Monthly archives: December, 2020

Dollar Down, With ‘Twin Deficits’ Likely to Extend Dollar Weakness Into 2021

Dollar stuck near two-week lows amid lower U.S. yields

By Administrator_India Capital Sands The dollar was down on Thursday morning in Asia. It ended 2020 on a down note over bets that a global economic recovery in 2021 will pull money into riskier assets, even as the growing U.S. ‘twin deficits’ of a huge budget increase and trade deficits argue for an ever-cheaper greenback. …

India behind only China in cornering EM inflows in CY20, shows data

India behind only China in cornering EM inflows in CY20, shows data

By Administrator_India Capital Sands India has cornered the biggest chunk of overseas investor flows into the emerging markets, after China, in CY20. FPI flows in India for the year stood at $22.6 billion, 58 per cent higher than that in 2019, with energy and financials absorbing the biggest share of flows. The flows were largely driven by easy …

US House approves Donald Trump’s $2,000 checks, sending to GOP-led Senate

US House approves Donald Trump's $2,000 checks, sending to GOP-led Senate

By Administrator_India Capital Sands The House has voted to increase COVID-19 relief checks to USD 2,000, meeting President Donald Trump’s demand for bigger payments and sending the bill to the GOP-controlled Senate, where the outcome is uncertain. Democrats led passage, 275-134, their majority favouring additional assistance. They had settled for smaller USD 600 payments in …

France reopens UK border for travellers who are Covid-free

France reopens UK border for travellers who are Covid-free

By Administrator_India Capital Sands Freight from Britain and passengers with a negative virus test began arriving on French shores Wednesday, after France relaxed a two-day blockade over a new virus variant that had isolated Britain, stranded thousands of drivers and raised fears of shortages. Associated Press reporters witnessed a ferry pulling into the French port …

New coronavirus variant found in UK is not out of control yet: WHO

US tops 21 million COVID-19 cases with record hospitalizations as states ramp up vaccinations

By Administrator_India Capital Sands The new coronavirus variant found in UK is not out of control yet, said the World Health Organization. “We have had a much higher (contamination rate) at different points in this pandemic and we’ve got it under control,” WHO’s emergencies chief Michael Ryan told a press conference. “So this situation is not in …

UK could agree on ‘mini deals’ with European Union if trade talks fail

UK could agree on 'mini deals' with European Union if trade talks fail

By Administrator_India Capital Sands UK Cabinet Office Minister Michael Gove said that Britain and the European Union could engage in a series of “mini unilateral” deals if no trade agreement is reached by the end of the month. Gove said that Britain and the bloc’s 27 member states could form a new “special relationship” after …

Bitcoin tops $23,000; may climb to about $400,000

Bitcoin scales $51,000 for the first time as crypto fever continues

By Administrator_India Capital Sands Bitcoin breached $23,000 for the first time in history as more Wall Street names crowd into the the world’s largest digital currency up 220 per cent this year. As momentum builds, analysts predict more gains ahead. The digital coin jumped more than 9 per cent on Thursday, touching a high of $23,256.92, according to …

Sensex, Nifty capture new heights on positive global cues; HDFC, ONGC gain

Stocks to watch: BPCL, Shipping Corp, Hero Moto, Tata Motors, IDBI Bank

By Administrator_India Capital Sands Equity benchmarks Sensex and Nifty raced to new peaks on Wednesday as participants took note of continuously improving macroeconomic indicators and positive trends in global markets. The BSE Sensex settled 403.29 points or 0.87 per cent higher at 46,666.46, while the NSE Nifty climbed 114.85 points or 0.85 per cent to …