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 […]
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 […]
Stocks – S&P Falls as U.S Coronavirus Scare Sours Sentiment
By Administrator, Capital Sands The S&P ended in the red Tuesday as selling hit Wall Street following news that the deadly coronavirus had reached the U.S. The S&P 500 lost 0.27%, while the Nasdaq Composite fell 0.19% and the Dow Jones Industrial Average lost 0.52%. The U.S. Centers for Disease Control and Prevention announced the first case of the coronavirus in […]
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 […]
Pound Falls After Weak U.K. Retail Boosts Prospect of Rate Cut
By Ritu, Capital Sands The pound slipped after U.K. retail sales data unexpectedly fell in December, increasing the chances that the Bank of England may cut a key interest rate this month. Sterling dropped 0.2% to $1.3049 and declined against all its Group-of-10 peers as the volume of goods sold in stores and online fell 0.6% in December, confounding […]
Sensex gained 1,000 points in 36 sessions to scale Mt 42K; over 300 stocks up 10-100%
By Ritu Capital Sands The Sensex crossed 42,000 for the first time as it touched 42,059 in the morning trade on January 16. It took 36 sessions for the index to make the journey from 41,000 (first hit on November 26) to 42,000, but the big movers were the small & midcap stocks. The Sensex […]
Bank of England’s Saunders sticks to rate cut view
By Ritu, Capital Sands Bank of England interest-rate setter Michael Saunders said on Wednesday he was sticking to his view that borrowing costs should be cut because of weakness in Britain’s labor market and its broader economy. “It probably will be appropriate to maintain an expansionary monetary policy stance and possibly to cut rates further, […]
Pound on Longest Losing Streak Since May on BOE Easing Talk
By Ritu, Capital Sands The pound extended its decline to the longest run in eight months as speculation of an imminent Bank of England interest-rate cut increased. Sterling fell as much as 0.3% against the dollar to $1.2955. Credit Agricole SA pointed out that more than half of the members of the bank’s Monetary Policy Committee are […]
Sterling Slips vs Dollar, Euro as Vlieghe Fuels Rate Hopes
By Ritu, Capital Sands The dollar opened the week stronger against the pound sterling and the Japanese yen, but weaker against the euro, with markets still unsettled by the weak labor market report on Friday. The dollar index, which measures the greenback against a basket of currencies, was effectively unchanged at 97.130. However, that masked a 0.5% rise for […]
China’s Vice Premier Liu to sign U.S. trade deal in Washington next week
By Ritu, Capital Sands China’s Vice Premier Liu He, head of the country’s negotiation team in Sino-U.S. trade talks, will sign a “Phase 1” deal in Washington next week, the commerce ministry said on Thursday. Liu will visit Washington on Jan. 13-15, said Gao Feng, spokesman at the commerce ministry. Negotiating teams from both sides […]