By Ritu, Capital Sands India accounts for more than half the tally of those infected with coronavirus across south Asia, which crossed 12,000 on Friday, government data showed, despite a harsh weeks-long clampdown to control the outbreak. India’s capital of Delhi, and its financial hub of Mumbai, have emerged as hotspots and local officials are […]
By Ritu, Capital Sands A decision by the Supreme Court of India to make testing for coronavirus free places an unfair financial burden on medical firms and could see a reduction in testing, already among the world’s lowest, said business leaders and health experts. The concern is that private medical firms, like many businesses in […]
By Ritu, Capital Sands British Prime Minister Boris Johnson was in intensive care on Tuesday after receiving oxygen support for serious COVID-19 complications, leaving his foreign minister to lead the government’s response to the accelerating outbreak. Johnson’s personal battle with the virus has shaken the British government just as the United Kingdom enters what scientists […]
By Ritu, Capital Sands Investor morale in the euro zone fell to an all-time low in April and the bloc’s economy is in deep recession due to the coronavirus, which is “holding the world economy in a stranglehold”, a survey showed on Monday. Sentix’s index for the euro zone fell to -42.9 from -17.1 in […]
By Ritu, Capital Sands India reported its biggest single day increase in coronavirus cases as officials on Thursday raced to track down some 9,000 people exposed to the country’s biggest infection cluster during a Muslim missionary group’s gathering in the capital last month. Prime Minister Narendra Modi has placed the world’s second most populous nation […]
By Ritu, Capital Sands Sales at India’s biggest carmaker Maruti Suzuki India, which sells one in every two cars in the country, fell 16% in the last fiscal year, hit by a slowing economy and lean demand as well as the coronavirus outbreak. Maruti, majority owned by Japan’s Suzuki Motor Corp, sold 1.56 million vehicles […]
By Ritu, Capital Sands Indian bonds rallied on Tuesday after the Reserve Bank of India (RBI) announced a new category for foreign investors, while hopes of a reduction in April’s borrowing or cancellation ahead of the first-half borrowing plan aided sentiment. The RBI said on Monday it was introducing a new category called the “fully […]
By Ritu, Capital Sands Russian President Vladimir Putin will refuse to submit to what the Kremlin sees as oil blackmail from Saudi Arabia, signaling the price war that’s roiling global energy markets will continue. The unprecedented clash between the two giant exporters — and former OPEC+ allies — threatens to push the price of a […]
By Ritu, Capital Sands World leaders raced to shore up panic-stricken global markets on Thursday, pouring liquidity into the financial system as investors everywhere dumped assets, switching to dollars in cash amid the escalating coronavirus pandemic. Policymakers in the United States, Europe and Asia resorted to emergency action as the pandemic left their economies virtually […]
By Ritu, Capital Sands The euro is under pressure Wednesday, as bond markets remind euro zone countries of the costs of the measures needed to combat the coronavirus outbreak. EUR/USD traded at 1.0971, down 0.2%, after falling as low as 1.0953 overnight. Europe has become the chief battleground against the virus, with deaths continuing to soar […]