Gold set for worst monthly fall in 4 years as dollar strengthens
By Administrator_India Capital Sands Gold in the international market declined on Wednesday and was on track for the biggest monthly fall in nearly four years, as the dollar benefited from caution that crept into the financial markets after the first US presidential debate. Spot gold dropped 0.67 per cent to $1,885.4 an ounce (until 7.35 pm IST), […]
JPMorgan to pay $920 mn for manipulating precious metals, treasury market
By Administrator_India Capital Sands JPMorgan Chase & Co has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the U.S. authorities said on Tuesday. The landmark multi-agency settlement lifts a regulatory shadow that has hung over the […]
RBI proposes to launch exchange-traded, OTC interest rate derivatives
By Administrator_India Capital Sands The Reserve Bank of India on Tuesday proposed to introduce exchange-traded and over the counter interest rate derivatives products that would be accessible to both foreign investors and retail participants. However, retail participants can only use the product for hedging, while non-retail participants can use the product for any purpose. In a […]
Singapore Airlines plans to cut 4,300 jobs due to Covid-19 pandemic
By Administrator_India Capital Sands Singapore Airlines Group said Thursday it will eliminate 4,300 jobs due to the “long road to recovery” for the global aviation industry battered by the coronavirus pandemic. The group said in a statement it will cut the positions across Singapore Airlines, regional arm SilkAir and budget unit Scoot. After taking into account a recruitment […]
Amazon to hire 33,000 in corporate and tech roles in the next few months
By Administrator_India Capital Sands Amazon is on a hiring spree. In the latest sign of how it’s prospering while others are faltering during the pandemic, Amazon said Wednesday it is seeking to bring aboard 33,000 people for corporate and tech roles in the next few months. It’s the largest number of job openings it’s had at one time, […]
Trans-Pacific trade bloc says to ensure food, medicine supplies amid pandemic
By Administrator_India Capital Sands Ministers from a trans-Pacific trade bloc have agreed to fight protectionism and avoid food and medicine shortages during the coronavirus pandemic, they said in a joint statement published on Wednesday. “We strongly believe that given the current circumstances, it is more important than ever to counter protectionism,” said the statement, […]
Oil Down With OPEC+ Signalling Production Cuts, While U.S.-China Tensions Rise
By Administrator_India Capital Sands Oil was down on Thursday morning in Asia as OPEC announced the easing of production cuts after its Joint Ministerial Monitoring Committee meeting on Wednesday. Starting in August, the group will cut production by 7.7 million barrels per day, compared to the current 9.7 million bpd cut currently in place.” […]
Indian soldiers unarmed and caught by surprise in China clash, families say
By Administrator_India Capital Sands Indian soldiers who died in close combat with Chinese troops last month were unarmed and surrounded by a larger force on a steep ridge, Indian government sources, two soldiers deployed in the area and families of the fallen men said. One of the Indian soldiers had his throat slit with […]
U.S. dollar’s shine fading, but risk high of rush to safe havens
By Administrator_India Capital Sands A fading of the U.S. dollar’s allure will continue as global funding strains ease, but a majority of analysts polled by Reuters said there was a high risk that the U.S.-China trade standoff will renew safe-haven bets in the next six months. Most major and emerging market currencies have rallied against […]
Dollar falls as focus shifts to recovery prospects
By Administrator_India Capital Sands The dollar fell against most Asian currencies on Wednesday as prospects of more government stimulus and a global economic recovery emboldened investors to step up holdings of riskier assets. The Australian dollar hit a five-month high against the dollar, as funds headed toward economies that are seen to be recovering the […]