By Administrator_India Capital Sands India plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic petroleum reserves, two sources familiar with the matter said on Monday. Global oil prices have fallen around 40% in March as the impact of the coronavirus pandemic has […]
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 plunged at the sharpest pace in 30 years amid the spread of coronavirus. Brent crude was down $2.89, or 8.5%, to $30.96 a barrel by […]
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By Administrator_India Capital Sands The US Federal Reserve has cut its key interest rate to virtually zero and launched a massive $700 billion quantitative easing programme. Citing “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” it announced drastic emergency measures to shore up confidence and keep the […]
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By Ritu, Capital Sands The fallout from the coronavirus spread across the Pacific on Friday, with Australian travel firms issuing profit warnings and Japanese carriers cutting capacity, while U.S. airlines rushed to cut flights to Europe in the wake of new travel restrictions. U.S. travel curbs on much of continental Europe announced by President Donald […]
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By Administrator_India, Capital Sands Canadian Prime Minister Justin Trudeau will be in isolation for two weeks after his wife, Sophie, tested positive for coronavirus on Thursday, and the outbreak prompted the province of Ontario to shutter schools to limit the spread. Sophie Gregoire Trudeau recently returned from London and experienced flu-like symptoms, so she was […]
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By Ritu, Capital Sands There seems to be no end to the mayhem the coronavirus has brought to Indian markets, with the benchmark BSE Sensex posting its biggest single-day decline on March 12, hours after the WHO declared the viral outbreak a pandemic. The 30-share Sensex crashed 3,304.3 points intraday with all stocks in the red. […]
By Administrator_India Capital Sands The Bank of England slashed interest rates by half a percentage point on Wednesday and announced support for bank lending just hours before the unveiling of a budget splurge designed to stave off a recession triggered by the coronavirus outbreak. In what amounts to a choreographed double-barrelled stimulus programme, the BoE […]
By Administrator_India Capital Sands As U.S. coronavirus cases rose steadily, the White House and Congress negotiated measures on Tuesday to bolster the U.S. economy and Americans’ paychecks against the outbreak’s impact, although there was no immediate sign of a deal. The rise in the number of U.S. cases of COVID-19, a highly contagious and sometimes […]
By Administrator_India Capital Sands India’s retail inflation likely cooled from recent highs to a three month low in February, due to moderating food prices, but remained above the Reserve Bank of India’s target band, a Reuters poll of economists found. Inflation eased to 6.80%, significantly lower than January’s 7.59%, according to the March 4-6 poll […]
By Ritu, Capital Sands Crude oil futures plummeted on Friday as Russia reportedly refused to support the Organization of Petroleum Exporting Countries’ proposal to cut crude output by an additional 1.5 million barrels a day. OPEC had agreed its proposal on Thursday, desperate to bring the global oil market back into balance. Demand has fallen through […]
