Virus spread beyond China drives investors to dollars
By Administrator_India Capital Sands Asian currencies slid on Monday as the rapid spread of the coronavirus outside China drove fears of a pandemic and sent investors flocking to gold and the dollar for safety. Italy, South Korea and Iran posted sharp rises in infections over the weekend. South Korea now has more than 760 cases, […]
Google plans to move UK users’ accounts outside EU jurisdiction
By Administrator_India Capital Sands Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, the company confirmed late on Wednesday. The shift, prompted by Britain’s exit from the EU, will leave the sensitive personal information of tens of millions with less […]
Europe Higher, Boosted by Deutsche Telekom, Covestro
By Ritu, Capital Sands European stock markets pushed higher Wednesday, helped by strong earnings from index heavyweight Deutsche Telekom , while market participants looking to central banks to mitigate the damage caused by the outbreak of the coronavirus in China. The U.K.’s FTSE index traded 0.8% higher, France’s CAC 40 was up 0.5%, while the DAX was 0.4% higher. The […]
Dollar shines against Euro, riskier peers as virus hit widens
By Administrator_India Capital Sands The dollar stood tall over the languishing euro and heavily sold exporter currencies on Wednesday, as investors reckoned with a deepening economic fallout from the coronavirus. The new coronavirus has caused 2,004 deaths in China and infected more than 74,000 people, while measures to contain it have paralyzed the economy and […]
India stocks lower at close of trade; Nifty 50 down 0.44%
By Ritu, Capital Sands India stocks were lower after the close on Tuesday, as losses in the Metals, Auto and Real Estate sectors led shares lower. At the close in NSE, the Nifty 50 lost 0.44%, while the BSE Sensex 30 index lost 0.39%. The best performers of the session on the Nifty 50 were Coal India Ltd , which rose 2.92% or 4.90 points […]
Euro edges lower on economic pessimism, Aussie hit by rate outlook
By Administrator_India Capital Sands The euro fell toward a three-year low versus the dollar ahead of a highly watched German survey on Tuesday, which is expected to show a sharp slump in investor confidence and fuel growing pessimism about the outlook for Europe’s largest economy. Financial markets clung to tight ranges following a U.S. public […]
Europe Seen Edging Higher After PBoC Eases Policy Again
By Ritu, Capital Sands European stock markets are set to open a little higher Monday, helped by further efforts by the Chinese authorities to limit the damage caused by the coronavirus outbreak. Volumes are likely to be limited, though, with the U.S. markets closed. Earlier Monday, the People’s Bank of China provided medium-term funding to […]
Coronavirus cases rise again in China as recession looms for Japan, Singapore
By Administrator_India Capital Sands The number of reported new cases of coronavirus in China’s Hubei province rose on Monday after two days of falls, as authorities imposed tough new restrictions on movement to prevent the spread of the disease which has now killed more than 1,700 people. With no end in sight for the outbreak, […]
Supreme Court orders telcos to clear dues by March 17, threatens contempt
By Ritu, Capital Sands India’s Supreme Court slammed mobile carriers on Friday for non-payment of billions of dollars in government dues and threatened them with contempt proceedings if they didn’t pay up by March 17. The court, which had asked companies including Vodafone Idea and Bharti Airtel to pay 920 billion Indian rupees ($12.89 billion) […]
Asian Markets Rise; Nikkei Underperforms Amid Weak Consumer Spending Data
By Administrator_India Capital Sands Asian markets rose on Friday morning as traders continued to monitor developments on the coronavirus outbreak following Thursday’s spike in the number of cases reported. China’s Shanghai Composite rose by 0.5%, while the Shenzhen Component climbed 1.4%. Beijing is set to cut tariffs on certain U.S. products by half later in the […]