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 →

Dollar in Demand, Euro, Pound Under Pressure

By  Administrator_India, Capital Sands The U.S. dollar remains strong Tuesday, as heightened concerns about the spread of the deadly coronavirus in China prompt demand for currencies as safer. At 08:00 ET (0800 GMT), the USD/JPY traded 0.2% higher at 109.08, having fallen as low at 108.83 overnight. The US Dollar Index Futures, which tracksRead More →

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 KatyushaRead More →

Euro-Area Economic Growth Remains ‘Muted’ at Start of 2020

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,Read More →

Swiss National Bank

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 reasonRead More →

Dollar Regains Ground as Coronavirus Spreads Globally

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 aRead More →

Forex - Yuan Pushes Higher After Data Release

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 basketRead More →

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 theRead More →

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.Read More →

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, orRead More →