By Administrator_India Capital Sands Falling oil prices on Monday showed that oil producers still have a mountain to climb despite record output cuts in an effort to restore market balance as the coronavirus pandemic shreds demand and sends stockpiles soaring, industry watchers said. A day after the Organization of the Petroleum Exporting Countries and allies […]
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By Administrator_India Capital Sands Americans spent a glum Easter Sunday largely confined to their homes by the still-raging coronavirus pandemic as the U.S. death toll neared 22,000, with more than half a million confirmed cases nationwide. With 42 states imposing strict stay-at-home orders most churches were shuttered, although many erected crosses outside or even offered […]
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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 […]
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By Administrator_India Capital Sands OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis. But the group, known as OPEC+, said a […]
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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 […]
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By Administrator_India Capital Sands The U.S. economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work, but Federal Reserve policymakers are also warning of a slugging recovery once the pandemic subsides. “Because of the shock of this… will consumer behavior just be […]
By Ritu, Capital Sands The Eurogroup failed to agree a plan to fund the euro zone‘s response to the pandemic, as Germany and others continued to resist calls from Spain, Italy and France for common debt issuance, or ‘coronabonds’. The meeting has been suspended and will resume on Thursday, according to eurogroup head Mario Centeno. Bond yield […]
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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 […]
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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 […]
