Abdulla Al Awar, CEO of DIFC, told CNBC, "I don't believe that Dubai actually lost its edge over the course of the past three years, if we look at some of the statistics we understand that despite the global economic crisis we did see an influx of institutions nevertheless coming in."
CNBC's Mandy Drury on the day's marginal gains in the U.S. markets. Shanghai shares slip 1.7 percent. Australian RBA unexpectedly leaves rates unchanged. Yum! Brands jumps on overseas growth. Coca-Cola announces a new cost-saving program. News Corp being investigated for possible violations of a U.S. law against payments to foreign officials.
Yanis Varoufakis, professor at the University of Athens, told CNBC, "this bailout is certainly not the right answer for anyone, for Greece, for the euro zone, for the world. Here we have a typical bankruptcy problem, the first time around we decided to treat it like an illiquidity problem, it wasn't."
Weighing in on the pharmaceuticals company's fourth quarter earnings, with John Lechleiter, Eli Lilly chairman/president/CEO, who discusses patent expiration and the impact on business.
The quarter that we just completed was just in line, says Jon Moeller, Procter & Gamble CFO, who shares the company's growth projections and says the numbers are slightly lower reflecting primarily the foreign exchange environment.