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Australia to force Google, Facebook to pay domestic media to use content

Facebook
69 views 2 mins

By Administrator_India Capital Sands Australia will force Facebook Inc and Alphabet Inc’s Google to share advertising revenue with local media firms, the country’s treasurer said on Monday, becoming one of the first countries to require digital platforms to pay for content they use. Treasurer Josh Frydenberg said the move comes after talks with Facebook and […]

FEATURE

Gold Continues Retreat Despite Decreased Risk Sentiment

Commodity price
79 views 22 secs

By Administrator_India Capital Sands   Gold was down on Monday in Asia despite the souring of the increased risk sentiment from Friday’s slew of good news over the weekend. Gold retreated almost 2% in the previous session as U.S. President Donald Trump announced guidelines to re-open his country’s economy on Thursday and Gilead Sciences’ report on the same day of the efficacy of its experimental […]

FEATURE

Indian gold demand could hit three-decade low as lockdown hits festivals, weddings

Commodity price
94 views 2 mins

By Administrator_India Capital Sands India’s gold consumption in 2020 could fall as much as 50% from a year ago to the lowest level in nearly three decades as a nationwide lockdown has closed jewelry stores during key festivals and the wedding season. The drop in consumption by the world’s second-biggest gold buyer could limit a […]

FEATURE

Europe Gains as States Look to Reopen Their Economies

Market
91 views 3 mins

By Administrator_India Capital Sands European stock markets were mostly higher Thursday, helped by a number of countries in the region moving towards reopening their economies on growing signs that the peak of the coronavirus outbreak may have passed. At 4:15 AM ET (0815 GMT), the U.K.’s FTSE index traded flat, France’s CAC 40 was up 1.2%, while the DAX rose 1.3%. […]

FEATURE

Gold Prices Up as COVID-19 Economic Costs Rise

Commodity price
73 views 39 secs

By Administrator_India Capital Sands   Gold prices were up in Asia on Thursday as investors continue to calculate the economic damage from the COVID-19 pandemic. Gold futures were up by 0.33% at $1,745.70 as the yellow metal attempted to claw back its losses from the previous session. Companies reported dismal numbers during what is turning out to be a difficult earnings season, and the U.S. Commerce Department said retail sales in […]

FEATURE

Oil market falls too big to offset with output cuts, IEA warns

IEA
68 views 2 mins

By Administrator_India Capital Sands The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day dive in April oil demand to levels not seen in 25 years and warned no output cut by producers could fully offset the near-term falls facing the market. Benchmark Brent crude futures fell following the IEA’s monthly […]

FEATURE

Global creditors agree debt relief for poor countries hit by pandemic

Economic News
100 views 3 mins

By Administrator_India Capital Sands Major international creditors will suspend debt payments this year for the world’s poorest countries, who will be hit hardest by the rapidly spreading coronavirus pandemic that has sparked the steepest downturn in the global economy since the 1930s. French Finance Minister Bruno Le Maire said some 76 countries, including 40 in […]

FEATURE

India extends world’s biggest lockdown as coronavirus cases cross 10,000

Economic News
90 views 3 mins

By Administrator_India Capital Sands India extended on Tuesday a nationwide lockdown for its 1.3 billion people until May 3 as its prime minister warned of economic sacrifices to save lives as the number of coronavirus cases crossed 10,000. Sharp downward revisions to economic growth forecasts in the wake of the pandemic point toward sickening levels […]