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 […]
Political News
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 […]
Woolard to head UK markets watchdog on interim basis
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 […]
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 fear spreads to European stocks
By Administrator_India, Capital Sands European shares slipped on Tuesday as mounting concerns over a new coronavirus originating in China sparked demand for safe-haven assets. The outbreak reminded investors of the economic fallout from the SARS crisis in 2003 that killed nearly 800 people, especially due to the increased threat of infection as hundreds of millions […]
Trump to offer first detailed impeachment defense as pivotal week begins
By Ritu, Capital Sands After refusing to cooperate with the Democratic Party-led impeachment probe in the House of Representatives, President Donald Trump will on Monday offer his first comprehensive defense, before his trial begins in earnest in the Senate. Trump, only the fourth of 45 American presidents to face the possibility of being ousted by […]
As Brexit nears, UK’s Johnson pushes for deeper trade ties with Africa
By Ritu, Capital Sands Prime Minister Boris Johnson will call for deeper investment ties between Britain and Africa at a summit for leaders of 21 African countries on Monday that comes days before his country will leave the European Union. After securing Britain’s departure from the EU, the world’s largest trading bloc, on Jan. 31, […]