Shankar besta

  • Euro Zone
    EUR/USD Could Break Lower End of 1.30 - 1.35 Range in Short-Term: Analysts

    May 03 2012 10:06 AM EDT

    The euro (EUR) continues to weaken against the U.S. dollar (USD) due to growing concerns over the political and economic situations in the region, with the latest dismal data and elections in France and Greece likely to put further downward pressure on the single currency.

  • File photograph shows an employee walking over a mosaic depicting pound sterling symbols on the floor of the front hall of the Bank of England in London
    Euro Hits 19-Month Low Versus Sterling as UK Data Surprises to Upside

    April 18 2012 7:37 AM EDT

    The euro (EUR) plummeted to a 19-month low against the British pound (GBP) on Wednesday, as the UK economic data surprised to the upside lending support to the Sterling, while the single currency continues to be under stress amid renewed concerns over the sovereign debt crisis in the eurozone.

  • GBP Trades Higher Ahead of Key Data

    April 18 2012 3:28 AM EDT

    The British pound (GBP) traded higher against its major counterparts on Wednesday, ahead of the Bank of England’s (BoE) April meeting minutes and unemployment data.

  • Room for GBP Gains Against AUD in Short-Term

    April 17 2012 10:39 AM EDT

    Developments in Australia and the UK of late suggest that the British pound (GBP) is poised to make gains against the Australian dollar (AUD) in the short-term.

  • China Construction
    European Debt Concerns Weigh on China’s FDI

    April 17 2012 8:44 AM EDT

    Foreign direct investment (FDI) into China continued to fall for the fifth consecutive month in March, as concerns over European sovereign debt crisis curbed investments by companies in the world’s second largest economy.

  • Moody's Downgrades Nokia's Rating, Says Transition Challenging

    April 16 2012 10:06 AM EDT

    Moody’s Investors Service on Monday downgraded the rating of Finland-based mobile maker Nokia from Baa3 to Baa2, a move in response to the company’s announcement of sharp decline in mobile sales in the first quarter this year.

  • Australian Dollar
    AUD to Attract Investors' Attention in G10 This Week

    April 09 2012 9:59 AM EDT

    The Australian dollar will attract investors’ attention this week, as the data from China and domestic employment report likely to give direction to the commodity currency.

  • A woman watches the Shanghai Composite Index on computer screen in Shanghai
    China Ups Quota for Foreign Investment in Shares

    April 05 2012 10:04 AM EDT

    China has further opened up its domestic share markets for foreign participation, in a bid to ease the tight controls for investments by qualified foreign institutional investors (QFIIs).

  •  Britain's Prime Minister David Cameron (C) walks around a branch of Sainsbury's supermarket during a visit, in east London February 17, 2011.
    UK Economy on Track to Buck European Trend

    April 04 2012 9:15 AM EDT

    UK economy seems to be on the track to buck the trend in many other European countries where economic recovery continues to struggle.

  • Riot Police stand in front of a burning barricade during Spain's general strike in Gijon
    Eurozone Unemployment Rate Hits 14-year High Amid Faltering Growth

    April 02 2012 10:33 AM EDT

    The unemployment rate in the eurozone increased to its highest level in 14 years in February, as the region’s faltering economic growth left more than 17 million people jobless in the month.

  • The Euro sculpture is pictured in front of the ECB headquarters in Frankfurt
    EUR Risks to Persist Despite Increase in Rescue Funds

    March 30 2012 9:33 AM EDT

    The euro traded higher against the US dollar and the British pound Friday ahead of the eurozone finance ministers’ two-day meeting, where the leaders are likely to boost the rescue funds for the region.

  • A logo of Germany's Commerzbank is seen in bright sunshine next to the headquarters of the bank in Frankfurt
    German Unemployment Rate Hits Lowest Level in Two Decades

    March 29 2012 10:37 AM EDT

    German unemployment rate fell to a record low in March, in contrast to many other nations in the eurozone which suffer from rising unemployment levels, while also showing evidence that growth in the Europe’s largest economy is picking up.

  • Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development
    OECD Stresses the Need to Increase Eurozone Crisis Firewalls

    March 27 2012 10:04 AM EDT

    Angelo Gurria, the head of the Organization for Economic Cooperation and Development (OECD), said on Tuesday that eurozone finance ministers should need to boost the firepower of the European stability funds to at least one trillion euros ($1.3 trillion).

  •  India's Finance Minister Pranab Mukherjee
    Indian Budget 2012 -2013 to Carry Same Tone as Last One

    March 15 2012 9:38 AM EDT

    The Indian Budget, which will be tabled in the Parliament Friday, is expected to incorporate same features as the previous budget, as the country faces challenging economic conditions and uncertain political scenario.

  • Foreign exchange dealers are seen beneath an electronic board displaying the Japanese Yen's exchange rate against the U.S. dollar, in Tokyo
    End of Strong Yen; BoJ Relieved?

    March 13 2012 10:17 AM EDT

    The Japanese yen (JPY) continues to weaken against the U.S. dollar (USD), as the greenback gets support from improving risk appetite and better economic data coming from the U.S.

  • The Euro sculpture is pictured in front of the ECB headquarters in Frankfurt
    ECB’s Second Massive Liquidity Injection a Direct Headwind to Euro: Analysts

    March 01 2012 4:32 AM EST

    The European Central Bank’s (ECB) second massive liquidity injection to stave off a credit crunch in the region will be a headwind to the euro over long-term, although the first similar program from the central bank had helped the single currency rebound from its record lows.

  • German Economy Minister Roesler and Chancellor Angela Merkel attend a session of the lower house of parliament Bundestag in Berlin
    More Signs of Germany Avoiding Recession

    February 23 2012 8:46 AM EST

    The business sentiment survey in Germany Thursday strengthened expectations that Europe's largest economy is on its way to avoid a contraction in the first quarter this year, easing concerns over country slipping back into recession.

  • An employee counts yuan banknotes at a bank in Huaibei
    Chinese Yuan Remains Laggard So Far This Year

    February 01 2012 9:02 AM EST

    The Chinese yuan has been a laggard in Asia in the year so far while other regional currencies, including the Japanese yen, are posting strong gains against the U.S. dollar (USD) and the euro (EUR).

  • U.S. Dollar to Retain Positive Trend Despite Fed’s Move

    January 26 2012 8:43 AM EST

    The Federal Reserve's move to keep interest rates unchanged for a longer period than previously indicated has resulted in some downward pressure on the U.S. dollar, but the stress on the greenback seems to be temporary, as its safe haven status gets support from the deteriorating global economic conditions and continuing sovereign debt crisis in the eurozone.

  • Euro note
    Euro Pares Losses in Thin Trade

    January 02 2012 7:29 AM EST

    The Euro trimmed losses against the U.S. dollar and the Japanese yen in thin trading on Monday, as financial markets across Asia, the UK and the U.S. closed for the New Year holidays.