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Indian banks to appeal for relief on bad loans amid coronavirus concerns Best ECN trader in India Best Forex trader in India Best MT5 Broker in India Commodity Trader Stock Broker

Indian banks to appeal for relief on bad loans amid coronavirus concerns

By  Administrator_India, Capital Sands The coronavirus pandemic has sparked concerns about a fresh surge in bad loans at India’s lenders, and the industry body representing the banks plans to appeal to regulators to provide some reprieve in bad-debt classification, two sources told Reuters on Tuesday. “Discussions are on at this stage and we will make […]

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Philippines first country to suspend all markets as coronavirus spreads Best Forex trader in India Best MT5 Broker in India Commodity Trader Political News Stock Broker

Philippines first country to suspend all markets as coronavirus spreads

  • March 17, 2020
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By Ritu, Capital Sands The Philippine Stock Exchange closed indefinitely on Tuesday while currency and bond trading were suspended, the first shutdown of markets worldwide in response to the coronavirus, with authorities citing risks to the safety of traders. The move comes after some bourses around the world closed trading floors or paused trade after […]

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Exclusive: India plans to top up strategic tanks with cheap Saudi, UAE oil – sources

By Administrator_India Capital Sands India plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic petroleum reserves, two sources familiar with the matter said on Monday. Global oil prices have fallen around 40% in March as the impact of the coronavirus pandemic has […]

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U.S. crude falls below $30 as Fed move fails to calm markets Best ECN trader in India Best Forex trader in India Best MT5 Broker in India Commodity Trader

U.S. crude falls below $30 as Fed move fails to calm markets

  • March 16, 2020
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By Ritu Capital Sands U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus. Brent crude was down $2.89, or 8.5%, to $30.96 a barrel by […]

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Fed cuts interest rate to zero, launches $700bn QE programme Best ECN trader in India Best Forex trader in India Best MT5 Broker in India Commodity Trader Political News

Fed cuts interest rate to zero, launches $700bn QE programme

By Administrator_India Capital Sands The US Federal Reserve has cut its key interest rate to virtually zero and launched a massive $700 billion quantitative easing programme. Citing “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” it announced drastic emergency measures to shore up confidence and keep the […]

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Travel industry under siege as coronavirus contagion grows Best ECN trader in India Best Forex trader in India Best MT5 Broker in India Commodity Trader Stock Broker

Travel industry under siege as coronavirus contagion grows

  • March 13, 2020
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By Ritu, Capital Sands The fallout from the coronavirus spread across the Pacific on Friday, with Australian travel firms issuing profit warnings and Japanese carriers cutting capacity, while U.S. airlines rushed to cut flights to Europe in the wake of new travel restrictions. U.S. travel curbs on much of continental Europe announced by President Donald […]

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Canada's Trudeau to be in isolation after wife tests positive for coronavirus Best ECN trader in India Best Forex trader in India Best MT5 Broker in India Commodity Trader Stock Broker

Canada’s Trudeau to be in isolation after wife tests positive for coronavirus

By  Administrator_India, Capital Sands Canadian Prime Minister Justin Trudeau will be in isolation for two weeks after his wife, Sophie, tested positive for coronavirus on Thursday, and the outbreak prompted the province of Ontario to shutter schools to limit the spread. Sophie Gregoire Trudeau recently returned from London and experienced flu-like symptoms, so she was […]

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Sensex records biggest intraday fall, drops 3,304 points Best ECN trader in India Best Forex trader in India Best MT5 Broker in India Commodity Trader Stock Broker

Sensex records biggest intraday fall, drops 3,304 points

  • March 12, 2020
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By Ritu, Capital Sands There seems to be no end to the mayhem the coronavirus has brought to Indian markets, with the benchmark BSE Sensex posting its biggest single-day decline on March 12, hours after the WHO declared the viral outbreak a pandemic. The 30-share Sensex crashed 3,304.3 points intraday with all stocks in the red. […]

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Britain fires with both barrels: emergency rate cut and budget boost

By Administrator_India Capital Sands The Bank of England slashed interest rates by half a percentage point on Wednesday and announced support for bank lending just hours before the unveiling of a budget splurge designed to stave off a recession triggered by the coronavirus outbreak. In what amounts to a choreographed double-barrelled stimulus programme, the BoE […]

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Washington considers actions to bolster U.S. economy as coronavirus cases mount

By Administrator_India Capital Sands As U.S. coronavirus cases rose steadily, the White House and Congress negotiated measures on Tuesday to bolster the U.S. economy and Americans’ paychecks against the outbreak’s impact, although there was no immediate sign of a deal. The rise in the number of U.S. cases of COVID-19, a highly contagious and sometimes […]

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