By Administrator_India Capital Sands The US dollar index that tracks the greenback against a basket of currencies was flat at 92.47 by 10:23 PM ET. Data on non-farm payrolls out on Friday in the U.S. could shed some light on the strength of the economic recovery there. On Thursday, the U.S. Department of Labor reported initial […]
By Administrator_India Capital Sands German coalition parties agreed on Tuesday to extend measures to cushion the effects of the coronavirus crisis on Europe’s biggest economy at a cost of up to 10 billion euros, including prolonging a short-time work scheme and freezing insolvency rules. The German economy contracted at its steepest rate on record in the second quarter and the government is […]
By Administrator_India Capital Sands Indian Oil Corp, the country’s top refiner, is close to winning its first contract to export up to 720,000 tonnes of clean products to Mauritius under an annual deal from November, two sources familiar with the matter said. IOC mostly stays away from participating in term tenders for fuel exports as […]
By Administrator_India Capital Sands Mexico received at least 13 million foreign visitors during the first six months of 2020, a drop of 41.2% from the same period last year, Tourism Minister Miguel Torruco said late Tuesday, as the coronavirus pandemic hammered the tourism industry. Torruco said in a statement that the decline in tourists had […]
By Administrator_India Capital Sands U.S. employment growth likely slowed significantly in July amid a resurgence in new COVID-19 infections, which would provide the clearest evidence yet that the economy’s recovery from the recession caused by the pandemic was faltering. The Labor Department’s closely watched employment report on Friday could pile pressure on the White House […]
By Administrator_India Capital Sands India’s factory slump deepened in July as renewed lockdown measures to contain surging coronavirus cases weighed on demand and output, raising the chances of a sharper economic contraction, a private business survey showed on Monday. Asia’s third-largest economy, which has the third-highest coronavirus caseload globally, is expected to shrink at its […]
By Administrator_India Capital Sands India’s retail inflation picked up in June, pushed by price increases for some food and fuel items, but economists said the central bank could still ease rates because of concerns about economic slowdown caused by lockdown. Annual retail inflation rose to 6.09% in June, compared to 5.84% in March, and 5.30% […]
By Administrator_India Capital Sands Punjab National Bank said on Thursday it had reported loans made to Dewan Housing Finance Corporation Ltd worth 36.89 billion rupees ($491 million) to India’s central bank as “fraud.” Indian state-owned lender PNB, which was hit by a $2 billion fraud involving billionaire Nirav Modi in 2018, had already set aside […]
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 […]
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 […]