By Ritu, Capital Sands Moody’s Investors Service on Tuesday lowered India’s GDP growth forecast for 2020 calendar year to 5.3 percent, on coronavirus implications on the economy. Moody’s had in February projected a 5.4 percent real GDP growth for India…
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…
By Ritu Capital Sands U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid…
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…
By Ritu, Capital Sands The fallout from the coronavirus spread across the Pacific on Friday, with Australian travel firms issuing profit warnings and Japanese carriers cutting capacity, while U.S. airlines rushed to cut flights to Europe in the wake of…
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….
By Ritu, Capital Sands There seems to be no end to the mayhem the coronavirus has brought to Indian markets, with the benchmark BSE Sensex posting its biggest single-day decline on March 12, hours after the WHO declared the viral…
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…
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…
By Administrator_India Capital Sands North Korea fired three unidentified projectiles into the sea on Monday, Seoul’s military said, the second such weapons test by Pyongyang in a week. The three devices were fired in a northeasterly direction from the Sondok…