By Administrator_India Capital Sands Japanese Prime Minister Shinzo Abe will declare a state of emergency as early as Tuesday in a bid to stop the coronavirus spreading across the country, the Yomiuri newspaper reported, as the cumulative number of infections topped 1,000 in Tokyo alone. Abe will likely announce his plans to declare the emergency […]
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 […]
By Ritu, Capital Sands Bharti Infratel on Monday extended the deadline for its merger with Indus Towers by two more months to April 24, but cautioned that final call on scheme implementation will be taken by the board based on assessment of telecom crisis and its impact. “The final decision to implement the scheme will be […]
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 Ritu, Capital Sands Michael Debabrata Patra, 59, has been appointed the Reserve Bank of India (RBI) deputy governor for three years. The post fell vacant after Viral Acharya resigned on July 23 last year. Patra, as executive director of the central bank, was the principal advisor to the Monetary Policy Department since July 2012. […]
By Ritu, Capital Sands Asian stocks rose in morning trade on Tuesday after the U.S. dropped China’s currency manipulator label, saying that it has made “enforceable commitments” not to devalue the yuan. China’s Shanghai Composite inched up 0.1%, while the Shenzhen Component gained 0.3%. “China has made enforceable commitments to refrain from competitive devaluation, while promoting transparency and accountability. […]
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By Ritu, Capital Sands The U.S. dollar slipped on Thursday in Asia after the Federal Reserve kept interest rates on hold, suggesting that the current path of monetary policy was “appropriate” to support economic growth and would likely remain in place through next year. The U.S. dollar index that tracks the greenback against a basket […]
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By Ritu, Capital Sands No expectation for a change in the fed funds target rate. US economy has strengthened since the October FOMC. Market interest will be on the Fed’s rate and GDP estimates for 2020 and 2021. The Federal Reserve will finish its scheduled two day meeting of the Federal Reserve Open Market Committee […]
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By Ritu, Capital Sands The dollar and yen held the safe-haven high ground on Tuesday, with investors on edge ahead of a looming tariff deadline, the UK election and upcoming central bank meetings in Europe and the United States. Front of mind is whether Washington will go ahead with a fresh round of tariffs on […]
