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India's Vodafone Idea to pay 35 billion rupees in telecom , shares rise
Zuckerberg accepts Facebook may pay more tax in different places
Euro plunges against Swiss franc as China virus cases soar
Asian Markets Mixed; Chinese Stocks Rebound After Release of Inflation Data
By Administrator_India Capital Sands  Asian markets were mixed on Monday morning, with Chinese stocks rebounding after data showed China’s producer prices gained
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Gold steady as shares lose ground on fears of virus impact on growth
Gold steady as shares lose ground on fears of virus impact on growth
By  Administrator_India, Capital Sands Gold prices were steady on Friday after two days of gains as share markets lost ground,
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India’s divisive protests could help Modi’s BJP in Delhi election test
By Administrator_India, Capital Sands Indian Prime Minister Narendra Modi and his party this week face their first electoral test since
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China halve tariffs U.S.
China to halve tariffs on some U.S. imports as virus risks grow
By  Administrator_India, Capital Sands China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year,
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Weak growth to pull down Indian rupee, coronavirus fears to impinge
By Administrator_India, Capital Sands The battered Indian rupee will weaken further against the dollar over the coming year as a
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Solid demand lifts India services activity to seven-year high in January
Solid demand lifts India services activity to seven-year high in January
By  Administrator_India, Capital Sands India’s dominant service industry began 2020 in a buoyant mood as activity accelerated in January at
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Bharti Airtel posts another loss as it faces massive government dues
By Administrator_India, Capital Sands Bharti Airtel Ltd reported its third straight quarterly loss on Tuesday, as India’s third-largest telecom firm
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PNB Q3: Misses Street estimates by a wide margin, net loss at Rs 492.3 crore
PNB Q3: Misses Street estimates by a wide margin, net loss at Rs 492.3 crore
By  Administrator_India, Capital Sands Punjab National Bank  on February 4 reported a standalone net loss of Rs 492.3 crore for
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RBI seen holding rates, retaining dovish stance
By Administrator_India, Capital Sands  The Reserve Bank of India is likely to keep monetary policy accommodation without cutting interest rates
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New Zealand Braces for Economic Hit as Chinese Tourists Banned
New Zealand Braces for Economic Hit as Chinese Tourists Banned
By  Administrator_India, Capital Sands New Zealand is bracing for the coronavirus to hit its tourism industry and dent economic growth.
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India’s Vodafone Idea to pay 35 billion rupees in telecom , shares rise

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, ...
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China approves imports of all poultry, poultry products from U.S.

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 ...
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Zuckerberg accepts Facebook may pay more tax in different places

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 ...
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Indian generic drugmakers may face supply shortages from China if coronavirus drags on

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 ...
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Euro plunges against Swiss franc as China virus cases soar

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 ...
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European diplomats check India’s loosening of Kashmir clampdown

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 ...
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Gold eases on rising risk appetite as new virus cases fall

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 ...
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Asian Markets Mixed After Powell Speech

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 ...
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Dollar and Yen supported as coronavirus fears weigh on mood

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 ...
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Yuan Boosted by Inflation Data; Dollar to Stay Strong

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 ...
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