By Administrator_India Capital Sands The dollar fell against most Asian currencies on Wednesday as prospects of more government stimulus and a global economic recovery emboldened investors to step up holdings of riskier assets. The Australian dollar hit a five-month high against the dollar, as funds headed toward economies that are seen to be recovering the […]
By Administrator_India Capital Sands Oil prices rose in early trade on Tuesday, with traders waiting to see whether major crude producers agreed to extend their huge output cuts to shore up prices at a meeting expected later this week. Brent crude futures rose 0.3%, or 12 cents, to $38.44 a barrel. U.S. West Texas […]
By Administrator_India Capital Sands The dollar inched lower on Tuesday as growing optimism about a global recovery from the COVID-19 pandemic supported riskier currencies, though concerns about Sino-U.S. tensions held further moves in check. After a quiet start to the week due to holidays in Britain and the United States, the greenback was a fraction […]
By Administrator_India Capital Sands Oil prices slumped on Friday after China’s decision to omit an economic growth target for 2020 renewed concerns that the fallout from the coronavirus pandemic will continue to depress fuel demand in the world’s second-largest oil user. Brent crude fell $1.56, or 4.3%, to $34.50 a barrel, after gaining nearly […]
By Administrator_India Capital Sands Italian shops, restaurants, and churches reopened their doors to spring sunshine on Monday, Greece welcomed visitors back to the Acropolis – and Spain hoped for tourists to return in summer in cautious steps to ease coronavirus lockdowns. Italians could once again sip their morning cappuccino at the bar, albeit at […]
By Administrator_India Capital Sands Oil prices climbed by more than $1 a barrel on Monday to their highest in more than a month, supported by ongoing output cuts and signs of a gradual recovery in fuel demand as more countries ease curbs imposed to stop the coronavirus pandemic spreading. Brent crude LCOc1 was up $1.19, […]
By Administrator_India Capital Sands In its second package, the government on Thursday announced Rs 3.16 trillion support for vulnerable sections, including migrant workers, farmers, tribals, street vendors, and the middle class — all hit hard by the lockdown. However, experts said implementation was the key because identifying beneficiaries was a challenge. They also said the government […]
By Administrator_India Capital Sands The dollar held onto gains against major currencies on Thursday after U.S. Federal Reserve Chairman Jerome Powell dismissed speculation that policymakers will adopt negative interest rates. The Australian dollar was under pressure before closely-watched data on the jobs market, which may help determine how much more monetary and fiscal easing is […]
By Ritu, Capital Sands The Phase 1 trade deal between China and the United States will benefit for both countries and the world, the Chinese foreign ministry said on Tuesday after being asked whether China is considering renegotiating the deal. Chinese foreign ministry spokesman Zhao Lijian told reporters during a daily briefing that both countries […]
By Ritu, Capital Sands The impact of the coronavirus outbreak will exacerbate the material slowdown in India’s economic growth, with the country expected to see 0% expansion in the current fiscal year, analysts at Moody’s said on Friday. The ratings agency said it expected India to see no growth in financial year 2021 and bounce […]
