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Latest Business News: Futures Down on China, Fed Concerns

Wochit 0:59 mins

Stock index futures fell after the S&P 500 suffered its worst weekly decline in two months, on concerns stimulus measures by the U.S. Federal Reserve may be drawing to a close and a possible cash crunch in China. An independent panel set up by the World Bank to look at the validity of one of its highest profile country rankings said that the Bank should stop producing it because it may be misleading. The Bank's annual "Doing Business" report judges 185 countries on 10 criteria and compiles an index on the ease of doing business, assigning each country a rank. The rankings can carry huge weight with governments. Samsung is making its tablet computers look more like its hit Galaxy phones in the hope that the success of the smartphones can boost tablet sales.

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