Trump impeachment: What happens next?

By  Administrator_India, Capital Sands The U.S. Senate impeachment trial of Donald Trump enters a new phase on Friday as senators deliberate and aim to vote on whether witnesses and new evidence should be sought before voting on acquittal or conviction of the Republican president. Late on Thursday, senators completed twoContinue Reading

By  Administrator_India, Capital Sands Wall Street finished solidly higher Thursday, coming back from a day of mostly sharp losses, after the World Health Organization declared the coronavirus a global health emergency, but backed China’s efforts to contain the outbreak, calming fears of a global pandemic. The S&P 500 rose 0.31%, while the NasdaqContinue Reading

Euro Pound Exchange Rate Rises, UK Markets Brace for BoE Rate Decision

By Administrator_India, Capital Sands The Euro Pound  exchange rate rose by 0.3% this morning, with the pairing currently trading around £0.848 as UK markets remain jittery ahead of this afternoon’s Bank of England  interest rate decision.The BoE’s decision is on a ‘knife-edge’. With just one day to go until theContinue Reading

Stocks - S&P Slips as Virus Fears Persist, Fed Stands Pat on Rates

By  Administrator_India, Capital Sands The S&P closed lower Wednesday as the Federal Reserve left interest rates unchanged and investors digested mixed corporate earnings. The S&P 500 fell 0.09%, while the Nasdaq Composite rose 0.06% and the Dow Jones Industrial Average added 0.04%. The Federal Reserve left interest rates unchanged and signaled that it would continue withContinue Reading

BOJ releases decade-old inflation target debates as Fed, ECB work to avoid 'Japanification'

By  Administrator_India, Capital Sands The danger of committing to an inflation target and difficulty of managing expectations were debated in earnest at the Bank of Japan a decade ago, showed transcripts released on Wednesday, as U.S. and European central bankers grapple with similar topics. The U.S. Federal Reserve and theContinue Reading

Future trade ties depend on Britain's respect for EU norms: France

By  Administrator_India, Capital Sands The scale and scope of European Union trade ties with Britain after Brexit will depend on the latter’s alignment with the bloc’s rules, French minister Amelie de Montchalin said on Tuesday. “The more access to our internal market the UK wants, the more we have toContinue Reading

China virus death toll passes 100 as U.S., Canada issue travel warning

By  Administrator_India Capital Sands The United States warned against travel to China on Monday and Canada issued a more narrow travel warning as the death toll from the spreading coronavirus passed 100, with tens of millions stranded during the biggest holiday of the year and global markets rattled. Global stocksContinue Reading

Oil Traders Made Billions in 2019

By  Administrator_India, Capital Sands The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages, dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market. The bonanza extended beyond the independent traders like Vitol Group and Trafigura Group Ltd. toContinue Reading

Air India EoI out; govt to completely exit airline

By Administrator_India, Capital Sands The Government of India will completely exit from Air India, including in units Air India Express and Air India SATS, in what is a major step to ensure success in its second attempt at the disinvestment the national carrier. “The Government of India (GOI) has given ‘in-principle’Continue Reading

Woolard to head UK markets watchdog on interim basis

By Administrator_India, Capital Sands Britain’s finance ministry has appointed Christopher Woolard as interim chief executive of the Financial Conduct Authority  to navigate the financial sector after Brexit. CEO Andrew Bailey leaves in March to become governor of the Bank of England, when Woolard will take over the FCA as interimContinue Reading