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February 20, 2020
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Google plans to move UK users’ accounts outside EU jurisdiction

By Administrator_India Capital Sands Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, the company confirmed late on Wednesday. The shift, prompted by Britain’s exit from the EU, will leave the sensitive personal information of tens of millions with less […]

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February 19, 2020
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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 […]

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February 18, 2020
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Euro edges lower on economic pessimism, Aussie hit by rate outlook

Euro Under Pressure as Sovereign Spreads Balloon

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 […]

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February 17, 2020
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China’s NHC: Novel coronavirus is preventable and treatable

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 […]

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February 14, 2020
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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 […]

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February 13, 2020
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Yes Bank delays quarterly results; shares up amid fresh fund raise talks

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 […]

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February 13, 2020
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India’s January retail inflation rises, industrial output shrinks

By Administrator_India Capital Sands India’s annual retail inflation accelerated to its highest level in nearly six years, while industrial output unexpectedly contracted, showing that Asia’s third-largest economy remains troubled. Annual retail inflation rose to 7.59% in January, partly driven by rising vegetable prices. December industrial output contracted 0.3%, after rising for the first time in […]

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February 12, 2020
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Oil prices rise as new virus cases slow, easing Chinese demand concerns

By Administrator_India, Capital Sands Oil prices rose for a second day on Wednesday amid preliminary signs that new coronavirus cases are slowing in China, easing concerns over the demand impact from the disease in the world’s second-largest oil consumer. Brent crude was up 73 cents, or 1.3%, at $54.75 per barrel. U.S. West Texas Intermediate […]

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February 11, 2020
46 views 2 mins 0

Oil gains 1% as short-sellers take profit; investors still wary over coronavirus

By Administrator_India Capital Sands Oil prices rose more than 1% on Tuesday as recent sharp falls have encouraged investors holding short positions to book profits, but the market remains jittery over the Wuhan virus, which has now killed more than 1,000 in China. Brent crude rose 79 cents, or nearly 1.5%, to $54.06 a barrel, […]