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 […]
कोरोना वायरस के खतरे को देखते हुए ज्यादातर लोग घर से काम कर रहे हैं. लेकिन, कई ऐसे भी लोग हैं, जिनकी कमाई फिलहाल बंद हो गई है | बिजनेसमैन से लेकर नौकरीपेशा तक परेशान है. ऐसे लोगों के लिए वर्क फ्रॉम होम काफी फायदेमंद है. ‘वर्क फ्रॉम होम’ यानी घर से काम, ये वो […]
By Admninstrator_India Capital Sands Indian stocks plunged over 9% on Monday, as the rapidly spreading coronavirus pandemic sent major states including the country’s capital into lockdown amid increasing fears that outbreak could bring world economies to a grinding halt. The Nifty slipped 9.17% to 7,937.75, while the Sensex was 9.42% lower at 27,093.24. Over the […]
By Administrator_India Capital Sands Asian shares staged a rare rally on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though the panicked rush into U.S. dollars suggested the crisis was far from done. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 3.2%, after seven sessions […]
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By Ritu, Capital Sands The RBI has reportedly given Yes Bank credit support of Rs 60,000 crore as the troubled private lender resumed full operation on March 18. The line of credit was provided to ensure that Yes Bank is able to “meet its obligations to depositors,” sources told the Business Standard. This is in line with RBI […]
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By Administrator_India, Capital Sands Beijing was hit by a record number of imported cases of the coronavirus as new local transmissions in China fell to zero, putting more pressure on the Chinese capital to screen out infected passengers and isolate suspected cases. It was the first time since the virus took hold late last year […]
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By Ritu, Capital Sands U.S. stocks are set to open with hefty losses Wednesday, giving back Tuesday’s gains, with investors fearful that the proposed virus stimulus package will not be sufficient to assuage severe economic damage from a protracted economic slowdown. At 7:05 AM ET (1105 GMT), futures for the S&P 500 traded 92 points, or 3.7%, […]
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By Administrator_India, Capital Sands The coronavirus pandemic has sparked concerns about a fresh surge in bad loans at India’s lenders, and the industry body representing the banks plans to appeal to regulators to provide some reprieve in bad-debt classification, two sources told Reuters on Tuesday. “Discussions are on at this stage and we will make […]
