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Natural Disasters

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  • U.S. Department of Treasury headquarters in Washington, D.C.

    Shortly after 4 o'clock this morning, a small group of staffers at the U.S. Treasury trooped down a winding staircase into the basement of the building, entering a secure facility called the Markets Room, where the Treasury Department monitors global market conditions on a minute-by-minute basis.

  • Dr. Doom Is Gloomy About the Yen Tuesday, 15 Mar 2011 | 11:22 AM ET

    Nouriel Roubini, the New York University economist who gained renown for predicting the financial crisis, sees dark days ahead for the yen.

  • Safe Havens - Even the Yen - Rule Tuesday, 15 Mar 2011 | 9:46 AM ET

    It's a bad day to hold a risky currency, but anyone with Swiss francs, or even yen, is sitting pretty right now. It's time for your FX Fix.

  • Markets Will Need Convincing on Reactor: Advisor Tuesday, 15 Mar 2011 | 6:38 AM ET
    Japan's share prices plunged across the board after reports of rising radiation.

    The market reactions to the tragic events in Japan over the last few days have been rational and investors will need convincing the nuclear crisis has been averted before any rally according to Bob Parker, a senior advisor to Credit Suisse in London.

  • The Fed Tuesday is expected to show it remains committed to its easy money policies, which temporarily may take investor focus away from global events.

  • Quake Provides 'Excuse' for More Easing: Economist Tuesday, 15 Mar 2011 | 3:22 AM ET

    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.

  • Yen Will Weaken Further in the Long Run: Roubini Tuesday, 15 Mar 2011 | 2:40 AM ET

    The yen should be much weaker against the U.S. dollar in the long run based on fundamentals, Nouriel Roubini, Chairman & Co-Founder Roubini Global Economics told CNBC on Tuesday. 

  • Reactor Cooling Pools May Pose Greater Danger Tuesday, 15 Mar 2011 | 1:40 AM ET
    Fukushima Dai Ni Nuclear Power plant

    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.

  • Rescuers Struggle to Reach Survivors Tuesday, 15 Mar 2011 | 1:06 AM ET
    Rescue workers look over an area flooded by the tsunami in Minamisoma, Fukushima, Japan.

    Japanese authorities continued to struggle to respond to the aftermath of Friday’s earthquake and tsunami as thousands remained missing and nearly half a million survivors huddled in temporary shelters, the Financial Times reports.

  • Natural Gas Attracts Investors as Nuclear Fears Rise Monday, 14 Mar 2011 | 4:00 PM ET
    natural_gas_range.jpg

    Natural gas was at a two-week high Monday as Japan's nuclear power shut down put the spotlight on global natural gas supplies, as an alternate fuel for electric power generation.

  • 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. 

  • Mideast Still Biggest Worry for Markets: Cantor CEO Monday, 14 Mar 2011 | 3:37 PM ET
    A rebel fighter greets a crowd of comrades while heading towards the frontline in Ajdabiya, Libya.

    Despite Japan's massive earthquake and tsunami's impact on global markets, the escalating violence in the Middle East still poses the biggest threat for investors, according to Shawn Matthews, CEO of Cantor Fitzgerald, a privately-owned investment bank.

  • Scenes From the Japan Earthquake and Tsunami Monday, 14 Mar 2011 | 1:41 PM ET
    The biggest earthquake to hit Japan in 140 years, measured 8.9 on the Richter scale according to the U.S. Geological Service. The quake created a 10-meter Tsunami that washed away houses, cars and boats. Here are scenes from the devastation.

    The biggest earthquake to hit Japan in 140 years, measured 8.9 on the Richter scale according to the U.S. Geological Service.

  • PIMCO's El-Erian Expects Japan's Economy to Rebound Monday, 14 Mar 2011 | 1:21 PM ET
    mohamed el-erian

    PIMCO CEO Mohamed El-Erian shared his thoughts on Japan's economy, following the tragic earthquake and tsunami that hit that nation Friday. El-Erian wrote that five factors will dominate the economic outlook, as the whole world is hoping the tragedies will soon give way to stories of rescues and recovery of a society that is suffering enormous pain and disrupting uncertainties.

  • Nuclear 'Lessons to be Learned' From Japan: Boehner Monday, 14 Mar 2011 | 12:27 PM ET

    As the Japanese race the clock to avert a nuclear meltdown at a power plant, House Speaker John Boehner, (R-Ohio), told CNBC Monday that the US needs to assess both the Japanese situation and its own relationship with nuclear energy.

  • France Is World's Biggest Nuclear Power Producer Monday, 14 Mar 2011 | 12:02 PM ET
    The coal fueled Fiddlers Ferry power station emits vapour into the night sky on November 16, 2009 in Warrington, United Kingdom.

    The world's biggest nuclear power is France, where 58 plants generate 75 percent of the nation's electricity.

  • fx_fix_1_200.jpg

    The yen is stable for now after moves by the Bank of Japan, and the dollar is depressed by OPEC selling — it's time for your FX Fix.

  • Dispatches from Sendai, Japan Monday, 14 Mar 2011 | 5:42 AM ET
    Members of a rescue team climb into a house

    It took us ten hours to drive in from Tokyo. Yet slowly, there were signs of what was to come. Gaping holes in the highway, fallen trees, and pavements turned into bumps as they undulated during the quake.

  • Pedestrians cross the street using the Shibuya crossing in Shibuya on May 25, 2010 in Tokyo, Japan. Shibuya is not only a busy business district but also known for it's vibrant nightlife and fashion.

    While the world has fallen out of love with the Japanese economy in recent years it remains an economic powerhouse and important to the global economy, Sean Corrigan, chief investment strategist at Diapason Commodities Management, said Monday.

  • Smoke billows from fires raging at the port in Tagajo, Miyagi

    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.