India to purchase over $3 billion defence equipment from US

By Ritu Capital Sands India will buy defence equipment worth more than $3 billion from the United States, President Donald Trump said on Monday, the second day of his two-day visit to the South Asian nation. The United States was working productively with Pakistan to counter terrorism on its soil,Read More →

Dollar Regains Ground as Coronavirus Spreads Globally

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 tryRead More →

Yen Near 9-Month Lows, Euro Stays on the Back Foot

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 currencyRead More →

Dollar Regains Ground as Coronavirus Spreads Globally

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 timeRead More →

Apple hits stocks, euro near three-year low

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 meetRead More →

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 handoutsRead More →

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 avianRead More →

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 rewrittenRead More →

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 pharmaceuticalRead More →

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 methodRead More →