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India’s economy seen slowing rapidly in March quarter, with worse to come
By Administrator_India Capital Sands Gross domestic product data out later on Friday is expected to show India’s economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment. The median forecast from economists put annual economic growth at […]
Dollar stands its ground as U.S.-China tensions grow
By Administrator_India Capital Sands The dollar held its own on Thursday as rising Sino-U.S. tension put crushing pressure on the Chinese yuan and proved a counterweight to optimism about the coronavirus recovery. The escalating war of words between the world’s two biggest economies also spilled over to the Australian and New Zealand dollars, as a far more […]
Reliance’s $7 Billion Rights Rings in New Trading Venue in India
By Administrator_India Capital Sands Reliance Industries Ltd., which popularized equities as an investment in the world’s second-most populous nation, is now the first to test a trading avenue in India with its record $7 billion rights issue. Introduced in January, the trading platform allows shareholders to sell their rights entitlement to others interested in subscribing […]
Dollar dips as virus recovery optimism holds
By Administrator_India Capital Sands The dollar inched lower on Tuesday as growing optimism about a global recovery from the COVID-19 pandemic supported riskier currencies, though concerns about Sino-U.S. tensions held further moves in check. After a quiet start to the week due to holidays in Britain and the United States, the greenback was a fraction […]
Oil falls as U.S.-China tensions take toll
By Administrator_India Capital Sands Oil prices eased on Monday on concerns over rising tensions between the United States and China over Beijing’s plans to impose security laws on Hong Kong and the possibility of sanctions from Washington. Oil prices have risen sharply in recent weeks as an easing of coronavirus restrictions has led to […]
Oil drops after China abandons target for 2020 GDP amid coronavirus outbreak
By Administrator_India Capital Sands Oil prices slumped on Friday after China’s decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in the world’s second-largest oil user. Brent crude fell $1.56, or 4.3%, to $34.50 a barrel, after gaining nearly […]
Trump defends his use of unproven treatment as prevention against coronavirus
By Administrator_India Capital Sands U.S. President Donald Trump on Tuesday defended taking a prescription malaria drug to try to ward off the novel coronavirus despite medical warnings about its use. “People are going to have to make up their own mind,” Trump said about hydroxychloroquine during a visit to the U.S. Capitol. “I think […]
German investor morale improves on hopes for economic turnaround
By Administrator_India Capital Sands German investor sentiment improved much more than expected in May as concerns about the impact of the coronavirus pandemic on Europe’s largest economy eased and hopes for a recovery in second half of the year grew, a survey showed on Tuesday. The German economy is facing its deepest recession since World […]