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
WASHINGTON, June 21- St. Louis Federal Reserve Bank President James Bullard on Friday issued a sharp rebuke of his colleagues' decision this week to announce a plan to reduce the central bank's bond buying, calling the move premature and worrying the Fed is risking its credibility as a force for price stability.
DETROIT, June 21- A Detroit official has dismissed as "lots of wild speculation" a story that Emergency Manager Kevyn Orr is considering the sale of the city's little-known collection of classic cars.
*Treasury to sell $99 billion new coupon-bearing debt next week. NEW YORK, June 21- U.S. That's been a negative for Treasuries as hedges are unwound, "said Sean Murphy, a Treasuries trader at Societe Generale in New York.
*Oracle slides after results miss. NEW YORK, June 21- U.S. stocks turned lower on Friday as the initial bounce from a two-day selloff faded and banking stocks fell, while a sharp drop in Oracle shares dragged down the Nasdaq. Citigroup dropped 4 percent to $45.97 and Morgan Stanley lost 3.1 percent to $24.37.
BRUSSELS/ LUXEMBOURG, June 21- European Union health ministers agreed on Friday to ease tough planned restrictions on tobacco products to overcome opposition from some governments to the draft rules.
PARIS, June 21- European shares tumbled on Friday in strong volumes, hitting near six-month lows, as concerns about the prospect of reduced U.S. monetary stimulus continued to rock financial markets worldwide.
June 21- Just about anyone who has a credit card, bank account or a relationship with a financial services company is likely to have agreed to settle a dispute through arbitration and forfeit the right to sue.
NEW YORK, June 21- U.S. benchmark 10- year Treasuries yields rose above the 2.50 percent level on Friday, the highest since August 2011, as investors fretted over when the Federal Reserve will start paring back its bond purchase program.
DETROIT, June 21- General Motors Co said on Friday its Chevrolet and Cadillac sales chief in Europe, where the entire industry has been suffering through a sales slump, is leaving later this year.
NEW YORK, June 21- The yields on U.S. benchmark and medium-term Treasuries rose to their highest levels since August 2011 on Friday on renewed selling in bonds due to worries the Federal Reserve might pare its bond purchases later this year.
That shouldn't happen and Washington policy makers should use the continuing talks about fiscal 2014 appropriations levels to nail down a framework for the deal we all need. Several weeks ago, the Congressional Budget Office reported that the federal budget deficit for fiscal 2013 will be $642 billion.
*Wall Street steady but volatility expected. NEW YORK, June 21- Wall Street stocks stabilized while world markets were mixed on Friday after two days of steep losses as the dollar headed for its biggest weekly gain in almost a year following the Federal Reserve's notice that it plans to withdraw stimulus that has fueled the rally in equities this year.
LONDON, June 21- Shares in G4S fell to a new 19- month low on Friday, with selling momentum on the security company gathering pace after two large-size trades on the over the counter market. G4S stock traded down 1.9 percent at 233.20 pence as sellers targeted the stock after the oversized transactions, traders said.
NEW YORK, June 21- The Dow and S&P 500 turned flat on Friday, erasing earlier gains while the Nasdaq dropped to a session low, pressured by Oracle Corp.. Financials were among the weakest shares of the day, with Citigroup Inc down 4.1 percent to $45.88 and Bank of America down 3.7 percent at $12.41.
Russia's Rosneft to double oil flows to China. ST PETERSBURG, Russia, June 21- President Vladimir Putin unveiled a $13 billion investment plan on Friday to build roads and railways across Russia and show he is not steering the country into political and economic stagnation.
LUXEMBOURG, June 21- European Union finance ministers told France on Friday to revamp its pension system by year-end and cut labour costs in return for getting longer to shrink its budget deficit to within EU limits.
*Iraq and Lebanon alarmed at spread of Syria war. LONDON, June 21- Oil fell towards $101 a barrel on Friday, giving up an earlier rise, as the focus returned to concern about slowing demand and ample supply, as well as the U.S. After a modest rally earlier in the session, Brent was down 85 cents to $101.30 by 1403 GMT and traded as low as $101.18, the lowest since June 3.
WASHINGTON, June 21- Two top U.S. bank regulators are pushing to double capital requirements for the country's largest banks, Bloomberg reported on Friday, as the debate about banks that are "too big to fail" heats up.
*Dish abandons its pursuit of Sprint. *SoftBank sees Sprint cutting costs by $2 bln a year. TOKYO/ NEW YORK, June 21- SoftBank Corp CEO Masayoshi Son said on Friday he was confident his company's acquisition of Sprint Nextel Corp will be completed in early July after rival bidder Dish Network Corp bowed out.
WASHINGTON, June 21- Two airliners nearly collided above New York airports earlier this month, the Federal Aviation Administration, which is investigating the incident, said on Friday.