Financials Headlines

UPDATE 2-Citigroup's Mason expresses horror over Minneapolis killing

Citigroup Inc Chief Financial Officer Mark Mason, one of the few black executives on Wall Street, published a personal essay on Friday expressing his "horror, disgust and anger" over the killing of George Floyd, an unarmed black man who died after a Minneapolis police officer knelt on his neck.

Saudi Arabia transferred $25 bln to sovereign fund PIF in April - official

Saudi Arabia's foreign reserves are expected to drop in April at about the same rate as in March, as the government transferred $25 billion to the kingdom's sovereign wealth fund, Public Investment Fund (PIF), to finance overseas investments, a finance ministry official told Reuters on Friday. (Reporting by Marwa Rashad; Editing by Sandra Maler)

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Indian economy slows in March quarter, with worst to come

India's economy grew at 3.1% in the January-March quarter, its slowest pace in at least eight years, and the situation is expected to worsen rapidly, putting pressure on the government and central bank for additional stimulus and a rate cut.