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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….

U.S. senator calls for action on forced labor in China’s Xinjiang

By Administrator_India Capital Sands A senior U.S. senator on Tuesday accused U.S. firms of willfully ignoring “horrific” forced labor conditions in China’s Xinjiang region and called on the Commerce Department to stop American companies and consumers buying goods produced by…

Asian stocks suffer, Treasury yields plumb new depths as virus spreads

By  Administrator_India, Capital Sands Asian shares and U.S. stock futures fell on Friday following another Wall Street rout as disruptions to global business from the coronavirus beyond China worsened, stoking fears of a prolonged world economic slowdown. MSCI’s broadest index…

Crypto back on track? SC allows banks to provide cryptocurrency services; sets aside RBI prohibitions

By Ritu Capital Sands The Supreme Court on March 4 allowed banks and financial institutions from providing services related to cryptocurrencies by setting aside the Reserve Bank of India’s 2018 circular which had prohibited them. The order is likely to…

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