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Gold Prices Slips on U.S.-China Deal

By Ritu, Capital Sands Gold prices slipped on Thursday in Asia after the U.S. and China signed a historic trade deal. Gold Futures slipped 0.1% to $1,552.15 by 1:30 AM ET (05:30 GMT). Tensions remained however, as Washington decided to keep duties on some $360 billion...

Russia’s COVID-19 vaccine Sputnik V makes headway in India

By Administrator _India Capital Sands The Drug Controller General of India on October 17 gave Dr Reddy's Laboratories the permission to conduct late-stage clinical trials for Russia's COVID-19 Sputnik V vaccine in the country. The nod came after the Hyderabad-based...

Gold Heads for First Weekly Drop in Three as Stimulus in Focus

By Administrator _ India Capital Sands Gold’s been trading in a narrow range so far in October amid uncertainty surrounding the prospects of a stimulus deal being passed before the Nov. 3 presidential election. The International Monetary Fund has said that more public...

India expected to have Covid vaccine by early next year

By Administrator_ India Capital Sands India is expected to have a Covid-19 vaccine from more than one source by early next year and the government is formulating distribution strategies for the immunisation of people across the country, Union Health Minister Harsh...

Oil prices steady amid return of supply, while COVID-19 lockdowns tighten

By Administrator _ India Capital Sands Oil prices were steady in early trade on Tuesday, sitting on losses of nearly 3% from the previous session after supplies began to resume in Norway and the U.S. Gulf of Mexico and Libya resumed production at its largest oilfield....

Microsoft to expand its work from home policy, make it permanent for some staff

By Administrator_ India Capital Sands Seattle-based technology giant Microsoft has decided to expand its work-from-home policy and make it permanent for some workers. The company has released the new "hybrid workplace" guidance that lays out how employees can have a...

Gold Jumps Over Weaker Dollar, Stimulus Hopes Revive

By Administrator_ India Capital Sands Gold futures jumped 1.15% at $1,916.80 by 11:07 PM ET (3:07 AM GMT), climbing above the $1.900-mark. The dollar was down on Friday. Talks between House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin...

PM Modi wants Yale and Oxford to be able to open campuses in India

By Administrator_ India Capital Sands India’s universities have produced chief executive officers at companies from Microsoft Corp. to Google -- now Prime Minister Narendra Modi thinks they can be even better with competition from global names like Yale, Oxford and...

Sebi comes out with uniform time period for listing of securities

By Administrator_India Capital Sands The Securities and Exchange Board of India (Sebi) on Monday came out with a uniform time period for listing securities, including municipal bonds, issued on a private placement basis. The timeline will be applicable for...

Gold set for worst monthly fall in 4 years as dollar strengthens

By Administrator_India Capital Sands Gold in the international market declined on Wednesday and was on track for the biggest monthly fall in nearly four years, as the dollar benefited from caution that crept into the financial markets after the first US presidential...

JPMorgan to pay $920 mn for manipulating precious metals, treasury market

By Administrator_India Capital Sands JPMorgan Chase & Co has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the U.S. authorities said on...