By Administrator_India, Capital Sands Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$247.2 billion ($31.8 billion) in 2019, the second highest on record, the Hong Kong Monetary Authority (HKMA) said on Thursday. In 2018, the exchange fund recorded adjusted investment income of HK$10.9 billion. Easing trade […]
By Administrator_India Capital Sands A sharp deceleration in economic growth and surge in inflation have begun to weigh on the rupee exchange rate. The Indian rupee has become one of the worst performers among its Asian peers in the past one year, with the exception of the South Korean won and the Pakistani rupee. The […]
By Administrator_India, Capital Sands Britain’s government borrowed less than expected in December but there were signs the economy’s weakness was hurting corporate tax receipts, while a pay rise for health workers pushed up spending. Borrowing excluding public sector-owned banks in December alone fell slightly compared with a year earlier to 4.765 billion pounds, the Office […]
By Administrator_India Capital Sands The Department of Telecommunications (DoT) will begin issuing notices to telecom companies after the January 24 deadline for payment of AGR (adjusted gross revenue) dues, set by the Supreme Court, lapses, a senior official said. This comes even as the apex court on Tuesday agreed to list the “modification petition” filed by Bharti Airtel, Vodafone […]
By Administrator_India, Capital Sands With just days to go before the Union Budget 2020-21 is presented, all eyes are on tax receipts for the current fiscal year (April 2019-March 2020, or FY20), which would be revised in the Budget. The numbers become all the more important because actual tax collections fell short by Rs 1.91 […]
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By Ritu, Capital Sands India’s Hindu nationalist ruling party on Monday elevated a veteran lawmaker and long-time associate of Prime Minister Narendra Modi to become its president ahead of a string of state elections. Jagat Prakash Nadda, who rose through the ranks after cutting his teeth as a student leader in the 1970s, will become […]
By Ritu, Capital Sands Iran said on Monday that it had not closed the “door to negotiations” in efforts to resolve a dispute over its nuclear agreement with world powers that has escalated steadily since the United States withdrew from the deal in 2018. Foreign Ministry spokesman Abbas Mousavi said any further move by Tehran […]
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By Ritu, Capital Sands The dollar began the week on a firm note on Monday as economic data pointed to strength right across the U.S. economy, reducing the likelihood of interest rate cuts. The greenback held steady near a one-week high against the euro, at $1.1096, and just below an eight-month peak on the Japanese […]
By Ritu, Capital Sands Crude oil futures are steady at Rs 4,165 per barrel on January 17 as participants increased their long position as seen by the open interest. The prices were holding steady after China economy grew at its slowest pace in 30 years at 6 percent after Washington and Beijing inked “Phase One” […]
By Ritu, Capital Sands The dollar and the Chinese yuan remained steady a day after China and the U.S. signed a phase one trade deal aimed at easing tensions between the two largest economies in the world. The signing of the deal on Wednesday, Jan. 15, in the U.S. helped equities markets and lent some stability to […]
