Category «Political News»

This time the UN session will be virtual, PM Modi’s address on September 26

This time the UN session will be virtual, PM Modi's address on September 26

By Administrator_India Capital Sands The catastrophe of the corona virus has completely changed the way the world works. This is the reason that this time the session of the United Nations General Assembly is also going to be held in a virtual way. That is, this time a gathering of veteran leaders from all over the world …

Sensex up 1,861.75 points, Nifty settles at 8317.85

Sensex, Nifty edge higher even as coronavirus cases surge

By Administrator_India Capital Sands Equity benchmark indices on Wednesday (March 25) closed in the green amid expectations of fiscal measures being announced by the government. The Sensex was up 1,861.75 points or 6.98% at 28535.78, while the broader Nifty ended up 516.80 points or 6.62% at 8317.85. Major gainers on the Nifty were Reliance Industries, …

Asia stocks rally, Fed launches limitless QE against economic reality

Asia stocks rally, Fed launches limitless QE against economic reality

By Administrator_India Capital Sands Asian stocks rallied on Tuesday as the U.S. Federal Reserve’s sweeping pledge to spend whatever it took to stabilise the financial system eased debt market pressures, even if it could not offset the immediate economic hit of the coronavirus. While Wall Street seemed unimpressed, investors in Asia were encouraged enough to …

Coronavirus deaths in Italy overtake China as economic damage mounts

Coronavirus deaths in Italy overtake China as economic damage mounts

By  Administrator_India, Capital Sands The world’s richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new epicentre Europe, with the number of deaths in Italy outstripping those in mainland China, where the virus originated. With over 242,000 infections and nearly 10,000 deaths, the epidemic has stunned the …

Trump presses for $1 trillion stimulus as U.S. coronavirus deaths cross 100

Trump presses for $1 trillion stimulus as U.S. coronavirus deaths cross 100

By  Administrator_India, Capital Sands The Trump administration pressed on Tuesday for enactment of a $1 trillion stimulus package, possibly to include $1,000 direct payments to individual Americans, to blunt the economic pain from a coronavirus outbreak that has killed over 100 people in the country. With cases of the respiratory illness reported in all 50 …

Asian stocks fall after historic Wall Street rout

Asia stocks rally, Fed launches limitless QE against economic reality

By  Administrator_India, Capital Sands Most Asian shares fell on Tuesday a day after Wall Street’s historic market rout, with fleeting initial gains evaporating as the coronavirus remained a major risk to economic growth. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gave up early gains to trade 0.43% lower. Japan’s Nikkei stock index .N225 slid 2.79% …

U.S. death toll hits 65 from coronavirus, Fed cuts rate

U.S. death toll hits 65 from coronavirus, Fed cuts rate

By  Administrator_India, Capital Sands With panic buying on Main Street and fear-driven sell-offs on Wall Street, the U.S. Federal Reserve cut interest rates to near zero on Sunday in another emergency move to help shore up the U.S. economy amid the rapidly escalating coronavirus pandemic. New York City Bill de Blasio on Sunday said he …

Dollar wins out as pandemic drives rush for liquid assets

Dollar wins out as pandemic drives rush for liquid assets

By  Administrator_India, Capital Sands The dollar stood tall on Friday as investors scrambled for the world’s most liquid currency amid deepening panic about the coronavirus while the euro nursed losses after the European Central Bank disappointed by not cutting rates. The greenback held gains against most currencies after a blowout in swap spreads showed investors …

India cancels all tourist visas, closes Myanmar border as regional coronavirus cases rise

India cancels all tourist visas, closes Myanmar border as regional coronavirus cases rise

By  Administrator_India, Capital Sands India said on Wednesday it will suspend all tourist visas to the country in a wide-reaching attempt to prevent the spread of coronavirus, as cases across the region continued to rise. The virus has hit Europe and the United States far harder than China’s most immediate neighbours in South Asia, where …

Fed cuts rates to blunt coronavirus impact, markets drop

Fed cuts rates to blunt coronavirus impact, markets drop

By  Administrator_India, Capital Sands The U.S. Federal Reserve cut interest rates on Tuesday in a bid to shield the world’s largest economy from the impact of the coronavirus, but the emergency move failed to comfort U.S. financial markets roiled by worries about a deeper, lasting slowdown. Fed Chair Jerome Powell reiterated his view that the …