India readying $2.6 billion U.S. naval helicopter deal ahead of Trump trip

By  Administrator_India, Capital Sands India is set to give final approval to a $2.6 billion deal for military helicopters from U.S. defence firm Lockheed Martin ahead of a proposed visit by U.S. President Donald Trump this month. Prime Minister Narendra Modi’s government is trying to pull out all the stopsContinue Reading

U.S. jobs data and global coronavirus worries hold dollar firm

By  Administrator_India, Capital Sands The dollar held gains on Monday after job market data provided the latest sign of U.S. economic strength, while worries about the coronavirus epidemic kept other trade-exposed currencies subdued. Data on Friday showed U.S. job growth accelerated last month, blowing past estimates, with particular strength inContinue Reading

Majority of U.S. firms in China see revenue hit from coronavirus

By  Administrator_India, Capital Sands The majority of U.S. firms with operations in China expect a virus outbreak to cut revenue this year, and some are accelerating plans to shift their supply chains out of the country, according to a poll by Shanghai’s American Chamber of Commerce. Nearly a quarter ofContinue Reading

RBI policy: CPI-based inflation to GDP growth, key numbers at a glance

By  Administrator_India, Capital Sands The Reserve Bank on Thursday expectedly left interest rates unchanged amid uncertain inflation outlook but left the door open for more easing in future even as it took steps to spur credit growth in an economy facing its worst slowdown in more than a decade. HereContinue Reading

India aims to double defence exports in five years amid resource crunch

By  Administrator_India, Capital Sands India wants to double defence exports over the next five years, Prime Minister Narendra Modi said on Wednesday, as the country seeks to cut its import bill amid a funding crunch that has forced successive governments to go slow on new orders. “For several years IndiaContinue Reading

Asian Markets Rise; Japanese, Chinese Benchmarks Up More Than 1%

By  Administrator_India, Capital Sands Asian markets rose on Wednesday morning, building on gains from the previous session. Chinese and Japanese stocks climbed more than 1%. China’s Shanghai Composite gained 1.6% , while the Shenzhen Component jumped 2.5%. The People’s Bank of China lowered interest rates on reverse repurchase agreements this week, reducingContinue Reading

Chinese markets, yuan claw back some lost ground after virus-led wipeout

By  Administrator_India, Capital Sands China’s currency and stock markets steadied in choppy trade on Tuesday, after anxiety over the spreading coronavirus the previous session hit the yuan and erased some $400 billion in market value from Shanghai’s benchmark index. The Shanghai Composite opened 2% lower, before wobbling its way backContinue Reading

UK's access to single market will hinge on alignment with EU - Barnier

By  Administrator_India, Capital Sands Britain’s access to the European Union’s single market will depend on its alignment with the bloc’s rules and regulations, EU Brexit negotiator Michel Barnier said on Friday. He said an offer of zero tariffs and zero quotas on all goods to the UK, which left theContinue Reading

Oil edges lower after jump in US stockpiles, vaccine hopes capping losses

By  Administrator_India, Capital Sands Oil prices extended their losses on Monday, dragged down by worries about lower demand in China, the world’s largest oil importer, following a coronavirus outbreak there. Brent and U.S. West Texas Intermediate crude fell for a fourth week in a row last week after airlines canceledContinue Reading