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 fallingRead More →

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 aRead More →

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 riskRead More →

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 ableRead More →

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 forRead More →

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 toRead 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 →

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 coastRead More →

Supreme Court gives government more time

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’sRead More →

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 WorldRead More →