Wall Street Week Ahead: Investors eye consumer discretionary stocks as U.S. reopens
NEW YORK (Reuters) - Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for some of the sector's hardest-hit names.
Trump administration to study ways to protect for U.S. investors from Chinese firms
WASHINGTON (Reuters) - The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.S. president Donald Trump said on Friday, ratcheting up pressure on the firms to comply with U.S. accounting and disclosure rules.
Hong Kong leaders say Trump 'completely wrong' for curbing ties
HONG KONG (Reuters) - Senior Hong Kong government officials lashed out on Saturday at moves by U.S. President Donald Trump to strip the city of its special status in a bid to punish China for imposing national security laws on the global financial hub.
Exclusive: U.S. warns governments, firms against aiding Iran fuel shipments to Venezuela - envoy
WASHINGTON (Reuters) - Seeking to deter further shipments of Iranian fuel to Venezuela, the Trump administration has quietly warned foreign governments, seaports, shipping companies and insurers that they could face stiff U.S. sanctions if they aid the tanker flotilla, the U.S. envoy on Venezuela told Reuters on Friday.
In rescue effort, Fed has broad stake in corporate America's fortunes
(Reuters) - 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.
Abu Dhabi economy to contract by about 7.5% this year - S&P
DUBAI (Reuters) - 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.
Britain to launch big stimulus package before summer - FT
LONDON (Reuters) - Britain's government is planning to launch a big stimulus package before the summer with a focus on creating jobs and infrastructure projects to help drag the economy out of the coronavirus crisis, the Financial Times reported.
Fed's Powell fears second coronavirus wave, reiterates crisis-fighting pledge
WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell on Friday said a potential surge in U.S. coronavirus infections could derail the recovery from the deep downturn triggered by the pandemic, even as he reiterated the central bank's vow to keep fighting the crisis.
Days from launch, Fed officials eye 'Main Street' program expansion
(Reuters) - Federal Reserve Chair Jerome Powell on Friday said central bank officials are open to expanding the Main Street Lending Program, which is days away from issuing its first loans, to businesses that may not currently qualify but need assistance to avoid shedding workers.
Saudi Arabia's PIF gets $40 billion from foreign reserves to fund overseas investments
RIYADH (Reuters) - 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.