U.S. stocks retreated this week, with the Standard & Poor’s 500 Index having its biggest decline since December, amid weaker-than-estimated housing data and reports showing manufacturing contracted in Europe and China.
Stocks rose on March 23 as a jump in oil prices lifted energy shares. The rally failed to help the industry avoid posting the worst performance for the week among the S&P 500’s 10 groups, falling 3 percent as Baker Hughes Inc. (BHI) slumped 11 percent. The Dow Jones Transportation Average lost 2.5 percent, the most since Nov. 25, as FedEx Corp. tumbled amid a disappointing earnings forecast. Apple Inc. (AAPL) advanced 1.8 percent after announcing its first dividend in 17 years.
DIBS records swift sales within hours
The 22nd edition of Dubai International Boat Show (DIBS) has recorded swift boat sales within hours of the show opening, with Dubai-based Sunseeker Middle East signing a deal for the flagship 48 metr
Amadeus Techonology Show 2014 slated
Amadeus, a leading technology partner for the global travel industry, will hold its annual technology show to showcase its "portfolio for cutting-edge technology solutions" in the Kingdom's three maj