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FM extends Rs 3.2-trillion stimulus to migrant workers and farmers
By Administrator_India Capital Sands In its second package, the government on Thursday announced Rs 3.16 trillion support for vulnerable sections, including migrant workers, farmers, tribals, street vendors, and the middle class — all hit hard by the lockdown. However, experts said implementation was the key because identifying beneficiaries was a challenge. They also said the government […]
Dollar holds advantage as Powell quashes negative rates, data in focus
By Administrator_India Capital Sands The dollar held onto gains against major currencies on Thursday after U.S. Federal Reserve Chairman Jerome Powell dismissed speculation that policymakers will adopt negative interest rates. The Australian dollar was under pressure before closely-watched data on the jobs market, which may help determine how much more monetary and fiscal easing is […]
Oil falls on second wave outbreak fears, rise in U.S. inventories
By Administrator_India Capital Sands Oil prices fell on Wednesday on worries about a possible second wave of coronavirus cases in countries starting to ease lockdowns, while industry data showed a rise in U.S. crude inventories. The concerns overshadowed a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump […]
China says Phase 1 trade deal beneficial to U.S., China and the world
By Ritu, Capital Sands The Phase 1 trade deal between China and the United States will benefit for both countries and the world, the Chinese foreign ministry said on Tuesday after being asked whether China is considering renegotiating the deal. Chinese foreign ministry spokesman Zhao Lijian told reporters during a daily briefing that both countries […]
Paris salons, Shanghai Disney reopen despite global alarm over second coronavirus wave
By Administrator_India Capital Sands The global alarm was sounded on Monday over a potential second wave of coronavirus cases after Germany, relatively successful in slowing the outbreak, reported that infections had accelerated again after the first tentative steps to ease a lockdown. But in the United States, which has by far the highest COVID-19 […]
Italy March industry output plunges 28% month-on-month on coronavirus lockdown
By Ritu, Capital Sands Italian industrial output plummeted 28.4% in March from the previous month, more than expected and the steepest drop on record, as a lockdown imposed to contain the coronavirus pandemic shuttered most businesses. The fall in output was larger than any of the 18 forecasts in a Reuters survey of analysts which […]
Dollar Down After Investors Welcome Loosened Lockdown Plans
By Administrator_India Capital Sands The dollar was down on Monday morning in Asia, giving up some of its gains from earlier in the session. The gains came after some countries’ plans to lift lockdowns curbing the spread of the COVID-19 pandemic boosted investor sentiment. California, Michigan, and Ohio, three of the important states for U.S. manufacturing, took steps to […]
India may see 0% GDP growth this fiscal year
By Ritu, Capital Sands The impact of the coronavirus outbreak will exacerbate the material slowdown in India’s economic growth, with the country expected to see 0% expansion in the current fiscal year, analysts at Moody’s said on Friday. The ratings agency said it expected India to see no growth in financial year 2021 and bounce […]