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Europe Gains as States Look to Reopen Their Economies
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%. […]
Gold Prices Up as COVID-19 Economic Costs Rise
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 […]
Oil market falls too big to offset with output cuts, IEA warns
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 […]
Global creditors agree debt relief for poor countries hit by pandemic
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 […]
India extends world’s biggest lockdown as coronavirus cases cross 10,000
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 […]
Arun Kumar Saini – Enterprises & Businessman, Group companies with interests in education, real estate, financial services and brand holdings.
Arun Kumar Saini born & brought in Village Kushak Hiranki (Delhi) Capital of India. Arun Kumar Saini started taking a keen interest in business when he was 16. He had seen his father, C.S. Saini, working harder in his life & inspiration. After completing Class 10 in 1997, he decided to take a break from […]
India MPC minutes reiterate focus on mitigating COVID-19 risks to economy
By Administrator_India Capital Sands The impact of the novel coronavirus outbreak on the Indian economy would depend on the depth, duration and diffusion of the crisis, the Reserve Bank of India said in the minutes of its emergency monetary policy committee meeting in March. The RBI in late March cut its main short-term lending rate […]
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