U.S. stock-index futures dropped as an opinion poll showed a majority of Greeks want to renegotiate the terms of their bailout, while the cost of insuring Spanish sovereign-debt against a default rose to a record.
Facebook Inc. (FB), the biggest social network, dropped 1.2 percent in early New York trading. Research in Motion Ltd. (RIM), the maker of the BlackBerry smartphone, sank 9 percent after forecasting a surprise operating loss for the first quarter. LinkedIn Corp. (LNKD) rose 2.1 percent after Citigroup recommended buying the shares following their recent retreat.
Futures on the Standard & Poor’s 500 Index (SPX) expiring in June retreated 0.8 percent to 1,323.3 at 7:31 a.m. in New York, after earlier sliding as much as 1.1 percent. Futures pared their decline as the European Commission called for direct aid to troubled lenders. Dow Jones Industrial Average futures slipped 96 points, or 0.8 percent, to 12,487 today.
A Court Ruling In Favor Of Barwa
On April last year, Barwa Real Estate Group announced that a court ruling by Dubai International Arbitration Centre has been issued to obligate Barwa International Company and The Green City Compan
Doha Bank may sell bonds to raise capital
Qatar's Doha Bank could issue a capital-boosting bond instead of shares as planned, although it was evaluating the best route to help raise core capital, its chief executive said.
NASDAQ Dubai welcomes EIFB as a member
Emirates Islamic Financial Brokerage (EIFB), one of the UAE's leading Shari'a compliant brokers, has become a Member of NASDAQ Dubai, the region's international exchange.