By Administrator_ India Capital Sands The Delhi High Court on Friday passed a detailed judgement which clarified Regulation 6 and 9 of the RBI FEMA Regulations 2004 while disposing of Jindal Steel and Power Ltd petition and upholds transfer of money by it to a foreign subsidiary. Court also asked the Petitioner firm to ensure unencumbered assets worth remitted amount […]
By Administrator_ India Capital Sands India’s exports reduced by 9.07 per cent in November, in a second straight month of decline, as major markets continued to be impacted by Covid-19. The outbound shipment in November this year stood at $23.43 billion, against $25.77 billion in the same month a year earlier, official data showed today. In October, the country’s exports […]
By Administrator_ India Capital Sands Oil prices extended losses on Wednesday, hit by a surprise build in oil inventories in the United States and as OPEC and its allies left markets in limbo by delaying a formal meeting to decide whether to increase output in January. Brent crude oil futures were down by 27 cents, or 0.6%, at $47.15 a […]
By Administrator_ India Capital Sands The benchmark Sensex and the Nifty posted a 12 per cent gain in November, but this was pale in comparison with global peers. On Monday, stocks in Asia (the Indian markets were closed) swung from gains to losses, along with US futures and European equities as investors monitored progress on the path to a coronavirus vaccine on the final day of […]
By Administrator_ India Capital Sands Thanksgiving just got a little bit better for the Maine lobster industry. The European Union parliament on Thursday approved a mini trade deal with the United States, which includes the elimination of customs duties on U.S. lobster imports. The passage with 638 votes for, 45 against and 11 abstentions was the last major political step for […]
The online trading industry is not what it used to be. In fact, many would argue that the arena has entirely changed in recent years. Europe in particular has seen a severe tightening in regulation which has dramatically forced brokers to change the way they approach their mode of operation. At the same time, banks and Payment Service Providers have […]
By Administrator_ India Capital Sands At least three people were killed in Tamil Nadu and over 1,000 trees uprooted while some low-lying areas were marooned due to waterlogging following heavy rains on Thursday as severe cyclonic storm Nivar made landfall near Puducherry. In Tamil Nadu, atleast three people were killed in rain-related incidents across the state such as tree and […]
By Administrator_ India Capital Sands In view of a massive protest planned by farmers from Punjab, Haryana, Uttar Pradesh and other parts of the India against the new farm laws of the Centre, Delhi Metro Rail Corporation on Wednesday announced that metro services to several areas of the national capital will remain suspended till 2 pm on Thursday. The DMRC […]
By Administrator_ India Capital Sands Bitcoin moved to within a whisker of its all-time high on Tuesday, after hitting $19,000 for the first time in nearly three years. The world’s most popular cryptocurrency was last up 4.8% at $19,225, just shy of its all-time record of $19,666 hit in December 2017. Bitcoin has gained around 25% in the last two weeks alone, and is up […]
By Administrator _India Capital Sands Equity benchmarks made a winning start to the week on Monday as positive results from another Covid-19 vaccine candidate bolstered investor confidence globally. After touching a record intra-day high of 44,271.15, Sensex ended 194.90 points or 0.44 per cent higher at 44,077.15. Similarly, the broader Nifty rose 67.40 points or 0.52 per cent to close […]
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By Administrator _India Capital Sands The markets received a reality check on Thursday after the unprecedented run-up this month. A sell-off in global markets amid renewed fears of lockdowns to curb the rise in Covid-19 cases dampened investor sentiment and triggered profit taking. The benchmark Sensex closed at 43,600, down 580 points or 1.31 per cent, the sharpest fall since October 26. The Nifty50 […]
By Administrator_ India Capital Sands Final results from Pfizer’s Covid-19 vaccine trial showed its shot had a 95 per cent success rate and two months of safety data, paving the way for the drugmaker to apply for an emergency US authorisation within days, it said on Wednesday. Pfizer said it expected the US FDA vaccine advisory committee to review and discuss the […]
By Administrator _India Capital Sands With frequent changes in visa norms and the anti-immigration mood during the Donald Trump regime, the number of Indians studying in the US fell to a three-year low at 193,124. According to the latest Open Doors Report on International Educational Exchange (IIE), the number of Indian students studying in American universities and colleges fell 4.4 […]
By Administrator_ India Capital Sands The Sensex defied gravity for the eighth straight session to finish at yet another record high on Wednesday, as positive global cues and robust foreign fund inflows fuelled risk-on sentiment. The government approving a Rs 2-trillion production-linked incentive package for various sectors, also buoyed investors, traders said. After touching its all-time peak of 43,708.47 during […]
By Administrator _India Capital Sands Oil was up on Wednesday morning in Asia, with gains of over 11% in the last two days. Prices have been buoyed by positive COVID-19 vaccine news and encouraging U.S. stockpile data. Brent oil futures rose 0.92% to $44.01 by 11:45 PM ET (3:45 AM GMT) and WTI futures jumped 1.06% to $41.80. Oil has continued its recent […]
By Administrator_ India Capital Sands Brazil’s health regulator has suspended a clinical trial for China’s Sinovac coronavirus vaccine citing a severe adverse event, surprising the trial organisers who countered there had been a death but it was unrelated to the vaccine. The health regulator, Anvisa, said on Monday the event took place on Oct. 29 but did not specify if […]
By Administrator _ India Capital Sands US President-elect Joe Biden will work towards providing a roadmap to American citizenship for nearly 11 million undocumented immigrants, including over 500,000 from India, and will also establish a minimum admission number of 95,000 refugees annually. As a largely immigrant community, but in some cases with American roots reaching back generations, Indian-Americans know firsthand the strength and resilience […]
By Administrator_ India Capital Sands Joe Biden stood on the brink of claiming the US presidency from Donald Trump on Thursday, with a handful of states expecting to complete their vote counts despite Republicans opening legal fights to stop counting in at least two states. Biden held 264 Electoral College votes out of the 270 needed to win the White House, according to […]
Forex is one of the fastest-growing areas for new traders to get started. The main reason for this is the low entry-level (only a few hundred dollars for mini accounts) and that it is fairly straightforward to trade. The word FOREX is derived from Foreign Exchange and is the largest financial market in the world. Forex is often abbreviated to FX. As […]
By Administrator_ India Capital Sands The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.05% to 94.093 by 11:17 PM ET (3:17 AM GMT). The dollar held onto gains from the previous week, seeing its largest weekly percentage rise since late September during the previous session as investors cautiously turned to the safe-haven asset. Although […]
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With nearly 6 trillion dollars in volume traded on a daily basis, the market for online foreign exchange (forex) trading and speculation is by far one of the fastest growing in the world. Due to breakthroughs in technology, it’s now easier than ever to participate in this industry’s rapid growth. Unlike a brick and mortar business, all that’s needed to […]
By Administrator_ India Capital Sands The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, edged down 0.11% to 92.942 by 10:31 AM ET (2:31 AM GMT). On the COVID-19 front, the U.S., Russia and France all set new records for the number of daily COVID-19 cases. There are over 43.4 million cases globally as of Oct. […]
By Administrator_ India Capital Sands Slamming President Donald Trump for his comment on India’s air pollution, former vice president and Democratic Party’s presidential nominee Joe Biden on Saturday said he and his running mate Kamala Harris deeply value America’s partnership with India. President Trump called India ‘filthy’. It’s not how you talk about friends and it’s not how you solve […]
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By Administrator_ India Capital Sands Prime Minister Narendra Modi would be meeting 15 global funds to promote investments and to assess their views on reforms that are required to attract long-term capital into the country. The meeting would focus on investment in capital-starved sectors like infrastructure. “Fund houses from all over the world are in touch with us and want us to provide […]
By Administrator _India Capital Sands Prime Minister Narendra Modi is set to meet 15 of the world’s largest funds to promote investments in capital-starved sectors like infrastructure. The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country. The development comes at a time when capital expenditure has seen a […]
By Administrator _ India Capital Sands Oil extended declines as Opec+ warned of a precarious outlook for the market while a resurgent virus hits consumption. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman, speaking at the coalition’s committee meeting on Monday, called on the group to be proactive in the face of uncertain demand. The comments are strengthening expectations that Opec and […]
By Administrator_ India Capital Sands Pollution levels in Delhi dipped slightly on Monday but the air quality stayed in the ‘poor’ category, with government agencies saying the AQI was likely to slip to ‘very poor’ in the next few days due to a change in wind direction and a reduction in speed. The city recorded a 24-hour average air quality […]
By Administrator_ India Capital Sands Air pollution may increase transmissibility of the novel coronavirus making people more vulnerable to the disease and aggravating the COVID-19 situation, experts have said, while warning that those who have had the infection in the past may also have to face new challenges. With winters approaching and easing of the coronavirus-induced lockdown, Delhi-NCR is bracing […]
By Administrator _ India Capital Sands Singapore and Hong Kong have agreed on a bilateral air travel bubble, which will exempt travellers from the mandatory quarantine upon arrival, as the rate of coronavirus infection declines in both cities Travellers under the bubble will not be subject to mandatory quarantining, the MOT release said, adding that there will be no restrictions on travel purposes and no need for […]
By Administrator_ India Capital Sands The Shanghai Composite inched down 0.08% at 11:05 PM ET (3:05 AM GMT) and Shenzhen’s SZSE Composite edged down 0.14%. Asian Pacific markets were mostly down on Thursday morning, with U.S. COVID-19 stimulus looking increasingly unlikely before their elections and the rapid spread of COVID-19, especially in Europe. Increased U.S.-China tension is also a negative for investor […]
By Administrator_ India Capital Sands Asia Pacific stocks were mostly down on Wednesday morning after two major U.S. COVID-19 treatment trials were paused over patient safety concerns. Also hampering stocks is the ongoing lack of action on U.S. COVID-19 stimulus plans, with any action looking increasingly likely to be put off until after the U.S. elections. The Shanghai Composite was up down […]
By Administrator_ India Capital Sands Pushed up by the double-digit food inflation, the retail price inflation rate rose to an eight-month high of 7.34 per cent in September from 6.69 per cent in August. This was the sixth consecutive month that the inflation rate remained above the Reserve Bank of India’s (RBI’s) comfort zone of 6 per cent. As a result, the central bank’s […]
By Administrator_ India Capital Sands For decades, diesel has underpinned India’s economic growth and the fortunes of its refiners, but the pandemic has caused the nation’s most consumed fuel to lose some of its luster. Since Covid-19-lockdowns have eased across India, diesel consumption has trailed the rebound in gasoline with trucks remaining idle amid a softer economy. Motor fuel use, however, has benefited from […]
By Administrator_ India Capital Sands In Union Minister Ram Vilas Paswan’s death, the country has lost a mausam vaigyanik or ‘weather vane’ of politics. Perhaps no other leader was able to successfully predict the directions of political winds before taking the future course of action, like he was. Among the first to condole the death was Paswan’s friend-turned-adversary Lalu Prasad Yadav who had given […]
By Administrator_ India Capital Sands The National Council of Educational Research and Training (NCERT) signed an MoU with the Indian Sign Language Research and Training Centre (ISLRTC) on Tuesday to make textbooks and other educational material accessible for deaf children in sign language. “The availability of NCERT textbooks in Indian Sign Language (ISL) will ensure that hearing-impaired children can also […]
By Administrator_ India Capital Sands The BSE, the NSE, forex, money and bullion markets were closed on Friday on account of Gandhi Jayanti. The Sensex vaulted 629 points while the Nifty recaptured the 11,400-mark on Thursday as positive macroeconomic data. The 30-share BSE Sensex soared 629.12 points or 1.65 per cent to close at 38,697.05, led by banking and finance […]
By Administrator_India Capital Sands As the long-standing COVID-19 pandemic shows no signs of abating, healthy living has assumed massive significance the world over. Now, Indian health tech startups are reaping the benefits of growing awareness among Indians as more take to working out at home. Digital platforms are not only seeing increased traction but are also generating good revenues looking […]
By Administrator_India Capital Sands The yuan has strengthened 4.2% since the end of June to 6.772 per dollar, set for the biggest ever quarterly gain in Bloomberg data going back to 1981. The currency is the best performer in Asia in the third quarter, with the buying momentum being close to the strongest since January. The yuan is being supported […]
By Administrator_India Capital Sands Japanese Chief Cabinet Secretary Yoshihide Suga was elected leader of the ruling Liberal Democratic Party by an overwhelming majority, ushering in the country’s first change of prime minister in almost eight years. The party, which has ruled mostly uninterrupted since 1955, was set to use its parliamentary majority to install Suga as prime minister in a separate vote […]
By Administrator_India Capital Sands India on Monday registered a record 92,070 coronavirus cases in 24 hours taking the total number of infections to over 48 lakh, according to the Union Ministry of Health and Family Welfare. The country also recorded 1,136 deaths in the last 24 hours, the cumulative toll reached 79,722. The total case tally stands at 4,846,427 including 9,86,598 active […]
By Administrator_India Capital Sands Top banks in India have reported a surge in suspicious transactions by companies in cash and overseas transfers since COVID-19. State Bank of India, Bank of Baroda, ICICI Bank, and HDFC Bank have started red-flagging such transactions that defy traditional company patterns. Banks are keeping an eye on companies that have recorded a spike in trading, dealing […]
By Administrator_India Capital Sands The dollar was down on Thursday morning in Asia, ahead of the ECB meeting taking place later in the day. The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.10% to 93.165 by 11:54 PM ET (4:54 AM GMT). The euro held onto gains against the greenback ahead of the meeting, […]
By Administrator_India Capital Sands The combination of a stalling Asian demand recovery, the end of the US summer driving season, and increased supply from the Opec+ alliance are signaling a bleak short-term outlook for oil prices. The global Brent crude benchmark is currently trading quite deeply in a bearish pattern known contango, where the most immediate prices are far below those […]
By Administrator_India Capital Sands India on Tuesday recorded as many as 75,809 new coronavirus cases, taking the national caseload near 43-lakh mark, according to the Union Ministry of Health and Family Welfare. With 1,133 more deaths in the last 24 hours, the cumulative toll reached 72,775. The total case tally stands at 42,80,422 including 8,83,697active cases. India on Monday surpassed […]
By Administrator_India Capital Sands Education Ministers of G 20 nations have resolved to work together and share best practices in the area of education so that member countries can ensure inclusive and equitable quality education and promote lifelong learning opportunities for all, even in times of crisis. A virtual meeting of G20 Education Ministers was held on September 05, 2020, […]
New Delhi: Markets opened with deep cuts on Friday in tandem with global stocks. The BSE Sensex tanked 625.93 points or 1.61 percent to 38,365.01 in early trade while the NSE Nifty fell 173.05 points or 1.50 percent to 11,354.40. All the indices in the Sensex pack were trading in the red. Banking and financials took hard hit with ICICI […]
By Administrator_India Capital Sands The SEBI has ordered attachment of bank and demat accounts of two dozen defaulters in the matters of three companies — Mass Infra Realty, Skymarg Agro Industries India, and Life Care Real Developers — to recover dues totalling nearly Rs 40 crore. The defaulters are 11 directors of Mass Infra Realty, five directors of Skymarg Agro, Life Care and […]
By Administrator_India Capital Sands The leader of the Liberal Democratic Party will almost certainly become prime minister because of its majority in the lower house of parliament, replacing Shinzo Abe who on Friday said he was stepping down for health reasons. Public broadcaster NHK said the contest was likely to place around September 13 to 15. Japanese media saying it would […]
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 […]
By Administrator_India Capital Sands Longer-dated Treasury yields and the dollar rose in Asia on Friday after the U.S. Federal Reserve shifted its policy framework to place more emphasis on boosting economic growth and less on worries about letting inflation run too high. The 10-year U.S. Treasury yield rose to 0.7870%, the highest since June 10, which caused the yield curve to steepen, […]
By Administrator_India Capital Sands To boost the stagnant real estate market hit by COVID-19, the Maharashtra government on August 26 decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31, 2020, sources said. Stamp duty from Jan 1, 2021, until March 31, 2021, will be 3 percent, they said. The decision was […]
By Administrator_India Capital Sands Congress president Sonia Gandhi on August 25 reached out to the chief ministers of West Bengal, Maharashtra and Jharkhand on the issue of compensation to states and would hold a meeting with them for evolving a collective stand at the August 27 GST Council meeting, sources said. They said Gandhi will be holding the virtual meeting […]
By Administrator_India Capital Sands Gold (XAU/USD) started out the week on the back foot and closed Monday below $1930, extending Friday’s weakness. The spot once again failed to sustain above the $1950 level, as the coronavirus vaccine optimism lifted the risk sentiment and dulled the haven appeal of gold. Wall Street closed at record highs while the rally in the US […]
By Administrator_India Capital Sands The dollar was flat on Monday morning in Asia, with investors awaiting further guidance on the U.S. monetary policy outlook later in the week. U.S. Federal Reserve Chairman Jerome Powell is widely expected to discuss monetary policy during the Jackson Hole symposium. The two-day event will open on Thursday. Some investors were cautiously optimistic that the […]
By Administrator_India Capital Sands The pound continued its strength against the dollar on Thursday, shrugging off growing concerns that the U.K and EU are unlikely to find a breakthrough on the latest round of post-Brexit talks, which concludes on Friday. GBP/USD rose 0.71% to $1.3192. With the latest U.K.-EU trade talks set to end on Friday, there are few betting that […]
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 […]
By Administrator_India Capital Sands Asian shares climbed to a seven-month peak on Wednesday tracking the S&P 500, which scaled all-time highs driven by ever expanding policy stimulus aimed at cushioning the blow to economies from the coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside of Japan rose 0.3%, up for a third straight day to 570.80 points, a level […]
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 […]
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. […]
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 […]
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. […]
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 […]
Entrepreneurs are people who dare to go think beyond the obvious and make things happen. Their way of thinking goes beyond the creative ability of their competitors. Businesses which now have a global presence were once small and unassuming. One such example is Arun Kumar Saini (Young Indian Entrepreneur) After dropping out of school began his career by starting a […]
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 […]
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 […]
By Administrator_India Capital Sands Gold scaled a new high on Wednesday as a weaker dollar and falling bond yields burnished its safe-haven appeal, while shares were mostly lower as investors baulked at the ballooning cost of the coronavirus pandemic. Risk assets such as equities have surged in recent months on massive policy stimulus from central banks and governments, but gold […]
By Administrator_India Capital Sands Asian shares rose on Tuesday after strong U.S. manufacturing data and gains in tech stocks helped investors look past broader worries about the coronavirus and global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.9%, while shares in China nudged up 0.1%. Australian stocks gained 2% for the biggest intraday gain since July 21. […]
By Administrator_India Capital Sands The U.S. economy contracted by an unprecedented annualised rate of 32.9% in the second quarter, the Commerce Department reported Thursday, the worst decline since the Great Depression as the coronavirus pandemic hammered consumer spending. Economists had forecast a slightly larger decline of 34.1% after a 5% contraction in the first quarter, although they warned that the figure […]
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 […]
By Administrator_India Capital Sands Gold hovered around record highs on Wednesday morning in Asia as the US dollar remained weak and debate continued in the U.S. over the next COVID-related stimulus package. Gold futures gained 0.05% to $1,945.60, lower than the $1,968.00 level hit on Tuesday, suggesting that the relentless climb in the price of the yellow metal may be […]
By Administrator_India Capital Sands Oil held losses near $41 a barrel in New York as signs of weakness in the U.S. labor market cast doubt on the strength of the demand recovery in the world’s biggest crude consumer. The first increase in jobless claims since March comes as lawmakers negotiate another virus relief package, while infections and deaths surged across […]
By Administrator_India Capital Sands The dollar crept off milestone lows against other majors on Thursday, and held on to gains against the yuan, as heightened Sino-U.S. tension put a bit of caution into currency markets. China has vowed to respond and the escalation in tension between the world’s two largest economies sent the yuan on its sharpest slide in nearly […]
By Administrator_India Capital Sands The euro stood at an 18-month high, silver soared and commodities forged ahead on Wednesday, as economic recovery hopes drove bets on rebounding world demand and a falling U.S. dollar. Stock markets in Asia ground higher, except in Australia where a surge in coronavirus infections put pressure on bank and travel shares and the benchmark index […]
By Administrator_India Capital Sands Gold rose on Tuesday, hovering near a nine-year peak hit in the last session, as worries over a spike in COVID-19 cases and expectations for inflation from more economic stimulus measures boosted demand for the safe-haven metal. Spot gold was up 0.1% at $1,817.23 per ounce, after hitting its highest since September 2011 at $1,820.06 on […]
By Administrator_India Capital Sands Asian shares were downbeat on Monday with oil and copper also soft, as a spike in global coronavirus cases hung over markets awaiting efforts from the euro zone and United States to stitch together fiscal stimulus plans to fight the pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2%, reversing early gains after E-mini futures for […]
By Administrator_India Capital Sands The dollar was up on Friday morning in Asia, with investors turning to the safe-haven asset as the number of COVID-19 cases continue to be smash records. The U.S. recorded at least 75,000 cases over a 24-hour period on Thursday, and Brazil surpassed the 2 million mark the same day. The surging number of cases prompted […]
By Administrator_India Capital Sands President Donald Trump demoted his longtime campaign manager on Wednesday, a move aimed at shoring up his re-election bid as he trails Democratic candidate Joe Biden in opinion polls less than four months before the Nov. 3 vote. In a Facebook post, Trump said campaign manager Brad Parscale would be replaced by Bill Stepien, who has been […]
By Administrator_India Capital Sands Asian shares jumped on Wednesday as optimism about a coronavirus vaccine bolstered risk appetite while the euro rose to a four-month top on the prospect of stimulus ahead of a crucial EU summit. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.2%, edging closer to a recent five-month peak. Japan’s Nikkei added 1.5% to the highest […]
By Administrator_India Capital Sands Asian stock markets slipped on Tuesday, oil sagged and a safety bid supported the dollar as simmering Sino-U.S. tensions and fresh coronavirus restrictions in California kept a lid on investor optimism as earnings season gets underway. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.2%. Japan’s Nikkei retreated from a one-month high touched on Monday, dropping 0.8%. […]
By Administrator_India Capital Sands Asian shares crept toward five-month peaks on Monday as investors wagered the U.S. earnings season would see most companies beat forecasts given expectations had been lowered so far by coronavirus lockdowns. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.15%, having climbed sharply last week on the back of surging Chinese stocks, which added another […]
By Administrator_India Capital Sands Asian shares and U.S. stock futures fell on Friday as record-breaking new coronavirus cases in several U.S. states stoked concerns that new lockdowns could derail an economic recovery, while investors looked forward to earnings season. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.76%. Australian stocks dropped 0.42%, while Japanese stocks declined by 0.4%. Shares […]
By Administrator_India Capital Sands The dollar nursed losses against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency. Traders in Asia are focused on whether China’s yuan can extend gains against the greenback as investors of all stripes shift funds to increase positions in Chinese […]
By Administrator_India Capital Sands The World Health Organization on Tuesday acknowledged “evidence emerging” of the airborne spread of the novel coronavirus, after a group of scientists urged the global body to update its guidance on how the respiratory disease passes between people. The WHO has previously said the virus that causes the COVID-19 respiratory disease spreads primarily through small droplets […]
By Administrator_India Capital Sands Asian shares paused for breath on Tuesday following a surge sparked by speculation Beijing is trying to orchestrate a major domestic bull run to support an economy hit by the coronavirus and a standoff with Washington. MSCI’s broadest index of Asia-Pacific shares outside Japan was last down 0.25%, a seemingly inevitable correction after sharp gains of […]
By Administrator_India Capital Sands Indian shares rose for a fourth straight session on Monday, as HDFC Bank Ltd gained after reporting strong loan growth and hopes of a recovery in the global economy pushed stock markets across Asia higher. The Nifty rose 0.98% to 10,711.05, while the Sensex was up 0.82% at 36,315.69, both trading near their four-month peaks. HDFC […]
By Administrator_India Capital Sands Indian shares scaled near four-month highs on Friday, as upbeat data from the United States and China outweighed concerns about surging domestic cases of the novel coronavirus, while Reliance Industries climbed after Intel invested in its digital unit. The benchmark indexes rose for a third day, with the Nifty rising 0.39% to 10,592.55 and the Sensex […]
By Administrator_India Capital Sands Gold was down on Thursday morning in Asia, with investor sentiment boosted by positive results from yet another potential COVID-19 vaccine. U.S. pharmaceutical company Pfizer announced the results from the early stage human trial for BNT162b1, its mRNA candidate jointly developed with German biotech firm BioNTech, on Wednesday. The results showed production of neutralizing antibodies in […]
By Administrator_India Capital Sands Oil prices rose more than 1% on Wednesday after data showed crude inventories in the United States fell much more than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world. Brent crude rose 48 cents, or 1.2%, to $41.75 a barrel after declining more than 1% on Tuesday. U.S. crude was up […]
By Administrator_India Capital Sands The dollar retreated on Tuesday morning in Asia, giving up it gains from the last session as investors balance positive trade data with increasing COVID-19 figures. China reported a higher-than-expected manufacturing Purchasing Manager’s Index of 50.9 earlier in the day. Meanwhile, COVID-19 continues its rampage, with over 10.2 million cases as of June 30 according to Johns Hopkins […]
New Delhi : CapitalUniversity India has ranked 64th in the 2020 Higher Education University Rankings. Last year, CUJ was 68th and it has moved 04 notches up this year. It is second amongst the Indian Universities. THE’s 2020 University Rankings reveal the best universities under 50 years old, assessing them across teaching, research, international outlook and their work with industry. In fact, the ranking […]
By Administrator_India Capital Sands Authorities in New Delhi worked to convert a spiritual centre into a huge quarantine facility on Thursday as novel coronavirus cases in the Indian capital overtook the financial hub Mumbai for the first time. Delhi now has 70,390 coronavirus cases, with more than 40,000 detected in the last two weeks. That is more than Mumbai’s 69,528, […]
By Administrator_India Capital Sands Indian stocks fell on Thursday after the International Monetary Fund steeply cut its growth outlook for the country and forecast a deeper global recession, with a surge in coronavirus cases also spooking investors. The IMF predicted Indian economy to contract by 4.5% following a longer lockdown period and slower recovery than anticipated in April. It also […]
By Administrator_India Capital Sands India’s ministry of civil aviation said on Tuesday it was considering allowing some international carrier flights to resume after Washington accused India of “unfair and discriminatory practices.” The Indian ministry said in a statement posted on Twitter that as “we move from controlled and managed aviation evacuation of our citizens in different parts of the world […]
By Administrator_India Capital Sands Asian shares see-sawed in a wild ride on Tuesday following confusing statements from the White House over the U.S.-China trade deal, with President Donald Trump later clarifying the pact was “fully intact.” Trump’s tweet bolstered market sentiment, helping e-minis for the S&P 500 swing back to positive territory. Asian shares were quick to turn around too, […]
By Administrator_India Capital Sands U.S. stock futures erased losses and Asian stocks held flat on Monday, trying to shake off worries that rising coronavirus cases in the United States could scupper a quick economic rebound from the massive downturn triggered by the pandemic. U.S. S&P 500 futures rose 0.4%, having erased early losses of 1.05% while Japan’s Nikkei also eked out […]
By Administrator_India Capital Sands Gold was up on Friday morning in Asia, amid a rising number of COViD-19 cases in China and the U.S. as well as rising U.S.-China tensions. Beijing reported 25 new COVID-19 cases on Thursday, with the number of cases linked to an outbreak in the Xinfadi market now standing at almost 200. Some U.S. states also […]
By Administrator_India Capital Sands Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic. S&P 500 mini futures fell 1.2% in early Asian trade while MSCI’s broadest index of Asia-Pacific shares outside Japan lost as much as 1%. Japan’s Nikkei lost […]
By Administrator_India Capital Sands Gold was down on Wednesday morning in Asia, with the yellow metal stemmed by positive U.S. retail sales data and mounting COVID-19 and geopolitical fears. Gold futures fell by 0.13% at $1,734.20. Stocks, which usually move in the opposite direction to gold, were mostly down on Wednesday. The U.S.’ announcement of a record increase in May retail […]
By Administrator_India Capital Sands The Bank of Japan kept monetary settings steady on Tuesday and stuck to its view that the economy will gradually recover from the coronavirus pandemic, signalling that it has taken enough steps to support growth for now. However, it increased the nominal size of its lending packages for cash-strapped firms to $1 trillion from about $700 […]
By Administrator_India Capital Sands Asian shares stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens while underwhelming data from China further weighed on sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3% with Australian shares off 0.1% and South Korea easing 0.3%. Japan’s Nikkei faltered […]
By Administrator_India Capital Sands Asian equities are set to fall sharply on Friday after Wall Street stocks and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of reopening economies. The three major U.S. stock indexes fell more than 5%, posting their worst day since mid-March when markets were sent into freefall by the […]
By Administrator_India Capital Sands Asian stocks were set to fall on Thursday after gloomy economic projections from the U.S. Federal Reserve sent the greenback and most Wall Street shares lower. Fed officials at their policy meeting on Wednesday said U.S. gross domestic product is expected to decline 6.5% this year. They also flagged the need to keep the key interest […]
By Administrator_India Capital Sands Asian stock markets eked out a 10th consecutive session of gains on Wednesday, but momentum ebbed as doubts about the global recovery from the pandemic returned ahead of the U.S. Federal Reserve meeting. The sideways move in equities cap two weeks of stock market gains, turbocharged by Friday’s data showing a completely unexpected rise in U.S. […]
By Administrator_India Capital Sands Asian stocks rallied for their ninth straight day on Tuesday and oil prices jumped as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery. Markets have been particularly encouraged by a May U.S. jobs report last week that showed a surprise fall in the unemployment rate, sending […]
By Administrator_India Capital Sands U.S. stock futures and Asian shares advanced on Monday after a surprise recovery in U.S. employment gave further confidence of a quick economic recovery after many weeks of lockdowns aimed at controlling the coronavirus pandemic. U.S. S&P500 futures rose 0.5% to stand near their highest levels since late February while Japan’s Nikkei opened more than 1% higher. MSCI’s […]
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By Administrator_India Capital Sands Japan’s household spending fell at the fastest pace on record in April as the coronavirus shut down travel and dining-out in the world’s third-largest economy, and prospects of higher job losses chilled consumer sentiment. The dismal number will keep policymakers under pressure to prevent a larger decline in the economy, which is expected to fall deeper […]
By Administrator_India Capital Sands Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in economic recovery from the global coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4%, earlier touching the highest since March 9. Shares in Australia rose 0.66% after the country’s prime minister unveiled a fourth stimulus package […]
By Administrator_India Capital Sands Asian shares vaulted to a nearly three-month high on Wednesday as hopes of more stimulus and a further easing in social restrictions around the world outweighed caution over a host of worries from the coronavirus to growing U.S. civil unrest. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.3%, extending its rally into a fifth […]
By Administrator_India Capital Sands The dollar was up on Tuesday morning in Asia, with investors turning to the safe-haven asset even amid optimism over the global economic recovery from the COVID-19 virus. The U.S. Dollar Index that tracks the greenback against a basket of other currencies gained 0.06% to 97.875. In the latest retaliation between the U.S. and China, China ordered […]
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By Administrator_India Capital Sands Asia’s stock markets pulled back and major currencies were held in check on Friday, as investors await the U.S. response to China tightening control over the city of Hong Kong. China’s parliament on Thursday pressed ahead with national security legislation for the city, raising fears over the future of its democratic freedoms and function as a […]
By Administrator_India Capital Sands Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Analyst showed on Wednesday. The stimulus, which will be funded partly by a second extra budget, will be on top of […]
By Administrator_India Capital Sands Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy. Japan’s Nikkei led the way with a rise of 2% to its highest since early March when the economic impact of the coronavirus was just […]
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 […]
By Administrator_India Capital Sands Hong Kong shares tumbled on Friday after Beijing moved to impose a new security law on the city after last year’s pro-democracy unrest, risking fresh protests and further straining fast-deteriorating U.S.-China ties. Hong Kong’s Hang Seng index fell 3.7% to a seven-week low, helping to pull down the MSCI broadest index of Asia-Pacific shares outside Japan […]
By Administrator_India Capital Sands Asian shares were poised to open higher on Thursday after global equities and crude prices rallied overnight on hopes of a rapid economic recovery and government support. Hong Kong futures edged higher. Nikkei futures were trading above the Nikkei 225 index’s previous close. Australian shares were also set to rise. Global equities have received a boost […]
By Administrator_India Capital Sands Asian stocks struggled to extend the week’s rally on Wednesday and gold and bonds firmed as a skeptical press report dented some hopes for a COVID-19 vaccine and concerns about bumps in the global recovery from the pandemic returned. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat. The risk-sensitive Australian dollar retreated from an […]
By Administrator_India Capital Sands The sugar rush from Monday’s Franco-German proposal for a 500 billion-euro ($546 billion) Recovery Fund has faded quickly on Tuesday, with European stock markets mostly succumbing to profit-taking rather than extending gains. By 5:30 AM ET (0930 GMT), the benchmark Stoxx 600 was down 0.8%, while the French CAC 40 was down 0.9% and the Italian FTSE MIB was down 1.2%. That […]
By Administrator_India Capital Sands The number of COVID-19 cases in the United States exceeded 1.5 million on Monday, as total deaths caused by the new coronavirus approached 90,000. Most U.S. states reported a drop in new cases of the respiratory illness for the week ended May 17, with only 13 states seeing a rise in infections compared to the previous […]
By Administrator_India Capital Sands The dollar was down on Monday morning in Asia, giving up some of its gains on Friday. U.S.-China tensions rose over the weekend after White House trade advisor Peter Navarro suggested in a “This Week” interview that Beijing sent “hundreds of thousands of Chinese on aircraft to Milan, New York and around the world” to spread the virus after hiding it from the world […]
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By Administrator_India Capital Sands Asian stocks were set to rise on Friday amid investor optimism about the re-opening of the U.S. economy from coronavirus lockdowns and possibly more stimulus that could fuel a recovery. U.S. President Donald Trump said he was open to negotiating another possible stimulus bill amid the novel coronavirus pandemic, but “was taking his time” to see […]
By Ritu, Capital Sands Japan has begun treating severely ill COVID-19 patients with Gilead Sciences Inc’s COVID-19 remdesivir drug, a health ministry official said, just days after giving the drug emergency approval as it seeks to curb the coronavirus outbreak. Ministry official Yasuyuki Sahara said in an e-mail on Thursday that the U.S. firm’s treatment has been distributed to hospitals […]
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 […]
By Ritu, Capital Sands Indian bonds recovered from early falls on Wednesday as investors chose to wait for details of the government’s 20 trillion rupee ($266 billion) fiscal package aimed at supporting an economy ravaged by a weeks-long coronavirus lockdown. Prime Minister Narendra Modi said on Tuesday night that the package was equivalent to nearly 10% of India’s gross domestic […]
By Administrator_India Capital Sands South Korea’s unemployment rate was unchanged in April but the number of employed fell at its fastest in more than two decades, data showed on Wednesday, as efforts to contain the coronavirus pandemic shut businesses and cut social activity. The nation’s unemployment rate was a seasonally adjusted 3.8% in April, unchanged from March. However, the number […]
By Ritu, Capital Sands European stock markets traded in tight ranges Tuesday, as investors weighed up the benefits of reopening economies with the possibility of a second wave of Covid-19 victims. At 3:55 AM ET (0755 GMT), the DAX in Germany traded 0.1% higher, France’s CAC 40 fell 0.08%, while the U.K.’s FTSE index was up 0.3%. France’s economic downturn is easing as the country emerges […]
By Administrator_India Capital Sands Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank would do “whatever it can” to combat the growing fallout from the coronavirus pandemic, warning that a collapse in global activity would hamstring the economy. In a semi-annual testimony to parliament, Kuroda said the raft of monetary easing steps the central bank has taken […]
By Ritu, Capital Sands European stock markets posted gains Monday, amid growing optimism as more countries start to reopen their economies. At 3:45 AM ET (0735 GMT), the DAX in Germany traded 0.5% higher, and France’s CAC 40 rose 0.2%. The U.K.’s FTSE index gained 0.8%, making up for lost time as Friday was a holiday. France, the second largest economy in the euro zone, is […]
By Administrator_India Capital Sands The White House has begun informal talks with Republicans and Democrats in Congress about what to include in another round of coronavirus relief legislation, officials said on Sunday, while predicting further U.S. job losses in the coming months. Officials in President Donald Trump’s administration, including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow, […]
By Ritu, Capital Sands European stock markets pushed higher Friday, helped by a lessening of tensions between China and the U.S. ahead of key employment data. At 4 AM ET (0800 GMT), the DAX in Germany traded 0.8% higher, and France’s CAC 40 rose 0.6%. The U.K.’s FTSE index was closed due to a holiday. China’s Vice Premier Liu He talked with U.S. Trade Representative Robert […]
By Administrator_India Capital Sands The dollar slipped on Friday as investors defied a broader sense of doom around upcoming U.S. employment data and found reasons to buy riskier currencies with more governments slowly reopening their economies for business. The greenback was undermined by a further hit to its yield attraction as U.S. money markets priced in a small chance of […]
By Administrator_India Capital Sands Indian troops killed four militants in gun battles in Kashmir on Wednesday, including the commander of the biggest separatist group fighting New Delhi, a police official said, triggering clashes across the disputed region that left dozens injured. Hundreds of Indian soldiers launched an operation late on Tuesday after receiving intelligence that Hizbul Mujahideen commander Riyaz Naikoo […]
By Ritu, Capital Sands European stock markets traded slightly lower Wednesday amid weak economic data, while better than expected earnings helped the U.K. to outperform. At 4:35 AM ET (0835 GMT), the DAX in Germany traded 0.1% lower, France’s CAC 40 fell 0.2%, while the U.K.’s FTSE 100 index traded up 0.7%. German factory orders slumped 15.6% in March to their lowest level since records began […]
By Administrator_India Capital Sands The yen scaled a three-year high against the euro and a seven-week peak on the dollar on Wednesday after a court decision challenging German participation in Europe’s stimulus program and worries about a bumpy global recovery spooked investors. Germany’s highest court on Tuesday gave the European Central Bank three months to justify purchases under its bond-buying […]
By Ritu, Capital Sands The Bundesbank must stop buying government bonds under the European Central Bank’s long-running stimulus scheme within three months unless the ECB can prove those purchases are needed, Germany’s top court ruled on Tuesday. The ruling deals a blow to a scheme, called Public Sector Purchase Programme, that has kept the euro zone’s economy afloat during several […]
By Administrator_India Capital Sands The U.S. Treasury Department on Monday said it plans to borrow nearly $3 trillion in the second quarter of 2020 – more than five times larger than the previous record – as the federal government spends at a frantic pace to mitigate the impact of the coronavirus on the U.S. economy. In a statement, Treasury said […]
By Administrator_India Capital Sands U.S. President Donald Trump said on Sunday he now believes as many as 100,000 Americans could die in the coronavirus pandemic, after the death toll passed his earlier estimates, but said he was confident a vaccine would be developed by the year’s end. Trump alternated during a two-hour virtual town hall broadcast by FOX News between […]
By Ritu, Capital Sands British manufacturers suffered the biggest fall in output and orders for at least three decades in April, as measures to slow the spread of the new coronavirus sent the economy into a steep downturn, a survey showed on Friday. April’s final IHS Markit/CIPS Manufacturing Purchasing Managers’ Index confirmed the bleak picture painted in a flash estimate […]
By Administrator_India Capital Sands The coronavirus crisis sent South Korean exports plunging in April at their sharpest pace since the global financial crisis, signaling a bleak outlook for international trade as the pandemic paralyzes the world economy and shatters demand. Exports dived 24.3% year-on-year in April, trade ministry data showed on Friday, the worst contraction since May 2009 but slightly […]
By Administrator_India Capital Sands The dollar nursed losses on Thursday after the U.S. Federal Reserve left the door open to more monetary easing and dampened expectations for a quick economic recovery from the coronavirus pandemic. The greenback was also weighed down as signs the pandemic is receding in other countries and reduced safe-haven demand for holding funds in dollars. Additionally […]
By Ritu, Capital Sands European stock markets edged higher Wednesday, with investors cautiously optimistic ahead of key central bank meetings and as the earnings season continues. At 4:15 AM ET (0815 GMT), the U.K.’s FTSE index traded 0.7% higher, France’s CAC 40 was down 0.2%, while the DAX rose 0.1%. The broader based Stoxx 600 Europe index climbed 0.1%. The Federal Reserve is set to finish its two-day […]
By Administrator_India Capital Sands Australian inflation accelerated to its highest in over five years last quarter, data showed on Wednesday, but the long-desired pick-up is likely to be fleeting in the face of a coronavirus lockdown and collapsing energy prices. The headline consumer price index (CPI) rose 0.3% in the first quarter, from the previous quarter, lifting annual inflation to […]
By Administrator_India Capital Sands European stock markets traded largely unchanged Tuesday, with investors wary of getting too involved ahead of key central bank meetings, against a background of weak earnings from the financial and oil sectors. At 3:35 AM ET (0735 GMT), the U.K.’s FTSE index traded flat, France’s CAC 40 was down 0.1%, while the DAX up 0.1%. The broader based Stoxx 600 Europe index climbed 0.3%. […]
By Administrator_India Capital Sands The Australian dollar tested six-week highs on Tuesday, as signs of progress in re-opening economies helped the risk-sensitive currency recoup most of the panic selling seen in March, and as the greenback nursed overnight losses. The Aussie has rallied more than 17% from last month’s 17-year low and overnight rose through resistance around $0.6445. It drifted down […]
By Administrator_India Capital Sands European stock markets posted strong gains Monday, with investors boosted by the news of more central bank largesse and of major economies taking steps towards reopening as the Covid-19 pandemic eases. Standard & Poor’s decision not to downgrade Italy after the close on Friday is also helping. At 4 AM ET (0800 GMT), the U.K.’s FTSE index traded […]
By Administrator_India Capital Sands Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to catch up with the collapse in demand from the coronavirus pandemic. U.S. oil futures led losses after U.S. crude inventories rose to 518.6 million barrels in the week to April 17, […]
By Administrator_India Capital Sands India stocks were lower after the close on Friday, as losses in the Real Estate, Banking and Metals sectors led shares lower. At the close in NSE, the Nifty 50 fell 1.71%, while the BSE Sensex 30 index declined 1.68%. The best performers of the session on the Nifty 50 were Reliance Industries Ltd. , which rose 4.00% or 54.90 points to trade at 1425.80 at […]
By Administrator_India Capital Sands The dollar was headed for its best week since early April on Friday, as tumbling oil prices weighed on commodity currencies and division over Europe’s emergency fund dragged on the euro. The dollar stands near a two-and-a-half-week high against a basket of currencies and is 0.8% stronger for the week. It is up nearly 3% against […]
By Administrator_India Capital Sands Saudi Arabia is exploring re-routing millions of barrels of oil on board tankers sailing to the United States if President Donald Trump decides to block imports of crude from the kingdom, shipping, and trade sources said. Some 40 million barrels of Saudi oil are on their way to the United States and due to arrive in […]
By Ritu, Capital Sands European stock markets pushed higher Wednesday amid signs the region’s economic shutdown may be coming to an end, but turmoil in the oil market continued to demand a degree of caution.. At 4 AM ET (0800 GMT), the U.K.’s FTSE index traded 1% higher, France’s CAC 40 was up 0.5%, while the DAX rose 1%. The broader based Stoxx 600 Europe index climbed 1%. […]
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 […]
By Administrator_India Capital Sands European stock markets sold off Tuesday, weighed by losses in the energy sector as investors react to the price of oil turning negative overnight. At 4:25 AM ET (0825 GMT), the U.K.’s FTSE index traded 1.5% lower, France’s CAC 40 was down 2.1%, while the DAX fell 2.2%. The broader based Stoxx 600 Europe index dropped 1.4%. The price of a barrel of West […]
By Administrator_India Capital Sands The U.S. Treasury Department said on Monday it had disbursed $2.9 billion in initial payroll assistance to 54 smaller passenger carriers and two major passenger airlines, while it finalized grant agreements with six major airlines. The Treasury is initially giving major airlines 50% of funds awarded and releasing the rest in a series of payments. In […]
By Administrator_India Capital Sands India stocks were mixed after the close on Monday, as gains in the IT, Technology and Oil & Gas sectors led shares higher while losses in the Metals, Fast Moving Consumer Goods and Auto sectors led shares lower. At the close in NSE, the Nifty 50 declined 0.05%, while the BSE Sensex 30 index added 0.19%. The best performers of the session on the Nifty 50 were Yes Bank Ltd. , […]
By Administrator_India Capital Sands Japan’s exports slumped the most in nearly four years in March as U.S.-bound shipments, including cars, fell at the fastest rate since 2011, highlighting the damage the coronavirus pandemic is inflicting on global demand and trade. Monday’s bleak data underscored the challenges Prime Minister Shinzo Abe’s government faces in dealing with a collapse in an activity […]
By Administrator_India Capital Sands Asian stock markets managed to hold onto earlier gains on Friday as China’s economy reported its first contraction since 1992. China reported earlier in the day that its gross domestic product in the first quarter shrank by 6.8% year-on-year. Chinese industrial production fell 1.1% year-on-year in March, less than the predicted 7.3%, as the country slowly increased its production capacity after months of lockdown to stem the spread of the […]
By Administrator_India Capital Sands India has brought charges of culpable homicide not amounting to murder against the chief of a Muslim seminary for holding a gathering last month that authorities say led to a big jump in coronavirus infections, police said on Thursday. The headquarters of the Tablighi Jamaat group in a cramped corner of Delhi were sealed and thousands […]
By Administrator_India Capital Sands National carrier Air India, which along with its regional subsidiary Alliance Air is a major player in the LifeLine Udan Scheme, said it has carried over 170 tonnes of coronavirus-related medical cargo from Shanghai and Hong Kong in the last 10 days. The scheme is an initiative of the central government for air transport of medical […]
By Administrator_India Capital Sands India stocks were lower after the close on Wednesday, as losses in the Banking, Auto and Consumer Durables sectors led shares lower. At the close in NSE, the Nifty 50 lost 0.76%, while the BSE Sensex 30 index declined 1.01%. The best performers of the session on the Nifty 50 were UPL Ltd. , which rose 8.02% or 26.05 points to trade at 351.00 at the […]
By Administrator_India Capital Sands Britain’s economy could shrink by 13% this year due to the government’s coronavirus shutdown, its deepest recession in three centuries, and public borrowing is set to surge to a post-World War Two high, the country’s budget forecasters said. In the April-June period alone, the economic output could plunge by 35%, with the unemployment rate more than […]
By Administrator_India Capital Sands European stock markets pushed mostly higher Tuesday, as traders returned from the Easter break hopeful the coronavirus outbreak may be peaking. At 3:35 AM ET (0735 GMT), the DAX in Germany rose 1.1%, France’s CAC 40 was up 0.5%, while the FTSE 100 in the U.K. underperformed, falling 0.1%. The broader based Stoxx 600 Europe index climbed 0.8%. The number of confirmed cases of […]
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By Administrator_India Capital Sands Asian stock markets were up on Tuesday with modest gains despite the economic uncertainty unleashed by the COVID-19 pandemic. Japan’s Nikkei 225 rose 1.89%. Conglomerate Softbank Group saw its shares gain 2.95% as they rallied from an earlier drop of more than 3% the day before. The company announced that its Vision Fund expected to see a loss of JPY 1.8 trillion ($16.69 billion) for the 2019 fiscal year due to a “deteriorating market environment.” China’s Shanghai […]
By Administrator_India Capital Sands India and Pakistan are planning to partially open up some parts of the economy, officials in the two countries said on Monday, as the costs of harsh lockdowns to limit the outbreak of the coronavirus mount across the region. Indian officials said the number of coronavirus cases in the country increased to 9,152 on Monday, including […]
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By Administrator_India Capitals Sands Commodity currencies slipped against their safe-haven rivals such as the dollar and yen on Monday as a record output cut agreed by OPEC and other oil-producing nations failed to offset broader concerns about slumping global demand. The greenback drifted higher against its Australian and New Zealand counterparts, widely seen as barometers for market risk, in a […]
By Ritu, Capital Sands The huge cost of the coronavirus pandemic is upending Japan’s seven-year experiment to rescue the economy from its debt timebomb, as recession fears prompt calls for “helicopter money” – unlimited spending bankrolled by the central bank. Days after Prime Minister Shinzo Abe launched a nearly $1 trillion stimulus package to battle the pandemic’s financial fallout, some […]
By Administrator_India Capital Sands Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt. JPMorgan Chase & Co, Wells Fargo & Co, Bank of America Corp and Citigroup Inc are each in the process of […]
By Ritu, Capital Sands European stock markets pushed higher Thursday, as investors took in the strong gains on Wall Street overnight but remained cautious ahead of the resumption of talks on how to fund the massive government borrowing needed to support the region’s economy through the crisis. At 3:35 AM ET (0735 GMT), the U.K.’s FTSE index traded 3.4% higher, France’s CAC 40 was […]
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 […]
By Administrator_India Capital Sands The Chinese city where the coronavirus epidemic first broke out, Wuhan, ended a two-month lockdown on Wednesday, allowing people to leave the city, if they were healthy, amid concerns of a second wave of infections as cases in mainland China rose. China sealed off the city of 11 million people in late January to stop the […]
By Ritu, Capital Sands European stock markets have pushed firmly higher Tuesday, as investors anticipate more financial aid to help bolster the region’s battered economies. The EU’s finance ministers will be in focus Tuesday as they meet to try and agree a list of measures to mitigate the impact of the coronavirus on the region’s economies. If enough headway is […]
By Administrator_India Capital Sands Japanese Prime Minister Shinzo Abe is set to announce a state of emergency on Tuesday for the capital Tokyo and six other prefectures to stem a worrying rise in coronavirus infections in major population centers. The government is also planning to finalize a massive stimulus package worth 108 trillion yen ($990 billion) – equal to 20% […]
By Ritu, Capital Sands European stock markets posted strong gains Monday, helped by signs of a slowdown in coronavirus-related deaths in the region, and by expectations of more financial aid to help bolster its battered economies. At 03:45 AM ET (0745 GMT), the U.K.’s FTSE index traded 2.6% higher, France’s CAC 40 was up 3.3%, while the DAX rose 3.9%. The broader-based Stoxx 600 Europe index climbed 2.6%. […]
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 […]
By Ritu, Capital Sands European stock markets traded in tight ranges Thursday, after Wednesday’s sharp losses to start the month, with the tone remaining cautious as investors awaited key U.S. unemployment data later. At 3:55 ET (0755 GMT), the U.K.’s FTSE index traded 0.4% higher, France’s CAC 40 was up 0.2%, while the DAX fell 0.2%. The broader based Stoxx 600 Europe index was flat. The three […]
By Administrator_India Capital Sands The dollar held gains on Thursday as investors rushed to the security of the world’s most liquid currency as the coronavirus pandemic caused massive disruptions to global trade. The dollar index against a basket of major six currencies gained 0.53% overnight as the U.S. currency advanced against most of its major peers except for the safe-haven yen. […]
By Ritu, Capital Sands The world’s biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia and Russia. Cuts already announced by eight major oil companies, including Saudi Aramco and Royal Dutch Shell , […]
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 […]
By Ritu, Capital Sands European stocks inched higher on Tuesday with investors buying into defensive sectors as they awaited further signs that the economy could weather the fallout from a near total global shutdown to curtail the spread of the coronavirus pandemic. The pan-European STOXX 600 index was up 1.1% at 0706 GMT, with real estate stocks , utilities and […]
By Administrator_India Capital Sands Asian stock markets made modest gains as China announced a higher-than-expected Purchasing Manager’s Index data. China’s Shanghai Composite gained 0.41%, while Shenzhen Component was up 1.26% after data showed the country’s March manufacturing PMI came in at 52.0, compared with the record low of 35.7 last month. Analysts had expected a PMI of 45, according to the data compiled. […]
By Administrator_India Capital Sands Oil took another eyewatering 8% tumble on Monday and world shares buckled again as fears mounted that the global coronavirus shutdown could last for months. There were some bright spots, with Australian equities posting a standout jump as the government launched a super-sized support programme, but that was about it. Japan’s Nikkei had led the rest of […]
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 […]
By Administrator_India Capital Sands European stock markets traded lower Friday, with investors taking stock after recent hefty gains and as the coronavirus pandemic continues to reap damage throughout the region. At 04:10 ET (0510 GMT), the U.K.’s FTSE index was trading 3.9% lower, France’s CAC 40 was down 3.0%, while the DAX fell 1.9%. The broader based Stoxx 600 Europe index dropped 2.5%. The benchmark Stoxx 600 […]
By Administrator_India Capital Sands Asian stock markets were up on the last trading day of the week despite drops in Chinese industrial profits and a huge rise in U.S. jobless claims. China’s National Bureau of Statistics reported that industrial profits for January and February dropped 38.3% year on year, compared to a 6.3% drop in December 2019. The steepest drop […]
By Administrator_India Capital Sands The euro has posted gains Thursday amid talk of a new debt instrument to combat the coronavirus outbreak as the death toll rises and the economic damage becomes more stark. At 4:10 ET (0810 GMT), EUR/USD traded at 1.0938, up 0.5%. Elsewhere, the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at […]
By Administrator_India Capital Sands A two-day equities rally lost momentum on Thursday, and investors sold riskier currencies, as stimulus negotiations dragged on in Washington and investors fretted over a likely spike in U.S. jobless claims. MSCI’s broadest index of Asia-Pacific shares outside Japan wobbled either side of flat. Japan’s Nikkei slumped 4% and U.S. stock futures fell 1%. The dollar climbed around […]
By Administrator_India Capital Sands European stock markets pushed firmly higher Wednesday, with investors breathing a sign of relief that U.S. policymakers have managed to come together to deliver a massive rescue package to bolster the country’s beleaguered economy. At 03:50 ET (0850 GMT), the U.K.’s FTSE index was trading 4.2% higher, France’s CAC 40 was up 3.9%, while the DAX rose 3.0%.The broader based Stoxx 600 Europe index […]
By Administrator_India Capital Sands At least two more New York Stock Exchange floor traders tested positive for the coronavirus on Tuesday despite measures taken to prevent people infected by the virus from entering the exchange while it remained physically open last week. Given the possibility of exposure, and consistent with local, state, and federal government guidance, we recommend that all […]
By Administrator_India Capital Sands European shares attempted another rebound on Tuesday as a fresh wave of monetary and fiscal stimulus halted a global selloff in equity markets, but growing evidence of the economic damage from the coronavirus pandemic kept investors on edge. In a co-ordinated global effort to stabilize financial markets in one of the biggest routs on record, Germany […]
कोरोना वायरस के खतरे को देखते हुए ज्यादातर लोग घर से काम कर रहे हैं. लेकिन, कई ऐसे भी लोग हैं, जिनकी कमाई फिलहाल बंद हो गई है | बिजनेसमैन से लेकर नौकरीपेशा तक परेशान है. ऐसे लोगों के लिए वर्क फ्रॉम होम काफी फायदेमंद है. ‘वर्क फ्रॉम होम’ यानी घर से काम, ये वो कीवर्ड है जो भारत में […]
By Admininstrator_India Capital Sands In undertaking what will undoubtedly be its largest rescue effort ever, the Federal Reserve on Monday announced programs that represent a never-before-seen intervention by the central bank into the heart of the “real” American economy. Chair Jerome Powell and his colleagues, in a desperate gambit to prevent outright economic calamity during the coronavirus pandemic, are on […]
By Ritu, Capital Sands Indian authorities are considering allowing corporate bonds as collateral for repurchase operations as they seek to cool the recent spike in corporate borrowing costs in the wake of the coronavirus outbreak. “We have to work it out. Under the RBI Act, we are not allowed to take any other collateral other than government securities. But we […]
By Administrator_India Capital Sands Asian markets took sharp tumbles across the board Monday morning as the number of COVID-19 cases rose sharply around the world over the weekend. Globally, there are now 294,110 confirmed cases and 12,944 deaths as of March 22 according to the World Health Organisation. The S&P/ASX 200 led losses with a tumble of 7.34%. China’s Shanghai Composite lost 2.84% […]
By Ritu, Capital Sands European stock markets surged higher Friday, helped by strong gains in the energy sector after oil prices bounced back. At 03:55 ET (0855 GMT), the U.K.’s FTSE index was trading 2.3% higher, France’s CAC 40 and the DAX were up 4.8%. The pan-eurozone index, the Euro Stoxx 50, gained 4.5%. Additionally, U.S. crude futures traded 6.6% higher at $27.62 a barrel, after soaring 24% Thursday. […]
By Administrator_India Capital Sands China’s aviation regulator has asked airlines to cut international flights and ordered some Beijing ones to be rerouted, as the country grapples with a rising number of imported coronavirus cases, especially in the capital. The regulator said in a statement on Thursday some international flights of Chinese carriers scheduled to arrive in Beijing in the coming days would […]
By Ritu, Capital Sands European stock markets are expected to edge lower Thursday, with investors still contemplating the possibility of several months of declining economic activity despite an increasingly robust policy response that reached a new high late on Wednesday as the European Central Bank unveiled its biggest anti-crisis program yet. The European Central Bank launched a 750 billion euro […]
By Administrator_India Capital Sands Thailand, one of Asia’s worst major equity markets this year, has suffered from the trade war, a severe drought and a delay in the government’s budget. Yet worse may lie ahead as the coronavirus pandemic triggers closures of cinemas, schools, sports clubs, gymnasiums and restaurants, with many people working from home. Southeast Asia’s second-largest economy has […]
By Ritu, Capital Sands Panic buying by British shoppers escalated on Wednesday with shelves stripped bare by alarmed customers hoarding for the coronavirus isolation, prompting Tesco and Sainsbury’s to restrict purchases. Prime Minister Boris Johnson, who has faced criticism for acting too slowly and too cautiously to tackle the coronavirus outbreak, said on Tuesday that there was no reason to stockpile […]
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 […]
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 […]
By Ritu, Capital Sands For years, Hindus and Muslims lived and worked peacefully together in Yamuna Vihar, a densely populated Delhi district. But the riots that raged through the district last month appear to have cleaved lasting divisions in the community, reflecting a nationwide trend as tensions over the Hindu nationalist agenda of Prime Minister Narendra Modi boil over. Many […]
By Administrator_India Capital Sands Asian markets continued their rollercoaster ride on Monday morning in the aftermath of a big rally in U.S. markets Friday while digesting data from China that showed huge falls on industrial production, retail sales and investment. Wall Street rallied strongly on Friday, with the Dow Jones Industrial Average closing up by 9.36%, theS&P 500 gained 9.29% and the NASDAQ Composite 9.35%. But the rally did […]
By Ritu, Capital Sands Emerging signs of a rush for dollars in the global financial system have spurred calls for the world’s central banks to use a key tool deployed during the credit crisis more than a decade ago: currency swap lines. The Bloomberg Dollar Spot Index climbed more than 1% for the second time this week on Thursday, reaching […]
By Administrator_India Capital Sands India’s current account deficit (CAD) narrowed further in the October-December quarter on the back of a contraction in the trade deficit and rise in net services receipts, the central bank said on Thursday. The CAD declined to 0.2% of gross domestic product in the three months, the third quarter of the 2019/20 fiscal year, from 2.7% […]
By Ritu, Capital Sands The Indian stock market plunged into bear territory on Thursday, with the blue-chip Nifty 50 sliding to its lowest in over 2-1/2 years, after the coronavirus outbreak was termed a pandemic and the United States suspended travel from Europe. The NSE Nifty 50 index and S&P BSE Sensex fell over 7.5% each to 9,648.65 and 32,990.01, […]
By Administrator_India Capital Sands Gold prices rose on Wednesday after a steep fall in the previous session, as doubts about a stimulus package proposed by U.S. President Donald Trump to soften the economic impact of the coronavirus epidemic weighed on risk sentiment. Spot gold was up 0.4% at $1,656.37 per ounce, having fallen nearly 2% on Tuesday on hopes for […]
By Administrator_India Capital Sands Japanese homes extended their frugal spell for a fourth straight month in January as an earlier sales tax hike and a warmer winter kept wallets shut, adding to headaches for firms as they struggle with the growing hit to business from the coronavirus. The world’s third-largest economy is trying to cushion the blow to output and […]
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 […]
By Administrator_India, Capital Sands Indian debt markets have priced in a 25 basis points rate cut by the Reserve Bank of India (RBI) at its April policy meeting or even sooner, but some economists remain circumspect and warn the rally in bond yields could prove premature. The benchmark 10-year bond yield dropped as much as 13 basis points on Wednesday […]
By Administrator_India, Capital Sands European shares rose on Wednesday as investors hoped the European Central Bank and euro zone governments would green light stimulus measures after the U.S. Federal Reserve cut interest rates in an emergency move. The Fed’s 50 basis points cut on Tuesday caught Wall Street off guard as it magnified the economic impact of the coronavirus and […]
By Administrator_India, Capital Sands India, the world’s main supplier of generic drugs, has restricted the export of 26 pharmaceutical ingredients and the medicines made from them, including Paracetamol, a common pain reliever also sold as acetaminophen, as the coronavirus outbreak plays havoc with supply chains. The Indian government urged calm and said there were enough stocks to manufacture formulations for […]
By Ritu, Capital Sands India’s housing market is likely to struggle throughout 2020 as sluggish demand and a weak economic outlook overpower recent government measures efforts to boost activity, a Reuters poll of market experts found. House prices rose 5.7% on average in 2018, the weakest since comparable records began in 2010, and data available for last year suggest a […]
By Administrator_India, Capital Sands Japanese Prime Minister Shinzo Abe said on Tuesday his government was ready to deploy further fiscal stimulus measures if needed to protect the country’s already fragile economy from the negative effects of the coronavirus. Abe, who has come under fire for his handling of the crisis, has pledged to focus over the next couple weeks on […]
By Ritu, Capital Sands India’s factory activity growth slowed in February from the previous month’s eight-year high due to a modest weakening in demand and output, although overall conditions remained firm, a private survey showed on Monday. The Nikkei Manufacturing Purchasing Managers’ Index, compiled by IHS Markit, fell to 54.5 last month from January’s 55.3, above a Reuters poll forecast […]
By Administrator_India, Capital Sands New York state confirmed its first positive coronavirus test, Governor Andrew Cuomo said on Sunday night, as the U.S. government said it would start screening travelers for the virus and hike production of protective masks. Cuomo said on Twitter that a woman in her 30s contracted coronavirus during a recent trip to Iran and was in […]
By Ritu, Capital Sands European shares dove 3% on Friday, sliding deeper into correction territory, as investors feared a global recession is on the horizon with the coronavirus spreading across the world. The pan-regional STOXX 600 was on track to record its biggest weekly decline since the height of the global financial crisis in 2008. The index entered correction levels […]
By Administrator_India, Capital Sands Japan’s vice minister of justice is traveling to Lebanon this weekend to try to make the case that fugitive ex-Nissan Chairman Carlos Ghosn should stand trial in Japan. Hiroyuki Yoshiie will leave Tokyo on Saturday and meet with Lebanese justice minister Albert Serhan on Monday, Japan’s justice ministry said. The former leader of the Renault Nissan auto […]
By Ritu, Capital Sands The dollar extended losses on Thursday, falling to two-week lows against a currency basket as the first confirmed coronavirus case of unknown origin in the U.S. heightened fears of a pandemic. The dollar fell 0.4% to 109.94 yen , extending a pullback from a 10-month high of 112.23 yen reached on Feb. 20. The dollar was down 0.5% to […]
By Administrator_India, Capital Sands The Bank of Japan should review its monetary policy framework to re-examine its tools for propping up inflation, one of its board members said on Thursday, as the fallout from the coronavirus outbreak risks tipping the economy into recession. Goushi Kataoka, one of the most dovish members of the BOJ board, said the government and the […]
By Ritu, Capital Sands The new program is open to Microsoft co-sell enabled startups associated with the company. Microsoft on February 24 launched a new program to bring 100 companies to commit $100,000 (Rs 71,83,455) each for enterprise-ready solutions from 100 business-to-business (B2B) startups in the Software-as-a-Service (SaaS) space in India over the course of 18 months. Called the “100X100X100” […]
By Administrator_India, Capital Sands New finance minister Rishi Sunak should resist the urge to rewrite Britain’s fiscal rules ahead of the budget next month and he should make plain that any spending increases will mean more tax, a think-tank said on Wednesday. Sunak will deliver the first post-Brexit budget, which is expected to entail a big increase in spending, on […]
By Ritu, Capital Sands Shrinking exports held back German economic activity in the fourth quarter of last year, detailed data showed on Tuesday, confirming that Europe’s largest economy was stagnating even before the coronavirus outbreak began. Germany’s export-dependent manufacturers are being hit by a slowing world economy and increased business uncertainty linked to tariff disputes and Britain’s exit from the […]
By Administrator_ India, Capital Sands The Dow and S&P suffered their biggest daily loss in two years on Monday, paced by a selloff in energy and tech stocks on worries about a potential corona-virus pandemic outbreak. The S&P 500 tumbled 3.35%, Nasdaq Composite lost 3.71% and the Dow Jones Industrial Average fell 3.56%, or 1,032 points. The World Health Organization warned that a “sudden increase in […]
By Ritu, Capital Sands The dollar regained ground against a currency basket on Monday as a surge in new cases of coronavirus globally, most notably in Italy, renewed concerns over the economic impact of the outbreak. Authorities in Italy imposed a quarantine in the north of the country to try to halt what is the largest outbreak of the virus […]
By Administrator_India, Capital Sands President Donald Trump on Sunday accused Representative Adam Schiff of leaking classified information on Russian interference in the 2020 U.S. election to hurt Democratic presidential front-runner Bernie Sanders. Speaking to reporters as he left the White House for a trip to India, Trump said he had not been briefed on intelligence that Russia was aiming to […]
Reportedly the education industry is worth over Rs. 12,000 crores worldwide. Reportedly Sounds similar but both captioned organizations are different (https://www.ieindia.org/andhttp://iieinstitution.com/ are not the same). MHRD should come out with a detailed statement on which is best Institution. Otherwise, lakhs of students will get duped in India and abroad. MHRD Notification recognizing 15 courses of Sections A & B Examinations as revised, conducted […]
By Ritu, Capital Sands The safe haven yen was trading close to nine-month lows against the dollar on Thursday as risk appetite was underpinned by expectations that China will continue with steps to offset the economic impact of the coronavirus epidemic. The dollar was trading at 111.69 against the Japanese currency , not far from the highest level since May 2019. […]
By Administrator_India, Capital Sands A meeting of U.S. government officials to discuss further curbs on exports to Huawei and China is still on for Thursday, two sources said, despite push back from President Donald Trump against the restrictions. The deputy-level meeting was called to discuss proposals including possible new restrictions on sales of chips made abroad to China’s blacklisted Huawei […]
By Ritu, Capital Sands The U.S. dollar continues to gain fans Wednesday, with China’s coronavirus continuing to batter economies in Asia, Europe showing very few signs of growth while the U.S. economy exhibits a reasonably healthy glow. EUR/USD traded at 1.0798, after pushing as low as $1.0786 for the first time since April 2017. The U.S. Dollar Index, which tracks the greenback […]
By Administrator_India, Capital Sands USD/JPY rises to the highest levels in four days. Risk reset, downbeat data from Japan seem to have contributed to the pair’s run-up. Coronavirus continues to weigh on the market’s trade sentiment. US data, Chinese headlines will offer near-term direction. USD/JPY takes the bids to 110.00 during early Wednesday. The risk barometer recently benefited from the uptick […]
By Ritu, Capital Sands World stocks markets were knocked off record highs on Tuesday as two of the world’s mega companies reported damage from the coronavirus outbreak. Apple’s stock fell almost 6% in Frankfurt and all Europe’s main markets fell after the iPhone maker warned it was unlikely to meet the March quarter sales guidance it had set just three […]
By Administrator_India, Capital Sands Hong Kong leader Carrie Lam on Tuesday increased a relief fund to tackle the impact of the coronavirus outbreak as she urged residents to accept the government’s quarantine plans for returning passengers from a cruise ship stranded in Japan. Lam said the government would increase handouts to tackle the outbreak to HK$28 billion ($3.60 billion) from […]
By Ritu, Capital Sands Beleaguered Indian wireless carrier Vodafone Idea will pay 35 billion rupees ($490 million) in telecoms dues to the federal government by Feb. 21, a lawyer for the company said on Monday. Hopes that Vodafone Idea could outlive the financial squeeze due to the outstanding dues payments helped its shares gain as much as 23.5% on Monday, their […]
By Administrator_India, Capital sands China has approved the import of all poultry and poultry products from the United States, the Ministry of Agriculture and Rural Affairs said on its website on Monday. Beijing had previously banned all trade in poultry products from the United States due to outbreaks of avian influenza there. It has allowed the import of chicken meat […]
By Ritu, Capital Sands Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes in different countries, Politico reported, citing excerpts of a speech he is due to give on Saturday. Cross-border tax rules are set to be rewritten after 137 states sought last month to avoid a new […]
By Administrator_India, Capital Sands Shortages and potential price increases of generic drugs from India loom if the coronavirus outbreak disrupts suppliers of pharmaceutical ingredients in China past April, according to industry experts. An important supplier of generic drugs to the world, Indian companies procure almost 70% of the active pharmaceutical ingredients (APIs) for their medicines from China. Optimism that the […]
By Ritu, Capital Sands The euro fell to a four-and-a-half-year low against the Swiss franc on Thursday and the yen gained as investors sought safe havens after China’s Hubei province, the epicentre of the coronavirus outbreak, reported a sharp increase in the number of new cases. Using a new method of diagnosis, the province reported on Thursday 14,840 new cases […]
By Administrator_India, Capital Sands More than two dozen diplomats are visiting Indian-administered Kashmir, New Delhi said on Wednesday, as the country tries to reassure foreign allies following several months of unrest in the contested territory. The group includes European diplomats, some of whom declined a previous invitation from New Delhi to visit the region. A proposed vote in the European […]
By Ritu, Capital Sands Gold prices edged lower on Wednesday as new coronavirus cases fell and risk appetite improved, although uncertainty over the economic impact of the outbreak still underpinned bullion. Spot gold XAU= edged 0.2% lower to $1,564.15 per ounce by 0818 GMT. U.S. gold futures were down 0.2% at $1,567.50. While the death toll exceeded 1,100, China’s foremost […]
By Administrator_India, Capital Sands Asian markets were mixed in morning trade on Wednesday as investors digested the latest views from U.S. Federal Reserve Chairman Jerome Powell. China’s Shanghai Composite slipped 0.1% by 10:01 PM ET. The Shenzhen Component gained 0.6%. Hong Kong’s Hang Seng Index also rose 0.5%. Japan’s Nikkei 225 traded 0.6% higher after returning from a holiday. Softbank Group Corp. (T:9984)’s stock skyrocketed as […]
By Administrator_India, Capital Sands. The U.S. dollar and Japanese yen were in demand on Tuesday, along with the bonds of both countries, as worries about the spread of coronavirus had investors heading for safe harbors. The World Health Organization said overnight that the spread of cases among people who have not been to China could be “the spark that becomes […]
By Ritu, Capital Sands The Chinese yuan pushed higher Monday on the back of stronger-than-expected local inflation data, but a solid jobs report on Friday coupled with weaker economic numbers in Europe mean the U.S. dollar is likely to stay strong in the near term. USD/CNY traded at 6.9810, 0.26% lower, after falling as low as 6.9774 earlier Monday, while the U.S. Dollar Index that […]
By Administrator_India Capital Sands Asian markets were mixed on Monday morning, with Chinese stocks rebounding after data showed China’s producer prices gained 0.1% year-on-year, which was the first pickup since May 2019. Factory-gate prices were previously expected to rise 0.1% from a year earlier, compared with a 0.5% drop in December. Consumer prices also gained 5.4% year-on-year compared with an expected 4.9% rise […]
By Administrator_India, Capital Sands Gold prices were steady on Friday after two days of gains as share markets lost ground, with the coronavirus that originated in Wuhan, China, showing no signs of slowing down, escalating fears of a broader impact on economic growth. The metal, however, was still on track for its biggest weekly decline in three months as strong […]
By Administrator_India, Capital Sands Indian Prime Minister Narendra Modi and his party this week face their first electoral test since deadly anti-government protests erupted nearly two months ago, with the divisive turmoil likely to win them votes at polls in the capital.Modi’s Hindu-nationalist Bharatiya Janata Party (BJP) won a bigger majority in a general election in May, but it has […]
By Administrator_India, Capital Sands China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 deal that brought a truce to a bruising trade war between the world’s two largest economies. While the announcement reciprocates the U.S. commitment under the deal, it is also seen by analysts as […]
By Administrator_India, Capital Sands The battered Indian rupee will weaken further against the dollar over the coming year as a significant pickup in economic growth is unlikely, While Reserve Bank of India Governor Shaktikanta Das has said reviving growth was a ‘national objective’ in coordination with the government, the latest budget provided only minimal support to the slowing economy. “We […]
By Administrator_India, Capital Sands India’s dominant service industry began 2020 in a buoyant mood as activity accelerated in January at the fastest pace in seven years on strong domestic demand, a private survey showed on Wednesday. The results would likely bring some relief for markets and policymakers after only modest spending increases in a recent budget had disappointed investors looking […]
By Administrator_India, Capital Sands Bharti Airtel Ltd reported its third straight quarterly loss on Tuesday, as India’s third-largest telecom firm booked 10.50 billion rupees ($147 million) in charges related to spectrum fee payments and write-downs of network equipment. The company reported a loss of 10.35 billion rupees ($145 million) for the three months ended Dec. 31, compared with a profit […]
By Administrator_India, Capital Sands Punjab National Bank on February 4 reported a standalone net loss of Rs 492.3 crore for Q3FY20 against a profit of Rs 246.50 crore in Q3FY19.The public-sector lender missed Street estimates by a wide margin. A CNBC-TV18 poll has estimated a profit of Rs 967.7 crore. Net interest income came at Rs 4,355 crore against the […]
By Administrator_India, Capital Sands The Reserve Bank of India is likely to keep monetary policy accommodation without cutting interest rates at a policy meeting on Thursday, economists said, as inflation is above target and the economy has shown possible signs of recovery from its worst slowdown in more than a decade. The central bank’s monetary policy committee (MPC) cut rates […]
By Administrator_India, Capital Sands New Zealand is bracing for the coronavirus to hit its tourism industry and dent economic growth. The isolated South Pacific nation may suffer a bigger economic impact than others because tourism is its largest export earner and China, the source of the outbreak, accounts for about 10% of foreign visitors. It is also vulnerable to slowdowns […]
By Administrator_India, Capital Sands India’s new budget is unlikely to drag Asia’s third- biggest economy out of its worst slowdown in more than a decade as the government has proposed only moderate spending increases and small cuts in personal taxes, economists said on Sunday. They said there was a risk the government might miss its fiscal deficit target for 2020-21 […]
By Administrator_India, Capital Sands The euro fell in early European trading Friday, weighed by signs of weakness in the region’s two largest economies. EUR/USD traded at $1.1027, down 0.1%, while EUR/GBP fell 0.2% to 0.8398. First up, German retail sales slumped 3.3% in December, a much weaker number than expected, suggesting the country’s shoppers reined in their consumption in the final month of […]
By Administrator_India, Capital Sands India’s food ministry has sought more than 2 trillion rupees ($28.1 billion) to run the world’s biggest food welfare program in the fiscal year beginning April 1 But the government is likely to earmark only around 1.90 trillion rupees “The finance ministry may not be able to allocate more than 1.9 trillion rupees in the budget,” […]
By Administrator_India, Capital Sands The Bank of Japan must be ready to issue digital currencies if rapid technical advances in settlement systems boost public demand, its deputy governor said, leaving open the chance of issuing central bank digital currencies (CBDC) in the future. Masayoshi Amamiya said the BOJ had no immediate plans to issue CBDCs as various factors must be […]
By Administrator_India, Capital Sands Prime Minister Narendra Modi’s party has recommended adjusting rules on taxing equity market returns in the upcoming budget on Feb. 1, which if accepted, could attract more capital inflows into the stock markets, a senior party leader said. Financial market participants have been lobbying for scrapping long term capital gains tax (LTCG) on investment in equity […]
By Administrator_India, Capital Sands U.S. House Democrats on Wednesday will unveil a proposed $760 billion infrastructure spending bill over five years that aims to rebuild sagging roads and bridges and reduce carbon pollution. The proposal is also intended to get U.S. President Donald Trump to return to the bargaining table. Trump campaigned in 2016 on boosting infrastructure spending by at […]
By Administrator_India, Capital Sands Prime Minister Narendra Modi’s government is expected to raise spending on infrastructure and cut some personal tax in its 2020/2021 budget, to spur consumer demand and investment, government sources and economists said. India is facing its worst economic slowdown in a decade. Growth slipped to 4.5% in the July-September quarter, worsening the job prospects for millions […]
By Administrator_India, Capital Sands Shares of companies highly exposed to China’s economy tumbled across Asia on Tuesday on rising concern about the impact of global travel bans associated with a new virus outbreak, and even as some stocks involved in preventative health spiked. After the United States and Canada warned against travel to China where the new coronavirus is thought […]
By Administrator_India, Capital Sands Oil futures slipped on Tuesday, extending losses into a sixth session as the spread of a new virus in China and other countries raised concerns about a hit to economic growth and slower oil demand. Brent crude was down 15 cents, or 0.3%, to $59.17, after touching a three-month low on Monday at $58.50. U.S. West […]
By Administrator_India, Capital Sands The death toll from a coronavirus outbreak in China rose to 81 on Monday, as the government extended the Lunar New Year holiday and more big businesses shut down or told staff to work from home in an effort to curb the spread. Chinese Premier Li Keqiang visited the central city of Wuhan, the epicenter of […]
By Administrator_India, Capital Sands Iraqi security forces shot at anti-government protesters in Baghdad on Sunday, killing at least one person, and unidentified men set fire to sit-in tents in a southern Iraqi city, police and medics said, as months-long civil unrest escalated. Separately, at least one of five Katyusha rockets fired at Baghdad’s fortified Green Zone hit the U.S. embassy, […]
By Administrator_India, Capital Sands The euro-area economy continued to trundle along at the beginning of 2020, despite signs of a pickup in Germany. IHS Markit’s composite Purchasing Managers’ Index for the region stayed at 50.9 in January, falling short of the 51.2 median forecast of economists. There was a drag from France, where strikes hit the services sector, which offset an improvement in Germany. Weakness […]
By Administrator_India. Capital Sands Stocks made a barely positive start in early Asian trade on Friday after the world’s health body called it a little too early to declare a coronavirus outbreak a global emergency. But worries over rapid spread of the deadly virus kept investors on guard as millions of Chinese travel during the Lunar New Year holiday period. […]
By Administrator_India, Capital Sands Negative interest rates are a necessity for Switzerland, with recent policy tweaks designed to allow the measure to be maintained or even cut deeper, Swiss National Bank Chairman Thomas Jordan said on Thursday. “We know that negative rates also have side effects, that is the reason why we changed the threshold,” Jordan told CNBC, referring to […]
By Administrator_India, Capital Sands. Soaring temperatures and strong winds stoked bushfires in Australia’s southeast on Thursday, with Sydney forecast to hit 41 degrees Celsius (105.8 Fahrenheit) following a few days of cooler weather. A fire in the Snowy Mountains region and one in the Bega Valley on the south coast of New South Wales (NSW) state both flared up, with […]
By Administrator_India, Capital Sands The Supreme Court declined calls to suspend the implementation of a new citizenship law on Wednesday, deciding that a constitutional bench of five judges was needed to hear all the challenges to legislation that critics say discriminates against Muslims. The court gave Prime Minister Narendra Modi’s government four weeks to respond to 144 petitions challenging the […]
By Administrator_India, Capital Sands President Donald Trump said the United States was watching developments between India and Pakistan over Kashmir “very closely” and was prepared to help if necessary, but did not say how. Speaking ahead of talks with Pakistan Prime Minister Imran Khan on the sidelines of the World Economic Forum, Trump said trade and borders were both critical […]
By Administrator_India, Capital Sands The government’s step to cut corporate tax rate in September 2019 rejoiced the market which was reeling under selling pressure till then. Factors such as IL&FS-led NBFC crisis, rising NPA worries, economic slowdown, US-China trade concerns and high valuations had ruined the sentiment (since January 2018). Nifty50 fell 0.34 percent, while Nifty Midcap index plunged 29 percent and Smallcap cracked […]
By Ritu, Capital Sands The Bank of Japan kept monetary policy steady and nudged up its economic growth forecasts on Tuesday, as the government’s stimulus package and receding pessimism over the global outlook took some pressure off the central bank to top up stimulus. The BOJ also signaled cautious optimism over the global economy, saying that risks surrounding the outlook […]
By Ritu, Capital Sands The U.S. dollar was largely flat in European trading Monday, with the U.S. holiday providing little incentive for traders to take risks. That said, the greenback still looks strong against its main competitors. At 03:35 ET (0835 GMT), the Dollar Index Futures, which tracks the greenback against a basket of other currencies, was essentially flat at 97.40. USD/JPY traded flat […]
By Ritu, Capital Sands Oil and gas companies must boost investment in low carbon energies or face an increasing backlash that could threaten their long-term profits and social acceptance, the International Energy Agency (IEA) said on Monday. In a report with the World Economic Forum presented in Davos, the IEA said oil and gas companies face a critical challenge as […]
By Ritu, Capital Sands The Chinese yuan is flying Friday, climbing to six month highs against the U.S. dollar in the wake of the release of the country’s latest economic growth figures. The USD/CNY pair traded at 6.8598, down 0.3%, while the US Dollar Index Futures, which tracks the greenback against a basket of other currencies, was essentially flat at 97.06. The People’s […]
By Ritu, Capital Sands China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown. But data on Friday also showed the world’s second-largest economy ended the year on a firmer note […]
By Ritu, Capital Sands Chancellor Angela Merkel clinched a deal to kickstart Germany’s stalled coal exit, offering billions in compensation to utilities and coal regions so that closures of plants can start this year. In talks that began Wednesday evening and lasted well into the night, the government hammered out a timeline with coal-state leaders to shut down the country’s […]
By Ritu, Capital Sands The ruble fell on Wednesday after President Vladimir Putin announced the resignation of the Russian government. The announcement comes against the background of speculation that Putin is planning to tweak the constitution to avoid having to leave power when his current term as president ends in 2024. The announcement also comes only days after the ruble […]
By Ritu, Capital Sands A tone of caution prevails in the foreign exchange markets Wednesday, ahead of the signing of the much-awaited trade deal between U.S. and China. the safe-haven yen was slightly firmer against the U.S. dollar, with USD/JPY trading at 109.91, down 0.1%, while the euro was marginally lower against the dollar, with EUR/USD at $1.1120, down less than 0.1%. A preliminary […]
By Ritu, Capital Sands Michael Debabrata Patra, 59, has been appointed the Reserve Bank of India (RBI) deputy governor for three years. The post fell vacant after Viral Acharya resigned on July 23 last year. Patra, as executive director of the central bank, was the principal advisor to the Monetary Policy Department since July 2012. He was also an internal […]
By Ritu, Capital Sands The pound extended its decline to the longest run in eight months as speculation of an imminent Bank of England interest-rate cut increased. Sterling fell as much as 0.3% against the dollar to $1.2955. Credit Agricole SA pointed out that more than half of the members of the bank’s Monetary Policy Committee are ready to support a reduction […]
By Ritu, Capital Sands Asian stocks rose in morning trade on Tuesday after the U.S. dropped China’s currency manipulator label, saying that it has made “enforceable commitments” not to devalue the yuan. China’s Shanghai Composite inched up 0.1%, while the Shenzhen Component gained 0.3%. “China has made enforceable commitments to refrain from competitive devaluation, while promoting transparency and accountability. The U.S. government last summer […]
By Ritu, Capital Sands The dollar opened the week stronger against the pound sterling and the Japanese yen, but weaker against the euro, with markets still unsettled by the weak labor market report on Friday. The dollar index, which measures the greenback against a basket of currencies, was effectively unchanged at 97.130. However, that masked a 0.5% rise for the dollar against sterling, which […]
By Ritu, Capital Sands 1. U.S. and China to bury the trade hatchet Chinese Vice Premier Liu He will visit Washington to sign the Phase 1 trade deal with the U.S. on Wednesday, which will deescalate the trade war between the two sides. But no deadline has been set for the next phase of talks to begin and if either side […]
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By Ritu, Capital Sands USD/JPY trades positive near the two-week high, on a five-day winning streak. Bullish engulfing on the weekly chart confronts 109.48/52 resistance confluence. 200-week SMA adds to the resistance. USD/JPY takes the bids to 109.55 during the initial trading session on Friday. In doing so, the pair registers a bullish candlestick formation on the weekly chart that currently confronts […]
By Ritu, Capital Sands China’s Vice Premier Liu He, head of the country’s negotiation team in Sino-U.S. trade talks, will sign a “Phase 1” deal in Washington next week, the commerce ministry said on Thursday. Liu will visit Washington on Jan. 13-15, said Gao Feng, spokesman at the commerce ministry. Negotiating teams from both sides remain in close communication on […]
By Ritu, Capital Sands The Japanese yen and Swiss franc retreated on Thursday as the United States and Iran backed away from the brink of further conflict in the Middle East. U.S. President Donald Trump responded overnight to an Iranian attack on U.S. forces with sanctions, not violence. Iran offered no immediate signal it would retaliate further to a Jan. […]
By Ritu, Capital Sands Oil prices jumped on Wednesday in Asia after Iran attacked two U.S.-Iraqi airbases in response to a U.S. airstrike that killed a top Iranian general last week, sparking worries of intensifying conflict in the Middle East. Overnight, the Pentagon said missile strikes were launched from Iran and targeted the Ayn al-Asad base in western Iraq and […]
By Ritu, Capital Sands The Swiss franc held gains against the dollar on Tuesday as traders sought save-havens amid heightened anxiety about potential Iranian retaliation to a U.S. drone strike that killed its most prominent military commander. The yen, another safe-haven currency, pulled back from a three-month high versus the dollar, but sentiment remains fragile due to the increasing worries […]
By Ritu Capital Sands Asian equities traded mostly lower in morning trade on Monday amid heightened geopolitical tensions in the Middle East, and uncertainties surrounding the singing of the Sino-U.S. phase one trade deal. China’s Shanghai Composite and the Shenzhen Component both gained 0.4%. Sino-U.S. trade developments remained in focus. U.S. President Donald Trump said in a tweet last week that Beijing […]
By Ritu, Capital Sands German unemployment rose more than expected in December, data showed on Friday, adding to signs that weakness in the manufacturing sector is hurting the labor market in Europe’s biggest economy. Data from the Federal Labor Office showed the number of people out of work rose by 8,000 to 2.279 million in seasonally adjusted terms. That compared […]
By Ritu, Capital Sands Brent crude futures jumped close to $3 on Friday to their highest since September after a U.S. air strike killed key Iranian and Iraqi military personnel, raising concerns that escalating Middle East tensions may disrupt oil supplies. Brent crude futures jumped nearly $3 to hit a high of $69.16 a barrel, the highest since Sept. 17. […]
By Ritu, Capital Sands India stocks advanced, extending gains for a second day on the expectation that the government’s plans to spend big will haul the country out of its economic woes. The S&P BSE Sensex 50 climbed 0.3% to 41,419.41 at 9:39 a.m. in Mumbai. The Nifty 50 Index advanced by a similar magnitude. The Sensex has had a positive January in six […]
By Ritu, Capital Sands The dollar started the new year where it left the old one, under pressure as investors wagered U.S. economic out performance could be coming to an end as optimism on trade brightens the outlook for growth globally. Signs of progress in the Sino-U.S. trade dispute undermined the dollar for much of December, leaving its index down […]
By Ritu, Capital Sands European shares looked set to end the decade with a whimper on Tuesday as investors locked in gains after a record rally that was fueled by optimism around trade and easing fears of a global recession. In a shortened session ahead of the New Year’s Eve celebrations, the pan-European STOXX 600 index shed 0.3%. “While market […]
By Ritu, Capital Sands The Chinese yuan hit almost five-month highs and the USD continued to retreat on the last day of the year in Asia. The U.S. dollar index was down 0.06% to 96.69 by 8:45 PM ET, continuing a multi-day slide. The People’s Bank of China (PBOC) set the reference rate for the yuan at 6.9762, stronger than the 6.9805 fix […]
By Ritu, Capital Sands Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil producer, sanctions that crippled crude exports of two OPEC members and gigantic supply cuts from big oil producing countries. The price gains in crude oil benchmarks were […]
By Ritu, Capital Sands The dollar was on the defensive on Monday in light year-end trading after suffering a setback the previous session, as hopes of a U.S.-China trade deal lifted investors’ risk appetite, sapping safe-haven demand for the greenback. The dollar index was stable at 96.942 against six major currencies after sliding 0.6% on Friday for its biggest single day percentage […]
By Ritu, Capital Sands Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in the world’s no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing. Brent crude futures were up 6 cents, or 0.1%, at $67.98 a barrel , after rising to as […]