Friday, December 3

Month: June 2020

Indian shares rise on recovery hopes, Nifty set for best quarter in 11 years
ECONOMIC NEWS

Indian shares rise on recovery hopes, Nifty set for best quarter in 11 years

By Administrator_India Capital Sands Indian shares rose on Tuesday, with the benchmark index set for its best quarter since 2009, as upbeat U.S. and China data renewed economic recovery hopes, while investors awaited Prime Minister Narendra Modi’s speech later in the day. The Nifty rose 0.74% to 10,389.05 by 0351 GMT, while the Sensex was up 0.6% at 35,172.71. The Nifty is set to close the quarter around 20% stronger, its best performance since June quarter of 2009, after a liquidity-driven rally from a four year low hit in March. Tata Steel was the top boost on Nifty, gaining as much as 4.3% in early trade. China’s manufacturing sector grew more than expected in June, lifting Asian shares, while strong U.S. housing data boosted Wall Street. PM Modi will address the na...
Higher Education University Rankings 2020: Capital University, Jharkhand ranks 64th, notches up from 68th position of last year
University

Higher Education University Rankings 2020: Capital University, Jharkhand ranks 64th, notches up from 68th position of last year

New Delhi : CapitalUniversity India has ranked 64th in the 2020 Higher Education University Rankings. Last year, CUJ was 68th and it has moved 04 notches up this year. It is second among-st  the Indian Universities. THE’s 2020 University Rankings reveal the best universities under 50 years old, assessing them across teaching, research, international outlook and their work with industry. In fact, the ranking was created using the same methodology as the The World University Rankings, but the weightings were re-calibrated to reflect the missions of younger universities.   Overall, 26 Indian universities appear in the full ranking of the 414 universities in total with only 01 Indian University appear in first 100. Capital University, Jharkhand has improved its score in majori...
Major U.S. airline CEOs to hold White House meeting Friday
Stock Market

Major U.S. airline CEOs to hold White House meeting Friday

By Administrator_India Capital Sands The CEOs of major U.S. airlines are set to hold a meeting Friday to discuss several coronavirus-related travel issues, including a push to convince the federal government to mandate temperature checks for passengers, three people briefed on the matter said. The meeting with Vice President Mike Pence and other senior U.S. officials is expected to include the chief executive officers of American Airlines , Delta Air Lines , Southwest Airlines , United Airlines  and JetBlue Airways Corp, the sources said. The White House confirmed Pence would meet with airline executives Friday afternoon, but did not identify the companies. The discussions will also include potential extended European Union travel restrictions on U.S. travelers, contract t...
Oil prices fall further on virus fears, U.S. crude stock build
Commodity

Oil prices fall further on virus fears, U.S. crude stock build

By Administrator_India Capital Sands Oil prices slipped on Thursday, extending losses of more than 5% in the previous session, weighed down by record high U.S. crude inventories and worries that a rapid resurgence in COVID-19 cases could choke a revival in fuel demand. U.S. WTI crude futures fell 26 cents, or 0.7%, to $37.75 per barrel at 0245 GMT on Thursday, after dropping $2.36 on Wednesday. Brent crude futures fell 30 cents, or 0.7%, to $40.01 per barrel after falling $2.32 on Wednesday. A day earlier, the benchmark contract hit its highest price since early March, just before pandemic lockdowns and a Saudi-Russian price war slammed markets. Wednesday's selloff came after U.S. government data showed crude stockpiles rose by 1.4 million barrels, driving inventories to a r...
Japan’s success in curbing COVID-19 cases now hampers search for cures
Coronavirus News

Japan’s success in curbing COVID-19 cases now hampers search for cures

By Administrator_India Capital Sands As nations race to develop treatments and vaccines for COVID-19, Japan has become a victim of its own success as slowing new infections has led to a shortage of patients to enroll in clinical trials. Clinical trials are underway for more than a dozen potential vaccines, including at least six in China, but Japan's first human trials are expected to start next month. In development of treatments, Russia and India approved Fujifilm Holdings Corp's  Avigan as a COVID-19 therapy, but Japan, whose Prime Minister Shinzo Abe has touted the drug's potential and hoped to approve it in May, won't see a decision until at least July. Japan has fared better than most developed nations in tackling the disease that has killed more than 470,000 worldwide...
Oil Retreats Over U.S.-China Trade Deal Comments
Commodity

Oil Retreats Over U.S.-China Trade Deal Comments

By Administrator_India Capital Sands Oil was down on Tuesday morning in Asia, giving up its earlier gains from the session. Brent oil futures fell 0.46% to $42.88 by 10:17 PM ET (3:17 AM GMT) and WTI futures slid 0.61% to $40.48. Investors were spooked after White House trade adviser Peter Navarro told the press on Monday that the U.S.’s trade deal with China is “over”, crushing hopes of salvaging the hard-won phase one trade deal reached earlier this year. China, one of the world’s biggest oil importers, has yet to respond to Navarro’s comments, but an escalation of U.S.-China tension threatens a delay in the global economic recovery from COVID-19, in turn increasing the risks of an oversupply. The statement put a damper on the optimism seen in the previous session, wh...
Global stocks try to shake off second wave virus fears
Stock Market

Global stocks try to shake off second wave virus fears

By Administrator_India Capital Sands U.S. stock futures erased losses and Asian stocks held flat on Monday, trying to shake off worries that rising coronavirus cases in the United States could scupper a quick economic rebound from the massive downturn triggered by the pandemic. U.S. S&P 500 futures rose 0.4%, having erased early losses of 1.05% while Japan’s Nikkei also eked out gains of 0.1%, similarly recovering from early losses. MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat while mainland Chinese stocks ticked up 0.3% to 3-1/2-month highs. After a brutal sell-off earlier this year, share prices had risen globally over the past three months, helped by massive stimulus around the world and hopes the worst of the pandemic was over. Highli...
Dollar heads for weekly gain as new infections sap confidence
Forex

Dollar heads for weekly gain as new infections sap confidence

By Administrator_India Capital Sands The dollar headed for its best week in a month on Friday as a resurgence in coronavirus cases knocked confidence in a rapid economic recovery and drove investors to the safety of the world's reserve currency. Geopolitical tensions on the Korean peninsula, in the Himalayas and between China and its trading partners have also weighed, and the balance of risks kept morning moves modest. The dollar traded near a two-week high against a basket of currencies and has gained about 0.4% for the week, its largest weekly rise since mid-May. That stalled the rally in the risk-sensitive Australian and New Zealand dollars. "The bulls need new news and inspiration to push prices higher. That inspiration isn't readily available," said Chris Weston, hea...
India, China want peace but blame each other after deadly border clash
International

India, China want peace but blame each other after deadly border clash

By Administrator_India Capital Sands India and China said they wanted peace but blamed each other on Wednesday after soldiers of the two sides savagely fought each other with nail-studded clubs and stones on their Himalayan border, killing at least 20 Indian troops. “We never provoke anyone,” Prime Minister Narendra Modi said on national television, referring to Monday’s hand-to-hand fighting. “There should be no doubt that India wants peace, but if provoked, India will provide an appropriate response.” In Beijing, foreign ministry spokesman Zhao Lijian said the clash erupted after Indian soldiers “crossed the line, acted illegally, provoked and attacked the Chinese, resulting in both sides engaging in serious physical conflict and injury and death”. He said he did not know ...
Asia stocks given pause by virus surge, geopolitics
Stock Market

Asia stocks given pause by virus surge, geopolitics

By Administrator_India Capital Sands Asian share markets took a breather on Wednesday as a resurgence of coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in U.S. retail sales in May broke all records. Geopolitics also lurked as a worry with India reporting 20 of its soldiers had been killed in clashes with Chinese troops at a disputed border site. North Korea rejected a South Korea offer to send special envoys and vowed to send back troops to the border. It was enough to inject a note of caution into trading and Japan's Nikkei eased 0.7%, after jumping almost 5% on Tuesday for its biggest daily gain in three months. MSCI's broadest index of Asia-Pacific shares outside Japan went flat, having climbed 2.8% the previous day, ...