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By Administrator_India Capital Sands Americans spent a glum Easter Sunday largely confined to their homes by the still-raging coronavirus pandemic as the U.S. death toll neared 22,000, with more than half a million confirmed cases nationwide. With 42 states imposing strict stay-at-home orders most churches were shuttered, although many erected crosses outside or even offered […]
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By Administrator_India Capital Sands OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis. But the group, known as OPEC+, said a […]
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By Ritu, Capital Sands India’s retail inflation is expected to have dropped to a four-month low in March on softer food and fuel prices and as already slowing demand likely plummeted due to a nationwide lockdown towards the end of the month. Price pressures will probably ease further this month as economic activity ground to […]
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By Administrator_India Capital Sands The U.S. economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work, but Federal Reserve policymakers are also warning of a slugging recovery once the pandemic subsides. “Because of the shock of this… will consumer behavior just be […]
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By Administrator_India Capital Sands Asian stocks stepped back on Wednesday after two sessions of sharp gains as investors turned wary on getting too optimistic about the coronavirus while death tolls were still mounting across the globe. Not helping sentiment was wild volatility in the oil market, where prices rebounded in early Asia after sliding on […]
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By Ritu, Capital Sands An Indian retail group has asked a court to allow the restart of an antitrust investigation into Amazon.com Inc and a Walmart unit that is on hold following a legal challenge by the companies, a court filing seen by Reuters showed. Amazon and Walmart’s unit Flipkart did not immediately respond to a […]
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By Administrator_India Capital Sands Asian stock markets continued their gains on Tuesday as falling COVID-19 numbers improved investor sentiment. The United States, Italy and Spain reported declining case figures over the weekend. The ASX 200 slipped 0.5%, flattening its earlier gains by 10:23 PM ET (3:23 AM GMT). The Reserve Bank of Australia is set to announce its interest rate decision later in the day. Analysts are […]
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By Ritu, Capital Sands India’s dominant services sector, the lifeblood for economic growth and jobs, contracted in March as new business and export demand fell sharply as the coronavirus pandemic wreaked havoc globally, a private survey showed. Prime Minister Narendra Modi ordered India’s 1.3 billion people to stay home and shut shops and business selling […]
Continue ReadingBy Administrator_India Capital Sands Japanese Prime Minister Shinzo Abe will declare a state of emergency as early as Tuesday in a bid to stop the coronavirus spreading across the country, the Yomiuri newspaper reported, as the cumulative number of infections topped 1,000 in Tokyo alone. Abe will likely announce his plans to declare the emergency […]
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