Articles by Shankar besta

  • Will Noda Last Longer Than His Predecessors?Will Noda Last Longer Than His Predecessors?

    August 30 2011 10:24 AM

    Japan finance minister Yoshihiko Noda on Tuesday was elected as the country’s sixth new prime minister in five years, even as the nation suffers from many economic problems and high debt levels.

  • EUR/USD Drops As Debt Concerns LingerEUR/USD Drops As Debt Concerns Linger

    August 30 2011 7:32 AM

    The euro fell against the U.S. dollar on Tuesday, as ongoing sovereign debt crisis weighed on the single currency.

  • Gold Prices Could Fall FurtherGold Prices Could Fall Further

    August 25 2011 9:04 AM

    Gold prices tumbled for the past days, falling around 10 percent from its peak reached on Tuesday.

  • Yen Undeterred by Moody’s DowngradeYen Undeterred by Moody’s Downgrade

    August 24 2011 10:01 AM

    Japanese yen extended its gains against the US dollar on Wednesday, despite Moody’s downgrade of the country’s rating, reflecting increased demand for safe-haven currencies as concerns grow over faltering U.S. economy and euroarea debt crisis.

  • S&P Confident of Maintaining ?AAA? Rating to FranceS&P Confident of Maintaining ?AAA? Rating to France

    August 18 2011 9:52 AM

    A top official of Standard & Poor's said, France will retain its AAA rating, allaying fears of possible downgrade of the country?s rating due to ongoing eurozone debt crisis.

  • Will Moody?s Downgrade US ?AAA? Rating?Will Moody?s Downgrade US ?AAA? Rating?

    August 17 2011 8:55 AM

    Following Fitch?s affirmation of ?AAA? rating to U.S. debt, which was in sharp contrast to S&P?s downgrade, the focus now turns to whether Moody?s will retain top rating for the US.

  • Gold Likely to Hit New Highs This YearGold Likely to Hit New Highs This Year

    August 15 2011 5:06 AM

    The continuing sovereign debt crisis in the eurozone and S&P?s downgrade of the U.S. credit rating have increased the safe haven demand for gold and the prices have reached new highs. But investors remain skeptical whether there could be further rally in the price.

  • After U.S. Downgrade, Who?s Next?After U.S. Downgrade, Who?s Next?

    August 09 2011 8:26 AM

    Following a surprise U.S. debt rating downgrade by S&P?s last Friday, now attention turns to other AAA-rated countries, which are at the risk of similar downgrade.

  • U.S. Treasury Says S&P Decision Ridden with $2 Trillion ErrorU.S. Treasury Says S&P Decision Ridden with $2 Trillion Error

    August 06 2011 4:04 AM

    The U.S. treasury department attacked S&P?s decision to downgrade the country?s AAA rating, saying that there is a $2 trillion error in the credit agency's analysis.

  • Will Canada Intervene To Stem CAD Strength?Will Canada Intervene To Stem CAD Strength?

    August 06 2011 2:04 AM

    Following Japanese and Swiss authorities? intervention in the currency markets to weaken the sharp appreciation in their domestic currencies, now the market focus turns to Canada, where the Bank of Canada (BoC) expressed concerns over the persistent strength of Canadian dollar (CAD).

  • Caged and Bed-ridden Hosni Mubarak Appears in Court (PHOTOS)Caged and Bed-ridden Hosni Mubarak Appears in Court (PHOTOS)

    August 04 2011 7:39 AM

    Former Egyptian leader Hosni Mubarak pleaded "not guilty" to charges of corruption and complicity in a Cairo court Wednesday.

  • Beijing Rating Agency Downgrades U.S. Debt RatingBeijing Rating Agency Downgrades U.S. Debt Rating

    August 03 2011 7:08 AM

    A Beijing-based ratings agency on Wednesday downgraded the U.S. sovereign debt rating, while Western agencies such as Fitch and Moody?s reaffirmed their AAA rating, following Congressional approval of a plan to raise the debt ceiling.

  • NASA's Space Shuttle Program Ends but Disasters Still Remain on Our MindsNASA's Space Shuttle Program Ends but Disasters Still Remain on Our Minds

    July 21 2011 11:39 AM

    Space shuttle Atlantis landed for the final time at NASA’s Kennedy Space Center in Florida on July 21, marking an end to the 30-year era of NASA's space shuttle program, but disasters that occurred in the history of the program still remain on our minds.

  • The World's Top 10 Financial Centers (PHOTOS)The World's Top 10 Financial Centers (PHOTOS)

    July 19 2011 10:48 AM

    Xinhua-Dow Jones International Financial Centers Development Index (IFCD Index) published recently listed 45 international financial centers, with top ten positions occupied by New York, London, Tokyo, Hong Kong, Singapore, Shanghai, Paris, Frankfurt, Sydney and Amsterdam.

  • CHF vs NOK, which is more defensive?CHF vs NOK, which is more defensive?

    July 12 2011 10:10 AM

    Markets’ love affair with the Swiss franc (CHF) as the key defensive currency of choice continues, as risk aversion dominated the markets in the year so far, mainly due to ongoing debt crisis in the eurozone.

  • Taliban Claims Killing Afghan President Hamid Karzai's BrotherTaliban Claims Killing Afghan President Hamid Karzai's Brother

    July 12 2011 7:58 AM

    Taliban has claimed responsibility for killing Afghan President Hamid Karzai's half-brother Ahmad Wali Karzai and also named the assassin as Sardar Ahmad, Voice of Russia reported, quoting the spokesman of the militant group.

  • Can Trichet halt Euro’s fall?Can Trichet halt Euro’s fall?

    July 07 2011 5:31 AM

    The euro has come under in the recent trading sessions due to ongoing uncertainty over debt crisis in the region, but investors await ECB meeting Thursdau, which could provide some relief to the single currency.

  • Euro slides as concerns over debt contagion resurfaceEuro slides as concerns over debt contagion resurface

    July 06 2011 8:02 AM

    The euro fell sharply against its major counterparts on Wednesday, as concerns over sovereign debt contagion resurfaced, following Moody’s downgrade of Portugal rating.

  • Protests mar Obama's attendance at gay fundraiser meet (PHOTOS)Protests mar Obama's attendance at gay fundraiser meet (PHOTOS)

    June 24 2011 11:25 AM

    Obama's visit to New York City on Thursday included a high-profile fundraiser at the annual LGBT Leadership Gala at the Sheraton New York, in the very midst of 2011 NYC Pride events.

  • White House urged to maintain distance from GoogleWhite House urged to maintain distance from Google

    June 24 2011 10:28 AM

    Consumer Watchdog on Friday said the White House's close relationship with the Google is inappropriate, as the Internet search company is currently under review by Federal Trade Commission (FTC) and the Department of Justice, a report said on Friday.