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By Administrator_India Capital Sands Global shares fell on Monday as investors braced for more signs of economic damage from the coronavirus pandemic although a landmark deal by OPEC and its allies to slash output helped oil prices climbed in volatile trade. The Nikkei fell 1.4% while MSCI’s broadest index of Asia-Pacific shares outside Japan slipped …
By Ritu, Capital Sands India accounts for more than half the tally of those infected with coronavirus across south Asia, which crossed 12,000 on Friday, government data showed, despite a harsh weeks-long clampdown to control the outbreak. India’s capital of Delhi, and its financial hub of Mumbai, have emerged as hotspots and local officials are …
By Administrator_India Capital Sands The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world’s escalating coronavirus recession on Thursday as they pushed deeper into territory once considered fraught with risk for central bankers. The Fed, in its boldest move to date to soften the historic shutdown of much …
By Ritu, Capital Sands A decision by the Supreme Court of India to make testing for coronavirus free places an unfair financial burden on medical firms and could see a reduction in testing, already among the world’s lowest, said business leaders and health experts. The concern is that private medical firms, like many businesses in …
By Administrator_India Capital Sands President Donald Trump on Wednesday thanked India for its decision to increase exports of the anti-malaria drug hydroxychloroquine, an unproven treatment that Trump has promoted in the fight against the novel coronavirus. India said on Tuesday it will allow some exports of hydroxychloroquine after Trump urged New Delhi to release supplies …
By Administrator_India Capital Sands India has told Facebook and Chinese video app TikTok to remove users found to be spreading misinformation about the coronavirus following concern about videos intended to mislead Muslims, according to a government source. The move follows a report by Delhi-based digital analytics firm Voyager Infosec which identified a pattern of targeted …
By Administrator_India Capital Sands Major oil producers including Saudi Arabia and Russia are likely to agree to cut production at a Thursday meeting but only if the United States joins the effort, aimed at coping with the disastrous effect of the coronavirus on fuel demand, three OPEC+ sources told. Worldwide oil demand has dropped by …
By Ritu, Capital Sands Investor morale in the euro zone fell to an all-time low in April and the bloc’s economy is in deep recession due to the coronavirus, which is “holding the world economy in a stranglehold”, a survey showed on Monday. Sentix’s index for the euro zone fell to -42.9 from -17.1 in …
By Administrator_India Capital Sands The Indian rupee will probably cut some of its losses against the dollar in the next year, according to strategists polled by Reuters, but it’s likely to stay weak with other emerging-market currencies until the coronavirus pandemic subsides. The rupee’s path will largely depend on how successful the Indian government’s steps …
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