Category «Market»

State Bank of India looks to raise Rs 8,931 crore via tier-II bonds

By Administrator_India Capital Sands State Bank of India priced the country’s biggest offering of local-currency tier-II bonds yet as the lender boosts its capital buffers amid the worsening financial health of domestic companies. India’s largest bank looks to raise Rs 8,931 crore ($1.19 billion) through 15-year bonds that comply with Basel III capital norms, according …

Euro zone industry output dips in February on eve of virus measures

Euro zone industry output dips in February on eve of virus measures

By Administrator_India Capital Sands Euro zone industrial production dipped slightly in February, the month before coronavirus restrictions were widely introduced in Europe, due to reverses in capital and consumer durable goods after a sharp overall rise in January. Output fell by 0.1% month-on-month in the 19 countries sharing the euro following a 2.3% increase in …

Stocks slide as dire economic outlook weighs

Asian shares fall on coronavirus drug, economic damage concerns

By Administrator_India Capital Sands World stock markets fell on Thursday, while bonds and the dollar held on to hefty gains, after a coronavirus-driven plunge in U.S. retail sales and factory production and increasing gloomy economic outlooks for Asia. U.S. retail sales fell the most on record last month, while manufacturing output fell by the most …

Asia shares consolidate, China cuts another interest rate

Asia shares consolidate, China cuts another interest rate

By  Administrator_India Capital Sands Asian share markets took a breather on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage already done even as some countries tried to re-open for business. China moved again to cushion its economy, cutting a key medium-term interest rate to record lows and paving …