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  • 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.

  • Libyan leader Muammar Gaddafi

    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.

  • saudi_oil_200.jpg

    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.

  • Oil Shock

    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.

  • If news out of the Middle East doesn't get any worse than it has been, Gartman thinks the market will quickly become inured to the unrest.

  • Demonstrators hold up a banner featuring Libyan leader Moamer Kadhafi reading 'Kadhafi is a murderer' as they stage a protest outside the Libyan embassy in Istanbul on February 21, 2011

    Advocates of creating a no-fly zone over Libya continue to push the line that it can be done antiseptically, almost peacefully.

  • Hollywood sign

    Things have gotten chilly here for Natural Selection, the film production company backed by Col. Muammar el-Gaddafi’s son Saadi, the New York Times reports.

  • High gas prices in California

    Gasoline is spiking to $4 a gallon and above in some parts of the U.S., but the worst of the price shock could be over—unless oil production is threatened beyond Libya.

  • Stocks ended higher on Tuesday as news that Bank of America would boost its dividend amid a stronger profit forecast than analysts expected lifted financials, and oil prices eased amid news OPEC is considering a boost in output. Bank of America and AmEx rose, while McDonald's fell.

  • Stocks ended higher on Tuesday as news that Bank of America would boost its dividend amid a stronger profit forecast than analysts expected lifted financials, and oil prices eased amid news OPEC is considering a boost in output. Bank of America and AmEx rose, while McDonald's fell.

  • A Libyan anti-government protester holds his old national flag in front of a wall covered with graffiti against Libyan leader Moamer Kadhafi in the eastern city of Tobruk.

    Establishing a no-fly zone over Libya is likely to be far messier and less effective than advocates like Senators John McCain and John Kerry are forecasting.

  • Throughout the recent unrest in the Middle East, virtually no oil production has been affected, save in Libya, Sara Akbar, CEO of Kuwait Energy, told CNBC Tuesday.

  • Stocks added to strong gains as volatility in the oil markets eased amid news OPEC is considering a boost in output. Bank of America and AmEx rose, while McDonald's fell.

  • A Saudi man wears a t-shirt with the image of King Abdullah bin Abdul Aziz in the Saudi capital Riyadh.

    The Bahrainian royal family is plenty worried about the unrest in their country. The Saudis are concerned about unrest, Gaddafi is a wild card and the Chinese have big plans.

  • President Barack Obama

    War fever is growing ever hotter with each passing day.

  • Obama Meets With Australian PM Julia Gillard At The White House.

    Nearly three weeks after Libya erupted in what may now turn into a protracted civil war, the politics of military intervention to speed the ouster of Col. Muammar el-Qaddafi grow more complicated by the day — for both the White House and Republicans. The New York Times reports.

  • Stock index futures turned higher again after news that OPEC had no plans for an extraordinary meeting.

  • Libyans at the rebel-held eastern town of Brega celebrate after rumor spread that their fighters took over the town of Ras Lanuf from pro-Kadhafi forces during battles.

    US and European diplomats are scrambling to get a clearer picture of the leadership of Libya’s besieged opposition movement after concluding that Muammer Gaddafi is unlikely to fall quickly like his counterparts in neighboring Egypt and Tunisia, the Financial Times reports.