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Tsunami

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  • 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.

  • Five Things We're Watching: March 14, 2011 Sunday, 13 Mar 2011 | 7:41 PM ET
    Japan Ground Self-Defense Force members continue rescue

    Japan faces earthquake aftermath and nuclear emergency, Gaddafi wins gains against rebels, and the Rajaratnam trial continues. 

  • Rescue workers check the remains of a tsunami devestated house

    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.

  • Fukushima Dai Ni Nuclear Power plant

    The unfolding crisis at the two reactors, both at the Fukushima Daiichi Nuclear Power Station, feeds into a resurgence of doubts about nuclear energy’s safety — even as it has gained credence as a source of clean energy, the New York Times reports.

  • Japan Says Partial Meltdown Likely at Second Reactor Saturday, 12 Mar 2011 | 11:31 PM ET
    An aerial view shows the quake-damaged Fukushima nuclear power plant in the Japanese town of Futaba, Fukushima prefecture on March 12, 2011. Japan scrambled to prevent nuclear accidents at two atomic plants where reactor cooling systems failed after a massive earthquake, as it evacuated tens of thousands of residents.

    A partial meltdown was likely under way at a second nuclear reactor, a top Japanese official said Sunday, as authorities frantically tried to prevent a similar threat from nearby unit following a catastrophic earthquake and tsunami.

  • Danger Posed by Radioactivity in Japan Hard to Assess Saturday, 12 Mar 2011 | 7:39 PM ET
    An aerial view shows the quake-damaged Fukushima nuclear power plant in the Japanese town of Futaba, Fukushima prefecture on March 12, 2011. Japan scrambled to prevent nuclear accidents at two atomic plants where reactor cooling systems failed after a massive earthquake, as it evacuated tens of thousands of residents.

    The central problem in assessing the degree of danger is that the amounts of various radioactive releases into the environment are now unknown, the New York Times reports.

  • Japan Quake's Financial Impact: Five Things to Watch Friday, 11 Mar 2011 | 1:12 PM ET
    A factory building has collapsed in Sukagawa city, Fukushima prefecture, in northern Japan. A massive 8.9-magnitude earthquake shook Japan, unleashing a powerful tsunami that sent ships crashing into the shore and carried cars through the streets of coastal towns.

    While commodity and currency markets took the biggest immediate hit from Friday's earthquake and tsunami in Japan, the damage will be felt throughout the world's economy and the US.

  • Carnival Cuts 2011 Outlook Amid Rising Fuel Prices Friday, 11 Mar 2011 | 11:18 AM ET

    Carnival's first-quarter earnings will fall short of Wall Street expectations and the cruise operator is cutting its full-year earnings outlook.  The Miami company blamed rising fuel prices and some itinerary changes in the Middle East and North Africa for the reduction to its 2011 guidance.