By Administrator_India, Capital Sands All assets owned by late industrialist KK Modi, including cigarette-maker Godfrey Phillips, are up for sale, his son Lalit Modi confirmed on January 27. Godfrey Phillips India, which manufactures Marlboro cigarettes in India, currently has two major stakeholders – Phillip Morris (which owns 25.1 percent) and the KK Modi Group . Krishan […]
By Administrator_India Capital Sands The European Union will “never, never, never” compromise on the integrity of its single market, its chief Brexit negotiator warned Britain on Monday, saying London must now face reality after underestimating the costs of leaving. Some British politicians have suggested Brussels might be flexible on its rules in order to protect […]
By Administrator_India, Capital Sands German business morale deteriorated unexpectedly in January as the outlook darkened, a survey showed on Monday, suggesting that Europe’s largest economy got off to a slow start in 2020 after narrowly avoiding a recession last year. The Ifo institute said its business climate index fell to 95.9 from 96.3 in December. […]
By Administrator_India Capital Sands Oil prices slumped a further 2% to multi-month lows on Monday as the rising number of cases of the new China virus and city lockdowns deepened concerns about demand for crude, even as Saudi Arabia’s energy minister sought to calm the market. Brent crude fell by $1.12 a barrel, or 1.9%, […]
By Administrator_India, Capital Sands Deutsche Bank on Friday appointed former German government minister Sigmar Gabriel, regarded as a proponent of strong European and transatlantic ties, to its supervisory board. Deutsche Bank is trying to repair its relations with Berlin after the damaging impact of the global financial crisis that called into question the bank’s health, […]
By Administrator_India Capital Sands The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labor market continues to tighten even as job growth is slowing. Labor market strength is underpinning consumer spending, helping to keep the longest economic expansion on record, now in its 11th year, on track, despite […]
By Administrator_India, Capital Sands Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$247.2 billion ($31.8 billion) in 2019, the second highest on record, the Hong Kong Monetary Authority (HKMA) said on Thursday. In 2018, the exchange fund recorded adjusted investment income of HK$10.9 billion. Easing trade […]
By Administrator_India Capital Sands A sharp deceleration in economic growth and surge in inflation have begun to weigh on the rupee exchange rate. The Indian rupee has become one of the worst performers among its Asian peers in the past one year, with the exception of the South Korean won and the Pakistani rupee. The […]
By Administrator_India, Capital Sands Britain’s government borrowed less than expected in December but there were signs the economy’s weakness was hurting corporate tax receipts, while a pay rise for health workers pushed up spending. Borrowing excluding public sector-owned banks in December alone fell slightly compared with a year earlier to 4.765 billion pounds, the Office […]
By Administrator_India Capital Sands The Department of Telecommunications (DoT) will begin issuing notices to telecom companies after the January 24 deadline for payment of AGR (adjusted gross revenue) dues, set by the Supreme Court, lapses, a senior official said. This comes even as the apex court on Tuesday agreed to list the “modification petition” filed by Bharti Airtel, Vodafone […]
