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 […]
By Administrator_India Capital Sands As countries scramble for face masks to protect their healthcare workers from the coronavirus, German and U.S. manufacturers in Europe are seeing an opportunity more permanently to take on big Asian rivals and bring mask production closer to home. Both the heavy duty N95 respirator masks, also known as FFP2, and […]
By Administrator_India Capital Sands Oil rose on Thursday, with U.S. crude rebounding from near-20-year lows in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand. Brent crude was up 69 cents, or 2.5%, at $28.38 […]
By Administrator_India Capital Sands India is likely to receive average monsoon rains this year, the state-run weather office said on Wednesday, raising expectations of higher farm output in Asia’s third-biggest economy, which is reeling from the coronavirus spread. Monsoon rains are expected to be 100% of a long-term average, M. Rajeevan, secretary at the Ministry […]
By Administrator_India Capital Sands The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s, the International Monetary Fund said on Tuesday. The IMF, in its 2020 World Economic Outlook, predicted a partial rebound in […]
