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April 01, 2020
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India’s top carmaker Maruti Suzuki reports 16% sales fall

India's top carmaker Maruti Suzuki reports 16% sales fall

By Ritu, Capital Sands Sales at India’s biggest carmaker Maruti Suzuki India, which sells one in every two cars in the country, fell 16% in the last fiscal year, hit by a slowing economy and lean demand as well as the coronavirus outbreak. Maruti, majority owned by Japan’s Suzuki Motor Corp, sold 1.56 million vehicles […]

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March 31, 2020
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Indian bonds rally on new foreign investment category

Indian bonds rally on new foreign investment category

By Ritu, Capital Sands Indian bonds rallied on Tuesday after the Reserve Bank of India (RBI) announced a new category for foreign investors, while hopes of a reduction in April’s borrowing or cancellation ahead of the first-half borrowing plan aided sentiment. The RBI said on Monday it was introducing a new category called the “fully […]

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March 31, 2020
37 views 2 mins 0

Pandemic to hit growth in Asia, China: World Bank

By Administrator_India Capital Sands The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China, the World Bank said in an economic update on Monday. The bank said precise growth forecasts were difficult, given the rapidly changing situation, but its baseline now called for […]

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March 30, 2020
59 views 2 mins 0

India says no plan to extend coronavirus lockdown as poor struggle

India says no plan to extend coronavirus lockdown as poor struggle

By Administrator_India Capital Sands India has no plans to extend a 21-day lockdown to slow the spread of the coronavirus, the government said on Monday, as it struggled to keep essential supplies flowing and prevent tens of thousands of out-of-work people fleeing to the countryside. Prime Minister Narendra Modi ordered the country’s 1.3 billion people […]

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March 27, 2020
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Ferrari extends Italian plant closures to April 14 subject to supplies

Ferrari extends Italian plant closures to April 14 subject to supplies

By Administrator_India Capital Sands Luxury carmaker Ferrari  said on Friday it would extend the shutdown of its two Italian plants and reopen on April 14, provided it had supplies, and update 2020 forecasts in May when it releases its first-quarter earnings. Ferrari this month closed factories in Maranello and Modena, in the northern Italian region […]

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March 26, 2020
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World stocks slip as U.S. jobs angst outweighs record stimulus

World stocks slip as U.S. jobs angst outweighs record stimulus

By Administrator_India Capital Sands World share markets fell on Thursday as nerves over jobs data likely to lay bare the economic carnage from the coronavirus pandemic outweighed a $2 trillion U.S. stimulus package. The U.S. Senate on Wednesday backed the massive bill aimed at helping jobless workers and industries reeling from the virus, with the […]

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March 26, 2020
38 views 46 secs 0

PBOC Acts to Stabilize Yuan After Currency Under-performs Peers

By Administrator_India Capital Sands China set its daily reference rate for the yuan at a stronger-than-expected level Thursday, with the central bank perhaps signaling efforts to support the currency following recent weakness. The PBOC put the fixing at 7.0692 yuan per dollar, 105 basis points stronger than the average forecast of analysts surveyed by Source. […]

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March 25, 2020
37 views 2 mins 0

UK inflation falls from six-month high

UK inflation falls from six-month high

By Administrator_India Capital Sands British inflation fell in February, before the coronavirus crisis hit the country, and economists predict a further sharp fall in the next couple of months due to the collapse in global oil prices caused by the pandemic. Consumer price inflation fell to 1.7% in February from a six-month high of 1.8% […]

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March 23, 2020
31 views 2 mins 0

Saudi imposes curfew to curb coronavirus spread, UAE suspends passengers flights

By Administrator_India Capital Sands Saudi Arabia will impose a nationwide curfew starting on Monday after reporting a jump of almost a quarter in coronavirus cases, while the United Arab Emirates will suspend all passenger and transit flights to and from the country. Saudi King Salman ordered a curfew – from 7 pm to 6 am […]

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March 20, 2020
62 views 2 mins 0

Putin Won’t Submit to What Is Seen as Saudi Oil-Price Blackmail

Putin Won’t Submit to What Is Seen as Saudi Oil-Price Blackmail

By Ritu, Capital Sands Russian President Vladimir Putin will refuse to submit to what the Kremlin sees as oil blackmail from Saudi Arabia, signaling the price war that’s roiling global energy markets will continue. The unprecedented clash between the two giant exporters — and former OPEC+ allies — threatens to push the price of a […]