By Administrator_India Capital Sands A dollar at four-month lows helped gold prices tick up to nine-year highs on Wednesday morning in Asia. Gold futures were up by 0.80% to $1,858.60. Gold is at nine-year highs, rising to levels it has not hit since September 2011. Investors seem to be looking for a safe haven […]
By Administrator_India Capital Sands Economic activity in the Gulf will contract sharply this year before recovering in 2021, hit by the double shock of the coronavirus pandemic and an oil price crash, a quarterly poll showed on Tuesday. Analysts in the July 7-20 poll see a deep economic contraction in the hydrocarbon-producing region this […]
By Administrator_India Capital Sands Japan’s exports plunged at a double-digit pace for the fourth month in a row in June, backing signs the coronavirus crisis has knocked the economy into its worst postwar recession and raising the spectre of a longer and more painful global downturn. U.S.-bound Japanese shipments nearly halved again due to […]
By Administrator_India Capital Sands Singapore’s exports rebounded in June at a faster rate than expected, mainly due to a surge in electronics and gold from a low base a year ago. Non-oil domestic exports jumped 16.1% from the same time in 2019, exceeding the highest forecast in the survey. The exports rose 0.5% from […]
By Administrator_India Capital Sands Twitter said hackers accessed its internal systems to hijack some of the platform’s top voices including U.S. presidential candidate Joe Biden, reality TV star Kim Kardashian, former U.S. President Barack Obama and billionaire Elon Musk and used them to solicit digital currency. Twitter said employees with access to its internal […]
By Administrator_India Capital Sands The Bank of Japan left its monetary stimulus untouched Wednesday, while painting a gloomier picture of the economy this year as it signalled it doesn’t see a quick recovery from the pandemic. The BOJ kept its short-term interest rate at -0.1%, its 10-year yield target around zero and left its […]
By Administrator_India Capital Sands Oil prices fell sharply in Asia on Tuesday, after yet another surge in COVID-19 cases around the world hit at expectations for a rapid economic recovery and exacerbated fears of falling demand. Adding to the concerns were expectations that the OPEC+ group of producers would start backing away from large […]
By Administrator_India Capital Sands The U.S. dollar edged down in Asian trade on Monday as investors looked to looming economic data from around the world and U.S. corporate earnings to gauge whether the markets’ guarded optimism on the economic outlook is justified. The greenback had ended its third week of losses on Friday as […]
By Administrator_India Capital Sands International Monetary Fund Chief Economist Gita Gopinath urged governments to shift to “equity-like” support from one focused on loans as the coronavirus pandemic inflicts prolonged damage on companies. Gopinath said the massive scale of the shock meant more firms will become insolvent as they suffer lower revenues for many months. […]
By Administrator_India Capital Sands Australian Prime Minister Scott Morrison on Thursday announced measures to assist Hong Kong citizens start a new life in Australia, including extending visas by five years, after Beijing imposed a new security law on the Asian financial hub. Morrison also suspended an extradition agreement with Hong Kong. Under the security law […]
