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Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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Forces seize Gbagbo

Apr 11, 2011 12:17 PM

The presidential dispute in the Ivory Coast, where cocoa futures serve as the economy's lynchpin, is likely resolved as the incumbent president who lost the November election but refused to step down was physically captured Monday by forces loyal to the same election's victor, Bloomberg reports.

Though Laurent Gbagbo was apprehended by French troops serving as peacekeepers, pockets of the nation that are loyal to him are expected to be difficult to pacify under the new administration of Alassane Ouattara.

Soldiers "entered the residence of Gbagbo and it was they who went to catch him in his bunker," said Guillaume Soro, the prime minister to Ouattara, to France 24 television. "Gbagbo and his wife are alive and in good health."

Following the late November 2010 election, Ouattara was recognized as the victor but Gbagbo refused to cede power. In late January, Ouattara attempted to force him from office by banning exports of cocoa, which cut revenue to his office.

Gbagbo was believed to be preparing to seize the commodity by the end of March, but French and U.N. forces began assisting earlier this month with the effort to force him from office.

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