By Administrator_India, Capital Sands The dollar held gains on Monday after job market data provided the latest sign of U.S. economic strength, while worries about the coronavirus epidemic kept other trade-exposed currencies subdued. Data on Friday showed U.S. job growth accelerated last month, blowing past estimates, with particular strength in construction – indicating the economy […]
By Administrator_India, Capital Sands Oil headed for a fifth weekly loss as demand concerns grow in Asia and Europe, while OPEC+ awaited Russia’s response to its proposal to cut output further. Chinese refiners are processing 15% less crude than before the coronavirus outbreak, said people with knowledge of operations at the nation’s largest complexes. In […]
By Administrator_India, Capital Sands The Reserve Bank on Thursday expectedly left interest rates unchanged amid uncertain inflation outlook but left the door open for more easing in future even as it took steps to spur credit growth in an economy facing its worst slowdown in more than a decade. Here are the key numbers: • CPI projection […]
By Administrator_India, Capital Sands India wants to double defence exports over the next five years, Prime Minister Narendra Modi said on Wednesday, as the country seeks to cut its import bill amid a funding crunch that has forced successive governments to go slow on new orders. “For several years India has been a net importer […]
By Administrator_India, Capital Sands Asian markets rose on Wednesday morning, building on gains from the previous session. Chinese and Japanese stocks climbed more than 1%. China’s Shanghai Composite gained 1.6% , while the Shenzhen Component jumped 2.5%. The People’s Bank of China lowered interest rates on reverse repurchase agreements this week, reducing the 7-day reverse repo rate […]
By Administrator_India, Capital Sands China’s currency and stock markets steadied in choppy trade on Tuesday, after anxiety over the spreading coronavirus the previous session hit the yuan and erased some $400 billion in market value from Shanghai’s benchmark index. The Shanghai Composite opened 2% lower, before wobbling its way back from losses to stand 0.6% […]
By Administrator_India, Capital Sands Britain’s access to the European Union’s single market will depend on its alignment with the bloc’s rules and regulations, EU Brexit negotiator Michel Barnier said on Friday. He said an offer of zero tariffs and zero quotas on all goods to the UK, which left the EU last week, would be […]
By Administrator_India, Capital Sands The U.S. Senate impeachment trial of Donald Trump enters a new phase on Friday as senators deliberate and aim to vote on whether witnesses and new evidence should be sought before voting on acquittal or conviction of the Republican president. Late on Thursday, senators completed two days of questioning of Trump’s […]
By Administrator_India, Capital Sands Wall Street finished solidly higher Thursday, coming back from a day of mostly sharp losses, after the World Health Organization declared the coronavirus a global health emergency, but backed China’s efforts to contain the outbreak, calming fears of a global pandemic. The S&P 500 rose 0.31%, while the Nasdaq Composite gained 0.26% and the Dow Jones […]
By Administrator_India, Capital Sands The Euro Pound exchange rate rose by 0.3% this morning, with the pairing currently trading around £0.848 as UK markets remain jittery ahead of this afternoon’s Bank of England interest rate decision.The BoE’s decision is on a ‘knife-edge’. With just one day to go until the UK officially leaves the European […]