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Global stocks going nowhere as virus fears hold optimism in check
By Administrator_India Capital Sands Asian stock markets ground higher on Friday, and are set to end a choppy week more or less where they began it as surging coronavirus infections cast a shadow over encouraging economic data and checked hopes for a swift global recovery. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3%, […]
WHO warns of oxygen shortage as COVID cases set to top 10 million
By Administrator_India Capital Sands The world faces a shortage of oxygen concentrators as the number of worldwide cases of coronavirus infection nears the 10 million mark, the World Health Organization head said on Wednesday. “Many countries are now experiencing difficulties obtaining oxygen concentrators,” WHO Director General Tedros Adhanom Ghebreyesus told a news conference. “Demand is […]
Nifty, Sensex gain on boost from banks, Reliance
By Administrator_India Capital Sands Indian stocks rose on Wednesday as Bank of Baroda’s strong earnings bolstered financial stocks, with Reliance shares adding to the gains after the conglomerate said it was looking to close a partnership deal with Saudi Aramco. Investor sentiment also got a boost after Indian and Chinese military commanders agreed to step […]
Dollar Steadies After Navarro Clarifies Trade Deal Comments
By Administrator_India Capital Sands The dollar was up on Tuesday morning, steadying an earlier surge after White House trade advisor Peter Navarro clarified his statements concerning the U.S.-China trade deal. Investors were taken on a roller-coaster ride earlier in the session after Navarro said that the deal was “over” on Monday, only to issue […]
Oil edges up on tighter supply, but demand worries limit gains
By Administrator_India Capital Sands Oil prices nudged higher on Monday on tighter supplies from major producers, but a record rise in global coronavirus cases raised concerns a recovery in fuel demand could stall, checking gains. Brent crude rose 8 cents, or 0.2%, to $42.22 a barrel, while U.S. crude was at $39.93 a barrel, […]
Sensex, Nifty rise on boost from Reliance
By Administrator_India Capital Sands Indian shares rose on Friday and were on course to finish the week higher, boosted by a jump in Reliance shares after the oil-to-telecoms conglomerate said it had become net-debt free. The NSE Nifty 50 index rose 0.58% to 10,146.75, while the benchmark S&P BSE Sensex was up 0.51% at […]
Mexico, India, Ireland, Norway elected to U.N. Security Council, one seat still open
By Administrator_India Capital Sands Mexico, India, Ireland and Norway were elected to the United Nations Security Council on Wednesday, but the 193 U.N. member states must return on Thursday to continue voting to fill one more vacant seat after there was no clear winner. Canada lost out to Ireland and Norway in a hotly […]
Japan’s exports fall most since 2009 as U.S. demand slumps
By Administrator_India Capital Sands Japan’s exports fell in May at the fastest pace since the 2009 global financial crisis as U.S.-bound car shipments plunged, bolstering expectations for a deeper contraction in the world’s third-largest economy this quarter. Weak global appetite for cars and slowing business spending could drag on Japan’s export-led economy, as China-bound trade […]