Articles by Shankar besta

  • Euro extends losses following Portugal political crisis

    March 24 2011 8:15 AM

    The euro extended losses against the dollar on Thursday, following a political crisis in Portugal and Moody’s downgrading of the debt rankings of smaller Spanish banks.

  • UK retail sales fell more than expected in Feb.UK retail sales fell more than expected in Feb.

    March 24 2011 6:03 AM

    Retail sales in Britain fell more than expected in February, as rising prices dampened consumer spending in the country.

  • New Zealand dollar rebounds as economy expandsNew Zealand dollar rebounds as economy expands

    March 24 2011 5:19 AM

    The gross domestic product (GDP) of New Zealand grew 0.2 percent in the last quarter of 2010 compared to a contraction of 0.2 percent in the previous quarter, Statistics New Zealand reported.

  • US Feb. new home sales plummetUS Feb. new home sales plummet

    March 23 2011 10:31 AM

    Sales of single-family houses in the US fell unexpectedly in February, showing continued weakness in the housing industry recovery.

  • Dollar slips to 3-day low against Swiss franc on safe haven demandDollar slips to 3-day low against Swiss franc on safe haven demand

    March 23 2011 8:17 AM

    The dollar fell to a three-day low against the Swiss franc on Wednesday, driven by safe haven demand, as concerns rose over radioactive contamination in Japan and the growing unrest in the Middle East.

  • US mortgage applications rose last weekUS mortgage applications rose last week

    March 23 2011 7:19 AM

    Mortgage applications in the U.S. rose in the week ended March. 18, after a slight decrease in demand in the previous week.

  • Euro eases on debt worries; Portugal voting eyedEuro eases on debt worries; Portugal voting eyed

    March 23 2011 5:37 AM

    The euro eased from a four-and-a-half month high against the dollar on Thursday as appetite for the single currency weakened, amid renewed concerns over debt problems in Portugal.

  • UK factory orders rose sharply in MarchUK factory orders rose sharply in March

    March 22 2011 8:22 AM

    The UK factory orders rose to a three-year high in March as strengthening domestic demand boosted manufacturing output in the country.

  • Euro touches four-and-a-half month high against greenback

    March 22 2011 7:22 AM

    Euro continued to rally against the dollar to reach a four-and-a-half month high, supported by growing speculation over interest rate hike in April by the European Central Bank.

  • UK inflation rose more than expected in FebUK inflation rose more than expected in Feb

    March 22 2011 6:53 AM

    Consumer prices in Britain rose more than expected in February, strengthening speculation over interest rate hike by the Bank of England (BoE).

  • Gold gains for fifth consecutive day on safe haven demandGold gains for fifth consecutive day on safe haven demand

    March 22 2011 4:54 AM

    Gold prices rose for a fifth straight day on Tuesday, driven by safe haven demand amid continued uncertainty in the Middle East and the nuclear crisis in Japan.

  • Existing home sales fell sharply in FebruaryExisting home sales fell sharply in February

    March 21 2011 10:44 AM

    Existing home sales in the US fell more than expected in February, indicating an uneven recovery in the housing industry. Sales of previously owned homes dropped 9.6 percent to 4.88 million in February compared with an upwardly revised figure of 5.40 million in January, the National Association of Realtors said on Monday.

  • Dollar weakens as risk sentiment recovers

    March 21 2011 8:37 AM

    The US dollar edged lower against major counterparts on Monday, as risk sentiment recovered following G-7 nations’ intervention in currency markets to weaken yen and easing concerns over nuclear crisis in Japan.

  • Yen extends losses on speculation over further G-7 interventionYen extends losses on speculation over further G-7 intervention

    March 21 2011 6:40 AM

    The Japanese yen continued its losses against major counterparts on Monday as speculation over another G-7 coordinated move to sell yen to cap its gains gained momentum.

  • EUR/USD touches new high

    March 21 2011 4:53 AM

    The euro gained against the dollar to reach a new high in Asian trading, as the greenback came under pressure amid easing concerns over the nuclear crisis in Japan.

  • Euro gains on G-7 intervention to weaken yen

    March 18 2011 10:23 AM

    The euro gained against the dollar on Friday, following G-7 nations' coordinated intervention to weaken the surge of Japanese yen.

  • Oil prices soar as UN approves no-fly zone in LibyaOil prices soar as UN approves no-fly zone in Libya

    March 18 2011 5:57 AM

    Crude oil prices rose in Asian trade on Friday, after the United Nations (UN) approved the imposition of a no-fly zone over Libya, raising fresh fears over oil exports from the country.

  • Yen tumbles after G-7 pledges to interveneYen tumbles after G-7 pledges to intervene

    March 18 2011 4:09 AM

    The Japanese yen tumbled to the lowest level in two years against the US dollar on Friday, as G-7 nations promised that they will jointly intervene in currency markets to help Japan’s recovery from the disastrous earthquake and tsunami.

  • US inflation rose more than expected in FebUS inflation rose more than expected in Feb

    March 17 2011 9:55 AM

    Consumer prices in the US rose slightly more than expected in February, as energy prices increased sharply.

  • Dollar index at 4-month low as investors favor Swiss franc, yen

    March 17 2011 8:12 AM

    The dollar index slipped to a 4-month low on Thursday, as the investors continue to favor the currencies such as Swiss franc and yen amid escalating nuclear crisis in Japan.