India’s economy seen slowing rapidly in March quarter, with worse to come

India extends world's biggest lockdown as coronavirus cases cross 10,000

By Administrator_India Capital Sands   Gross domestic product data out later on Friday is expected to show India’s economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment. The median forecast from economists put annual economic growth at […]

Oil drops after China abandons target for 2020 GDP amid coronavirus outbreak

Oil market falls too big to offset with output cuts, IEA warns

By Administrator_India Capital Sands   Oil prices slumped on Friday after China’s decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in the world’s second-largest oil user. Brent crude fell $1.56, or 4.3%, to $34.50 a barrel, after gaining nearly […]

Trump defends his use of unproven treatment as prevention against coronavirus

By Administrator_India Capital Sands   U.S. President Donald Trump on Tuesday defended taking a prescription malaria drug to try to ward off the novel coronavirus despite medical warnings about its use. “People are going to have to make up their own mind,” Trump said about hydroxychloroquine during a visit to the U.S. Capitol. “I think […]

FM extends Rs 3.2-trillion stimulus to migrant workers and farmers

By Administrator_India Capital Sands In its second package, the government on Thursday announced Rs 3.16 trillion support for vulnerable sections, including migrant workers, farmers, tribals, street vendors, and the middle class — all hit hard by the lockdown. However, experts said implementation was the key because identifying beneficiaries was a challenge. They also said the government […]

Dollar Down After Investors Welcome Loosened Lockdown Plans

By Administrator_India Capital Sands   The dollar was down on Monday morning in Asia, giving up some of its gains from earlier in the session. The gains came after some countries’ plans to lift lockdowns curbing the spread of the COVID-19 pandemic boosted investor sentiment. California, Michigan, and Ohio, three of the important states for U.S. manufacturing, took steps to […]

Oil Down As Producers Continue to Grapple With Oversupply

By Administrator_India Capital Sands   Oil was down on Monday morning in Asia, unable to hold onto its gains from the previous session. Brent oil futures lost 3.57% to $25.66 and WTI futures slid 8.04% to $18.19, even as a 10-million-barrel daily cut in production agreed to by OPEC+ in early April coming into effect on Friday. Brent futures have fallen almost 60% this year, hitting […]

Stampede to Buy Euros at End-of-Month Fix Rattles FX Trading

By Administrator_India Capital Sands   Traders rushed to buy euros in a bid to rebalance their portfolios on the last day of the month, prompting a sudden spike in the currency. The euro jumped to a two-week high versus the dollar around the time of the 4 p.m. London fix on Thursday as demand surged. […]

Japan needs to keep emergency in place, 2021 Olympics `difficult,’ top doctor says

By Administrator_India Capital Sands  It is too early to consider lifting Japan’s state of emergency over the coronavirus, the head of the Japan Medical Association said on Tuesday, adding that it will be difficult for Tokyo to host the Olympics next year without an effective vaccine. The comments by the head of the powerful physician’s […]