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 […]
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By Ritu, Capital Sands European stock markets traded up after the open Thursday, taking their lead from the positive close on Wall Street overnight after the signing of the trade deal between the U.S. and China. At 04:15 ET (0910 GMT), the DAX traded 43 points, or 0.3% higher. France’s CAC 40 was up 18 points, or 0.3%. The […]
By Ritu, Capital Sands The government is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth, two officials with direct knowledge of the matter told Reuters. In a 40-page initial draft, finance ministry has proposed appointing a mediator and setting up […]
By Ritu, Capital Sands Bitcoin has recorded its best start to the year since 2012. Optimism has returned to the market following a crash after the 2017 record high. Bitcoin was trading at around $8,667.33 at 13:34 p.m. SIN/HK up roughly 21% so far this year. Other digital coins including ethereum and XRP have followed suit, posting more than 20% […]
By Ritu, Capital Sands Michael Debabrata Patra, 59, has been appointed the Reserve Bank of India (RBI) deputy governor for three years. The post fell vacant after Viral Acharya resigned on July 23 last year. Patra, as executive director of the central bank, was the principal advisor to the Monetary Policy Department since July 2012. […]
By Ritu, Capital Sands The pound extended its decline to the longest run in eight months as speculation of an imminent Bank of England interest-rate cut increased. Sterling fell as much as 0.3% against the dollar to $1.2955. Credit Agricole SA pointed out that more than half of the members of the bank’s Monetary Policy Committee are […]
By Ritu, Capital Sands Asian stocks rose in morning trade on Tuesday after the U.S. dropped China’s currency manipulator label, saying that it has made “enforceable commitments” not to devalue the yuan. China’s Shanghai Composite inched up 0.1%, while the Shenzhen Component gained 0.3%. “China has made enforceable commitments to refrain from competitive devaluation, while promoting transparency and accountability. […]
