Page 110 - Fiscal News Today

S & P 500 FUNDAMENTALFORECAST: BULLISH

Islamic Arab Insurance Company (Salama) has announced its preliminary results for the 2020 fiscal year, with a significant growth in net proft for the year to Dh136.13 milliion, more than double last year.

MSCI’s gauge of stocks across the globe increased for a 10th straight session and recorded high as investors predictable new fiscal support from Washington to help the US economy to get recovered, while benchmark US Treasury yields increased to high records.

According to Ecoscope report by Motilal Oswal Financial Services, after declining 5.5 per cent YoY in FY21, transfer (devolution + grants) to states is budgeted to grow 15 per cent YoY next year, implying an average growth of 4.5 per cent in FY21-22 vis-a-vis an average growth of 14.4 per cent in the pre-COVID (FY16-19) period.Sinc

For the first time post the spread of COVID-19, Indian Railway's cumulative freight revenue surged past previous fiscal and stood at Rs 98,068.

Net incomes of USD18.9 billion on investments in the first nine months of the fiscal year 2020-2021 were proclaimed by Kuwait’s Public Institution for Social Security (PIFSS).

According to Ecoscope report by Motilal Oswal Financial Services, after declining 5.5 per cent YoY in FY21, transfer (devolution + grants) to states is budgeted to grow 15 per cent YoY next year, implying an average growth of 4.5 per cent in FY21-22 vis-a-vis an average growth of 14.4 per cent in the pre-COVID (FY16-19) period.Sinc

In the wake of the 18th Amendment, fiscal management needs fresh thinking The Pakistan Tehreek-i-Insaf government is facing grim challenges on the fiscal front as the Summary of Consolidated Federal and Provincial Fiscal Operations, 2020-21, released by the Ministry of Finance on February 3, 2021 for the first six months of the current fiscal year shows. It indicates that a part of defence spending is now funded by borrowing. This is more than a fiscal fiasco — a serious cause of concern thr...

Coast Guard stops 8 Cuban migrants off the Florida Keys Coast Guard stops 8 Cuban migrants off the Florida Keys Gwen Filosa Thu, February 11, 2021, 6:14 PM The U.S Coast Guard stopped eight Cuban migrants in a boat off the Upper Keys this week. They were sent back to Cuba. A good Samaritan on Monday alerted Coast Guard Sector Key West to the people in the “rustic vessel,” the Coast Guard reported. A Station Islamorada rescue crew was launched “due to concerns of safety of life at se...

BANGKOK: Thailand’s fiscal and monetary policies must work in step as the government tries to revive the tourism-reliant economy after a recent wave of coronavirus infections, the finance minister said yesterday.