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
CAIRO, July 2- Egyptian shares jumped to a three-week high in early trade on Tuesday, a day after the armed forces gave Islamist President Mohamed Mursi a virtual ultimatum to share power. The market has been sold off very heavily in the last few weeks, "said Simon Kitchen, strategist for EFG Hermes.
*Gold bar premiums steady in Hong Kong. LONDON, July 2- Gold rose on Tuesday for a third straight session as investors interpreted the previous week's plunge to three-year lows as overdone, while looking for further indications of an end to U.S. monetary easing soon. Gold had lost 23 percent in the April-June period on speculation that the U.S.
MOSCOW, July 2- TNK-BP Holding led a rise in Russian oil output to a new post-Soviet high of 10.53 million barrels per day in June, up 0.5 percent from the previous month, Energy Ministry data showed on Tuesday. *Russia's oil production peaked at 11.41 million bpd in 1988 when it was still part of the former Soviet Union, according to the International Energy Agency.
LONDON, July 2- Brent oil rose above $103 a barrel on Tuesday, up for a second day due to concerns about supply disruptions in the Middle East and Africa and a slightly improved economic outlook.
MOSCOW- Venezuelan President Nicolas Maduro said on Tuesday that Edward Snowden, the former U.S. spy agency contractor, deserved the "world's protection" for divulging details of Washington's spy programme.
WASHINGTON, July 1- The U.S. Federal Trade Commission said on Monday it had filed a complaint aimed at stopping Ireland's Ardagh Group S.A.' s proposed $1.7 billion acquisition of a unit of France's Saint-Gobain that makes glass containers for the U.S. market.
*Danone, Nestle cooperating with investigation. *Danone shares down 1.6 pct, Nestle shares off 0.3 pct.
*Govt seeks savings of 14 bln euros in 2014 and 2015. PARIS, July 2- France aims to make budget savings of around 28 billion euros over the next two years to restore public finances to order, Finance Minister Pierre Moscovici said on Tuesday.
*Greece has bonds to redeem in August. BRUSSELS/ ATHENS, July 2- Greece has three days to reassure Europe and the International Monetary Fund it can deliver on conditions attached to its international bailout in order to receive the next tranche of aid, four euro zone officials said on Tuesday.
*Wolfgang Bernhard says unit needs to step up a notch. FRANKFURT, July 2- Daimler's trucks business needs to considerably improve its performance over the rest of this year in order to maintain operating profits at last year's level, the division's new chief said.
HONG KONG, July 2- Hong Kong shares fell for the first time in four days on Tuesday, as weakness in the Chinese banking sector erased early gains and suggested more slippage in the short-term. The Hang Seng Index ended down 0.7 percent at 20,658.7 after starting the day up 1 percent as Hong Kong returned from a three-day holiday weekend.
CAIRO, July 2- President Mohamed Mursi rebuffed an army ultimatum to force a resolution to Egypt's political crisis, saying on Tuesday that he had not been consulted and would pursue his own plans for national reconciliation.
FRANKFURT, July 2- The European Central Bank, eying tentative signs of euro zone economic recovery, is expected to eschew an major decisions on Thursday and keep its easy-money policy in place. In Europe, such a step is far off and ECB policymakers have gone out of their way to assure investors that they will not follow the Fed any time soon, seeking to calm markets.
LONDON, July 2- The dollar edged higher against the yen and a rally in Tokyo stocks lifted world shares on Tuesday on signs of modest expansion in the United States and Japan, though the overall economic picture was mixed.
*China probe hits Danone shares. LONDON, July 2- Medical group Fresenius and food group Danone weighed on European shares on Tuesday, with traders expecting little near-term progress for European equities.
BRUSSELS, July 2- Greece has three days to reassure its lenders it can deliver on conditions attached to its international bailout in order to receive the next tranche of aid, four euro zone officials said on Tuesday.
*Japan's monetary base hits record high in June-BOJ data. TOKYO, July 2- Benchmark Japanese government bonds edged down on Tuesday, taking their cue from stronger equities even after results of a 10- year debt sale came in within expectations. The Ministry of Finance offered 2.4 trillion yen of 10- year bonds with a 0.8 percent coupon, reopening the current issue.
LONDON, July 2- Falls at medical group Fresenius and food group Danone weighed on European shares on Tuesday, with traders expecting the near-term trend for European equities to remain a relatively negative one.
LONDON, July 2- Erste Group Bank stock was offered at between 18.50 euros and 19.15 euros in a placing on Tuesday, traders said, sending its shares down around 4 percent. "Erste placing offered at 18.50 euros- 19.15 euros," a London- based brokerage said in a trading note to clients.
HONG KONG, July 2- China shares eked out a third-straight daily gain on Tuesday, reversing midday losses as strength in the pharmaceutical sector outweighed weakness in financial counters. The CSI300 of the leading Shanghai and Shenzhen A-share listings closed up 0.4 percent at 2,222 points. The Shanghai Composite Index rose 0.6 percent.