Asian stocks gain on hopes pandemic is approaching peak
By Administrator_India Capital Sands Asian shares rose on Thursday on hopes the COVID-19 pandemic is nearing a peak and that governments would roll out more stimulus measures, while expectations of an oil production cut agreement bolstered crude prices. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.6%, following a strong Wall Street close. […]
Dollar creeps higher as virus worries return
By Administrator_India Capital Sands The dollar found a footing on Wednesday as investors returned to safe-havens, unwinding some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing. The greenback rose on most majors besides the safe-haven Japanese yen, a day after suffering its worst drop against a basket […]
India lifts restrictions on 24 drug exports amid coronavirus
By Administraor_India Capital Sands India, the world’s main supplier of generic drugs, has lifted restrictions on the export of 24 pharmaceutical ingredients and medicines made from them, the government said in a statement. It had imposed the restrictions last month as the coronavirus outbreak disrupted global supply chains. Paracetamol, a common pain reliever, and its […]
UK PM Johnson hospitalised for tests after persistent coronavirus symptoms
By Administrator_India Capital Sands British Prime Minister Boris Johnson was admitted to hospital for tests on Sunday after suffering persistent coronavirus symptoms 10 days after testing positive for the virus, though Downing Street said he remained in charge of the government. Johnson, who was isolating in Downing Street after testing positive last month, still had […]
Sterling to regain some lost ground but forecasts slashed
By Administrator_India Capital Sands Britain’s pound will have regained some of its lost ground against the dollar in a year but forecast was slashed from a month ago as the coronavirus pandemic continues to wreak havoc globally. Sterling has been hammered in recent weeks as fears about the economic impact of the pandemic sent investors […]
“Some of us will die”: India’s homeless stranded by coronavirus lockdown
By Administrator_India Capital Sands In a densely packed neighborhood of Delhi, hundreds of homeless people queued up this week as volunteers doled out rice and peas from a vat in the back of a van. Only a handful of the people in the crowd wore masks. There were no hand sanitizers or washbasins in sight […]
Australia opens pop-up coronavirus test clinic at Bondi Beach
By Administrator_India Capital Sands Australian authorities opened a pop-up coronavirus testing clinic at Sydney’s Bondi Beach on Wednesday, as the country’s central bank warned the economic fallout from the pandemic could last for more than a year. Authorities were zeroing in on specific areas that have reported clusters of infections, following a sustained slow down […]
Pandemic to hit growth in Asia, China: World Bank
By Administrator_India Capital Sands The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China, the World Bank said in an economic update on Monday. The bank said precise growth forecasts were difficult, given the rapidly changing situation, but its baseline now called for […]
Major airlines urge U.S. Treasury to disburse assistance quickly
By Administrator_India Capital Sands Major U.S. airlines asked the U.S. Treasury to move quickly to release up to $58 billion in government grants and loans and recommended formula to divide up the money. In a letter dated Saturday, carriers wrote that “given the urgent and immediate need, it is essential that these funds be disbursed […]
G20 leaders to inject $5 trillion into global economy in fight against coronavirus
By Administrator_India Capital Sands Leaders of the Group of 20 major economies pledged on Thursday to inject over $5 trillion (£4.1 trillion) into the global economy to limit job and income losses from the coronavirus and “do whatever it takes to overcome the pandemic.” Showing more unity than at any time since the G20 was […]