CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.» Read More
The U.S. State Department urged U.S. citizens on Tuesday to defer travel to Bahrain and suggested Americans there should leave due to ongoing political and civil unrest.
Pressure is building for the US to take action in Libya.
Forces from Gulf Arab countries will help with maintaining order in Bahrain and some forces have already arrived in the country, according to press reports.
The leader of Libya’s rebellion has warned countries that have failed to support the uprising against Muammer Gaddafi that they would be denied access to Libya’s vast oil riches if the regime is deposed, the Financial Times reports.
Japan faces earthquake aftermath and nuclear emergency, Gaddafi wins gains against rebels, and the Rajaratnam trial continues.
Here’s the complete transcript of Maria Bartiromo’s exclusive interview with Prince Alwaleed bin Talal al Saud.
Citigroup’s shakiest days are over, Saudi Prince Alwaleed bin Talal al Saud, the biggest single individual shareholder of the bank’s stock and chairman of Kingdom Holding Company, which also holds Citi stock, told CNBC Friday.
Saudi Arabia has handed out about $37 billion, while Oman, Bahrain, Libya and Kuwait have boosted domestic spending up to 4 percent of GDP. The result is the sovereign wealth funds are less able to invest overseas.
Police and protesters clashed in Saudi Arabia Thursday and the country faces a day of possible mass protests Friday, but even heavy demonstrations will not succeed in removing the current regime, according to analysts at the Eurasia Group.
Markets head into Friday watching and waiting to see if economic news outweighs geopolitical concerns, after Thursday's "risk off" selling spree.
A few readers have asked why a business website should run a daily feature on the potential for war with Libya.
Financial markets have quickly moved from worrying about things like Middle East oil supplies to whether the global economy is healthy enough to support demand for all sorts of assets.
A perfect storm may be blowing towards the global oil markets—with disastrous economic and political consequences to follow in the wake.
The Libyan leader Col. Muammar el-Qaddafi has “tens of billions” in cash secretly hidden away in Tripoli, allowing him to prolong his fight against rebel forces.
The London School of Economics should not have accepted research funding from a foundation run by the son of Libyan leader Muammar Gaddafi, the outgoing director of the London School of Economics told CNBC Thursday, but cuts in government funding will force governments to raise money more aggressively, he warned.
Libya’s central bank has ordered banks to recirculate old currency in the first sign that the oil-rich north African state is facing liquidity problems amid international efforts to freeze the regime’s assets, reports the Financial Times.
Wealthy Saudi investor Prince Alwaleed bin Talal expressed confidence in Citigroup's earnings potential and also called for the bank to issue a dividend to shareholders.
Oil prices are finally retreating from two-and-half year highs but the market is bracing for more volatility as anti-government protests threaten to spread beyond the borders of Libya towards the world's top exporter Saudi Arabia.
Discussing who is right in Libya and whether a Gaddafi comeback would be bad for oil, with Michael Levi, Fellow for Science and Technology, Council on Foreign Relations and Helima Croft, Barclay's geopolitical analyst.
The spike in the price of an oil barrel has been caused by “market pricing and risk premium on the future oil supply,” not a lack of supply, Rex Tillerson, CEO and chairman of Exxon Mobil, told CNBC Wednesday.