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…
By Ritu, Capital Sands Crude oil futures plummeted on Friday as Russia reportedly refused to support the Organization of Petroleum Exporting Countries’ proposal to cut crude output by an additional 1.5 million barrels a day. OPEC had agreed its proposal on…
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…
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…