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Australian PM says no evidence coronavirus originated in China laboratory, urges inquiryqq

Australian PM says no evidence coronavirus originated in China laboratory, urges inquiry

By Ritu, Capital Sands Australian Prime Minister Scott Morrison, who has angered Beijing by calling for a global inquiry into the coronavirus outbreak, said he had no evidence to suggest the disease originated in a laboratory in the Chinese city of Wuhan. U.S. President Donald Trump said on Thursday he was confident the coronavirus may have originated in a Chinese ...
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India's scrap gold supplies seen at record high on price rally, coronavirus

India’s scrap gold supplies seen at record high on price rally, coronavirus

By Ritu, Capital Sands Scrap gold supplies in India are likely to hit an all-time high in 2020 as consumers sell jewellery to reap record high prices and cope with the financial crunch from the coronavirus lockdown, the World Gold Council said on Thursday. Rising scrap supplies amid a fall in demand could dent the world’s second-biggest bullion consumer’s imports ...
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Indian shares hit six-week high, HDFC surge lifts banks

Indian shares hit six-week high, HDFC surge lifts banks

By Ritu, Capital Sands Indian shares rose more than 1% on Wednesday to their highest in over six weeks, tracking an improved global mood due to the easing of some coronavirus lockdowns, while a surge in HDFC pulled financial stocks higher. While India’s own stringent restrictions remain largely in place, signs of easing in Europe and the United States and ...
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Global economy already in recession on coronavirus devastation

Global economy already in recession on coronavirus devastation

By Ritu, Capital Sands The global economy is already in a recession as the hit to economic activity from the coronavirus pandemic has become more widespread, according to economists polled by Reuters amid a raft of central bank stimulus actions this week. The spread of the disease caused by the virus, COVID-19, has sent financial markets into a tailspin despite ...
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