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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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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Business Economic News 

Indian capital readies vast quarantine centre as coronavirus cases mount

By Administrator_India Capital Sands   Authorities in New Delhi worked to convert a spiritual centre into a huge quarantine facility on Thursday as novel coronavirus cases in the Indian capital overtook the financial hub Mumbai for the first time. Delhi now has 70,390 coronavirus cases, with more than 40,000 detected in the last two weeks. That is more than Mumbai’s 69,528, though the city, long considered one of India’s biggest coronavirus hot spots, has seen a higher rate of deaths. Nationally, a record 16,922 new cases were recorded in the…

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Business Economic News 

U.S. limits travel from Brazil amid worsening coronavirus outbreak

By Administrator_India Capital Sands   The White House on Sunday said it was restricting travel from Brazil to the United States, two days after the South American nation became the world’s No. 2 hotspot for coronavirus cases. The travel ban was a blow to right-wing Brazilian President Jair Bolsonaro, who has followed the example of U.S. President Donald Trump in addressing the pandemic, fighting calls for social distancing and touting unproven drugs. The Brazilian president’s office did not respond to a request for comment. “The U.S. maintains a strong partnership…

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Business International 

U.S. Treasury blasts records with $3 trillion borrowing need this quarter

By Administrator_India Capital Sands The U.S. Treasury Department on Monday said it plans to borrow nearly $3 trillion in the second quarter of 2020 – more than five times larger than the previous record – as the federal government spends at a frantic pace to mitigate the impact of the coronavirus on the U.S. economy. In a statement, Treasury said it would borrow $2.999 trillion during the April-June quarter – higher also than the previous record borrowing for a full fiscal year of $1.8 trillion in 2009. “It is larger…

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Putin Won’t Submit to What Is Seen as Saudi Oil-Price Blackmail Business Corona Hits US 

Trump says up to 100,000 Americans may die from coronavirus

By Administrator_India Capital Sands U.S. President Donald Trump said on Sunday he now believes as many as 100,000 Americans could die in the coronavirus pandemic, after the death toll passed his earlier estimates, but said he was confident a vaccine would be developed by the year’s end. Trump alternated during a two-hour virtual town hall broadcast by FOX News between forecasting a rapid recovery for the U.S. economy and casting blame for the pandemic’s spread on China, where the disease is believed to have originated. The COVID-19 illness, caused by…

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Business South Korean exports 

South Korea’s exports suffer worst slump in 11 years as pandemic shatters world trade

By Administrator_India Capital Sands The coronavirus crisis sent South Korean exports plunging in April at their sharpest pace since the global financial crisis, signaling a bleak outlook for international trade as the pandemic paralyzes the world economy and shatters demand. Exports dived 24.3% year-on-year in April, trade ministry data showed on Friday, the worst contraction since May 2009 but slightly slower than a 25.4% fall tipped in a survey. It slid 0.7% in the previous month. The average exports per working day, excluding the calendar effect, however, tumbled 17.4%, far…

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Business FED 

Dollar nurses losses after Fed, jump in risk appetite

By Administrator_India Capital Sands The dollar nursed losses on Thursday after the U.S. Federal Reserve left the door open to more monetary easing and dampened expectations for a quick economic recovery from the coronavirus pandemic. The greenback was also weighed down as signs the pandemic is receding in other countries and reduced safe-haven demand for holding funds in dollars. Additionally boosting appetite for riskier currencies was positive trial results of an experimental COVID-19 treatment. The euro held steady before a European Central Bank meeting later on Thursday where policymakers are…

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Business UK Economy 

UK economy could shrink by the most in 300 years in 2020

By Administrator_India Capital Sands Britain’s economy could shrink by 13% this year due to the government’s coronavirus shutdown, its deepest recession in three centuries, and public borrowing is set to surge to a post-World War Two high, the country’s budget forecasters said. In the April-June period alone, the economic output could plunge by 35%, with the unemployment rate more than doubling to 10%, the Office for Budget Responsibility said on Tuesday. A bounce-back may come later in the year if restrictions on public life to slow the spread of the…

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Success Story of Young Entrepreneur: Arun Kumar Saini Business Enterprises 

Arun Kumar Saini – Enterprises & Businessman, Group companies with interests in education, real estate, financial services and brand holdings.

  Arun Kumar Saini born & brought in Village Kushak Hiranki (Delhi) Capital of India. Arun Kumar Saini started taking a keen interest in business when he was 16. He had seen his father, C.S. Saini, working harder in his life & inspiration. After completing Class 10 in 1997, he decided to take a break from studies to focus on the Indian Minded Business. He was developing his business skills. The outcome: He abandoned studies to become a full-time Entrepreneur. AKS is an avid biker but whenever he has free…

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