The Arab Spring helped boost diamond prices as the region's wealthy individuals moved their cash from stocks and bonds to safe haven investments and tangible assets , a London-based fund manager told CNBC Tuesday.
The release of an emergency supply of oil to the market has received a mixed response from experts, with some arguing that the high oil prices seen in recent months have held back economic recovery while others say it reflects a political struggle.
Kevin Book: SPR Decision Is a Message to OPEC and Speculators
While oil has fallen sharply since May, gasoline is down just about 10 percent and it is not likely to drop below $3 any time soon.
The court-appointed receiver who is recovering assets for investors in Allen Stanford's alleged Ponzi scheme is demanding that Libya's sovereign wealth funds return millions of dollars they somehow managed to withdraw just before the firm blew up in 2009, CNBC has learned.
As oil drops to its lowest price in four months, a former president of Shell USA Operations cautions that this decrease is the "pause that refreshes" and that oil will increase again due to a pick up in demand and an insufficient supply to meet it.
A plan that would have tapped into the strategic petroleum reserves was one of many idea President Obama has considered to bring down the price of oil, Energy Secretary Steven Chu told CNBC Wednesday.
Goldman Sachs gave a paid internship to a top Libyan official’s relative while the bank was carrying out lossmaking trades on behalf of the country’s sovereign wealth fund, the Financial Times has learnt.
The resulting yo-yo effect on fuel prices for the last three years has made it hard for consumers and businesses to loosen their purse strings enough to jump start the lackluster economy.
As OPEC ministers met in Vienna this week it became clear that the cartel is now divided between those wanting to raise output, like Saudi Arabia, and those wanting to hold it and keep prices high.
Investors may be wary of putting their money in the Middle East and the Arab peninsula given the political turmoil which has shaken the region in recent months, but it offers investment opportunities worth considering, one fund manager told CNBC.
CNBC Senior Energy Correspondent Sharon Epperson shared her notes from the NYMEX Tuesday on an interesting divergence between Brent crude and WTI, ahead of OPEC's Wednesday meeting.
Société Générale structured a $1 billion bet on its own shares for Libya's sovereign wealth fund after the Jérôme Kerviel fraud, the Financial Times reports.
CNBC's Mary Thompson reports on the bank's handling of an investment by Libya's sovereign wealth fund.
The “Mad Money” host said it was some of the “worst” investing he’s ever seen.
CNBC's Jim Cramer says he had no idea Goldman Sachs was involved with Libya; and Germany could crimp its own growth by going with alternative energy.
Goldman Sachs did not really negotiate with Libya’s sovereign investment fund to sell it an equity stake in the firm, according to a person familiar with the transactions.
Inside of Goldman Sachs there is one unexpected reaction to the news Tuesday morning about the firm’s dealings with Libya: relief.
President Obama meets his peers, Tiffany reports earnings after the earthquake and Google jumps into the mobile payment game. Here's what we're watching...
The anti-corruption group Global Witness says it has obtained a document that details for the first time the involvement of Western banks—including some in the U.S.—in financing the regime of Libyan leader Moammar Gaddhafi.