Stocks – Dow Falls 450 as Virus Fears Spur Sharp Selling
By Administrator_India Capital Sands Wall Street closed sharply in the red Monday as virus fears gripped investors amid worries that an accelerated outbreak will hit China’s economy and slow global growth. The S&P 500 lost 1.58%, while the Nasdaq Composite fell 1.89% and the Dow Jones Industrial Average slumped 1.58%, more than 450 points. A sea of red washed over the […]
India wants Qatar to lower price of gas under long-term LNG deal: Dharmendra Pradhan
By Administrator_India, Capital Sands India is seeking to renegotiate the long-term contract price of liquefied natural gas (LNG) it buys from Qatar, Oil Minister Dharmendra Pradhan said on Monday in New Delhi. “We need to re-examine the pricing mechanism” of the long-term natural gas deal with Qatar, Pradhan said at a gathering of industry officials […]
Shares, oil slide as China virus fears intensify; Yen, Treasuries in demand
By Administrator_India Capital Sands Stocks tumbled on Monday as investors grew increasingly anxious about the economic impact of China’s spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. Japan’s Nikkei average suffered a steep 1.8% loss, on track for the biggest one-day fall in three weeks. U.S. S&P […]
Exclusive: India faces first fall in direct taxes in at least two decades – sources
By Administrator_India, Capital Sands India’s corporate and income tax collection for the current year is likely to fall for the first time in at least two decades, over half a dozen senior tax officials told Reuters, amid a sharp fall in economic growth and cut in corporate tax rates. Prime Minister Narendra Modi’s government was […]
Will Modi remain the Shah of Indian politics in 2020?
By Administrator_India Capital Sands The political discourse and direction of India in 2019 were determined and dictated by two individuals-Prime Minister Narendra Modi and Union home minister Amit Shah, who also happens to be the president of BJP, the party in power at the Centre and in 15 states across the country. From Kargil […]
World Court says has preliminary jurisdiction in Myanmar genocide case
By Administrator_India, Capital Sands The International Court of Justice said on Thursday that it has jurisdiction to hear a case against Myanmar seeking emergency measures to prevent it committing genocide against its Rohingya minority. Presiding Judge Yusuf Abdulqawi, in the first minutes of reading the court’s decision, said the court does have sufficient jurisdiction to […]
Yen firm over China virus concern; Aussie jumps on jobs data
By Administrator_ India Capital Sands The safe-haven Japanese yen was firm and the Chinese yuan fragile on Thursday as traders kept a wary eye on the spread of a virus in China, while the ailing Australian dollar jumped after a surprise drop in unemployment. Deaths from the flu-like coronavirus, rose to 17 on Wednesday. A […]
Stocks – DAX Hits New Record High as Virus Fears Fade in China
By Administrator_India, Capital Sands Germany’s DAX index posted a record high shortly after the start of trading Wednesday, helped by the improved sentiment emerging from Asia regarding the new pneumonia-like virus in China. At 03:30 AM ET (0830 GMT), the benchmark index traded 0.5% higher at 13,627.38, just off the new high of 13,637.60. This breached the […]
Putin speeds up Russian political shake-up, details new power centre
By Ritu, Capital Sands President Vladimir Putin accelerated a shake-up of Russia’s political system on Monday, submitting a constitutional reform blueprint to parliament that will create a new centre of power outside the presidency. Putin also replaced Prosecutor General Yuri Chaika, who had held the role since 2006, a move suggesting his planned changes could […]
World’s richest 2000 people hold more than poorest 4.6 billion combined: Oxfam
By Ritu, Capital Sands The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global economy each year than the technology industry, Oxfam said on Monday. The Nairobi-headquartered charity said in a report released […]