COVID 19: Dismal numbers for China and U.S., China shuts doors to most foreigners

By Administrator_India Capital Sands China reported a sharp drop in industrial profits year-on-year for last month, while the United States digests a whopping 3.28 million jobless claims submitted last week. The U.S. House of Representatives is set to pass a $2.2 trillion stimulus package today. Hong Kong’s leaders rethink social distancing measures as the number […]

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India’s huge outsourcing industry struggles with work-from-home scenario

By Admnistrator_India Capital Sands As the coronavirus pandemic pushes India into lockdown, the call centers and IT services firms that function as the world’s back office are struggling to piece together work-from-home solutions and other business-continuity plans. Prime Minister Narendra Modi on Tuesday ordered 1.3 billion Indians to stay at home for 21 days to […]

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Australia central bank buys semi-government bonds

Australia central bank buys semi-government bonds

By Administrator_India Capital Sands Australia’s central bank stepped into the semi-government bond market for the first time since launching its quantitative easing program to combat the coronavirus pandemic as state revenues deteriorate sharply. The Reserve Bank of Australia  on Wednesday bought A$2 billion  in semi-government bonds – issued by state and territories – with maturities […]

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Australia boosts lockdown measures as coronavirus cases jump

By Administrator_India Capital Sands Australian officials warned that an accelerating number of coronavirus infections could start overwhelming the country’s intensive care units, as stricter social distancing measures came into force on Wednesday. Prime Minister Scott Morrison announced new curbs late on Tuesday that will close more non-essential businesses, pushing the country closer to the stricter […]

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