By Ritu, Capital Sands After getting caught up in last week’s punishing virus-driven sell-off, gold rebounded on Monday to refresh its haven credentials. The metal advanced after a weekend of negative developments, including a surge in virus cases around the world. With rising expectations that central banks will now act, assets including copper, oil and equities […]
By Administrator_India Capital Sands Oil prices pared losses after earlier hitting multi-year lows on Monday as hopes that a bigger than expected production cut from OPEC and stimulus from central banks could offset economic gloom from the coronavirus outbreak. Brent crude was at $50.32 a barrel, up 65 cents, or 1.3%, after earlier dropping to […]
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By Ritu, Capital Sands Turkey will no longer stop Syrian refugees from reaching Europe, a senior Turkish official said, as Ankara responded on Friday to the killing of 33 Turkish soldiers in an air strike by Syrian government forces in Syria’s northwestern Idlib region. The attack more than doubled Turkey’s military death toll in February […]
By Administrator_India Capital Sands Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world, countries started stockpiling medical equipment and investors took flight in expectation of a global recession. Share prices were on track for the worst week since the global financial crisis in 2008 as virus-related […]
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By Ritu, Capital Sands India added more than three dollar billionaires every month in 2019, taking the tally to 138 that has helped the country to feature at the third position globally, says a report. China and the US occupied the first and second spot with 799 and 626 billionaires, respectively. In total, India got […]
By Administrator_India Capital Sands Finance Minister Nirmala Sitharaman on Wednesday told state-owned banks to not “blindly” trust the credit scores of loan seekers, and to focus on improving branch-level connect with customers. Her suggestions came on a day she launched a new set of reform measures for public sector banks (PSBs), aimed at enhancing the role of technology. The FM said […]
By Ritu, Capital Sands Auto sales in China fell 18.7% in January, more than expected and marking the industry’s 19th consecutive month of sales decline, data from the country’s biggest auto industry association showed on Wednesday. The China Association of Automobile Manufacturers posted on its official WeChat account that new energy vehicle sales during the […]
By Administrator_India Capital Sands The U.S. International Trade Commission on Tuesday threw out the U.S. anti-dumping and anti-subsidy duties on fabricated structural steel from Canada and Mexico, ruling that such imports do not harm U.S. producers. The decision by the panel in a split, 3-2 vote is a rare rejection of U.S. duties imposed by […]
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By Ritu, Capital Sands European Union governments were expected to adopt a negotiating mandate on Tuesday for the tricky task of reaching a deal with Britain on future ties after it left the bloc last month. The EU mandate aims to offer Britain, which sells 45% of exports and buys 53% of imports from the […]
By Administrator_India Capital Sands Oil rose on Tuesday as investors snapped up bargains after crude benchmarks dropped almost 4% in the previous session, but fears that the spreading coronavirus could wreak far greater economic damage than initially thought capped gains. Brent crude rose 29 cents, or 0.5%, to $56.59 a barrel, after slipping 3.8% on […]
