By Administrator_India Capital Sands The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year end, but sentiment remained fragile as the global coronavirus crisis showed no signs of abating. China’s yuan held steady in offshore trade but could be buffeted […]
By Administrator_India Capital Sands Demand for vegetable oil in India is poised to fall for the first time in decades as restaurants have pulled down their shutters to comply with a government order that imposed a 21-day nationwide lockdown to stem the spread of the coronavirus. Edible oil consumption in India, the world’s biggest importer […]
By Administrator_India Capital Sands Asian shares slid on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies despite central banks’ best efforts. “We continue to mark down 1H20 global GDP forecasts as our assessment of both the global […]
By Administrator_India Capital Sands The Reserve Bank of India (RBI) slashed interest rates in an emergency move on Friday to counter the economic fallout from the coronavirus pandemic after the government locked down the country in order to slow the spread of infections across the region. Prime Minister Narendra Modi has asked India’s 1.3 billion […]
By Administrator_India Capital Sands China reported a sharp drop in industrial profits year-on-year for last month, while the United States digests a whopping 3.28 million jobless claims submitted last week. The U.S. House of Representatives is set to pass a $2.2 trillion stimulus package today. Hong Kong’s leaders rethink social distancing measures as the number […]
By Administrator_India Capital Sands The U.S. ambassador to London has said China had endangered the world by suppressing information about the coronavirus outbreak thus allowing it to spread far beyond the Communist republic’s borders. “First it tried to suppress the news,” Ambassador Woody Johnson wrote in an article for The Times newspaper published on Thursday, […]
By Admnistrator_India Capital Sands As the coronavirus pandemic pushes India into lockdown, the call centers and IT services firms that function as the world’s back office are struggling to piece together work-from-home solutions and other business-continuity plans. Prime Minister Narendra Modi on Tuesday ordered 1.3 billion Indians to stay at home for 21 days to […]
By Administrator_India Capital Sands Australia’s central bank stepped into the semi-government bond market for the first time since launching its quantitative easing program to combat the coronavirus pandemic as state revenues deteriorate sharply. The Reserve Bank of Australia on Wednesday bought A$2 billion in semi-government bonds – issued by state and territories – with maturities […]
By Administrator_India Capital Sands Australian officials warned that an accelerating number of coronavirus infections could start overwhelming the country’s intensive care units, as stricter social distancing measures came into force on Wednesday. Prime Minister Scott Morrison announced new curbs late on Tuesday that will close more non-essential businesses, pushing the country closer to the stricter […]
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By Administrator_India, Capital Sands India’s government will soon announce a fiscal package to help the economy face the impact of the coronavirus, Finance Minister Nirmala Sitharaman said in a video conference with reporters on Tuesday. Sitharaman relaxed a number of tax compliance rules for individuals and firms and also raised the threshold of triggering insolvency […]
