By Administrator_India Capital Sands Oil rose on Thursday, spurred by rising tensions in the Middle East, output cuts by producing nations to tackle oversupply and the promise of more government stimulus to ease the economic pain of the new coronavirus pandemic. Brent crude was up $1.78, or 8.7%, at $22.15 a barrel by 0940 GMT. […]
By Administrator_India Capital Sands The coronavirus pandemic battered Asian economies in April with social-distancing policies and business closures taking a particularly heavy toll on the region’s service sector firms, surveys showed on Thursday. The outbreak, which has infected more than 2.5 million and killed about 180,000 globally, has also continued to cripple manufacturing, shutting […]
By Ritu, Capital Sands British Prime Minister Boris Johnson on Wednesday faced a call for an inquiry into his government’s handling of the coronavirus crisis after failing to fully explain partial death data, limited testing or the lack of equipment for hospitals. The novel coronavirus outbreak, the worst health crisis since the 1918 influenza […]
By Administrator_India Capital Sands Gold prices in Asia rose on Wednesday morning in Asia as stocks took a hit from the sharp drop in oil prices. Gold futures were up by 1.11% at $1,706.60 by 11:17 PM ET (4:17 GMT), as Asian stocks reported losses for a second day in response to oil futures tumbling in the previous session. The yellow metal is seeing its prices restore […]
By Administrator_India Capital Sands The U.S. dollar has edged higher Tuesday, with investors choosing this safe haven amid the coronavirus-inspired uncertainty, especially in the oil markets. At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.278, up 0.2%, while GBP/USD fell 0.2% to 1.2414. USD/JPY down […]
By Administrator_India Capital Sands Police in Indian-administered Kashmir are investigating two journalists for allegedly spreading “fake news,” authorities said on Monday, as a months-long security crackdown in the Muslim-majority state persists. Kashmir Police Chief Vijay Kumar told Reuters freelance Kashmiri photojournalist Masrat Zehra, a contributor to various international publications, had been booked under India’s Unlawful […]
By Administrator_India Capital Sands China’s health authority called for a stronger and more rigorous testing regime to ensure that the new coronavirus does not escape detection, whether in travellers arriving from abroad or from other parts of the country. All localities must improve their testing capabilities, including those at border crossings, and report any epidemic […]
By Administrator_India Capital Sands China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy, after it contracted for the first time in decades. The one-year loan prime rate was lowered by 20 basis points to 3.85% from 4.05% previously, while the five-year LPR […]
By Administrator_India Capital Sands China’s gross domestic product plunged 6.8% in the first quarter, its first drop since data was gathered in 1992. Germany readies a coronavirus tracing app. Gilead Sciences’ shares soared after hours as the American biotechnology company reported positive clinical trial results for its drug to treat the virus, while Boeing announced it […]
By Administrator_India Capital Sands India’s finance minister said on Thursday the country could not support a general allocation of new Special Drawing Rights by the International Monetary Fund because it might not be effective in easing coronavirus-driven financial pressures. Finance Minister Nirmala Sitharaman said in a statement to the IMF’s steering committee that she also […]
