By Administrator_India, Capital Sands Australia and Taiwan joined a growing list of countries offering financial aid to their ailing aviation sectors as global airlines announced deeper capacity cuts due to plummeting demand and stricter border controls associated with the coronavirus. With airlines halting plane deliveries and new orders to conserve cash, Boeing Co called on the […]
By Administrator_India, Capital Sands Australia’s central bank cut its benchmark interest rate and said it was ready to do so again as it became “increasingly clear” the coronavirus would cause major disruption to economic activity worldwide, according to minutes of its March 3 meeting. The board reduced the cash rate to 0.5% “to provide additional […]
By Administrator_India, Capital Sands China’s industrial output contracted at the sharpest pace in 30 years in the first two months of the year as the fast spreading coronavirus and strict containment measures severely disrupted the world’s second-largest economy, data showed on Monday. Urban investment and retail sales also fell sharply and for the first time […]
By Administrator_India, Capital Sands It was a dismal end to the week for Asian markets, which took more hard hits after US markets tumbled in their worst session since the 1987 “Black Monday” crash. With details still scarce on a stimulus package proposed by U.S. President Donald Trump and despite the announcement of a US$1.5 […]
By Administrator_India, Capital Sands The new U.S. ban on foreign citizens entering the country if they have traveled to Europe in recent weeks will heap more pressure on airlines already reeling from the coronavirus pandemic, hitting European carriers the hardest, analysts said. The 30-day restrictions from Friday, which exclude Britain, are similar to those that […]
By Administrator_India https://capitalsands.com/ After sailing close to the wind since the Lok Sabha elections last year, the Madhya Pradesh government, run by the Congress, was on the verge of collapse on Tuesday, and it looks certain that Shivraj Singh Chouhan of the BJP will return as chief minister. Chouhan had been chief minister from 2005 to the […]
By Administrator_India, Capital Sands Oil prices plunged around 25% on Monday, heading towards their biggest daily loss since 1991 after Saudi Arabia slashed prices and set plans for a big increase in crude production in April. Prices fell as much as 31% following the Saudi move to start a price war after Russia balked at […]
By Administrator_India Capital Sands Gold prices inched higher on Friday and were poised for their biggest weekly gain since October 2011, as mounting worries over the economic fallout from the fast-spreading coronavirus drove investors towards the safe-haven metal. Spot gold climbed 0.2% to $1,672.80 per ounce by 0118 GMT, having risen about 2% in the […]
By Administrator_India, Capital Sands Asian shares rallied for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook. Wall Street seemed to find relief in the strong performance of former Vice President Biden in the Democratic nomination campaign. […]
By Administrator_India, Capital Sands The S&P fell sharply on Tuesday as the Federal Reserve rate cut was largely shrugged off amid an ongoing spread of the coronavirus in the U.S. The S&P 500 slumped 2.8%, the Nasdaq Composite lost 3% and the Dow Jones Industrial Average fell 2.95%, or 789 points. Washington state authorities now report nine deaths from Covid-19, while […]