By Administrator_India Capital Sands Gold was up on Wednesday morning in Asia, with investor worries about rising numbers of COVID-19 cases globally and expectations of further stimulus measures giving the yellow metal a boost. The number of cases topped 9.2 million as of June 24, according to Johns Hopkins University data. Gold futures were up by […]
Author: Administrator_India
Global coronavirus cases top 9 million as outbreak surges in Brazil, India
By Administrator_India Capital Sands Global cases of the novel coronavirus surpassed 9 million on Monday, as Brazil and India grappled with a surge in infections, and the United States, China and other hard-hit countries reported new outbreaks. The first case was reported in China in early January and it took until mid-May to reach 4.5 […]
China likely lost at least 40 soldiers in border clash
By Administrator_India Capital Sands China lost at least 40 soldiers in a clash with India at their disputed border this week, a government minister has said, as the nuclear-armed countries remained locked in confrontation on the frontline on Sunday. China has not said anything about any losses in the hand-to-hand combat that took place in […]
Japan lifts coronavirus travel curbs to help economy bounce back
By Administrator_India Capital Sands Japan lifted all coronavirus-related curbs on domestic travel on Friday, with Prime Minister Shinzo Abe calling on people to go sightseeing or attend concerts and other events to help the nation’s economy bounce back from a pandemic recession. Japan began lifting its pandemic lockdown in May as coronavirus infections fell. The […]
Fitch cuts India’s outlook to ‘negative’
By Administrator_India Capital Sands Ratings agency Fitch cut its outlook for India to “negative” from “stable” on Thursday, saying that the coronavirus outbreak had an unfavourable impact on the economy. “The coronavirus pandemic has significantly weakened India’s growth outlook for this year and exposed the challenges associated with a high public-debt burden,” Fitch said in […]
India, China troops clash at Himalayan border, ‘casualties on both sides’
By Administrator_India Capital Sands India’s army said on Tuesday 20 of its soldiers had been killed in clashes with Chinese troops at a disputed border site, in a major escalation of a weeks-long standoff between the two Asian giants in the western Himalayas. India’s army said on Tuesday 20 of its soldiers had been killed […]
Sensex, Nifty jump as U.S. Fed’s debt buying offers liquidity hopes
By Administrator_India Capital Sands Indian shares rose on Tuesday, joining a global rally, after the U.S. Federal Reserve’s corporate bond buying programme boosted hopes of liquidity in domestic markets and outweighed concerns about another round of lockdowns in the face of rising COVID-19 cases. The Nifty rose 2.16% to 10,021.55 by 0346 GMT, while the […]
Japan will resume fiscal reform once economy out of deflation
By Administrator_India Capital Sands Japan will resume efforts to improve its fiscal health once the economy emerges from deflation and overcomes the hit from the coronavirus pandemic, Prime Minister Shinzo Abe said on Monday. “Japan’s economy is battling a crisis, so the priority now is to use all available means to put it on a […]
Asia stocks slide as coronavirus fears return
By Administrator_India Capital Sands Asian shares fell sharply on Friday and oil prices extended losses on growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery in economies reopening from lockdowns, or even lead to fresh restrictions. MSCI’s broadest index of Asia-Pacific shares outside Japan slid 1.52%, after a strong run-up […]
Fed vows to support U.S. economy’s ‘long road’ to recovery after dire 2020
By Administrator_India Capital Sands The U.S. Federal Reserve on Wednesday signaled it plans years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting the economy to shrink 6.5% in 2020 and the unemployment rate to be 9.3% at year’s end. In the first economic projections of […]