close

Finance

USA

U.S April Retail Sales drop record 16.4 % ; Currency pairs reacts heavily

U.S April Retail Sales Drop

US April Retail Sales Drop : Covid Impact

U.S retail sales and factory output registered the huge drawback on record in April amid novel coronavirus pandemic . This new data illustrating a recession that it will likely takes years to fully recovery. US Retail Salas data declined significantly and it’s indicating how Wuhan virus is curtailing consumer spending , which is the main driver of the U.S economy .

(more…)

read more
Finance

Nirmala Sitharaman : Major Announcements for MSMEs

Nirmala Sitharaman Press Conference

New Delhi : Finance Minister Nirmala Sitharaman , on May 13, presented the blue print of the economic package of Rs. 20 lakh crore announced by Prime Minister Narendra Modi on Tuesday. Nirmala Sitharaman has announced sic (06) major steps for MSMEs (Micro, Small and Medium Enterprises) .She announce Rs. 3 lakh crore collateral-free automatic loans for MSMEs.

(more…)

read more
Finance

SGX Nifty Bursts over 300 points just after Modi’s Rs.20 Lakh Crore announcement

SGX Nifty Surges :PM Modi Boost Economy

Prime Minister Narendra Modi has announce a special economic package worth Rs. 20 lakh crore to help the nation fight against the coronavirus pandemic. After the bumper announcement, the Nifty futures (SGX Nifty) traded on Singapore Exchange surged to the level 9676.50 as much as 5.5 per cent or 504 points .Currently, SGX nifty trading at 9549 level with 323 points (3.51%) surge .

(more…)

read more
Finance

Dow Jones Shades Over 1000 Points in Wednesday Morning Trade due to Corona Recession

DJIA Plunged Due to New York Life and Death Lockdown ?

The Dow Jones Industrial Average fell yet again Wednesday Morning after staging short covering rally a day earlier. Just on Monday , the stock market had its worse drop since 2008 amid fears that the growing coronavirus epidemic would push the global economy into recession .  Today, in early morning trade , DJIA down 1005 points (4.02%) . The S$P 500 and the NASDAQ were down more than 3.5% .

(more…)

read more