Articles by Shankar besta
China Construction

European Debt Concerns Weigh on China’s FDI

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.
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

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

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).
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

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

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).
Japan's Finance Minister Noda attends a fiscal and monetary policies committee at the parliament in Tokyo

Will Noda Last Longer Than His Predecessors?

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.
GOP

Will Moody?s Downgrade US ?AAA? Rating?

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.
One kilogram gold bars are seen in this picture illustration

Gold Likely to Hit New Highs This Year

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.
A trader working in the crude oil and natural gas options pits on the floor of the New York Mercantile Exchange in New York

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

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.
A Canadian five-dollar bill is seen in a posed photograph in Montreal.

Will Canada Intervene To Stem CAD Strength?

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).

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