India shuts Delhi schools, imposes new travel restrictions over coronavirus
By Administrator_India Capital Sands India shut all primary schools in the capital New Delhi until the end of March on Thursday and imposed new restrictions on travel from Italy and South Korea as part of efforts to fight the spread of the coronavirus. Prime Minister Narendra Modi postponed a trip to Brussels for a summit […]
OPEC looks to cut production as virus outbreak hits demand
By Ritu, Capital Sands The oil-producing countries of the OPEC cartel are considering slashing output to contain a plunge in prices that has been worsened by concerns about the virus outbreak’s disruption to the world economy. Oil ministers from the group’s 14 countries were gathering in Vienna on March 5 as energy producers were taking a […]
India’s coronavirus cases nears 30, hits major payments firm Paytm
By Administrator_India Capital Sands The total number of known coronavirus cases in India rose sharply to 29 on Wednesday, including 16 Italian tourists who had tested positive for the disease as well as an employee of a digital payments company who had travelled to Italy. On Monday, the world’s second-most populous country had only six […]
Nifty, Sensex end lower as virus cases jump to 28
By Administrator_India, Capital Sands Indian shares closed lower on Wednesday after the country’s health minister confirmed the number of coronavirus cases had risen sharply to 28, fuelling worries that economic activity may be affected further. More than 93,000 cases have been reported worldwide, and several thousand have died from the flu-like coronavirus, which emerged in […]
WHO warns of global shortage of medical equipment to fight coronavirus
By Administrator_India Capital Sands The World Health Organization (WHO) on Tuesday warned of a global shortage and price gouging for protective equipment to fight the fast-spreading coronavirus and asked companies and governments to increase production by 40% as the death toll from the respiratory illness mounted. Meanwhile, the U.S. Federal Reserve cut interest rates on […]
Indonesia fears panic buying after first coronavirus cases
By Ritu, Capital Sands Indonesian President Joko Widodo urged residents on Thursday to avoid panic buying of food and medical supplies, a day after the world’s fourth most populous country confirmed its first coronavirus cases. The president also said he had ordered police to crack down on people hoarding face masks to sell at a […]
Talking about life after the divorce: EU and Britain set for new talks
By Ritu, Capital Sands Britain and the European Union kick off talks on Monday on how their relationship will shape up after Brexit, with half a trillion euros worth of annual trade and close security ties at stake in what are bound to be tense talks. Both sides say they want to reach a deal […]
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 […]