U.S. stock-index futures declined as Greek political leaders struggled to form a government, raising concern the Mediterranean nation may default on its debt as early as next month.
Electronic Arts Inc. (EA), the second-largest U.S. video-game publisher, fell 6.8 percent in German trading after forecasting a loss wider than analysts estimated. Citigroup Inc. (C) the third- biggest U.S. retail bank, slid 0.5 percent in Frankfurt as European lenders slipped.
Futures on the Standard & Poor’s 500 Index (SPX) expiring in June dropped 0.5 percent to 1,359.3 at 10:16 a.m. in London. The benchmark equity gauge yesterday halted three days of declines, helped by a rally in bank shares after Warren Buffett said American lenders are in “fine shape.” Contracts on the Dow Jones Industrial Average lost 58 points, or 0.5 percent, to 12,901 today.
ADS Securities signs MoU with Asian conglomerate Tune Group
In a landmark strategic alliance, ADS Securities, the Abu Dhabi-based brokerage and financial services trading company signed a Memorandum of Understanding (MOU) with Asian conglomerate Tune Group th
Oil prices set for biggest weekly loss
Oil is poised to post its biggest weekly loss in more than a month, with Brent edging down towards $102 per barrel on Friday - pressured by ample supply and a sluggish economic recovery that could de
Bahrain to boost energy efficiency
Bahrain's Minister of State for Electricity and Water Affairs Dr Abdulhussain Mirza has pledged to work on improving energy efficiency and water conservation.
In a message to mark 'Arab D
Enoc unit to commission $100m oil terminal
Horizon Terminals Limited (HTL), the terminals business and wholly-owned subsidiary of Emirates National Oil Company (Enoc), said its new oil terminal, built at a cost of over $100 million in Fujair
Riyal-dollar peg ‘serves interests of Kingdom’
The Saudi riyal peg to the US dollar will continue as it serves the national economic interest of the Kingdom as well as of those which have chosen to keep the peg like Qatar and others in the GCC, s