By Administrator_India Capital Sands Indian Prime Minister Narendra Modi’s government has extended a nationwide coronavirus lockdown until May 17 but has allowed some relaxations, which will take effect on Monday. The following lists what remains banned and what is permitted: NATIONWIDE: Travel by air, rail, and metro and inter-state movement of people by road remains […]
By Administrator_India Capital Sands Oil prices jumped on Friday, extending the previous session’s gains, buoyed by a lower-than-expected gain in U.S. crude inventories and the start of output cuts in a bid to offset a slump in fuel demand triggered by the coronavirus pandemic. Brent crude for July delivery, which started trading on Friday as […]
By Ritu, Capital Sands Indian shares jumped more than 3% on Thursday and were set for their best month in nearly 11 years, as sentiment improved on promising early results from a COVID-19 drug trial, while heavyweight Reliance Industries gained ahead of its results. The NSE Nifty 50 index advanced 3.11% to 9,850.3 by 0455 […]
By Administrator_India Capital Sands China’s factories suffered a collapse in export orders in April, twin surveys showed, suggesting a full-blown recovery appeared some way off as the coronavirus health crisis shut down large parts of the world economy. The sobering result comes amid moves by major nations to ease up on lockdowns, underlining the stiff […]
By Ritu, Capital Sands Lending to euro zone companies surged in March as firms rushed for emergency funding amid the continent’s coronavirus-related lockdown, data from the European Central Bank showed on Wednesday. With millions of people forced to stay home, the bloc came to a standstill last month and the economy could shrink by a […]
By Administrator_India Capital Sands Oil prices climbed on Wednesday, trimming some of this week’s steep losses after U.S. stockpiles rose less than expected and hopes grew for demand to pick up as some European countries and U.S. cities moved to ease coronavirus lockdowns. U.S. West Texas Intermediate (WTI) crude futures jumped to a high […]
By Administrator_India Capital Sands The U.S. dollar sold off aggressively in early trade Monday, with traders turning away from the safe haven as more and more countries announce a gradual lifting of their Covid-19 restrictions. At 3 AM ET (0700 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, […]
By Administrator_India Capital Sands Gold was up in Asia on Monday morning, boosted by continuous economic stimuli to combat the COVID-19 pandemics economic woes. Gold futures were up by 0.23% at $1,739.60 as it reversed its earlier slip. The yellow metal’s previous session saw falls as investors cautiously cash out of their positions in the yellow metal as Asian stocks recorded gains. “Gold is holding well near highs of […]
By Administrator_India Capital Sands German business morale crashed in April in its most dramatic fall on record and hit its lowest reading since reunification as the coronavirus crisis takes a heavy toll on Europe’s largest economy. The Ifo institute said on Friday its April survey showed that its business climate index slumped to 74.3 from […]
By Administrator_India Capital Sands The RBI said on Thursday it will buy and sell bonds in a special operation this month, leaving traders wondering if it is attempting to partially monetise government debt – but giving the benchmark bond its biggest one-day rally in nearly six months. The RBI said it will simultaneously buy and […]
