Day: June 11, 2020

Stocks, Futures Slump on Fed Caution, Virus Fears: Markets Wrap

(Bloomberg) — Stocks in Europe and Asia tumbled with U.S. equity futures on Thursday after the Federal Reserve painted a long slog ahead for the economic recovery and as coronavirus infection rates jumped in parts of America.

The Stoxx Europe 600 Index opened sharply lower, with sectors scooped up in the recent rally such as banks and travel leading declines. S&P 500 contracts sank after Fed Chairman Jerome Powell suggested the pandemic could inflict long-lasting damage on the economy. Treasuries continued higher while the dollar rebounded from Wednesday losses. The cautious mood coincided with concern of a fresh wave of

Soon cheque bounce, minor economic offences may not land you in jail; FinMin proposes to decriminalise acts

The government has sought opinions from stakeholders to amend 19 acts of economic offences which come under the ambit of criminal offence and are subject to imprisonment, fines, and other punishments.

In a step to ease doing business in India and giving relief to businesses amid ongoing economic crisis, the Finance Ministry has proposed to decriminalise a host of minor offences such as cheque bounce, non-repayment of loans, etc. The government has sought opinions from stakeholders to amend 19 acts of economic offences which come under the ambit of criminal offence and are subject to imprisonment, fines, and other punishments.

CAPA launches data models to project airline capacity in key markets

The data models are now available for Australia, New Zealand and China, and models for the UK, France, Germany, the USA, India, Japan, South Korea

Global aviation consultancy, Centre for Asia Pacific Aviation (CAPA) on Thursday said it has launched a series of interactive data models designed to provide future air capacity projection in key markets across the world.
These data models have currently been launched in markets such as Australia, New Zealand and China, while for the other markets like India the process is under way, CAPA said in a release.

The models are an effective breakdown of each