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.
QCB set to issue QR4bn T-Bills
The T-bills, to be issued on Tuesday, will include QR2bn worth for three month period and QR1bn each of six-month and nine-month maturity period, the Central Bank said on its website.
du to enhance 4G service
In its efforts to enhance the user experience on its 4G LTE network, du - the Middle East’s fastest growing telecommunications service provider announced yet another milestone with the successful fie
Saudis occupy 35 percent of hotel rooms in Dubai
Dubai is once again proving to be the choicest destination for Saudis this summer, with hotels in the city showing 35 percent occupancy by them during the Eid Al-Fitr holidays, Al-Riyadh daily report
Gateway Earth Station coming up in Oman
US-based global telecom services provider ORBCOMM says its Oman partner Mahd Telecom has been granted regulatory approval to roll out wireless machine-to-machine communications services targeted at,