By Ritu, Capital Sands Turkey’s lira fell to a record low against the U.S. dollar on Thursday after traders interpreted comments from a Federal Reserve policy maker as ruling out a Fed swap line to cushion Ankara’s depleted reserves. Thursday’s fall to 7.25 pushed it beyond the record low hit during a 2018 currency crisis and […]
By Administrator_India Capital Sands European stock markets weakened Wednesday, after a five-day rally, as investors reined in their bets on a swift and thorough economic rebound later in the year. At 3:45 AM ET (0745 GMT), the U.K.’s FTSE index traded 1.2% lower, France’s CAC 40 was down 1.3%, while the DAX fell 1.6%. The broader based Stoxx 600 Europe index climbed 2%. […]
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By Administrator_India Capital Sands India said on Sunday its hospital network is adequately prepared to tackle the spread of the coronavirus, with over 100,000 beds ready to cater to a potential surge in patient numbers. In neighbouring Bangladesh, Prime Minister Sheikh Hasina announced a relief package worth about $1.7 billion to help farmers struggling because […]
By Ritu, Capital Sands After a widely expected and sharp drop in the U.S. economy over the next three months, a panel of top business economists sees high joblessness persisting for more than a year in an outcome that would douse hopes for a quick, post-pandemic return to normal. The number of jobs destroyed by […]
By Administrator_India Capital Sands The Indian government on Thursday claimed initial success in its fight against the coronavirus epidemic, saying it would have been hit with 820,000 cases by next week had it not imposed a nationwide lockdown. The number of people infected with the virus stood at 5,865 including 169 dead, far smaller than […]
By Ritu, Capital Sands British Prime Minister Boris Johnson was getting better on Thursday in intensive care where he is battling COVID-19 as his government extended its overdraft facility and reviewed the most stringent shut down in peacetime history. Johnson, 55, was admitted to St Thomas’ hospital on Sunday evening with a persistent high temperature […]
By Administrator_India Capital Sands India is considering plans to seal off coronavirus hotspots in Delhi, Mumbai and parts of the south while easing restrictions elsewhere as a way out of a three-week lockdown that has caused deep economic distress, officials said on Wednesday. The sweeping clampdown in the country of 1.3 billion people to prevent […]
By Ritu, Capital Sands Anyone who’s been to a supermarket in the last few weeks has probably come away with the idea that the sector is doing better than most in the current Covid-19 crisis. Yes, there has been an uplift from panic-buying of staples – a 30% uplift in U.K. stores, the company said […]
By Administrator_India Capital Sands Hundreds of thousands of cash-starved Indian small businesses have either deferred or cut their workers’ wages this month, say industrialists and union leaders, amid a 21-day nationwide lockdown to stem the spread of the coronavirus pandemic. All India Manufacturers Organisation an industry body representing some 100,000 small manufacturers – said more […]