European shares slump to 2012 lows
By Ritu, Capital Sands European shares tumbled more than 8% on Monday as the coronavirus pandemic raged through much of Europe, with dramatic monetary easing by global central banks failing to reassure investors about its growing economic damage. The pan-European STOXX 600 fell 8.2% to its lowest since November 2012, with bourses in France and […]
India proposes regional fund to fight coronavirus as cases exceed 100
By Administrator_India Capital Sands India proposed setting up an emergency fund to fight the coronavirus outbreak in South Asia on Sunday, with New Delhi offering $10 million to get it going, as the number of confirmed infections in the country rose past 100. “Any of us can use the fund to meet the cost of […]
Oil rises over 3% but set for biggest weekly thumping since 2008
By Ritu, Capital Sands Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite rising over 3% on Friday, as investors fretted over evaporating demand from the coronavirus pandemic and a production ramp-up by top producers. Brent crude was up $1.12, or 3.4%, at $34.33 a barrel by 0728 GMT […]
Argentina needs ‘substantial’ relief in $70 billion debt talks
By Ritu, Capital Sands Argentina will need “substantial relief” as it restructures nearly $70 billion in debt with international bondholders, the country’s economy minister Martin Guzman told , signaling a tough tonic ahead for the country’s creditors. In his first interview with international media since taking up his role in December, the 37-year-old U.S. trained […]
Police arrest over 500 for Delhi sectarian violence
By Ritu, Capital Sands Police have arrested 514 people for deadly Hindu-Muslim violence that broke out in the capital, the government said, as it faced mounting international criticism for failing to protect minority Muslims. Police said the toll from days of blood-letting stood at 35, but local media, citing unnamed sources, said it was likely […]
Dollar stumbles as coronavirus ramps up Fed cut bets
By Administrator_India Capital Sands The dollar nursed losses on Friday after its worst day against the euro in nearly two years, as the global spread of the coronavirus fired up expectations for a U.S. rate cut and pushed the hunt for yield elsewhere. The worsening outbreak now has money markets all but certain the Federal […]
SEBI gives direct access to stock exchanges for mutual fund investments
By Ritu, Capital Sands Very soon, investors will be able to invest in mutual funds directly through the stock exchanges on their own and without the assistance of their distributors or Registered Investment Advisors . The Securities and Exchange Board of India has asked stock exchanges to allow investors to buy and sell mutual funds […]
Modi holds huge rally for U.S. president’s India visit
By Administrator_India Capital Sands Donald Trump was cheered by more than 100,000 Indians at the opening of the world’s largest cricket stadium on Monday, promising “an incredible trade deal” and “the most feared military equipment on the planet” at his biggest rally abroad. Indians wore cardboard Trump masks and “Namaste Trump” hats to welcome the […]
Virus spread beyond China drives investors to dollars
By Administrator_India Capital Sands Asian currencies slid on Monday as the rapid spread of the coronavirus outside China drove fears of a pandemic and sent investors flocking to gold and the dollar for safety. Italy, South Korea and Iran posted sharp rises in infections over the weekend. South Korea now has more than 760 cases, […]
Euro edges lower on economic pessimism, Aussie hit by rate outlook
By Administrator_India Capital Sands The euro fell toward a three-year low versus the dollar ahead of a highly watched German survey on Tuesday, which is expected to show a sharp slump in investor confidence and fuel growing pessimism about the outlook for Europe’s largest economy. Financial markets clung to tight ranges following a U.S. public […]