Wednesday, December 2

Global

Coronavirus treatment: Australian vaccine provides protection against infection, safe for humans
Coronavirus News, Global

Coronavirus treatment: Australian vaccine provides protection against infection, safe for humans

By Administrator_India Capital Sands A potential COVID-19 vaccine developed in Australia has showed positive results in human clinical trials. The vaccine candidate has shown zero side effects in human trials so far and has shown promising results when tried on animals. In July, the University of Queensland (UQ) and Australian biotech giant CSL began the trial with injecting 120 Brisbane volunteers with the potential shot against the novel coronavirus infection, reported DailyMail. After the first trial doses were administered on animals, project co-leader Associate Professor Keith Chappell said it was successful. The UQ vaccine, which uses what is known as "molecular clamp" technology, created the neutralising immune response in animal models, which was better than the aver...
Global

Asian shares fall on coronavirus drug, economic damage concerns

By Administrator_India Capital Sands Asian shares and U.S. stock futures fell on Friday, spurred by doubts about progress in the development of drugs to treat COVID-19 and new evidence of U.S. economic damage caused by the coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.4%. U.S. stock futures, the S&P 500 e-minis, were down 0.72%. Shares in China, where the coronavirus first emerged late last year, fell 0.25%. The S&P 500 and the Nasdaq turned negative at the close on Thursday after a report that Gilead Sciences Inc’s antiviral drug remdesivier had failed to help severely ill COVID-19 patients in its first clinical trial. Gilead said the findings were inconclusive because the study conducted in China was terminated earl...
Global, International

Trump unveils three-stage process for states to end coronavirus shutdown

By Administrator_India Capital Sands President Donald Trump laid out new guidelines on Thursday for U.S. states to emerge from a coronavirus shutdown in a staggered, three-stage approach meant to revive the U.S. economy even as the country continues to fight the pandemic. The recommendations call on states to show a “downward trajectory” of COVID-19 cases or positive tests for the disease over 14 days before proceeding with the plan, which gradually loosens restrictions on businesses that have been shuttered to blunt the spread of the virus. “We are not opening all at once, but one careful step at a time,” Trump told reporters at the White House. The president had said earlier this month he wanted to reopen the economy with a “big bang.” The plan is a set of recommendations...
Global, International

Euro zone industry output dips in February on eve of virus measures

By Administrator_India Capital Sands Euro zone industrial production dipped slightly in February, the month before coronavirus restrictions were widely introduced in Europe, due to reverses in capital and consumer durable goods after a sharp overall rise in January. Output fell by 0.1% month-on-month in the 19 countries sharing the euro following a 2.3% increase in January. The decline was slightly less than the 0.2% drop forecast in a Reuters poll. Year-on-year, industrial production was down 1.9%, from a 1.7% fall in January, less than the market expectation of a 2.0% drop. Among EU's largest economies, production in Germany and France was higher in February than in January, although the rate of increase slowed. In Italy, the first European country hit by the COVID-19 ...
Global, International

Stocks slide as dire economic outlook weighs

By Administrator_India Capital Sands World stock markets fell on Thursday, while bonds and the dollar held on to hefty gains, after a coronavirus-driven plunge in U.S. retail sales and factory production and increasing gloomy economic outlooks for Asia. U.S. retail sales fell the most on record last month, while manufacturing output fell by the most in 74 years, raising fears of a deep recession. In Asia, growth will grind to zero for the first time in 60 years in 2020, the International Monetary Fund said on Thursday, as exporters are pounded by slumping demand and anti-virus measures force consumers to stay home and shops to shut down. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.6%. In Japan, where a Reuters survey showed most firms feel stimulus mea...
Business, Global, Stock Broker

Asia shares consolidate, China cuts another interest rate

By  Administrator_India Capital Sands Asian share markets took a breather on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage already done even as some countries tried to re-open for business. China moved again to cushion its economy, cutting a key medium-term interest rate to record lows and paving the way for a similar reduction in benchmark loan rates. While not unexpected, it did help MSCI’s broadest index of Asia-Pacific shares outside Japan edge up 0.3% to a fresh one-month top. Shanghai blue chips, however, eased 0.2%. Japan’s Nikkei was still off 0.5%, though that followed a 3% jump the previous session. E-Mini futures for the S&P 500 dipped 0.5%, following a 3% rise in New York. “Flattening infection ...