Bahrain rejects concerns about financial health (AME )
Bahrain's central bank governor has refuted concerns expressed by ratings agency Moody's Investors Service about the kingdom's financial sector, stressing that the kingdom's retail banks have seen "no major outflows," Dow Jones has reported.
According to an investor presentation made by the Dubai's department of finance, the total outstanding external term borrowings of the emirate stood at Dhs115.4bn as on May 20, Zawya Dow Jones has reported.
The Euro weakened against the U.S. currency for the first time in one month as the European Central Bank revised its inflation outlook and signaled it may not raise interest rates as fast as previously anticipated.
MADRID (MarketWatch) -- Pharmaceutical companies GlaxoSmithKline PLC and Valeant Pharmaceuticals International Inc. on Monday said the U.S. Food and Drug Administration approved Potiga tablets, a potassium channel opener, for an adjunctive treatment of partial-onset in seizures in patients 18 years and older.
European stocks were little changed after the benchmark Stoxx Europe 600 Index tumbled to a 2 1/2 month low last week. U.S. futures were also little changed, while Asian shares dropped.
Futures trim gains, trade subdued amid political uncertainty
Asian stock markets retreated Monday as evidence mounted that recoveries in the world's biggest economies have hit a roadblock.
