Yen, Euro gain on dollar as markets bet Fed will cut rates this month
By Administrator_India Capital Sands The yen and the euro were on the front foot against the dollar on Monday as traders raised their bets of an interest rate cut by the U.S. Federal Reserve this month to shield the economy from the rapid spread of the coronavirus. As U.S. shares were routed in recent days, […]
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 […]
South Korea reports 334 new coronavirus cases, postpones military drill with U.S. troops
By Administrator_India Capital Sands South Korea reported 334 additional cases of the new coronavirus on Thursday, the largest daily increase yet, as the U.S. State Department issued a new travel warning for South Korea and a joint military drill was postponed. The new cases bring the total tally to 1,595, the Korea Centers for Disease […]
More than a dozen killed, hundreds injured as New Delhi riots overshadow Trump visit
By Administrator_India Capital Sands More than a dozen people have been killed and hundreds injured in clashes between opposing groups of protesters in New Delhi, hospital officials said on Tuesday, as riots overshadowed U.S. President Donald Trump’s first visit to India. The clashes, the worst in the capital since unrest over a new citizenship law […]
Gold retreats from seven-year high, but virus fears limit losses
By Ritu, Capital Sands Gold prices fell on Tuesday as investors booked profits from a jump to a seven-year high in the previous session and as equities regained some footing, but a spike in coronavirus cases outside of China capped bullion’s losses. Spot gold was down 0.7% at $1,648.36 per ounce as of 0605 GMT. […]
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 […]
Adani Group eyes Air India, talks in preliminary stage
By Ritu, Capital Sands Billionaire industrialist Gautam Adani backed diversified conglomerate Adani group is weighing a potential bid for state-run carrier Air India, Experts Said. If the deal fructifies, it will mark the Adani group’s big-bang entry into the domestic airline market. “The Adani group has engaged advisors and is evaluating submission of an expression […]
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, […]