Asian Market Business 

Asian stocks fall on virus worry, China stock rally pauses

By Administrator_India Capital Sands Asian shares and U.S. stock futures fell on Friday as record-breaking new coronavirus cases in several U.S. states stoked concerns that new lockdowns could derail an economic recovery, while investors looked forward to earnings season. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.76%. Australian stocks dropped 0.42%, while Japanese stocks declined by 0.4%. Shares in China fell 0.72%, the first decline in more than a week, as investors booked profits on a surge in equities to a five-year high. E-mini futures for the S&P…

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Covid-19 FED 

Dollar eyes multi-week lows as risk assets rally

By Administrator_India Capital Sands   The dollar nursed losses against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency. Traders in Asia are focused on whether China’s yuan can extend gains against the greenback as investors of all stripes shift funds to increase positions in Chinese stocks. Lingering worries about the spread of the coronavirus could keep some currency pairs in a tight range, but the dollar’s losses are gradually increasing as sentiment favours riskier…

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Covid-19 WHO 

WHO acknowledges ‘evidence emerging’ of airborne spread of COVID-19

By Administrator_India Capital Sands The World Health Organization on Tuesday acknowledged “evidence emerging” of the airborne spread of the novel coronavirus, after a group of scientists urged the global body to update its guidance on how the respiratory disease passes between people. The WHO has previously said the virus that causes the COVID-19 respiratory disease spreads primarily through small droplets expelled from the nose and mouth of an infected person that quickly sink to the ground. But in an open letter to the Geneva-based agency, published on Monday in the…

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Asian Market Business 

Asian shares hit speed bump, China extends sharp rally

By Administrator_India Capital Sands   Asian shares paused for breath on Tuesday following a surge sparked by speculation Beijing is trying to orchestrate a major domestic bull run to support an economy hit by the coronavirus and a standoff with Washington. MSCI’s broadest index of Asia-Pacific shares outside Japan was last down 0.25%, a seemingly inevitable correction after sharp gains of 7% in just five days that took it to a 4-1/2-month high. Japan’s Nikkei gave up 0.7% while U.S. stock futures shed 0.3% in Asia after hefty gains on Monday…

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India stocks lower at close of trade; Nifty 50 down 1.71% Economic News 

Sensex, Nifty near four-month highs as HDFC Bank jumps

By Administrator_India Capital Sands   Indian shares rose for a fourth straight session on Monday, as HDFC Bank Ltd gained after reporting strong loan growth and hopes of a recovery in the global economy pushed stock markets across Asia higher. The Nifty rose 0.98% to 10,711.05, while the Sensex was up 0.82% at 36,315.69, both trading near their four-month peaks. HDFC Bank jumped 3.4%, its biggest intraday percentage rise since mid-June, after the country’s top private-sector lender reported a loan growth of 21% as of June 30, compared to a…

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India stocks lower at close of trade; Nifty 50 down 1.71% Economic News India 

Indian shares hit near four-month highs, Reliance rises on Intel investment

By Administrator_India Capital Sands   Indian shares scaled near four-month highs on Friday, as upbeat data from the United States and China outweighed concerns about surging domestic cases of the novel coronavirus, while Reliance Industries climbed after Intel invested in its digital unit. The benchmark indexes rose for a third day, with the Nifty rising 0.39% to 10,592.55 and the Sensex by 0.34% to 35,963.73. Both indexes were set for their third straight weekly gain. Broader Asian markets were supported by data that showed China’s services sector in June expanded…

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Commodity Economic News 

Gold Down Over Hopes For a COVID-19 Vaccine

By Administrator_India Capital Sands   Gold was down on Thursday morning in Asia, with investor sentiment boosted by positive results from yet another potential COVID-19 vaccine. U.S. pharmaceutical company Pfizer announced the results from the early stage human trial for BNT162b1, its mRNA candidate jointly developed with German biotech firm BioNTech, on Wednesday. The results showed production of neutralizing antibodies in all the patients who were inoculated after 28 days. Pfizer also has three other mRNA candidates under development. Gold futures slid 0.16% to $1,777.05, as investors retreated from the…

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Commodity Economic News 

Oil rises after drop in U.S. crude stocks suggests demand pickup

By Administrator_India Capital Sands   Oil prices rose more than 1% on Wednesday after data showed crude inventories in the United States fell much more than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world. Brent crude rose 48 cents, or 1.2%, to $41.75 a barrel after declining more than 1% on Tuesday. U.S. crude was up 54 cents, or 1.4%, at $39.81 a barrel, having dropped by 1.1% in the previous session. U.S. crude and gasoline stocks declined more than expected last week, while distillate…

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Economic News Political News 

Dollar Retreats, With Investors Balancing Positive Chinese Data with Ever Increasing COVID-19 Numbers

By Administrator_India Capital Sands   The dollar retreated on Tuesday morning in Asia, giving up it gains from the last session as investors balance positive trade data with increasing COVID-19 figures. China reported a higher-than-expected manufacturing Purchasing Manager’s Index of 50.9 earlier in the day. Meanwhile, COVID-19 continues its rampage, with over 10.2 million cases as of June 30 according to Johns Hopkins University data. U.S. Federal Reserve Chair Jerome Powell warned on Monday that the outlook for the U.S. economy is “extraordinarily uncertain” and is dependent on the virus being contained…

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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 amongst 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 recalibrated to reflect the missions of younger universities.   Overall, 26 Indian universities appear…

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