TOKYO— Japanese government auditors say the operator of the Fukushima Dai-ichi nuclear plant has wasted more than a third of the 190 billion yen in taxpayer money allocated for cleaning up the plant after it was destroyed by a March 2011 earthquake and tsunami. FRENCH IMPORT: Among the costliest failures was a 32 billion yen machine made by French nuclear giant...» Read More
The current market environment reminds me of the movie “Wayne’s world” that I saw longer ago than I care to remember. The party mood on the markets just continues in the face of clear and present dangers.
The term “rolling blackouts” has become shorthand for noting one way Japan is trying to cope with its national calamity. Experts say it may be next year before anything close to full electrical power is restored in Japan. The New York Times reports.
The reality is, in this century, a global perspective is necessary when investing for portfolio success. Latin America, developing Europe, the Middle East, and Africa all hold promise. And without a doubt the brightest beacon for emerging growth today is Asia.
While engineers at Japan’s stricken nuclear power plant struggle to keep its uranium fuel rods from melting down, engineers in China are building a radically different type of reactor that some experts say offers a safer nuclear alternative, the New York Times reports.
A CNBC analysis of how markets reacted to previous nuclear accidents may help explain and predict the impact of the emergency in Japan.
Talk about a morning with wildly inconsistent messages about the auto industry's ability to build vehicles in the wake of the Japan earthquake and tsunami.
Despite record inflows into the Japanese ETF, options traders are less than optimistic about a Japanese recovery.
Here's what you should be watching Thursday, March 24.
Why the "Mad Money" host is bullish on this construction machinery name right now.
Almost two weeks since an earthquake and tsunami devastated a large part of Japan and forced Japanese automakers to shut down their plants, there's a growing panic with American car buyers.
There is no shortage of challenges facing the world today and many investors are frozen waiting for clarity in these times of uncertainty. The problem is, in all likelihood, the world will not settle down any time soon and we will surely continue to see geopolitical shifts and unrest plaguing the investment world. So what are investors to do?
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.
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.
CNBC's Steve Liesman takes a look at how economists are changing their forecasts in response to recent events.
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.