NAPA, Calif.— The earthquake that jolted California's wine capital may have caused at least $1 billion in property damage, but it also added impetus to the state's effort to develop an early warning system that might offer a few precious seconds for residents to duck under desks, trains to slow down and utility lines to be powered down before the seismic waves reach them.» Read More
As the market begins the process of second guessing the G7’s coordinated action to keep the yen lower, High Frequency Economics is warning investors the damage caused by the disaster in Japan is being both understated by the government and underappreciated outside of people in the immediate vicinity.
Knee-jerk reactions to catastrophes often fall wide of the mark, Stephen King, chief economist at HSBC told CNBC.
Multinational companies in several sectors are warning of supply-chain disruptions, after the earthquake, tsunami and nuclear crisis in Japan, the Financial Times reports.
Readings from American flights over the stricken nuclear plant show that the worst of the contamination has not spewed past the 18-mile range established by Japan. The NYT reports.
Better news from the Japan crisis today, as the nuclear power company Tepco appears to be on track to complete a power line to the Fukushima nuclear power plant this afternoon Tokyo time.
Japan will get what it wants from the Group of Seven teleconference of finance ministers and central bankers Thursday night, but G-7 sources say the group is still waiting for Japan to ask.
Following the disasters in Japan, trader Steve Cortes on Thursday said China is in "a lot of trouble." Here's how he recommends trading it.
While we await the outcome of the nuclear disaster in Japan, we could be witnessing a structural change in the global financial markets.
Traders point to Japanese investors repatriating assets as a significant cause of the yen's dramatic rise. Really?
Many companies outside Japan remain uncertain, or decline to say, whether supplies of crucial components from Japan will be interrupted, the New York Times reports.
Japan is Hawaii's second largest market for tourists behind the US mainland. Last year, 1.2 million Japanese came to the islands and spent $1.9 billion, according to the state tourism officials. Now, all of this is threatened.
The yen rocketed to a postwar high against the dollar late Wednesday, and the market's showing little sign of calming today. It's time for your FX Fix.
As Japan’s nuclear crisis intensified Wednesday, governments across Europe remained at odds over whether to scale back nuclear power programs or continue plans to expand, reports the New York Times.
It was a mixture of historical technical levels and algorithmic trading that rocketed the yen to an all-time high of 76.25 against the dollar Thursday, according to Thanos Papasavvas, head of currency management at Investec Asset Management.
The world economy is still very fragile and the impact of the Japanese earthquake and the nuclear crisis is distressing, Stephen Roach, non-executive chairman at Morgan Stanley, Asia, told CNBC in an interview.
The complexity and uncertainty surrounding Japan's nuclear crisis has created a great divide between investors who are now running from risk and those who think they can ride it out.
The yen rallied to a new all-time high against the dollar as traders speculated G-7 central bankers may be getting ready to intervene to drive the currency lower.
As Japan's nuclear crisis continues to unfold, many are wondering whether the U.S.'s nuclear plants face a similar threat. A look at where the risks are.
The Japan situation offers a new “calibration point” for insurers and the world, Glenn Renwick, CEO of insurance company Progressive, told CNBC Wednesday.
On March 11, 2011, an earthquake measuring 9.0 on the Richter scale struck Japan, bringing a destructive tsunami along with it. See 11 other history-making nuclear disasters.