Monthly archives: October, 2020

Oil prices drop for fourth day as COVID-19 second wave worries intensify

Brent Oil, Commodity, Crude oil, OIL,

By Administrator_India Capital Sands “Since April we have seen a miraculous recovery in oil demand – which is now at about 92% of pre-pandemic levels, but it’s too early to declare an end to the COVID-19 oil demand destruction era,” said Rystad Energy oil markets analyst Louise Dickson. A meeting on Monday of a ministerial …

US Election 2020: Donald Trump, Joe Biden go at it — from a distance — in town halls

US Election 2020: Donald Trump, Joe Biden go at it — from a distance — in town halls

By Administrator_India Capital Sands President Donald Trump was evasive on October 16 night when pressed if he took a COVID-19 test before his first debate with Democrat Joe Biden as the two men squared off again, in a way, after their scuttled second showdown was replaced by dueling televised town halls several channels apart. Biden, …

Infosys outshines rivals with Q2 performance; net profit jumps 20.5%

Infosys outshines rivals with Q2 performance; net profit jumps 20.5%

By Administrator_India Capital Sands Continuing with its industry-leading performance, Infosys — India’s second largest information technology services company — on Wednesday delivered a healthy set of numbers in the second quarter (Q2) of 2020-21 (FY21). This exceeded Street expectation and was better than industry peers Tata Consultancy Services (TCS) and Wipro. The company showed strong improvement across all financial …

Pound Falls on Lockdown, Brexit Fears

By Administrator_ India Capital Sands The pound fell sharply Tuesday as concerns about a no-deal Brexit and fears over a looming lockdown hurt sentiment. GBP/USD fell 0.95% to $1.2940. The possibility of the UK leaving the EU without a trade deal is a “credible hypothesis,” French foreign minister Jean-Yves Le Drian reportedly said Tuesday, according to …

US Election 2020: Joe Biden makes big push in Ohio, once seen as long shot for him

US Election 2020: Donald Trump, Joe Biden go at it — from a distance — in town halls

By Administrator_India Capital Sands Joe Biden made two campaign stops in Ohio on October 12, attempting to expand the battleground map and keep President Donald Trump on the defensive in a state long thought to be out of reach for Democrats after Trump’s wide margin of victory there four years ago. The Democratic presidential nominee …

UK PM to detail new restrictions on Oct 12 to curb Covid-19 spread

UK PM to detail new restrictions on Oct 12 to curb Covid-19 spread

By Administrator_India Capital Sands UK Prime Minister Boris Johnson will make a statement to MPs on October 12 detailing new restrictions to slow the spread of the novel coronavirus in England. A letter from Edward Lister, Johnson’s chief strategic adviser to MPs in the North West of England and seen by the BBC states that “it is very likely that …

Double-digit rise in exports helps India nearly halve trade gap with China

Double-digit rise in exports helps India nearly halve trade gap with China

By Administrator_India Capital Sands India’s robust double-digit exports growth to China, coupled with sharp contraction in imports, nearly halved the trade gap between the two trading partners in the first five months of the current fiscal year (2020-21, or FY21) over the same period of 2019-20 (FY20). The restriction on imports from China, along with …

India declines proposal to test Russia’s COVID-19 vaccine Sputnik-V in large study

India declines proposal to test Russia's COVID-19 vaccine Sputnik-V in large study

By Administrator_India Capital Sands India’s drug regulator has knocked back a proposal from Dr Reddy’s Laboratories Ltd to conduct a large study in the country to evaluate Russia’s Sputnik-V COVID-19 vaccine and has asked it to first test the vaccine in a smaller trial. The recommendations by an expert panel of the Central Drugs Standard …

Gold Down Over Trump Cancellation of Stimulus Talks

Gold Down Over Trump Cancellation of Stimulus Talks

By Administrator_India Capital Sands Gold was X on Wednesday morning in Asia, hit by U.S. President Donald Trump’s shock cancellation of talks over the latest stimulus measures and a strengthening dollar. Gold futures slid 1.17% at $1,886.45 by 11:44 PM ET (3:44 AM GMT), after hovering near a one-week low hit during the previous session. The …

Oil Pipeline Operators Offer New Discounts as Demand Craters

Oil Pipeline Operators Offer New Discounts as Demand Craters

By Administrator_ India Capital Sands U.S. oil pipeline operators are slashing fees to encourage customers in Texas to keep using their networks to ship barrels to the Gulf Coast as the pandemic wreaks havoc on profits. Kinder Morgan Inc (NYSE:KMI). is offering discounts of about 50% on the Eagle Ford pipeline for some existing customers, according …