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U.K. Inflation Accelerates to Its Fastest Pace in Six Months
By Ritu Capital Sands U.K. inflation picked up for the first time in six months, boosted by the cost of energy, motor fuel and air fares. Consumer prices rose a stronger-than-forecast 1.8% in January from a year earlier, the fastest since July, the Office for National Statistics said Wednesday. Core inflation picked up to 1.6%. […]
Dollar shines against Euro, riskier peers as virus hit widens
By Administrator_India Capital Sands The dollar stood tall over the languishing euro and heavily sold exporter currencies on Wednesday, as investors reckoned with a deepening economic fallout from the coronavirus. The new coronavirus has caused 2,004 deaths in China and infected more than 74,000 people, while measures to contain it have paralyzed the economy and […]
UK jobs growth jumps again despite broader economic slowdown
By Ritu, Capital Sands The number of people in work in Britain jumped again in the last three months of 2019, according to data which underscored how the labor market defied a slowing of the broader economy ahead of December’s election. The number of people in work jumped by 180,000 to 32.934 million, at the […]
Euro edges lower on economic pessimism, Aussie hit by rate outlook
By Administrator_India Capital Sands The euro fell toward a three-year low versus the dollar ahead of a highly watched German survey on Tuesday, which is expected to show a sharp slump in investor confidence and fuel growing pessimism about the outlook for Europe’s largest economy. Financial markets clung to tight ranges following a U.S. public […]
China’s NHC: Novel coronavirus is preventable and treatable
By Ritu, Capital Sands At a daily press conference on Monday, Guo Yanhong, a hospital administration supervisor at China’s National Health Commission (NHC) said that that novel coronavirus is preventable and treatable. The percentage of infected patients in virus epicenter Wuhan who are critically ill had dropped to 18% now from 38% at the beginning […]
By Administrator_India Capital Sands The number of reported new cases of coronavirus in China’s Hubei province rose on Monday after two days of falls, as authorities imposed tough new restrictions on movement to prevent the spread of the disease which has now killed more than 1,700 people. With no end in sight for the outbreak, […]
Asian Markets Rise; Nikkei Underperforms Amid Weak Consumer Spending Data
By Administrator_India Capital Sands Asian markets rose on Friday morning as traders continued to monitor developments on the coronavirus outbreak following Thursday’s spike in the number of cases reported. China’s Shanghai Composite rose by 0.5%, while the Shenzhen Component climbed 1.4%. Beijing is set to cut tariffs on certain U.S. products by half later in the […]
Yes Bank delays quarterly results; shares up amid fresh fund raise talks
By Ritu, Capital Sands Troubled Indian lender Yes Bank Ltd said it will delay disclosing its October-December earnings by at least a month, and that it was in talks with potential investors for a cash infusion, sending its shares up almost 6% in Thursday trade. Yes Bank, in a regulatory filing late on Wednesday, said […]