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Aug 12, 2011

Gaddafi forces still hold Brega oil terminal, refinery

BENGHAZI, Libya (Reuters) – Troops loyal to Libyan leader Muammar Gaddafi are still in control of the oil terminal and refinery of the strategic eastern port of Brega despite rebel advances, a spokesman for rebel forces said on Friday.

The two sides have been battling for months over Brega, 750 km east of Tripoli. The rebels see securing the oil facilities as a tipping point in the war and hope to resume oil exports from there as quickly as possible.

Aug 10, 2011

Libyan rebels say key oil town within their grasp

NEAR BREGA, Libya, Aug 10 (Reuters) – Libya’s rebels said on Wednesday they were on the verge of capturing the coastal oil town of Brega, in what could be a decisive step toward unlocking the country’s oil wealth and forcing out Muammar Gaddafi.

“This is the most important place for the oil,” rebel field commander Faraj Moftahi told Reuters behind the frontline, which runs through sand dunes topped with scrub to the east of Brega.

Aug 9, 2011

Analysis: Libya rebels clean house after slaying of commander

BENGHAZI, Libya (Reuters) – Libya’s rebel leader has sacked his cabinet to try to rebuild confidence in the opposition that was damaged by the murky killing of the rebels’ own military commander.

Mustafa Abdel Jalil, leader of the rebels’ National Transitional Council (NTC), dismissed his 14-member executive committee on Monday after they were held responsible for blunders linked to the assassination of Abdel Fattah Younes.

Aug 8, 2011

Libya rebels dissolve cabinet after commander’s death

BENGHAZI, Libya, Aug 8 (Reuters) – Libyan rebels on Monday
dissolved their executive committee, or cabinet, after
procedural errors in the handling of the unexplained shooting
dead 12 days ago of their military chief.

The 14-member executive committee, including officials
responsible for defence and interior affairs, was sacked and a
new one will be nominated by Prime Minister Mahmoud Jibril,
National Transitional Council (NTC) media director Shamsiddin
Abdulmolah said.

Aug 6, 2011

Libya rebels say they are advancing on Brega

BENGHAZI, Libya (Reuters) – Libyan rebels Saturday said they had launched a push to capture the coastal oil town of Brega, but were advancing slowly because Muammar Gaddafi’s forces had sown landmines on the approaches to the town.

“There’s a big movement on all fronts around Brega, we are attacking from three sides,” said rebel spokesman Mohammad Zawawi.

Aug 5, 2011

Rebels say NATO strike kills Gaddafi’s son Khamis

BENGHAZI, Libya, Aug 5 (Reuters) – - Libya’s rebels said on
Friday a NATO air attack had killed Muammar Gaddafi’s powerful
son Khamis, who serves as commander of one of the Libyan
leader’s most loyal and best-equipped military units.

A rebel spokesman said the air strike had killed 32 people
in Zlitan, a frontline town where Khamis Gaddafi’s 32nd Brigade
is believed to have been leading the stand to defend the
outskirts of Tripoli, 160 km (100 miles) away.

Aug 5, 2011

Gaddafi seeks Islamist allies, rebels nab fuel tanker

BENGHAZI, Libya (Reuters) – Muammar Gaddafi’s son has made a bid to divide the fractious Libyan rebellion, telling a newspaper he was forging an alliance with Islamist rebels against their liberal allies.

Saif al-Islam Gaddafi’s comments, in an interview with the New York Times, were a sign that the Libyan leader’s camp hopes to exploit divisions among the rebels revealed by the assassination of their military commander last week.

Aug 4, 2011

Gaddafi seeks Islamist alliance, rebels to receive fuel

BENGHAZI, Libya (Reuters) – Muammar Gaddafi’s son said his camp was nearing a deal with Islamists within Libya’s rebellion to isolate more liberal members of the insurgency, as a seized cargo of government-owned fuel docked in a rebel port.

Saif al-Islam Gaddafi’s comments, in an interview with the New York Times, underscored attempts to exploit divisions within the rebels as they seek to recover from the killing of their military commander and push toward Tripoli on three fronts.

Jun 15, 2011

Asian shares up after China, U.S. data; euro firms

SINGAPORE, June 15 (Reuters) – Asian stocks opened higher on
Wednesday after a torrid start to the week, as positive data
from the world’s two largest economies encouraged investors to
buy back into growth-sensitive assets.

Chinese data showed the world’s second biggest economy may
avoid a hard landing as some had feared, while a U.S. consumer
spending report that was not as weak as expected lifted U.S.
stocks , oil and other growth-oriented markets on Tuesday.

Jun 14, 2011

Euro bounces off record low versus Swiss franc

SINGAPORE (Reuters) – The euro pulled up from near a record low against the Swiss franc on Tuesday after Chinese inflation figures provided some relief that the country would not get more aggressive on tightening policy, providing a broad boost to risky assets.

China’s consumer prices rose 5.5 percent in May, a tad faster than the 5.4 percent estimated by a Reuters poll of economists, while retail sales came in marginally higher than forecast and industrial output was slightly lower.