Author: Ritu
India’s March services activity contracts amid coronavirus disruptions
By Ritu, Capital Sands India’s dominant services sector, the lifeblood for economic growth and jobs, contracted in March as new business and export demand fell sharply as the coronavirus pandemic wr... Read More
U.S. economy to shrink at fastest rate since 1946
By Ritu, Capital Sands The United States economy will shrink 5.5% in 2020, the steepest drop since 1946, with a huge 38% contraction predicted for the second quarter, Morgan Stanley said on Friday in ... Read More
India’s property prices face steep falls as virus freezes market
By Ritu, Capital Sands India’s real estate market is likely to see a significant price correction for the first time in a decade as the coronavirus pandemic stalls businesses across the country, acc... Read More
Europe sends medical goods to Iran in trade test
By Ritu, Capital Sands France, Germany and Britain have exported medical goods to Iran in the first transaction conducted under a trade mechanism set up to barter humanitarian goods and food after the... Read More
Yes Bank gets Rs 60,000cr lifeline from RBI, but there is a caveat
By Ritu, Capital Sands The RBI has reportedly given Yes Bank credit support of Rs 60,000 crore as the troubled private lender resumed full operation on March 18. The line of credit was provided to e... Read More
US Futures Halted; Wall Street Seen Slumping
By Ritu, Capital Sands U.S. stocks are set to open with hefty losses Wednesday, giving back Tuesday’s gains, with investors fearful that the proposed virus stimulus package will not be sufficient to... Read More
Philippines first country to suspend all markets as coronavirus spreads
By Ritu, Capital Sands The Philippine Stock Exchange closed indefinitely on Tuesday while currency and bond trading were suspended, the first shutdown of markets worldwide in response to the coronavir... Read More
U.S. crude falls below $30 as Fed move fails to calm markets
By Ritu Capital Sands U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunge... Read More