PBOC Acts to Stabilize Yuan After Currency Under-performs Peers
By Administrator_India Capital Sands China set its daily reference rate for the yuan at a stronger-than-expected level Thursday, with the central bank perhaps signaling efforts to support the currency following recent weakness. The PBOC put the fixing at 7.0692 yuan per dollar, 105 basis points stronger than the average forecast of analysts surveyed by Source. […]
UK inflation falls from six-month high
By Administrator_India Capital Sands British inflation fell in February, before the coronavirus crisis hit the country, and economists predict a further sharp fall in the next couple of months due to the collapse in global oil prices caused by the pandemic. Consumer price inflation fell to 1.7% in February from a six-month high of 1.8% […]
Asian shares track Wall Street surge as US stimulus hopes grow
By Administrator_India Capital Sands Asian shares extended their rally on Wednesday in the wake of Wall Street’s big gains as US Congress appeared closer to passing a $2 trillion stimulus package to curb the coronavirus pandemic’s economic toll. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.3% with Australian shares rising 4.5% and South […]
Banks struggle to ride to the rescue in Europe’s cash crunch battle
By Administrator_India Capital Sands Corrado Sforza Fogliani is on the frontlines of European efforts to keep the region’s economy alive amid the coronavirus pandemic. His small cooperative bank, Banca di Piacenza, in Italy’s virus-ravaged north, has been flooded with applications from customers seeking loan extensions, debt relief and renewal of credit lines. Buried in paperwork […]
घर बैठे इंटरनेट के जरिए कमाएं पैसा, हर महीने कमाने का मौका
कोरोना वायरस के खतरे को देखते हुए ज्यादातर लोग घर से काम कर रहे हैं. लेकिन, कई ऐसे भी लोग हैं, जिनकी कमाई फिलहाल बंद हो गई है | बिजनेसमैन से लेकर नौकरीपेशा तक परेशान है. ऐसे लोगों के लिए वर्क फ्रॉम होम काफी फायदेमंद है. ‘वर्क फ्रॉम होम’ यानी घर से काम, ये वो […]
Gold Extends Surge After Fed Unveils Measures to Support Economy
By Administrator_India Capital Sands Gold extended gains after the Federal Reserve took unprecedented measures to shore up the U.S. economy, which has been hit by the spread of the coronavirus. In a surprise announcement Monday, the U.S. central bank said it would buy unlimited amounts of Treasury bonds and mortgage-backed securities to keep borrowing costs […]
Saudi imposes curfew to curb coronavirus spread, UAE suspends passengers flights
By Administrator_India Capital Sands Saudi Arabia will impose a nationwide curfew starting on Monday after reporting a jump of almost a quarter in coronavirus cases, while the United Arab Emirates will suspend all passenger and transit flights to and from the country. Saudi King Salman ordered a curfew – from 7 pm to 6 am […]
Global economy already in recession on coronavirus devastation
By Ritu, Capital Sands The global economy is already in a recession as the hit to economic activity from the coronavirus pandemic has become more widespread, according to economists polled by Reuters amid a raft of central bank stimulus actions this week. The spread of the disease caused by the virus, COVID-19, has sent financial […]
India to halt international flights; Modi urges citizens to stay home as virus spreads
By Administrator_India Capital Sands Prime Minister Narendra Modi appealed to citizens to stay home and avoid panic buying, even as India outlined plans to halt all international flights and rushed to stem the spread of coronavirus cases in the country. In a late night address to the nation on Thursday, Modi said people should leave […]
Tokyo Olympics chief attended meeting with official who now has coronavirus
By Ritu, Capital Sands Tokyo 2020 Olympics chief Yoshiro Mori attended a meeting on March 10 that included the deputy head of the Japanese Olympic Committee who tested positive for the new coronavirus this week, officials said. Mori, who is 82 and has lung cancer, has not been tested because he has no symptoms of […]