A broker reacts while trading at his terminal at a stock brokerage company in Mumbai. File/Reuters
Indian shares tumbled on Friday, as banking stocks came under pressure after the country’s central bank placed troubled lender Yes Bank under a moratorium and took over its board.
Indian stock markets erased all their initial gains on Friday, with the BSE Sensex closing 131.18 points lower, although the Reserve Bank of India (RBI) announced an emergency rate cut of 75 basis points.
Coronavirus fears continued to cause mayhem in the stock markets as the BSE Sensex ended over 2,700 points lower and the Nifty50 on the National Stock Exchange (NSE) settled below the 9,200 mark. This is the second biggest single-day fall in the history of Sensex.
Victorya Matevossian disclosed that Dubai is one of the safest destinations for travellers in world, adding that around 70% of Armenian tourists have travelled to the ‘City of Wonders’ during the COVID-19 pandemic.
Dr Sultan Bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, met with Sung Yun-mo, Minister of Trade, Industry and Energy of the Republic of Korea
Oil prices rose more than $1 per barrel on Thursday after Saudi Energy Minister Prince Abdulaziz bin Salman urged caution and vigilance at the beginning of a meeting of Opec ministers and their allies about the future of supply cuts.