SANTIAGO, April 2- A powerful 7.6- magnitude earthquake struck off northern Chile late on Wednesday but there were no reports of damage and a precautionary tsunami alert along the coast and in neighboring Peru was called off. The area is home to many of the biggest mines in Chile, the world's top copper producer.» Read More
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.
A small crew of technicians, braving radiation and fire, became the only people remaining at the Fukushima Daiichi Nuclear Power Station on Tuesday — and perhaps Japan’s last chance of preventing a broader nuclear catastrophe, the New York Times reports.
Oil prices have fallen sharply in the wake of the disaster in Japan as investors have shunned risk. Nymex has declined around 5 percent since last Friday's earthquake and tsunami. However, Jim Rogers, Chairman of Rogers Holdings, who has been a long-term bull on oil, thinks it's only a matter of time before the current trend reverses.
With many Japanese factories facing temporary or partial closure, the earthquake has left investors facing an uncomfortable truth: in the modern world, it can be tough to assess how convoluted cross-border linkages really work, in manufacturing as in finance, the Financial Times reports.
The type of containment vessel used in the stricken reactors in Japan has long been thought susceptible to failure in an emergency. The NYT reports.
To find them, Cramer goes "Off the Charts."
Japan's nuclear concerns are not comparable to the Chernobyl disaster, Cramer said.
Japan is struck by the largest recorded earthquake in its history off the coast of the northeastern city of Sendai, putting in motion a series of events that led to a nuclear crisis. The Christian Science Monitor reports.
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.
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.
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.
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.
Japan combats crisis, the Fed considers inflation and Henry Kravis says hello. Here's some of what we’re watching — and therefore you should as well.
The catastrophic events of the past week or so in Japan have many reaching for their wallets, seeking to help the afflicted nation and its people. Unfortunately, writing a check to a Japan earthquake specific charity fund might not be the wisest choice.
The biggest earthquake to hit Japan in 140 years, measured 8.9 on the Richter scale according to the U.S. Geological Service.
Japan’s economy will overcome the aftermath of the earthquake and will rebound longer-term, said Steven Bernsetein, CEO of Oppenheimer Investments Asia.