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 […]
By Ritu, Capital Sands The Philippine Stock Exchange closed indefinitely on Tuesday while currency and bond trading were suspended, the first shutdown of markets worldwide in response to the coronavirus, with authorities citing risks to the safety of traders. The move comes after some bourses around the world closed trading floors or paused trade after […]
By Administrator_India Capital Sands India plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic petroleum reserves, two sources familiar with the matter said on Monday. Global oil prices have fallen around 40% in March as the impact of the coronavirus pandemic has […]
By Ritu Capital Sands U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus. Brent crude was down $2.89, or 8.5%, to $30.96 a barrel by […]
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By Administrator_India Capital Sands The US Federal Reserve has cut its key interest rate to virtually zero and launched a massive $700 billion quantitative easing programme. Citing “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” it announced drastic emergency measures to shore up confidence and keep the […]
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By Ritu, Capital Sands The fallout from the coronavirus spread across the Pacific on Friday, with Australian travel firms issuing profit warnings and Japanese carriers cutting capacity, while U.S. airlines rushed to cut flights to Europe in the wake of new travel restrictions. U.S. travel curbs on much of continental Europe announced by President Donald […]
