Euro Pound Exchange Rate Rises, UK Markets Brace for BoE Rate Decision
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Euro Pound Exchange Rate Rises, UK Markets Brace for BoE Rate Decision

By Administrator_India, Capital Sands The Euro Pound  exchange rate rose by 0.3% this morning, with the pairing currently trading around £0.848 as UK markets remain jittery ahead of this afternoon’s Bank of England  interest rate decision.The BoE’s decision is on a ‘knife-edge’. With just one day to go until the UK officially leaves the European […]

Stocks - S&P Slips as Virus Fears Persist, Fed Stands Pat on Rates
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Stocks – S&P Slips as Virus Fears Persist, Fed Stands Pat on Rates

By  Administrator_India, Capital Sands The S&P closed lower Wednesday as the Federal Reserve left interest rates unchanged and investors digested mixed corporate earnings. The S&P 500 fell 0.09%, while the Nasdaq Composite rose 0.06% and the Dow Jones Industrial Average added 0.04%. The Federal Reserve left interest rates unchanged and signaled that it would continue with its repo funding through the […]

BOJ releases decade-old inflation target debates as Fed, ECB work to avoid 'Japanification'
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BOJ releases decade-old inflation target debates as Fed, ECB work to avoid ‘Japanification’

By  Administrator_India, Capital Sands The danger of committing to an inflation target and difficulty of managing expectations were debated in earnest at the Bank of Japan a decade ago, showed transcripts released on Wednesday, as U.S. and European central bankers grapple with similar topics. The U.S. Federal Reserve and the European Central Bank have been […]

Motion for Iran to quit nuclear proliferation treaty enters parliament
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Motion for Iran to quit nuclear proliferation treaty enters parliament

By  Administrator_India, Capital Sands A motion for Iran to quit the nuclear Non-Proliferation Treaty (NPT) was introduced in parliament on Tuesday, the assembly’s news site ICANA reported, in a move that appears to raise the stakes in Tehran’s confrontation with the West. The report did not say when parliament might vote on the motion. Iran’s […]

China virus death toll passes 100 as U.S., Canada issue travel warning
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China virus death toll passes 100 as U.S., Canada issue travel warning

By  Administrator_India Capital Sands The United States warned against travel to China on Monday and Canada issued a more narrow travel warning as the death toll from the spreading coronavirus passed 100, with tens of millions stranded during the biggest holiday of the year and global markets rattled. Global stocks fell, oil prices hit three-month […]

Switzerland’s Central Bank Is Stomaching Stronger Franc For Now
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Switzerland’s Central Bank Is Stomaching Stronger Franc For Now

By  Administrator_India, Capital Sands Sight deposits at the Swiss National Bank increased only marginally last week, suggesting President Thomas Jordan and his colleagues aren’t taking much action to counter the strengthening franc. Iran-U.S. tensions and fears about the spreading Coronavirus has lifted the haven franc this year. Earlier on Monday, it breached the 1.07 per euro mark […]

Air India EoI out; govt to completely exit airline
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Air India EoI out; govt to completely exit airline

By Administrator_India, Capital Sands The Government of India will completely exit from Air India, including in units Air India Express and Air India SATS, in what is a major step to ensure success in its second attempt at the disinvestment the national carrier. “The Government of India (GOI) has given ‘in-principle’ approval for the strategic disinvestment of […]

Woolard to head UK markets watchdog on interim basis
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Woolard to head UK markets watchdog on interim basis

By Administrator_India, Capital Sands Britain’s finance ministry has appointed Christopher Woolard as interim chief executive of the Financial Conduct Authority  to navigate the financial sector after Brexit. CEO Andrew Bailey leaves in March to become governor of the Bank of England, when Woolard will take over the FCA as interim chief executive. Woolard is currently […]

China virus death toll mounts to 25 infections spread
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China virus death toll mounts to 25, infections spread

By Administrator_India, Capital Sands A new coronavirus has killed 25 people in China and infected more than 800, the government said on Friday, as the World Health Organization declared it an emergency but stopped short of declaring the epidemic of international concern. China’s National Health Commission said 830 cases had been confirmed so far and […]

Asian shares wilt, oil tumbles as China virus spreads
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Asian shares wilt, oil tumbles as China virus spreads

By  Administrator_India, Capital Sands Asian shares and U.S. stocks fell on Thursday as investors remained anxious about the spread of a new flu-like virus in China just as millions prepared to travel for the Lunar New Year. Oil futures tumbled to seven-week lows as the contagion was expected to hit airline travel, while the International […]