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March 02, 2020
48 views 2 mins 0

Indonesia confirms first cases of coronavirus, link to Japanese visitor

Indonesia confirms first cases of coronavirus, link to Japanese visitor

By Ritu, Capital Sands Two Indonesians have tested positive for coronavirus after coming into contact with an infected Japanese national, President Joko Widodo said on Monday, marking the first confirmed cases in the world’s fourth-most populous country. The discovery comes after some medical experts had raised concerns about a lack of vigilance and a risk […]

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March 02, 2020
36 views 3 mins 0

Yen, Euro gain on dollar as markets bet Fed will cut rates this month

By Administrator_India Capital Sands The yen and the euro were on the front foot against the dollar on Monday as traders raised their bets of an interest rate cut by the U.S. Federal Reserve this month to shield the economy from the rapid spread of the coronavirus. As U.S. shares were routed in recent days, […]

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February 28, 2020
47 views 2 mins 0

China Makes Bad Loans Disappear as Virus Pummels Banks

China Makes Bad Loans Disappear as Virus Pummels Banks

By Ritu, Capital Sands Chinese banks are taking extraordinary measures to avoid recognizing bad loans, seeking to shield themselves and cash-strapped borrowers from the economic fallout of the coronavirus outbreak. Some of the measures, which include rolling over loans to companies at risk of missing payment deadlines and relaxing guidelines on how to categorize overdue […]

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February 28, 2020
38 views 2 mins 0

Dollar stumbles as coronavirus ramps up Fed cut bets

By Administrator_India Capital Sands The dollar nursed losses on Friday after its worst day against the euro in nearly two years, as the global spread of the coronavirus fired up expectations for a U.S. rate cut and pushed the hunt for yield elsewhere. The worsening outbreak now has money markets all but certain the Federal […]

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February 27, 2020
43 views 2 mins 0

U.K. May See Investment Surge on Brexit, Budget, Economist Says

U.K. May See Investment Surge on Brexit, Budget, Economist Says

By Ritu Capital Sands There’s a good chance that U.K. companies will unleash spending this year with a double boost from an expansionary budget and more clarity over Brexit, according to Bank of England Chief Economist Andy Haldane. Investment has been stuck in the doldrums since the 2016 referendum, curbing growth and constraining the U.K.’s […]

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February 27, 2020
34 views 3 mins 0

South Korea reports 334 new coronavirus cases, postpones military drill with U.S. troops

By Administrator_India Capital Sands South Korea reported 334 additional cases of the new coronavirus on Thursday, the largest daily increase yet, as the U.S. State Department issued a new travel warning for South Korea and a joint military drill was postponed. The new cases bring the total tally to 1,595, the Korea Centers for Disease […]

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February 25, 2020
42 views 54 secs 0

India’s economy likely grew 4.7% in December quarter

India's economy likely grew 4.7% in December quarter

By Ritu, Capital Sands Indian economic growth likely accelerated a touch in the October-December period after its weakest expansion in over six years in the previous quarter, a Reuters poll showed, with a small rebound in rural demand and private consumption expected. Annual gross domestic product growth likely rose to 4.7% in the last quarter […]

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February 25, 2020
35 views 3 mins 0

Modi holds huge rally for U.S. president’s India visit

By Administrator_India Capital Sands Donald Trump was cheered by more than 100,000 Indians at the opening of the world’s largest cricket stadium on Monday, promising “an incredible trade deal” and “the most feared military equipment on the planet” at his biggest rally abroad. Indians wore cardboard Trump masks and “Namaste Trump” hats to welcome the […]

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February 24, 2020
36 views 50 secs 0

PepsiCo buys Chinese snack brand Be & Cheery for $705 mn

PepsiCo buys Chinese snack brand Be & Cheery for $705 mn

By Ritu, Capital Sands PepsiCo Inc has agreed to buy Chinese snack brand Be & Cheery from local jujube maker Haoxiangni Health Food Co Ltd for $705 million, the companies said. The U.S. multinational food and beverage maker said the acquisition of Be & Cheery, which sells snacks from nuts to dried fruits mainly on […]

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February 24, 2020
45 views 2 mins 0

Virus spread beyond China drives investors to dollars

By Administrator_India Capital Sands Asian currencies slid on Monday as the rapid spread of the coronavirus outside China drove fears of a pandemic and sent investors flocking to gold and the dollar for safety. Italy, South Korea and Iran posted sharp rises in infections over the weekend. South Korea now has more than 760 cases, […]