Air India EoI out; govt to completely exit airline
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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
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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
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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
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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 […]

Indian shares inched higher for a fifth straight session on Tuesday, helped by gains in auto and finance stocks, even as COVID-19 cases soared............
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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
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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 […]

China virus fear spreads to European stocks
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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 […]

Asia shares lurch lower, China flu risks mount
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Asia shares lurch lower, China flu risks mount

By Ritu, Capital Sands Asian shares took a sudden lurch lower on Tuesday as mounting concerns about a new strain of pneumonia in China sent a ripple of risk aversion through markets. Safe-haven bonds and the yen edged higher as investors were reminded of the economic damage done by the SARS virus in 2003, particularly […]

Trump to offer first detailed impeachment defense as pivotal week begins
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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 […]

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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, […]