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 Administrator_India, Capital Sands Asian stock markets wobbled on Thursday while safe-havens such as the yen, gold and bonds rose as the number of new coronavirus cases and deaths in the outbreak’s epicentre jumped. China’s Hubei province, where the virus is believed to have originated, reported 242 new deaths, double the previous day’s toll, 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 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 […]
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 German unemployment rose more than expected in December, data showed on Friday, adding to signs that weakness in the manufacturing sector is hurting the labor market in Europe’s biggest economy. Data from the Federal Labor Office showed the number of people out of work rose by 8,000 to 2.279 million […]
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 […]