By Administrator_India Capital Sands LONDON – OPEC and Russia resume talks on Thursday in a bid to define policies for 2021 after an initial round of discussions this week failed to bring a compromise on how to tackle weak oil demand amid a second coronavirus wave. The group of OPEC and allies, known as OPEC+, had been widely expected […]
International
Donald Trump refuses to commit to peaceful power transfer post-election
By Administrator_India Capital Sands US President Donald Trump on Wednesday wouldn’t commit to a peaceful transfer of power if a tally of ballots shows Democrat Joe Biden wins the November election. “We’re going to have to see what happens,” Trump said in response to a reporter’s question at a White […]
Brexit jitters: JPMorgan Chase to move $230-billion assets to Germany
By Administration_India Capital Sands JPMorgan Chase is moving about ^200 billion ($230 billion) from the UK to Frankfurt as a result of Britain’s exit from the European Union (EU), a shift that will make it one of the largest banks in Germany. The US bank plans to finish the migration of […]
Asian stocks fall on concerns about fresh lockdowns, banking sector
By Administrator_India Capital Sands Asian shares opened weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks. JPMorgan Chase & Co and Bank of New York Mellon Corp on Monday fell 3.1% and 4.0%, respectively, while HSBC […]
Covid-19: UK inflation eases to 0.2% on temporary steps to aid spending
By Administrator_India Capital Sands The U.K. inflation rate fell to the lowest since 2015 last month, driven by government tax cuts and other stimulus designed to dig the economy out of the depth of the coronavirus crisis. The reading of 0.2% was slightly higher than the zero forecast by economists, although the drop from July’s reading […]