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UK is past the peak, says PM Johnson, promising lockdown exit plan

U.K.
124 views 2 mins

By Ritu, Capital Sands Prime Minister Boris Johnson said on Thursday Britain was now past the peak of its coronavirus outbreak and promised to set out a plan next week on how the country might start gradually returning to normal life. In his first news conference since recovering from a serious case of COVID-19, Johnson […]

FEATURE

Stampede to Buy Euros at End-of-Month Fix Rattles FX Trading

Business
84 views 2 mins

By Administrator_India Capital Sands   Traders rushed to buy euros in a bid to rebalance their portfolios on the last day of the month, prompting a sudden spike in the currency. The euro jumped to a two-week high versus the dollar around the time of the 4 p.m. London fix on Thursday as demand surged. […]

FEATURE

Euro zone economy shrinks at record rate, inflation slows sharply

Economy
88 views 2 mins

By Ritu, Capital Sands The Euro zone economy contracted at a record rate and by more than expected in the first three months of the year and inflation slowed sharply as much economic activity in March came to a halt because of the COVID-19 pandemic, data showed on Thursday. According to a preliminary flash estimate […]

FEATURE

Britain has Europe’s second highest COVID-19 death toll, new figures show

Covid-19
82 views 2 mins

By Administrator_India Capital Sands Britain now has Europe’s second-highest official COVID-19 death toll with more than 26,000, according to figures published on Wednesday that raised questions about Prime Minister Boris Johnson’s response to the outbreak. Some 26,097 people died across the United Kingdom after testing positive for COVID-19 as of April 28, Public Health England […]

FEATURE

Japan’s Abe says impossible to hold Olympics unless pandemic contained

SPORTS
83 views 2 mins

By Ritu, Capital Sands Prime Minister Shinzo Abe said on Wednesday that the Tokyo Olympics could not take place next year unless the coronavirus pandemic is contained, as the city’s governor requested an extension of Japan’s state of emergency. The International Olympic Committee and the Japanese government last month postponed the Games until July 2021 […]

FEATURE

Axis Bank posts $183 million loss as provisions nearly triple on COVID-19

Axis Bank
78 views 2 mins

By Administrator_India Capital Sands   Axis Bank Ltd, India’s third-biggest private-sector lender, on Tuesday posted a surprise fourth-quarter loss of 13.88 billion rupees ($182.96 million), as it set aside more funds to cover a potential rise in bad loans in a coronavirus-hit economy. The pandemic has dealt a heavy blow to the economy, worsening problems […]

FEATURE

Japan needs to keep emergency in place, 2021 Olympics `difficult,’ top doctor says

Covid-19
83 views 3 mins

By Administrator_India Capital Sands  It is too early to consider lifting Japan’s state of emergency over the coronavirus, the head of the Japan Medical Association said on Tuesday, adding that it will be difficult for Tokyo to host the Olympics next year without an effective vaccine. The comments by the head of the powerful physician’s […]

FEATURE

RBI announces special liquidity window for mutual funds

RBI
71 views 2 mins

By Administrator_India Capital Sands The RBI is opening a special liquidity facility of upto 500 billion rupees ($6.6 billion) to help mutual funds tide over a severe liquidity strain imposed by the coronavirus pandemic and redemption pressures, it said on Monday. Fund houses in India have struggled to allay investors’ fears of a flood of […]