U.S. limits travel from Brazil amid worsening coronavirus outbreak

By Administrator_India Capital Sands The White House on Sunday said it was restricting travel from Brazil to the United States, two days after the South American nation became the world’s No. 2 hotspot for coronavirus cases. The travel ban was a blow to right-wing Brazilian President Jair Bolsonaro, who has followed the example of U.S. President Donald Trump in addressing […]

In nod to grim U.S. outlook, Fed’s Powell calls for more fiscal support

By Administrator_Inida Capital Sands The head of the Federal Reserve warned on Wednesday of an “extended period” of weak economic growth, vowed to use the U.S. central bank’s power as needed, and called for additional fiscal spending to stem the fallout from the coronavirus pandemic. Fed Chair Jerome Powell issued his sober review of an economy slammed by a record […]

India presidential palace isolates 500 over virus scare, Pakistan’s Khan to be tested

By Administrator_India Capital Sands  About 500 people entered self-isolation in staff quarters of India’s presidential palace on Tuesday, and Pakistan’s prime minister was due to be tested, as the coronavirus spreading through South Asia hit the heart of the region’s governments. Afghan President Ashraf Ghani and his wife tested negative for the coronavirus, his spokesman said, after at least 20 […]

Gold eases on rising risk appetite as new virus cases fall

Gold Down Despite Continued COVID-19 Fears

By Administrator_India Capital Sands Gold prices in Asia were down in Asia on Thursday morning despite the continuing economic uncertainty caused by the COVID-19 virus. The yellow metal could not hold onto its steady gains from the previous session as gold futures dropped by 0.11% at $1,82.45. For the third day in a row, prices for the yellow metal were in sync with stocks. The two prices […]

PM Modi plans staggered exit from vast coronavirus lockdown

By Administrator_India Capital Sands India will pull out of a three-week lockdown in phases, Prime Minister Narendra Modi said on Thursday, as officials battle to contain the country’s biggest cluster of coronavirus infections in the capital, New Delhi. The shutdown, which has brought Asia’s third-largest economy to a shuddering halt, had been due to end on April 14. Modi ordered […]

U.S. death toll spirals amid rush to build field hospitals, find supplies

By Administrator_India Capital Sands The U.S. government raced on Tuesday to build hundreds of makeshift hospitals near major cities as healthcare systems were pushed to capacity, and sometimes beyond, by the coronavirus pandemic. Even as millions of Americans hunkered down in their homes under strict “stay-at-home” orders, the death toll, as talled by sources, shot up by more than 850 […]

Crude oil futures drop as pandemic darkens demand outlook

By Administrator_India Capital Sands Crude oil benchmarks fell sharply on Monday, with Brent hitting its lowest since November 2002, as the global coronavirus pandemic worsened and the Saudi Arabia-Russia price war showed no signs of abating. Brent futures were down 6.7%, or $1.68, to $23.25 a barrel, after earlier dropping to $23.03, the lowest since November 2002. U.S. West Texas […]

Asian Stocks Mixed as Volatility Continues

By Administrator_India Capital Sands Asian markets were mixed on Wednesday morning, as Japanese stocks outperforming its regional peers following the release of data that showed the country’s exports fell less than expected last month In Japan, provisional data released by the Ministry of Finance on Wednesday showed a 1% drop in exports year-on-year in February, less than the 4.3% predicted by analysts. The Nikkei […]

Gold Declines as Virus Panic Spurs Sell Off Across Markets

By Administrator_India Capital Sands Gold declined as investors rush to raise cash to cover losses in other markets amid a rout in U.S. stocks, with global leaders striking a pessimistic tone over the likely economic impact of the coronavirus outbreak. Wall Street stocks plunged the most since 1987 on Monday after President Donald Trump warned the economic disruption from the […]

China says consumer sales steadying after virus hit, trade still tough

China says consumer sales steadying after virus hit, trade still tough

By Ritu, Capital Sands The coronavirus outbreak has hit global demand, but its impact on China’s foreign trade is only temporary, the Commerce Ministry said on Thursday, adding that authorities would roll out more targeted support measures to stabilise supply chains. The epidemic, which has killed more than 3,000 people and infected more than 80,000 in mainland China, has triggered […]