By Administrator_India, Capital Sands Indian economic growth is poised to bounce back after slipping to a more than six-year low of 4.5% in the July-September quarter as the government has taken measures to prop up investments and consumer demand. “Corporate tax reductions, the Insolvency and Bankruptcy Code and the banking sector reforms have helped and […]
By Administrator_India, Capital Sands Oil prices extended their losses on Monday, dragged down by worries about lower demand in China, the world’s largest oil importer, following a coronavirus outbreak there. Brent and U.S. West Texas Intermediate crude fell for a fourth week in a row last week after airlines canceled flights to China. Supply chains […]
By Administrator_India, Capital Sands The death toll from a new flu-like coronavirus in China rose to nine on Wednesday with 440 confirmed cases, Chinese health officials said as authorities stepped up efforts to control the outbreak by discouraging public gatherings in Hubei province. Another 2,197 cases of close contact with patients had been confirmed and […]
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 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 India stocks advanced, extending gains for a second day on the expectation that the government’s plans to spend big will haul the country out of its economic woes. The S&P BSE Sensex 50 climbed 0.3% to 41,419.41 at 9:39 a.m. in Mumbai. The Nifty 50 Index advanced by a similar magnitude. The Sensex has had […]
By Ritu, Capital Sands The dollar started the new year where it left the old one, under pressure as investors wagered U.S. economic out performance could be coming to an end as optimism on trade brightens the outlook for growth globally. Signs of progress in the Sino-U.S. trade dispute undermined the dollar for much of […]
By Ritu, Capital Sands European shares looked set to end the decade with a whimper on Tuesday as investors locked in gains after a record rally that was fueled by optimism around trade and easing fears of a global recession. In a shortened session ahead of the New Year’s Eve celebrations, the pan-European STOXX 600 […]
By Ritu, Capital Sands The Chinese Yuan hit almost five-month highs and the USD continued to retreat on the last day of the year in Asia. The U.S. dollar index was down 0.06% to 96.69 , continuing a multi-day slide. The People’s Bank of China set the reference rate for the yuan at 6.9762, stronger than the 6.9805 fix […]
By Ritu, Capital Sands The dollar hovered near a six-month high versus the Japanese yen while the Australian dollar climbed to its strongest since July on Friday, buoyed by easing Sino-U.S. trade tensions. The optimism around prospects for a trade deal reduced demand for safe-haven currencies such as the yen, but with global currency markets […]