Most Asian currencies rose on Thursday, recovering a measure of recent losses as the dollar saw some profit taking, with the won appreciating sharply even as the Bank of Korea held interest rates after 18 months of hikes. The South Korean won rose 0.6% and was the best-performing Asian currency for the day, even as […]
Read MoreTaiwan’s exports in January likely fell for the fifth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and the COVID situation in China impacting tech demand, according to a Reuters poll. Taiwan, a global hub for chip production and a key supplier to Apple Inc (NASDAQ:AAPL), […]
Read MoreThe Chinese economy grew at a slower pace in the fourth quarter of 2022, data showed on Tuesday, as disruptions caused by the country’s now relaxed zero-COVID policy weighed heavily on business activity, although the reading still beat expectations. Chinese gross domestic product (GPD) grew at an annualized rate of 2.9% in the three months […]
Read MoreThe U.S. dollar edged lower in early European trade Friday, continuing the previous session’s selloff after cooling U.S. inflation opened the way for the Federal Reserve to ease the pace of its interest rate hikes. At 03:05 ET (08:05 GMT), the US Dollar Index, which tracks the greenback against a basket of six other currencies, […]
Read MoreOil prices were muted on Thursday, cutting short a three-day rally after data highlighted growing economic cracks in major crude importer China, while markets also speculated over whether the OPEC’s last meeting for the year will result in a supply cut. Chinese manufacturing activity- a bellwether for the economy- weakened substantially in November, official and […]
Read MoreCommodities may see increased volatility next week as well with the return of Chinese markets from Golden Week Holiday Commodities remained volatile amid fresh supply tightness concerns, prolonged inflation worries and Fed’s commitment to tame inflation despite fears of recession Recent comments by Fed officials clearly indicate that the financial market instability did not dissuade […]
Read Moreवर्ल्ड इकोनॉमिक फोरम (World Economic Forum) की स्विट्जरलैंड के दावोस में होने वाली बैठक टाल दी गई है. कोरोना के ओमिक्रॉन वैरिएंट के बढ़ते खतरे के बीच यह फैसला लिया गया है. फोरम ने एक बयान में कहा कि महामारी के बढ़ते प्रकोप के बीच यात्रा और आवाजाही पर बढ़ती पाबंदियों के कारण यह फैसला लेना […]
Read MoreBy Administrator_India Capital Sands The cost of premium petrol has reached Rs 101.80 per litre with a hike of 38 paise in Sri Ganganagar, Rajasthan. The petrol price has increased to reach Rs 93.86 per litre and diesel price to Rs 85.94 per litre in capital, Jaipur. Across Rajasthan, the price of petrol is above […]
Read MoreBy Administrator_India Capital Sands Union Minister Nitin Gadkari will on Thursday inaugurate and lay foundation stones for highway projects worth Rs 8,341 crore in Rajasthan, an official statement said. These projects are for a total length of 1,127 kms. “Union Minister for Road Transport, Highways and MSMEs Nitin Gadkari will inaugurate and lay foundation stone […]
Read MoreBy Administrator_India Capital Sands The Indian economy contracted 7.50 percent in the second quarter of this financial year against a decline of 23.90 percent in the first quarter. Technically, the country is in a recession following two straight quarters of contraction but the slowdown is gradually easing. The gross domestic product (GDP) growth is at […]
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