By Ritu, Capital Sands South Korea reported 161 more coronavirus cases Monday, taking the nationwide total to 763 and making it the world’s largest total outside China. The country has seen a rapid surge in the number of coronavirus cases — adding more than 700 cases in less than a week — since a cluster […]
By Administrator_India, Capital Sands Police used tear gas to disperse large crowds in India’s capital of New Delhi on Sunday in the latest eruption of violence at protests over a new citizenship law, police officials said. Hundreds of people supporting the new law clashed with those opposing it, with the two groups pelting each other […]
By Administrator_India, Capital Sands China cut the benchmark lending rate on Thursday, as widely expected, as the authorities move to lower financing costs for businesses and support an economy jolted by a severe coronavirus outbreak. The epidemic has disrupted global supply chains and caused widespread disruption to businesses and factory activity in China, prompting authorities […]
By Administrator_India, Capital Sands India will consider extending deadlines for completing solar energy projects to shield developers from stiff penalties after the coronavirus outbreak hit component supplies from China, a top government official said on Tuesday. Ratings agency Standard and Poor’s Indian unit, Crisil, warned on Monday that nearly three gigawatts of solar power projects […]
By Ritu, Capital Sands The return of risk aversion to the financial markets Tuesday has prompted more gains for the U.S. dollar, amid concerns about the extent of the damage caused by the coronavirus in China, but sterling is also showing signs of strength. EUR/USD traded at 1.0836, just off the low of 1.0823, the lowest […]
By Administrator_India, Capital Sands When artist Rachita Taneja heads out to protest in New Delhi, she covers her face with a pollution mask, a hoodie or a scarf to reduce the risk of being identified by police facial recognition software. Police in the Indian capital and the northern state of Uttar Pradesh – both hotbeds […]
By Ritu, Capital Sands Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China were offset by expectations that output cuts from major producers will tighten crude supply. U.S. West Texas Intermediate crude rose 3 cents to $52.08 a barrel, after […]
By Administrator_India, Capital Sands Asian shares reversed earlier losses on Monday and moved back toward a three-week top as Chinese efforts to cushion the blow from a coronavirus outbreak cheered investors, although Japanese stocks faltered amid growing recession risks. Trading is expected to be light as U.S. stocks and bond markets will be shut on […]
By Ritu, Capital Sands Wang Chuanchao shuttered his restaurant in central Beijing three weeks ago as the scare over the coronavirus epidemic in country kept customers away and now he’s reduced to selling off vegetables on the street outside to cut losses. Anticipating packed tables at his 125-seater restaurant over the Lunar New Year, Wang […]
By Administrator_India, Capital Sands India’s rural inflation rate surged faster than urban inflation for the first time in 19 months in January, and economists are optimistic that signals something the country desperately needs – a revival in demand in the rural economy. Around two-thirds of India’s population depends on the rural sector with agriculture accounting […]