India’s economy seen slowing rapidly in March quarter, with worse to come
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 […]
Reliance’s $7 Billion Rights Rings in New Trading Venue in India
By Administrator_India Capital Sands Reliance Industries Ltd., which popularized equities as an investment in the world’s second-most populous nation, is now the first to test a trading avenue in India with its record $7 billion rights issue. Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing […]
Dollar dips as virus recovery optimism holds
By Administrator_India Capital Sands The dollar inched lower on Tuesday as growing optimism about a global recovery from the COVID-19 pandemic supported riskier currencies, though concerns about Sino-U.S. tensions held further moves in check. After a quiet start to the week due to holidays in Britain and the United States, the greenback was a fraction […]
Oil drops after China abandons target for 2020 GDP amid coronavirus outbreak
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 […]
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 […]
Oil falls on second wave outbreak fears, rise in U.S. inventories
By Administrator_India Capital Sands Oil prices fell on Wednesday on worries about a possible second wave of coronavirus cases in countries starting to ease lockdowns, while industry data showed a rise in U.S. crude inventories. The concerns overshadowed a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump […]
Abe, Trump agree to cooperate on steps to fight coronavirus
By Administrator_India Capital Sands Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump on Friday agreed to cooperate closely on measures to prevent the spread of coronavirus, including the development of drugs and vaccines, Japan’s top government spokesman said. Abe and Trump held talks by phone for about 45 minutes from around 10:00 […]
New Zealand first-quarter jobless rate inches up but coronavirus shock to be reflected in next quarter
By Administrator_India Capital Sands New Zealand’s jobless rate rose to 4.2% in the first quarter ahead of a strict lockdown that was enforced to limit the spread of the novel coronavirus, according to data released by Statistics New Zealand on Wednesday. The headline figure was only slightly higher than a 4.0% jobless rate in […]
Australian PM says no evidence coronavirus originated in China laboratory, urges inquiry
By Ritu, Capital Sands Australian Prime Minister Scott Morrison, who has angered Beijing by calling for a global inquiry into the coronavirus outbreak, said he had no evidence to suggest the disease originated in a laboratory in the Chinese city of Wuhan. U.S. President Donald Trump said on Thursday he was confident the coronavirus may […]
Britain has Europe’s second highest COVID-19 death toll, new figures show
By Administrator_India Capital Sands Britain now has Europe’s second-highest official COVID-19 death toll with more than 26,000, according to figures published on Wednesday that raised questions about Prime Minister Boris Johnson’s response to the outbreak. Some 26,097 people died across the United Kingdom after testing positive for COVID-19 as of April 28, Public Health England […]