By Ritu, Capital Sands Wang Chuanchao shuttered his restaurant in central Beijing three weeks ago as the scare over the coronavirus epidemic in country kept customers away and now he’s reduced to selling off vegetables on the street outside to cut losses. Anticipating packed tables at his 125-seater restaurant over the Lunar New Year, Wang […]
By Ritu, Capital Sands India plans to offer around 6,000 acres of land in Kashmir as part of a business summit planned for April or May to help the Himalayan region after withdrawing its special rights and making sweeping administrative changes. Jammu and Kashmir was India’s only Muslim-majority state until August, when the federal government […]
By Ritu, Capital Sands Asian shares took a sudden lurch lower on Tuesday as mounting concerns about a new strain of pneumonia in China sent a ripple of risk aversion through markets. Safe-haven bonds and the yen edged higher as investors were reminded of the economic damage done by the SARS virus in 2003, particularly […]
By Ritu, Capital Sands After refusing to cooperate with the Democratic Party-led impeachment probe in the House of Representatives, President Donald Trump will on Monday offer his first comprehensive defense, before his trial begins in earnest in the Senate. Trump, only the fourth of 45 American presidents to face the possibility of being ousted by […]
By Ritu, Capital Sands Prime Minister Boris Johnson will call for deeper investment ties between Britain and Africa at a summit for leaders of 21 African countries on Monday that comes days before his country will leave the European Union. After securing Britain’s departure from the EU, the world’s largest trading bloc, on Jan. 31, […]
By Ritu, Capital Sands As the budget day draws near, economists have strongly argued against personal tax cuts arguing that government should use the money it has to invest and stimulate demand. Exports said income tax cut would benefit only 2-3 percent of the population and may not be the best option to stimulate growth. […]
By Ritu, Capital Sands In a massive outreach by the central government in Jammu and Kashmir two months after it formally became a Union territory, about 36 union ministers are scheduled to visit it from January 18 to January 25 to meet people and exchange ideas on the possibilities in the region. While the Citizenship Amendment Act […]
By Ritu, Capital Sands U.S. President Donald Trump threw his support, welcome or not, behind Democratic presidential contender Bernie Sanders in his back-and-forth with rival Elizabeth Warren, saying he did not believe Sanders would suggest a woman could not win the 2020 election. Tensions between Warren and Sanders, two progressive U.S. senators who are running […]
By Ritu, Capital Sands Michael Debabrata Patra, 59, has been appointed the Reserve Bank of India (RBI) deputy governor for three years. The post fell vacant after Viral Acharya resigned on July 23 last year. Patra, as executive director of the central bank, was the principal advisor to the Monetary Policy Department since July 2012. […]
By Ritu, Capital Sands The pound extended its decline to the longest run in eight months as speculation of an imminent Bank of England interest-rate cut increased. Sterling fell as much as 0.3% against the dollar to $1.2955. Credit Agricole SA pointed out that more than half of the members of the bank’s Monetary Policy Committee are […]