Financials
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Bahrain fiscal deficit expected at 12% of GDP in 2020 -S&P
DUBAI, May 30 Bahrain's fiscal deficit is seen widening to 12% of GDP this year from 4.6% in 2019, largely due to lower oil prices, S&P Global Ratings said on Saturday.
Abu Dhabi economy to contract by about 7.5% this year - S&P
DUBAI, May 30 Abu Dhabi's real gross domestic product (GDP) is expected to contract by 7.5% this year because of lower oil production and the impact of the new coronavirus outbreak, S&P Global Ratings said.
UPDATE 2-Citigroup's Mason expresses horror over Minneapolis killing
NEW YORK, May 29 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.
UPDATE 2-In rescue effort, Fed has broad stake in corporate America's fortunes
May 29 The U.S. central bank now has a stake in the fortunes of a broad swath of corporate America after buying about $1.3 billion of bond funds with debt issued by firms in all walks of the world's biggest economy, from Apple Inc to a clutch of companies in bankruptcy.
UPDATE 2-Saudi Arabia's PIF gets $40 bln from foreign reserves to fund overseas investments
RIYADH, May 29 Saudi Arabia transferred a total of 150 billion riyals ($40 billion) from central bank foreign reserves to fund investments by sovereign wealth fund PIF in March and April, the finance minister said on Friday.
| BSE OIL & GAS | +3.42% |
| BSE BANKEX | +0.52% |
| BSE METALS | +1.70% |
| BSE REALTY | +4.50% |
| BSE AUTO | +1.66% |
| BSE POWER | +0.79% |
| BSE-CG | +2.55% |
Markets
- Sectors
- Asia
- U.S.
- Europe
Sector Summary
| Energy |
-0.87%
|
| Basic Materials |
-0.36%
|
| Industrials |
-1.07%
|
| Cyclical Goods & Services |
-0.23%
|
| Non-Cyclical Goods & Services |
-0.13%
|
| Financials |
-1.49%
|
| Healthcare |
+1.13%
|
| Technology |
+1.15%
|
| Telecoms |
+0.38%
|
| Utilities |
+0.42%
|
| DOW | 25,383.11 |
-17.53 |
-0.07% |
| S&P 500 | 3,044.31 |
+
14.58 |
+0.48% |
| NASDAQ | 9,489.87 |
+
120.88 |
+1.29% |
| TR US Index | 266.66 |
+
1.22 |
+0.46% |
Indian economy slows in March quarter, with worst to come
NEW DELHI 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.
- Sun Pharma to test pancreatitis drug in COVID-19 patients in India
- Fed's Powell fears second coronavirus wave, reiterates crisis-fighting pledge
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- Exclusive: U.S. warns governments, firms against aiding Iran fuel shipments to Venezuela - envoy
- In rescue effort, Fed has broad stake in corporate America's fortunes