Day: June 24, 2020

Stocks, U.S. Futures Slide as Virus Cases Surge: Markets Wrap

(Bloomberg) — European stocks and U.S. futures slumped as a resurgence in virus cases in Tokyo, Germany and the American South sharpened concern about the pace of economic recovery.

The Stoxx Europe 600 Index fell the most in a week with losses across all major industries. Oil and copper retreated, while the dollar steadied. Austria is selling another 100-year bond, locking in historically low borrowing costs from investors who have few alternatives for debt yielding more than 0.5%.

Sentiment in markets is turning more negative on concern that the spreading virus could force policy makers to slow or reverse the

India-China trade ties 2,000 years old: Boycotting dragon not easy; India imports this much from China

Every year, India earns over USD 15 billion by exporting its goods to China.

While a rage runs across the country against Chinese products, and calls to boycott imports from China get louder, it is important to note why it might be easier said than done for India to snap trade ties with the dragon, which go as far back as 2,000 years. China accounts for a significant portion of India’s overall trade. More than 14 per cent of India’s total imports come from China, from nuclear reactors, boilers, machinery, organic chemicals to mobile phones, decorative lighting and other household

Your home internet could get cheaper soon as Govt of India mulls massive fixed-line broadband reform

The estimated license fee for fixed-line broadband services, calculated at a rate of 8 per cent, currently stands at Rs 880 crores per year

Amid the surge in demand for the high-speed internet in wake of the shift to work from home due to the coronavirus outbreak, the government is considering a reduction in the license fee for fixed-line broadband services in the country. The change could reduce the cost of household broadband services in the country and help service providers expand their coverage at a lower cost. As per the report, the new proposal will reduce the license fee