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Oil Up Over Draw in API Crude Oil Inventories
By Administrator_India Capital Sands Oil rose on Wednesday morning in Asia, with investor sentiment improved after the U.S. reported a significant drop in crude oil inventories. The American Petroleum Institute (API) estimated an 8.322 million-barrel draw for the week ended July 10. The draw was bigger than analyst forecasts of a 2.1 million-barrel draw and reversed […]
China’s Trade Rose in Yuan Terms in June Amid Worsening Virus
By Administrator_India Capital Sands China’s exports and imports rose in yuan terms in June, even as the pandemic continued to ravage the global economy. Exports grew 4.3% in yuan terms in June from a year earlier, while imports rose 6.2%, the customs administration said Tuesday. Economists had forecast that exports would increase by 3.5% while […]
Oil slips as traders eye supply cut easing at OPEC meeting
By Administrator_India Capital Sands Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude fell 27 cents to $42.97 a barrel, while U.S. West Texas Intermediate crude was […]
Yuan Turns Into Global Risk Bellwether as China Leads Recovery
By Administrator_India Capital Sands As the dollar shows signs of exhaustion, the yuan is taking over as the barometer of global risk sentiment. A worldwide rally in stocks, bonds and commodities is decoupling from the U.S. currency, which entered a bearish phase in June and is grinding lower for a fourth month. The rally is […]
‘Weaponized’ Facebook fails to protect civil rights, audit report says
By Administrator_India Capital Sands Facebook Inc’s decisions to allow controversial posts by President Donald Trump established a “terrible precedent” that could allow the platform to be “weaponized to suppress voting,” an external civil rights audit found on Wednesday. The report, which Facebook commissioned two years ago, said the social network has not done enough […]
New Zealand charges man for absconding from virus quarantine
By Administrator_India Capital Sands New Zealand said on Wednesday that a 32-year-old man who tested positive for COVID-19 will be charged after briefly absconding from an isolation facility in Auckland, the latest slip up as the country tries to keep coronavirus cases at its border. The man, who was in quarantine after arriving from […]
First tranche of COVID-19 sport relief funding released by New Zealand government
By Administrator_India Capital Sands New Zealand’s government said on Tuesday it has released the first installment of a NZ$265 million ($174.21 million) funding package to help the local sports industry cope with the financial impact of the COVID-19 pandemic. Sports Minister Grant Robertson said much of the initial NZ$80 million tranche would be used […]
Indian soldiers unarmed and caught by surprise in China clash, families say
By Administrator_India Capital Sands Indian soldiers who died in close combat with Chinese troops last month were unarmed and surrounded by a larger force on a steep ridge, Indian government sources, two soldiers deployed in the area and families of the fallen men said. One of the Indian soldiers had his throat slit with […]