COVID19 Economy

IMF urges ‘equity-like’ government support for virus-hit firms

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. […]

Forex Political News

Australian PM suspends extradition treaty, extends visas for Hong Kong citizens

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 […]

Brazil's Bolsonaro catches coronavirus, shrugs off health risks International

Brazil’s Bolsonaro catches coronavirus, shrugs off health risks

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 […]

COVID19 Economy

Asia shares jump as China blue chips scale five-year peak

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 […]

Dollar Up, But Near Three-Year Lows, Fed Continues Dovish Tone COVID19 Forex Analysis

Dollar steadies as U.S. coronavirus cases rise before long holiday

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 […]

COVID19 Economy

Fed revisits idea of pledging to keep interest rates low

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, […]

China's factory activity expands, but job losses quicken amid weak exports Economy

China’s factory activity expands, but job losses quicken amid weak exports

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 […]