Stocks – Dow Falls 450 as Virus Fears Spur Sharp Selling

By Administrator_India Capital Sands Wall Street closed sharply in the red Monday as virus fears gripped investors amid worries that an accelerated outbreak will hit China’s economy and slow global growth. The S&P 500 lost 1.58%, while the Nasdaq Composite fell 1.89% and the Dow Jones Industrial Average slumped 1.58%, more than 450 points. A sea of red washed over the […]

India wants Qatar to lower price of gas under long-term LNG deal: Dharmendra Pradhan

By  Administrator_India, Capital Sands India is seeking to renegotiate the long-term contract price of liquefied natural gas (LNG) it buys from Qatar, Oil Minister Dharmendra Pradhan said on Monday in New Delhi. “We need to re-examine the pricing mechanism” of the long-term natural gas deal with Qatar, Pradhan said at a gathering of industry officials […]

Shares, oil slide as China virus fears intensify; Yen, Treasuries in demand

By Administrator_India Capital Sands Stocks tumbled on Monday as investors grew increasingly anxious about the economic impact of China’s spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. Japan’s Nikkei average suffered a steep 1.8% loss, on track for the biggest one-day fall in three weeks. U.S. S&P […]

Exclusive: India faces first fall in direct taxes in at least two decades – sources

By Administrator_India, Capital Sands India’s corporate and income tax collection for the current year is likely to fall for the first time in at least two decades, over half a dozen senior tax officials told Reuters, amid a sharp fall in economic growth and cut in corporate tax rates. Prime Minister Narendra Modi’s government was […]

World Court says has preliminary jurisdiction in Myanmar genocide case

By Administrator_India, Capital Sands The International Court of Justice said on Thursday that it has jurisdiction to hear a case against Myanmar seeking emergency measures to prevent it committing genocide against its Rohingya minority. Presiding Judge Yusuf Abdulqawi, in the first minutes of reading the court’s decision, said the court does have sufficient jurisdiction to […]

Yen firm over China virus concern; Aussie jumps on jobs data

By Administrator_ India Capital Sands   The safe-haven Japanese yen was firm and the Chinese yuan fragile on Thursday as traders kept a wary eye on the spread of a virus in China, while the ailing Australian dollar jumped after a surprise drop in unemployment. Deaths from the flu-like coronavirus, rose to 17 on Wednesday. A […]

Stocks – DAX Hits New Record High as Virus Fears Fade in China

By  Administrator_India, Capital Sands Germany’s DAX index posted a record high shortly after the start of trading Wednesday, helped by the improved sentiment emerging from Asia regarding the new pneumonia-like virus in China. At 03:30 AM ET (0830 GMT), the benchmark index traded 0.5% higher at 13,627.38, just off the new high of 13,637.60. This breached the […]

Stocks – S&P Falls as U.S Coronavirus Scare Sours Sentiment

By Administrator, Capital Sands The S&P ended in the red Tuesday as selling hit Wall Street following news that the deadly coronavirus had reached the U.S. The S&P 500 lost 0.27%, while the Nasdaq Composite fell 0.19% and the Dow Jones Industrial Average lost 0.52%. The U.S. Centers for Disease Control and Prevention announced the first case of the coronavirus in […]

New Indian law to protect foreign investors to exclude tax demands – documents

By Ritu, Capital Sands New legislation will improve protection for foreign investors in India by offering relief from possible policy changes but will uphold the state’s right to tax them, according to its draft and government documents seen by Reuters. The bill also attempts to upgrade India’s investment climate and boost foreign investment by setting […]

China repeats call on Canada to release Huawei CFO Meng

By Ritu, Capital Sands China repeated its call on Monday for Canada to release detained Huawei Technologies Chief Financial Officer Meng Wanzhou as soon as possible, ahead of the executive’s first extradition hearing later in the day. “The resolve of the Chinese government to protect Chinese citizens’ proper legal rights is firm and unwavering,” foreign […]