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 […]
By Administrator_India Capital Sands Brazilian President Jair Bolsonaro said on Tuesday he tested positive for the novel coronavirus after months minimizing the severity of the pandemic and defying medical experts, even as the virus has killed more than 66,000 people in his country. The right-wing populist gave the news to reporters at his official residence […]
By Administrator_India Capital Sands Oil prices fell on Tuesday, erasing earlier gains, on concerns that the surge in coronavirus cases in the United States, the world’s biggest oil user, will limit a recovery in fuel demand. U.S. West Texas Intermediate crude futures fell 17 cents, or 0.4%, to $40.46 a barrel at 0340 GMT, after earlier […]
By Administrator_India Capital Sands Asian shares scaled four-month peaks on Monday as investors counted on a revival in Chinese activity to sustain global economic growth, even as surging coronavirus cases delayed re-openings across the United States. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 1.5% to its highest since February. Eyes were on Chinese […]
By Administrator_India Capital Sands The dollar was hemmed into a narrow range on Friday, supported by safe-haven flows as a resurgence of the coronavirus in the United States discouraged some investors from taking on excessive risk. The yuan held steady after data showing a strong rebound in China’s services sector, as investors avoided big positions […]
By Administrator_India Capital Sands Federal Reserve policymakers are looking at reviving a Great Recession-era promise to keep interest rates low until certain conditions are met, in a bid to deliver a more rapid recovery from the recession triggered by the coronavirus pandemic. The policymakers “generally indicated support” for tying rate-setting policy to specific economic outcomes, […]
By Administrator_India Capital Sands China’s factory activity grew at a faster clip in June after the government lifted coronavirus lockdown measures and ramped up support steps, but the health crisis continues to pressure exports and jobs, a private business survey showed on Wednesday. The Caixin/Markit Manufacturing Purchasing Managers’ Index rose to 51.2 last month, the […]
