By Administrator_India, Capital Sands The S&P closed lower Wednesday as the Federal Reserve left interest rates unchanged and investors digested mixed corporate earnings. The S&P 500 fell 0.09%, while the Nasdaq Composite rose 0.06% and the Dow Jones Industrial Average added 0.04%. The Federal Reserve left interest rates unchanged and signaled that it would continue with its repo funding through the […]
International
BOJ releases decade-old inflation target debates as Fed, ECB work to avoid ‘Japanification’
By Administrator_India, Capital Sands The danger of committing to an inflation target and difficulty of managing expectations were debated in earnest at the Bank of Japan a decade ago, showed transcripts released on Wednesday, as U.S. and European central bankers grapple with similar topics. The U.S. Federal Reserve and the European Central Bank have been […]
Motion for Iran to quit nuclear proliferation treaty enters parliament
By Administrator_India, Capital Sands A motion for Iran to quit the nuclear Non-Proliferation Treaty (NPT) was introduced in parliament on Tuesday, the assembly’s news site ICANA reported, in a move that appears to raise the stakes in Tehran’s confrontation with the West. The report did not say when parliament might vote on the motion. Iran’s […]
China virus death toll passes 100 as U.S., Canada issue travel warning
By Administrator_India Capital Sands The United States warned against travel to China on Monday and Canada issued a more narrow travel warning as the death toll from the spreading coronavirus passed 100, with tens of millions stranded during the biggest holiday of the year and global markets rattled. Global stocks fell, oil prices hit three-month […]
Switzerland’s Central Bank Is Stomaching Stronger Franc For Now
By Administrator_India, Capital Sands Sight deposits at the Swiss National Bank increased only marginally last week, suggesting President Thomas Jordan and his colleagues aren’t taking much action to counter the strengthening franc. Iran-U.S. tensions and fears about the spreading Coronavirus has lifted the haven franc this year. Earlier on Monday, it breached the 1.07 per euro mark […]
Air India EoI out; govt to completely exit airline
By Administrator_India, Capital Sands The Government of India will completely exit from Air India, including in units Air India Express and Air India SATS, in what is a major step to ensure success in its second attempt at the disinvestment the national carrier. “The Government of India (GOI) has given ‘in-principle’ approval for the strategic disinvestment of […]
China virus death toll mounts to 25, infections spread
By Administrator_India, Capital Sands A new coronavirus has killed 25 people in China and infected more than 800, the government said on Friday, as the World Health Organization declared it an emergency but stopped short of declaring the epidemic of international concern. China’s National Health Commission said 830 cases had been confirmed so far and […]
Asian shares wilt, oil tumbles as China virus spreads
By Administrator_India, Capital Sands Asian shares and U.S. stocks fell on Thursday as investors remained anxious about the spread of a new flu-like virus in China just as millions prepared to travel for the Lunar New Year. Oil futures tumbled to seven-week lows as the contagion was expected to hit airline travel, while the International […]
India stocks lower at close of trade; Nifty 50 down 0.52%
By Administrator_India, Capital Sands India stocks were lower after the close on Wednesday, as losses in the Metals, Oil & Gas and Power sectors led shares lower.At the close in NSE, the Nifty 50 lost 0.52%, while the BSE Sensex 30 index lost 0.50%. The best performers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd., which rose 4.89% or 13.90 points […]
China virus death toll rises to nine as pandemic fears mount
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 […]