Economy News

Economy News

Asia shares bounce as mood shifts, sentiment fickle

By Administrator_India Capital Sands Asian shares were enjoying a relief rally on Monday as record highs on Wall Street and policy easing in China helped calm some of the recent jitters on global growth, though plenty of potential pitfalls lay ahead this week. In the United States, inflation data could provide a scare ahead of […]

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Economy News

Good news for pilgrims! IRCTC to operate ‘Char Dham Yatra’ special train

By Administrator_ India Capital Sands In view of declining cases of coronavirus across the country, the Indian Railways has decided to operate a special train in September covering several top tourist destinations, including Char Dham–Badrinath, Jagannath Puri, Rameshwaram, and Dwarkadhish.  After the great popularity and success of the “Shri Ramayana Yatra” train operated on the […]

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Economy News

Petrol, Diesel Prices Today, June 21, 2021

By Administrator_ India Capital Sands After a day’s pause, fuel prices were again hiked on Friday, pushing rates to fresh all-time record highs, according to a price notification of state-owned fuel retailers. In Delhi, petrol and diesel prices were increased by 29 paise and 27 paise, respectively.  With the latest revision in the prices, petrol […]

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Economy News

Japan Inflation Gains for the First Time Since March 2020

By Administrator_ India Capital Sands Japan’s inflation edged into positive territory for the first time in 14 months as rising commodity costs fed higher gasoline prices at the pump, according to data that comes before a central bank policy decision later today. Consumer prices excluding fresh food ticked up 0.1% compared with a year earlier, […]

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Economy News

Dollar on tenterhooks as payrolls test looms

By Administrator_ India Capital Sands  The U.S. dollar wobbled above major support levels on Thursday, as traders awaited a batch of U.S. economic data that could set the tone at central bank meetings later this month. Investors have bet on the dollar falling as the world recovers from the COVID-19 pandemic, but they have lately […]

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Economy News

Japan ruling party heavyweight calls for $239-billion extra budget

By Administrator_ India Capital Sands Japan’s government is expected to compile an extra budget in October or November, senior ruling party lawmaker Kozo Yamamoto said on Wednesday, calling for spending of around $239 billion to cushion the economic blow from the COVID-19 pandemic. Yamamoto, a heavyweight close to former Prime Minister Shinzo Abe, also urged […]

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Economy News

Dollar holds near two-week high, U.S. jobs data eyed for Fed clues

By Administrator_ India Capital Sands The dollar hovered below a two-week high on Thursday, consolidating ahead of a key U.S. jobs report that may provide clues on when the Federal Reserve will dial back monetary stimulus. The greenback has rebounded from a one-month low over the past week, swung by U.S. economic data that has […]

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India, UK decide to wrap up key talks for Free Trade Agreement by year-end
Economy News

India, UK decide to wrap up key talks for Free Trade Agreement by year-end

By Administrator_ India Capital Sands India and the United Kingdom have decided to wrap up key talks on trade issues by the end of 2021, expediting negotiations for a proposed free trade agreement (FTA) between both nations in the future. Bilateral trade and investment ties were a major part of the talks between Prime Minister Narendra Modi and his […]

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Economy News

Dollar near multi-week lows before Fed, bitcoin reclaims $54,000

By Administrator_ India Capital Sands The dollar hovered near multi-week lows versus major peers on Tuesday, weighed by subdued Treasury yields, as investors consolidated positions ahead of the Federal Reserve’s policy decision this week. The safe-haven greenback was also out of favor after world stocks started the week hitting a record high, amid increasing investor […]

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Dollar holds weak bias on expectations Powell will shun tapering
Economy News

Dollar holds weak bias on expectations Powell will shun tapering

By Administrator_ India Capital Sands The dollar nursed losses against most currencies on Monday amid speculation that U.S. Federal Reserve Chairman Jerome Powell will shun talk of tapering bond purchases at a policy meeting this week. The euro rose to a near two-month high against the greenback before data later on Monday forecast to show […]

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