The crisis in Japan following the devastating earthquake and tsunami that killed thousands of people will not have an effect on the European Central Bank's interest rate policy, Manfred Schepers, vice-president finance and chief financial officer for the European Bank for Reconstruction and Development, told CNBC.
Schools in Japan begin class in April and hold graduation ceremonies in March; like spring, they represent renewal and rebirth. On Tuesday morning, in a school meeting hall in the tsunami-ravaged seaport of Kesennuma, it became something else: an act of defiance. The NYT reports.
It was truly a trial by fire — one that has now become part of Russia’s nuclear marketing message. How Chernobyl made Russia the most safety-conscious nuclear proponent. The NYT reports.
Heavy-machinery company Deere still sees itself doubling in size over the next eight years, due in large part to construction and agriculture in Asia, the corporation’s CEO, Samuel Allen, told CNBC Tuesday.
The G7 intervened to weaken the Yen last Friday in an attempt to stabilize the Japanese currency’s dramatic rise since the catastrophic earthquake, tsunami, and nuclear disaster. Europe’s central banks, the Federal Reserve and the Bank of Canada followed the Bank of Japan’s Yen sales, pushing it down against the US dollar.
Natural gas may be having its day, as its rival energy sources come under a cloud. The serious problems at the nuclear power plant in Japan have raised new doubts about the safety of nuclear energy the New York Times reports.
Fears that the world economy is facing another downturn are being overplayed, despite the political upheaval caused by recent unrest in the Middle East and the earthquake and subsequent tsunami in Japan, Jim O'Neill, chairman of Goldman Sachs Asset Management, said.
Tiffany is reducing its first-quarter earnings forecast as it deals with some store closings and limited hours in Japan, in the wake of the earthquake and tsunami there.
In the wake of Japan’s cascading disasters, signs of economic loss can be found in many corners of the globe, from Sendai, on the battered Japanese coast, to Paris to Marion, Ark., reports the New York Times.
The Japanese disaster may speed improvement in relations between South Korea and Japan, the mayor of South Korea's third largest city told Warren Buffett today.
Japan’s list of casualties, already long, could soon include two of the country’s iconic brands: sushi and Kobe beef. The NYT reports.
The nuclear disaster in Japan is likely to have major effects on US energy policy, according to billionaire investor Warren Buffett.
The G-7's intervention has halted the yen's rise, but what happens next isn't clear. Here's how to trade.
Despite the upheaval roiling the markets, Wall Street analysts continue to issue upbeat reports about media companies, and even the negative reports don't mention the headlines — they simply don't have the exposure to Japan and the rest of the market instability as many other sectors.
Terrible weather in January, a spike in gasoline prices in February and a devastating earthquake in Japan in March: any of those three factors can bring a hiccup in earnings and taken together it seems more likely than not that they will.
In the wake of the crisis in Japan, the yen has strengthened dramatically, which is counterintuitive. Usually, when a country's economy is expected to weaken, so does its currency, but Japan is a unique case.
There is no way to underscore the depth of the tragedy we see playing out before us as the potential of a nuclear nightmare of unprecedented proportions unfolds before our eyes. And while it pales in comparison to the human toll, the Japanese economy is also surely facing a period of great challenge.
In the depths of a panic-driven stocks sell-off this week, an options investor was making a big bullish bet on Japanese automaker Honda Motor .
Plans to develop new nuclear reactors may have to be put on hold until world leaders assess the causes of Japan's nuclear disaster and how to prevent a repeat of the accident, Luis Echavarri, director of the OECD's Nuclear Energy Agency told CNBC.
The yen is settling into a range after coordinated intervention by G-7 countries, but there's plenty of excitement elsewhere — it's time for your FX Fix.