By Administrator_India Capital Sands Ministers from a trans-Pacific trade bloc have agreed to fight protectionism and avoid food and medicine shortages during the coronavirus pandemic, they said in a joint statement published on Wednesday. “We strongly believe that given the current circumstances, it is more important than ever to […]
Forex Analysis
Asian stocks falter as global growth fears temper tech boost
By Administrator_India Capital Sands Asian shares wobbled in a choppy session on Friday as abysmal economic data from the United States and rising global COVID-19 cases weighed on sentiment, despite strong U.S. tech earnings and signs of manufacturing recovery in China and Japan. The U.S. dollar was also set […]
Dollar licks wounds as investors fret over U.S. stimulus
By Administrator_India Capital Sands The dollar nursed losses against most currencies, undermined by concern that Republicans and Democrats are struggling to reach consensus on the next round of U.S. economic stimulus measures. The euro traded near its strongest level in more than a year on Wednesday after European leaders […]
U.K. May Tighten Takeover Laws to Curb Foreign Influence
By Administrator_India Capital Sands The U.K. government is preparing to introduce legislation that would force British companies to report attempted takeovers that could give rise to security risks, The reporter said. Company directors that fail to observe the rules could face fines, disqualification, or jail, the newspaper said, without […]
Dollar stands its ground as U.S.-China tensions grow
By Administrator_India Capital Sands The dollar held its own on Thursday as rising Sino-U.S. tension put crushing pressure on the Chinese yuan and proved a counterweight to optimism about the coronavirus recovery. The escalating war of words between the world’s two biggest economies also spilled over to the Australian and New Zealand […]
Dollar Consolidates, Still in Demand
By Administrator_India Capital Sands The U.S. dollar has seen some selling in early European trade Monday, but from lofty heights as tensions between China and the U.S. continue to simmer and Japan enters recession. At 2:40 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the greenback against a basket […]
Dollar Up in The Aftermath of Bad Economic News
By Administrator_India Capital Sands The dollar was up on Thursday morning in Asia with investor risk appetite soured by an onslaught of bad economic news. The US Dollar Index that tracks the greenback against a basket of other currencies gained 0.05% to 100.185, as investors looked to the dollar as a safe haven. The U.S. […]
PM Johnson says medics saved his life as UK deaths pass 10,000 mark
By Administrator_India Capital Sands British Prime Minister Boris Johnson left the hospital on Sunday and thanked the staff for saving his life from COVID-19, but his government was forced to defend its response to the coronavirus outbreak as the national death toll passed 10,000. The somber milestone came after Britain […]
Asian stocks gain on hopes pandemic is approaching peak
By Administrator_India Capital Sands Asian shares rose on Thursday on hopes the COVID-19 pandemic is nearing a peak and that governments would roll out more stimulus measures, while expectations of an oil production cut agreement bolstered crude prices. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.6%, following […]
India lifts restrictions on 24 drug exports amid coronavirus
By Administraor_India Capital Sands India, the world’s main supplier of generic drugs, has lifted restrictions on the export of 24 pharmaceutical ingredients and medicines made from them, the government said in a statement. It had imposed the restrictions last month as the coronavirus outbreak disrupted global supply chains. Paracetamol, a […]