Japan will not revive state of emergency as Tokyo COVID-19 cases rise
By Administrator_India Capital Sands There is no need to reintroduce a state of emergency, Japan’s top government spokesman said on Friday, the day after coronavirus cases in Tokyo rose to a two-month high. New daily cases in the capital have exceeded 50 over the last week, with Thursday’s 107 cases a record following the lifting […]
Gold poised for best quarter in four years as virus fears persist
By Administrator_India Capital Sands Gold held close to a near eight-year peak on Tuesday, en route to its best quarter in more than four years, as worries over rising cases of the novel coronavirus and its economic fallout boosted safe-haven demand. Spot gold was steady at $1,771.30 per ounce, just $7.76 shy of a […]
Global stocks going nowhere as virus fears hold optimism in check
By Administrator_India Capital Sands Asian stock markets ground higher on Friday, and are set to end a choppy week more or less where they began it as surging coronavirus infections cast a shadow over encouraging economic data and checked hopes for a swift global recovery. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3%, […]
WHO warns of oxygen shortage as COVID cases set to top 10 million
By Administrator_India Capital Sands The world faces a shortage of oxygen concentrators as the number of worldwide cases of coronavirus infection nears the 10 million mark, the World Health Organization head said on Wednesday. “Many countries are now experiencing difficulties obtaining oxygen concentrators,” WHO Director General Tedros Adhanom Ghebreyesus told a news conference. “Demand is […]
Dollar Steadies After Navarro Clarifies Trade Deal Comments
By Administrator_India Capital Sands The dollar was up on Tuesday morning, steadying an earlier surge after White House trade advisor Peter Navarro clarified his statements concerning the U.S.-China trade deal. Investors were taken on a roller-coaster ride earlier in the session after Navarro said that the deal was “over” on Monday, only to issue […]
Oil edges up on tighter supply, but demand worries limit gains
By Administrator_India Capital Sands Oil prices nudged higher on Monday on tighter supplies from major producers, but a record rise in global coronavirus cases raised concerns a recovery in fuel demand could stall, checking gains. Brent crude rose 8 cents, or 0.2%, to $42.22 a barrel, while U.S. crude was at $39.93 a barrel, […]
Mexico, India, Ireland, Norway elected to U.N. Security Council, one seat still open
By Administrator_India Capital Sands Mexico, India, Ireland and Norway were elected to the United Nations Security Council on Wednesday, but the 193 U.N. member states must return on Thursday to continue voting to fill one more vacant seat after there was no clear winner. Canada lost out to Ireland and Norway in a hotly […]
Japan’s exports fall most since 2009 as U.S. demand slumps
By Administrator_India Capital Sands Japan’s exports fell in May at the fastest pace since the 2009 global financial crisis as U.S.-bound car shipments plunged, bolstering expectations for a deeper contraction in the world’s third-largest economy this quarter. Weak global appetite for cars and slowing business spending could drag on Japan’s export-led economy, as China-bound trade […]
Virus-hit Beijing tightens outbound travel; Shanghai demands quarantine
By Administrator_India Capital Sands Beijing banned high-risk people from leaving the Chinese capital and halted some transportation services on Tuesday to stop the spread of a fresh coronavirus outbreak to other cities and provinces. China’s financial hub of Shanghai demanded some travellers from Beijing be quarantined for two weeks, as 27 new COVID-19 cases took […]
Fed’s gloomy outlook steadies dollar slide, for now
By Administrator_India Capital Sands The dollar steadied against riskier currencies and the safe-haven yen hit a one-month high on Thursday, as the U.S. Federal Reserve’s dour economic outlook spooked investors. The moves arrested the greenback’s initial slide after the Fed’s policy stance, projecting rates near zero for years, was even more accommodative than expected. The […]