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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 […]
Abe, Trump agree to cooperate on steps to fight coronavirus
By Administrator_India Capital Sands Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump on Friday agreed to cooperate closely on measures to prevent the spread of coronavirus, including the development of drugs and vaccines, Japan’s top government spokesman said. Abe and Trump held talks by phone for about 45 minutes from around 10:00 […]
Dollar Up in The Aftermath of Bad Economic News
By Administrator_India Capital Sands The dollar was up on Thursday morning in Asia with investor risk appetite soured by an onslaught of bad economic news. The US Dollar Index that tracks the greenback against a basket of other currencies gained 0.05% to 100.185, as investors looked to the dollar as a safe haven. The U.S. said overnight that private employers laid […]
India’s services activity collapses as coronavirus paralyses global economy
By Ritu, Capital Sands India’s services activity suffered a shock collapse in April as the coronavirus lockdown crippled global demand, causing a historic spike in layoffs and reinforcing fears of a deep recession in Asia’s third-largest economy, a private survey showed. The grim result for the industry, the engine of economic growth and jobs, underlined […]