By Ritu, Capital Sands Metropolitan Tokyo asked some businesses to close and the ancient capital of Kyoto warned tourists to stay away as Japan battles a fast-spreading outbreak of the new coronavirus, amid fears the government’s measures are too little and too late. Tokyo Governor Yuriko Koike said she was targetting a range of businesses […]

By Ritu, Capital Sands India’s retail inflation is expected to have dropped to a four-month low in March on softer food and fuel prices and as already slowing demand likely plummeted due to a nationwide lockdown towards the end of the month. Price pressures will probably ease further this month as economic activity ground to […]

By Administrator_India Capital Sands Asian stocks stepped back on Wednesday after two sessions of sharp gains as investors turned wary on getting too optimistic about the coronavirus while death tolls were still mounting across the globe. Not helping sentiment was wild volatility in the oil market, where prices rebounded in early Asia after sliding on […]

By Administrator_India Capital Sands Asian stock markets continued their gains on Tuesday as falling COVID-19 numbers improved investor sentiment. The United States, Italy and Spain reported declining case figures over the weekend. The ASX 200 slipped 0.5%, flattening its earlier gains by 10:23 PM ET (3:23 AM GMT). The Reserve Bank of Australia is set to announce its interest rate decision later in the day. Analysts are […]

By Ritu, Capital Sands India’s dominant services sector, the lifeblood for economic growth and jobs, contracted in March as new business and export demand fell sharply as the coronavirus pandemic wreaked havoc globally, a private survey showed. Prime Minister Narendra Modi ordered India’s 1.3 billion people to stay home and shut shops and business selling […]

By Ritu, Capital Sands The United States economy will shrink 5.5% in 2020, the steepest drop since 1946, with a huge 38% contraction predicted for the second quarter, Morgan Stanley said on Friday in a new batch of forecasts on the economic damage from the coronavirus outbreak. The U.S. bank said it had cut its […]