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 […]
Oil gains 1% as short-sellers take profit; investors still wary over coronavirus
By Administrator_India Capital Sands Oil prices rose more than 1% on Tuesday as recent sharp falls have encouraged investors holding short positions to book profits, but the market remains jittery over the Wuhan virus, which has now killed more than 1,000 in China. Brent crude rose 79 cents, or nearly 1.5%, to $54.06 a barrel, […]
SEBI awaiting forensic audit reports on credit rating agencies for greater clarity
By Ritu, Capital Sands SEBI is waiting for forensic audit reports on credit rating agencies which will give a clearer picture of wrongdoings. The forensic audit or investigation report from Care, ICRA and India Rating may come out in a month’s time. “SEBI is awaiting forensic audit report on credit rating agencies which will give […]
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 […]
India’s divisive protests could help Modi’s BJP in Delhi election test
By Administrator_India, Capital Sands Indian Prime Minister Narendra Modi and his party this week face their first electoral test since deadly anti-government protests erupted nearly two months ago, with the divisive turmoil likely to win them votes at polls in the capital. Modi’s Hindu-nationalist BJP won a bigger majority in a general election in May, […]
Solid U.S. data and virus optimism supports dollar
By Administrator_India Capital Sands The U.S. dollar stood tall on Thursday, supported by firm domestic data and hopes the coronavirus economic impact could be limited, even as the human toll continued to climb. Another 73 people on the Chinese mainland died on Wednesday from the outbreak, the highest daily increase so far, bringing the total […]
UK economy’s post-election rebound strengthens in January: PMI
By Administrator_India, Capital Sands The British economy’s post-election bounce gained strength in January as services companies enjoyed the strongest influx of new orders since mid-2018, a closely watched survey showed on Wednesday. The IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) rose to 53.9 January, a full point higher than a preliminary reading for the […]
Dollar holds gains vs Yen, virus risks dominate
By Administrator_India Capital Sands The dollar held gains against the yen on Wednesday amid a broad unwinding of safe-haven positions as China’s responses to the coronavirus outbreak supported investor confidence, even as deaths and new cases climbed. The Coronavirus outbreak claimed its first life in Hong Kong on Tuesday, as the mainland China death toll […]
UK regional productivity gaps as wide as in 1901, no easy fix seen: report
By Administrator_India, Capital Sands Gaps in economic productivity between London and other regions of the United Kingdom are as wide as they were in 1901 and there is no quick fix to overcome them, a report for the British government said on Tuesday. Prime Minister Boris Johnson has promised to ‘level up’ parts of the […]
Disappointing growth hits Google parent Alphabet shares
By Administrator_India Capital Sands Google parent Alphabet saw disappointing revenue growth in the fourth quarter, sending shares lower even as profits topped most forecasts. Detailing its cloud computing and YouTube revenues for the first time — both of which showed sharp gains — it said profits rose 19 percent from a year ago in the […]