Colonel Moammar Gadhafi

Fitch Ratings announced on Wednesday that it downgraded Libya's credit rating to B from BB and lowered the country's long term local and foreign currency issue default ratings to B from BB/RWN. According to Fitch Ratings, the downgrade was due to the instability caused by the civil war currently...

The details are still unclear but Colonel Moammar Gadhafi has reportedly accepted a ceasefire plan brought to him by the African Union. The ceasefire calls for an immediate end to hostilities from the forces of each participant including forces loyal to Colonel Gadhafi, the rebels and NATO. The...

Oil prices rose to a 2 1/2 year high during trading in Asia, as the market reacted to news that rebels in Libya had suffered setbacks and a rise in China's Purchasing Managers Index. After declining for months, China's Purchasing Managers Index for March climbed to 53.4, up from 52.2 for February...