Dollar shines against Euro, riskier peers as virus hit widens
By Administrator_India Capital Sands The dollar stood tall over the languishing euro and heavily sold exporter currencies on Wednesday, as investors reckoned with a deepening economic fallout from the coronavirus. The new coronavirus has caused 2,004 deaths in China and infected more than 74,000 people, while measures to contain it have paralyzed the economy and […]
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 […]
Coronavirus cases rise again in China as recession looms for Japan, Singapore
By Administrator_India Capital Sands The number of reported new cases of coronavirus in China’s Hubei province rose on Monday after two days of falls, as authorities imposed tough new restrictions on movement to prevent the spread of the disease which has now killed more than 1,700 people. With no end in sight for the outbreak, […]
Asian Markets Rise; Nikkei Underperforms Amid Weak Consumer Spending Data
By Administrator_India Capital Sands Asian markets rose on Friday morning as traders continued to monitor developments on the coronavirus outbreak following Thursday’s spike in the number of cases reported. China’s Shanghai Composite rose by 0.5%, while the Shenzhen Component climbed 1.4%. Beijing is set to cut tariffs on certain U.S. products by half later in the […]
Oil prices rise as new virus cases slow, easing Chinese demand concerns
By Administrator_India, Capital Sands Oil prices rose for a second day on Wednesday amid preliminary signs that new coronavirus cases are slowing in China, easing concerns over the demand impact from the disease in the world’s second-largest oil consumer. Brent crude was up 73 cents, or 1.3%, at $54.75 per barrel. U.S. West Texas Intermediate […]
China’s central bank injects 900 billion into market
By Administrator_India Capital Sands The People’s Bank of China (PBOC) conducted repo operations worth 900 billion yuan on Monday. The central bank injected 700 billion yuan seven-day reverse repos at an interest rate of 2.4% and pumped 200 billion yuan through 14-day reverse repos at an interest rate of 2.55%. Even so, the net liquidity addition […]
Stocks – Wall Street Hits Records as Tech Rallies, Virus Fears Ebb
By Administrator_India Capital Sands Wall Street ended at record highs Thursday as traders cheered better-than-expected earnings and cast aside signs that the spread of the coronavirus in China continues to pick up pace. The S&P 500 rose 0.33% and the Nasdaq Composite rose 0.67%. The Dow Jones Industrial Average 0.30%. All three major averages closed in record territory. The number of […]
China’s service sector activity grows faster in January: official PMI
By Administrator_India Capital Sands Growth in China’s services sector activity quickened in January, official data showed on Friday. The official services PMI rose to 54.1, from 53.5 in December, the National Bureau of Statistics said. The 50-point mark separates growth from contraction on a monthly basis. Beijing has been counting on a strong services sector […]
Putin speeds up Russian political shake-up, details new power centre
By Ritu, Capital Sands President Vladimir Putin accelerated a shake-up of Russia’s political system on Monday, submitting a constitutional reform blueprint to parliament that will create a new centre of power outside the presidency. Putin also replaced Prosecutor General Yuri Chaika, who had held the role since 2006, a move suggesting his planned changes could […]
Fines for European privacy breaches reach 114 million euros: report
By Ritu, Capital Sands European regulators have imposed 114 million euros ($126 million) in fines for data breaches since tougher privacy rules came into force in mid-2018, with approaches varying widely from country to country. A report by law firm DLA Piper said France has imposed the biggest single fine – of 50 million euros […]