Articles by Shankar besta

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.

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.

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).

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.

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).

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.

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.

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.

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.

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).

Beijing Rating Agency Downgrades U.S. Debt Rating

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.

White House urged to maintain distance from Google

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.

China’s hi-speed rail maker eyes US patents

CSR Corporation Limited, maker of high-speed trains, plans to apply for US patents for its CRH380A train, which would allow the company to participate in the railway projects in the country.

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