ECB data point to widening split in euro zone economy
By Administrator_India, Capital Sands Bank lending to euro zone companies dropped to a two-year low last month while household lending expanded to a post-financial-crisis high, suggesting a widening rift in the bloc’s economy, European Central Bank data showed on Wednesday. Many companies in the euro zone are struggling with plunging trade and a manufacturing recession, […]
Stocks – Dow Rebounds as Apple Rallies Into Earnings
By Administrator_India Capital Sands The Dow rallied sharply Tuesday, as the rout a day earlier attracted bargain buying across stocks, even as the bulk of corporate earnings failed to live up to Wall Street expectations. The S&P 500 rose 1%, while the Nasdaq Composite gained 1.4% and the Dow Jones Industrial Average rose 0.7%. Bargain-hunting investors piled into beaten-down sectors like tech […]
Gold eases ahead of Fed meeting; virus fears persist
By Administrator_India, Capital Sands Gold prices fell on Tuesday as investors booked profits from the recent rally and the dollar firmed, although concerns over a new coronavirus kept safe-haven bullion underpinned. Spot gold fell 0.2% to $1,577.85 per ounce by 0820 GMT, after hitting a near three-week peak on Monday. U.S. gold futures were flat […]
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 […]