US consumer spending expected to slow in July, reflecting cooler weather and lower auto sales Malaysia Airlines to shed 6,000 staff as part of overhaul plan after disasters Asian stocks drift, Nikkei stabilizes after weak economic data Big Lots beats 2 Q profit expectations, meets revenue forecasts Inflation falls to 0.3 percent in countries that use euro; pressure is on central bank to act China's Baidu, Tencent, Wanda announce e-commerce venture in challenge to Alibaba Feds putting cigarette maker Reynolds American's $25 B takeover of Lorillard under microscope German fears of economic impact of Ukraine crisis growing, but Merkel's support strong Fed Chair Yellen's assets rose 8 pct. during 2013 to between $5.3 million and $14.1 million Tesla, state-owned Chinese phone carrier announce plans for 400 charging stations» Read More
Following the huge losses on the Nikkei, with more than $700 billion dollars wiped off the Japanese market in just two sessions, one economist is predicting the tragic events in Japan will be an "excuse" 'to move to quantitative easing in all major markets.
Japan’s benchmark Nikkei 225 Index could break out of the downtrend it has been in for more than 20 years if it bottoms out and starts recovering from a new low not quite as sharp as previous depths, Robin Griffiths, technical strategist at Cazenove Capital told CNBC.
Even as workers race to prevent the radioactive cores of the damaged nuclear reactors in Japan from melting down, concerns are growing that nearby pools holding spent fuel rods could pose an even greater danger, the New York Times reports.
That the market will fall, and fall rapidly is a given. The key question is how far the market may fall before it finds support. The reaction to the Kobe earthquake provides some clues.
Japanese markets are behaving consistent with recent post-disaster pattern: a lower stock market, lower government bond yields and a mixed outcome for the currency.
Japan's Nikkei average tumbled over 5 percent at one point on Monday as investors shifted to safer assets following after Friday's massive earthquake and tsunami, with the long-term impact uncertain as nuclear disaster looms.
Japanese investment bank Nomura is predicting the 9.0-magnitude earthquake that occurred off the northeastern coast of Japan on Friday will hit Japanese growth in the second quarter and predicts reconstruction efforts will not boost growth as much as some are predicting in the second half of 2011.
The massive earthquake that hit Japan came just before the close of Japan's stock market Friday. The Nikkei finished at a five-week low, down 1.7 percent, and Nikkei futures moved lower after the close. Here are some Japanese ADRs and ETFs to watch.
Discussing whether gold and the dollar remain "safe haven" plays on the Japan earthquake and tsunami news, with Dan Denbow, USAA Precious Metals & Minerals Fund, and Joseph Trevisani, FX Solutions.
Japan's economy may have been going nowhere for the last two decades. But there are many investors who are bullish about the country's stock market. The NYT reports.
The 8.9 magnitude earthquake that hit Japan Friday will likely dent investor confidence in the short term, but is unlikely to derail the global economic recovery, analysts told CNBC.
The risk of a hard landing in China is growing. It is now clear that Beijing is going to have to intensify its efforts to slow down the economy, because new figures show growth soaring past forecasts and inflation slowing less than expected.
Stock markets in India and a handful of other, smaller Asian countries, which surged last year as foreign investors bet on their fast growth, are starting to remind investors of the risks involved. The NYT reports.
North Korea showed a visiting American nuclear scientist earlier this month a vast new facility it secretly and rapidly built to enrich uranium, confronting the Obama administration with the prospect that the country is preparing to expand its nuclear arsenal or build a far more powerful type of atomic bomb, the New York Times reports.
Weekly charts since 2006 suggest the rise in the price of copper could be nearing a peak and is likely to come under pressure in the medium- to long-term, Roelof van den Akker, technical analyst at ING Wholesale Banking told CNBC on Tuesday.
If you have the chance to profit, Cramer said, take it.
American policy makers have long been confident, even during the darkest days of the current financial crisis, that the United States could avoid the fate of Japan and its two lost decades. But that has changed, reports the New York Times.
A Chinese scientific research center has built the fastest supercomputer ever made, replacing the United States as maker of the swiftest machine, and giving China bragging rights as a technology superpower. The New York Times reports.
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