International Telecommunication Union, which is working with Interpol and the U.N.
*Citigroup shares climb after earnings. NEW YORK, July 15- U.S. stocks edged up on Monday after hitting record highs in the previous session, as better-than-expected earnings from Citigroup were offset by mixed U.S. economic data.
LONDON, July 15- Scientists have unravelled how a gene long associated with obesity makes people fat by triggering increased hunger, opening up potential new ways to fight a growing global health problem.
NEW YORK, July 15- The dollar rose against the euro and the yen on Monday as traders said a selloff last week was overdone because the Federal Reserve is still seen likely to be the first among major central banks to move away from ultra-loose monetary policy.
July 15- Loblaw Cos Ltd, Canada's largest food retailer, will buy Shoppers Drug Mart Corp, the country's biggest pharmacy chain, for C $12.4 billion to bulk up against intensifying competition from U.S. retail giants as well as from consolidating local rivals.
*Q2 adjusted shr $1.25 vs Street estimate $1.17. July 15- Citigroup Inc posted a 41 percent increase in quarterly profit, as stronger home prices reduced mortgage losses and bond trading revenue jumped, underscoring the bank's recovery since the financial crisis.
LONDON, July 15- European shares rose on Monday to extend a recovery after hitting low points in late June, as Chinese economic data eased fears over a slowdown in that country and boosted sentiment.
NEW YORK, July 15- U.S. The Commerce Department said on Monday retail sales increased 0.4 percent last month as demand for automobiles soared, though sales of building materials fell. "It was a softer month and there was a downward revision to the previous month," said Michael Cloherty, head of U.S. rates strategy at RBC Capital Markets in New York.
LONDON, July 15- Investors are awaiting greater stability in gold prices before returning to an asset that has slumped this year, even though concerns over the economic recovery are burnishing the metal's longer-term appeal. Gold tumbled $200 an ounce in less than two weeks in June to its lowest in nearly three years, at $1,180 an ounce.
LOS ANGELES, July 15- Arden Group Inc, which owns 16 upscale Gelson's Markets in Southern California, on Monday said it has hired advisers to explore and evaluate a possible sale or other strategic alternatives.
CAIRO, July 15- Murad Mohamed Mahmoud, an Egyptian civil servant, was saving up to go on a pilgrimage to Mecca. Instead, he is using the money to allow his family to join a three week old vigil in Cairo for supporters of ousted President Mohamed Mursi. "This is hospitality, it's Ramadan!"
LONDON, July 15- Britain's fraud prosecutor on Monday charged two former brokers at interdealer broker RP Martin with conspiracy to defraud, stepping up its investigation into the rigging of Libor benchmark interest rates.
*China's second-quarter slowdown not as sharp as feared. *U.S. retail sales weak, but Citigroup rises on earnings.
NEW YORK, July 15- Hewlett-Packard Co on Monday appointed three big-name directors, including former Microsoft Corp software chief Raymond Ozzie and former McDonald's Corp CEO James Skinner, as it looks to beef up its board.
BEIJING, July 15- Chinese police on Monday accused British drugmaker GlaxoSmithKline of channelling bribes to Chinese officials and doctors through travel agencies to boost sales illegally and raise the price of its medicines in the country.
*Citigroup shares jump after earnings. NEW YORK, July 15- U.S. stocks were little changed at the open on Monday after hitting record highs in the previous session, as better-than-expected earnings from Citigroup were offset by mixed U.S. economic data.
*China's implied oil demand rises nearly 10 pct in June. LONDON, July 15- Brent crude held below $109 a barrel on Monday in seesaw trading after data showed a slowdown in China's economic growth and weaker-than-expected retail sales in top oil consumer the United States.