Category: Business

Unlock 4.0: Delhi Metro receives nod to resume services from September 7

By Administrator_India Capital Sands The Ministry of Home Affairs (MHA) on August 29 gave the go-ahead for reopening of metro rail services with effect from September. The Metro rail will be allowed to operate with effect from September 7 in a graded manner, the Unlock 4 guidelines issued by the MHA said. Chief Minister Arvind Kejriwal tweeted that he was […]

Reliance Communications’ resolution in limbo as DoT raises objection

By Administrator_India Capital Sands The Department of Telecommunications has objected to the resolution plan for Reliance Communications, as well as its unit Reliance Telecom, at the National Company Law Tribunal (NCLT), Mumbai. The NCLT has adjourned its hearing on the resolution plan for the firms till August 21. The Department of Telecommunications will file written submissions by then. According to the resolution plan […]

Investors still remain attracted towards precious metals, thanks to US-China trade tensions

By Administrator_India Capital Sands Last week began with gold trading near record high levels, although a few factors along the way started to turn around, including hopes for a COVID-19 vaccine, rise in treasury yields, strong dollar and positive economic data. There are no words which can describe last week’s movement as even “wild swings” is an understatement. Although, after […]

Asia shares move ahead led by China gains

By Administrator_India Capital Sands Asian shares firmed toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend and maybe take some pressure off the beleaguered dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.5% to 565.74, moving nearer to the January top of 574.52. […]

China’s retail sales unexpectedly fall as consumer caution prevails

By Administrator_India Capital Sands China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus, while the recovery in the factory sector struggled to gain momentum. Asian markets pulled back on Friday following the disappointing set of economic indicators, which raised concerns about the […]

Asian stocks grind higher, dollar slips as U.S. data brightens mood

By Administrator_India Capital Sands  Asia’s stock markets followed Wall Street higher on Thursday, as investors returned to tech stocks, gold and selling dollars after steady virus figures and a surprising jump in U.S. inflation boosted sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2%, and gains in semiconductor makers drove Japan’s Nikkei 1.9% higher to a six-month peak. […]

Asian stocks fall on U.S. stimulus uncertainty

By Administrator_India Capital Sands Asian stocks dipped on Wednesday on growing uncertainty over whether the U.S. lawmakers would agree on an additional round of big fiscal stimulus to support an economy still struggling with the novel coronavirus. Hopes of vaccine development, however, prompted some investors to reduce safe-haven assets such as gold and government bonds, and to buy back battered […]

Asian shares fall after Trump takes aim at China tech firms

By Administrator_India Capital Sands Asian shares tumbled on Friday after U.S. President Donald Trump ratcheted up already-heightened tensions with Beijing by banning U.S. transactions with China’s tech giant Tencent as well as ByteDance, the owner of video-sharing app TikTok. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 1% and Hong Kong’s Hang Seng fell 2%. Tencent, Asia’s second-biggest company by market […]

Dollar wallows and stocks inch higher as stimulus eyed

By Administrator_India Capital Sands The dollar languished and just about everything else rose on Thursday, as markets took patchy U.S. economic data as a harbinger of ever more stimulus and brinkmanship on Capitol Hill as a sign that a deal on a new U.S. stimulus package is close. Following Wall Street’s lead, MSCI’s broadest index of Asia-Pacific shares outside Japan […]

Asian stocks rise, dollar languishes near two-year lows on Fed

By Administrator_India Capital Sands Asian stocks were boosted by the promise of ultra-easy monetary policy globally as the U.S. Federal Reserve left interest rates near zero to support the country’s virus-battered economy, sending the dollar to a two-year trough. All Fed members voted to leave the target range for short-term rates between 0% and 0.25%, where it has been since […]