By Administrator_India Capital Sands China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy, after it contracted for the first time in decades. The one-year loan prime rate was lowered by 20 basis points to 3.85% from 4.05% previously, while the five-year LPR […]
By Administrator_India Capital Sands China’s gross domestic product plunged 6.8% in the first quarter, its first drop since data was gathered in 1992. Germany readies a coronavirus tracing app. Gilead Sciences’ shares soared after hours as the American biotechnology company reported positive clinical trial results for its drug to treat the virus, while Boeing announced it […]
By Administrator_India Capital Sands India’s finance minister said on Thursday the country could not support a general allocation of new Special Drawing Rights by the International Monetary Fund because it might not be effective in easing coronavirus-driven financial pressures. Finance Minister Nirmala Sitharaman said in a statement to the IMF’s steering committee that she also […]
By Administrator_India Capital Sands As countries scramble for face masks to protect their healthcare workers from the coronavirus, German and U.S. manufacturers in Europe are seeing an opportunity more permanently to take on big Asian rivals and bring mask production closer to home. Both the heavy duty N95 respirator masks, also known as FFP2, and […]
By Administrator_India Capital Sands Oil rose on Thursday, with U.S. crude rebounding from near-20-year lows in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand. Brent crude was up 69 cents, or 2.5%, at $28.38 […]
By Administrator_India Capital Sands India is likely to receive average monsoon rains this year, the state-run weather office said on Wednesday, raising expectations of higher farm output in Asia’s third-biggest economy, which is reeling from the coronavirus spread. Monsoon rains are expected to be 100% of a long-term average, M. Rajeevan, secretary at the Ministry […]
By Administrator_India Capital Sands The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s, the International Monetary Fund said on Tuesday. The IMF, in its 2020 World Economic Outlook, predicted a partial rebound in […]
By Administrator_India Capital Sands Saudi Arabia might have just signed off on one of the most notable oil output deals in history, but challenges lie ahead as the kingdom faces keen competition from rival suppliers to the prized Asian market. That perhaps explains why the de-facto leader of OPEC slashed its official selling prices to […]
Arun Kumar Saini born & brought in Village Kushak Hiranki (Delhi) Capital of India. Arun Kumar Saini started taking a keen interest in business when he was 16. He had seen his father, C.S. Saini, working harder in his life & inspiration. After completing Class 10 in 1997, he decided to take a break from […]
By Administrator_India Capital Sands The death toll from COVID-19 in British hospitals rose to 11,329 on Monday and the government, which is having to operate without its convalescing leader Boris Johnson, signaled that there would be no easing of lockdown measures this week. The British death toll is the fifth-highest globally and a senior scientific […]
