Stocks fall as U.S. virus response disappoints investors
By Administrator_India Capital Sands Asian shares and Wall Street futures fell on Wednesday as growing scepticism about Washington’s stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally. Markets had been recovering from a brutal global selloff on Monday that was triggered by the double shock of an oil price […]
Asian Stocks Plummet Amid Oil Price War
By Administrator_India Capital Sands Asian stock markets traded sharply lower on Monday morning as oil prices slumped following reports that OPEC failed to reach a deal with its allies on production cuts. Japan’s Nikkei 225 slid 5.5% after data showed the country’s GDP shrank at an annualized pace of 7.1%, which was faster than expected. Prime Minister […]
India shuts Delhi schools, imposes new travel restrictions over coronavirus
By Administrator_India Capital Sands India shut all primary schools in the capital New Delhi until the end of March on Thursday and imposed new restrictions on travel from Italy and South Korea as part of efforts to fight the spread of the coronavirus. Prime Minister Narendra Modi postponed a trip to Brussels for a summit […]
OPEC looks to cut production as virus outbreak hits demand
By Ritu, Capital Sands The oil-producing countries of the OPEC cartel are considering slashing output to contain a plunge in prices that has been worsened by concerns about the virus outbreak’s disruption to the world economy. Oil ministers from the group’s 14 countries were gathering in Vienna on March 5 as energy producers were taking a […]
India’s coronavirus cases nears 30, hits major payments firm Paytm
By Administrator_India Capital Sands The total number of known coronavirus cases in India rose sharply to 29 on Wednesday, including 16 Italian tourists who had tested positive for the disease as well as an employee of a digital payments company who had travelled to Italy. On Monday, the world’s second-most populous country had only six […]
Nifty, Sensex end lower as virus cases jump to 28
By Administrator_India, Capital Sands Indian shares closed lower on Wednesday after the country’s health minister confirmed the number of coronavirus cases had risen sharply to 28, fuelling worries that economic activity may be affected further. More than 93,000 cases have been reported worldwide, and several thousand have died from the flu-like coronavirus, which emerged in […]
WHO warns of global shortage of medical equipment to fight coronavirus
By Administrator_India Capital Sands The World Health Organization (WHO) on Tuesday warned of a global shortage and price gouging for protective equipment to fight the fast-spreading coronavirus and asked companies and governments to increase production by 40% as the death toll from the respiratory illness mounted. Meanwhile, the U.S. Federal Reserve cut interest rates on […]
Indonesia fears panic buying after first coronavirus cases
By Ritu, Capital Sands Indonesian President Joko Widodo urged residents on Thursday to avoid panic buying of food and medical supplies, a day after the world’s fourth most populous country confirmed its first coronavirus cases. The president also said he had ordered police to crack down on people hoarding face masks to sell at a […]
Stocks – Wall Street Surges at the Close as Financials, Tech Jump
By Administrator_India Capital Sands Stocks made a bullish start to the week Monday, shrugging off an uptick in coronavirus deaths in the U.S. amid a surge in tech and financials. The S&P 500 rose 4.6%, the Nasdaq Composite surged 4.5% and Dow Jones Industrial Average rose 1,294 points, or 5.1%. The Dow notched its biggest daily point gain ever, as did […]
Talking about life after the divorce: EU and Britain set for new talks
By Ritu, Capital Sands Britain and the European Union kick off talks on Monday on how their relationship will shape up after Brexit, with half a trillion euros worth of annual trade and close security ties at stake in what are bound to be tense talks. Both sides say they want to reach a deal […]