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April 06, 2020
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Euro zone investor morale hits all-time low on coronavirus

Euro zone investor morale hits all-time low on coronavirus

By Ritu, Capital Sands Investor morale in the euro zone fell to an all-time low in April and the bloc’s economy is in deep recession due to the coronavirus, which is “holding the world economy in a stranglehold”, a survey showed on Monday. Sentix’s index for the euro zone fell to -42.9 from -17.1 in […]

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April 06, 2020
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UK PM Johnson hospitalised for tests after persistent coronavirus symptoms

UK PM Johnson in intensive care, needed oxygen after COVID-19 symptoms worsened

By Administrator_India Capital Sands British Prime Minister Boris Johnson was admitted to hospital for tests on Sunday after suffering persistent coronavirus symptoms 10 days after testing positive for the virus, though Downing Street said he remained in charge of the government. Johnson, who was isolating in Downing Street after testing positive last month, still had […]

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April 02, 2020
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Infection rate steepens as India searches for 9,000 exposed to Delhi cluster

Infection rate steepens as India searches for 9,000 exposed to Delhi cluster

By Ritu, Capital Sands India reported its biggest single day increase in coronavirus cases as officials on Thursday raced to track down some 9,000 people exposed to the country’s biggest infection cluster during a Muslim missionary group’s gathering in the capital last month. Prime Minister Narendra Modi has placed the world’s second most populous nation […]

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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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April 01, 2020
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Australia opens pop-up coronavirus test clinic at Bondi Beach

By Administrator_India Capital Sands Australian authorities opened a pop-up coronavirus testing clinic at Sydney’s Bondi Beach on Wednesday, as the country’s central bank warned the economic fallout from the pandemic could last for more than a year. Authorities were zeroing in on specific areas that have reported clusters of infections, following a sustained slow down […]

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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
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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
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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 30, 2020
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Major airlines urge U.S. Treasury to disburse assistance quickly

By Administrator_India Capital Sands Major U.S. airlines asked the U.S. Treasury to move quickly to release up to $58 billion in government grants and loans and recommended formula to divide up the money. In a letter dated Saturday, carriers wrote that “given the urgent and immediate need, it is essential that these funds be disbursed […]

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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 […]