LONDON, April 16- "What's your interest in Bill and Ben in the pick?" A basic translation of that particular line of Cockney rhyming slang, originating in London's working class East End, would run something like: "Are you a buyer or a seller of dollar/yen at the daily benchmark rate-setting fix?» Read More
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.
Discussing whether the earthquake in Japan will expedite the country's looming debt crisis, with Sean Egan, Egan-Jones Ratings Company, and the Strategy Session team.
The yen plummeted and then rocketed higher after a massive earthquake and tsunami struck Japan early this morning, and traders expect plenty of choppiness as the day unfolds.
The massive earthquake that hit Japan came just before the close of Japan's stock market Friday. The Nikkei finished at a five-week low, down 1.7 percent, and Nikkei futures moved lower after the close. Here are some Japanese ADRs and ETFs to watch.
Discussing the Japan quake and resulting tsunami's impact on global and domestic stocks, with David Kelly, JPMorgan Funds; Jason Pride, Glenmede Investment Strategy; and Allan Nichols, Morningstar.
Friday's massive earthquake is yet another challenge to Japan's recovery but it may provide a jolt to the economy over the short term, Lawrence Summers, president emeritus of Harvard University and former director of the White House National Economic Council, told CNBC.
The 8.9 magnitude earthquake that hit Japan Friday will likely dent investor confidence in the short term, but is unlikely to derail the global economic recovery, analysts told CNBC.
There is an ongoing healthy debate about how much we should stick to principle and how much continued state intervention there needs to be as the global economy recovers, writes Moorad Choudhry.
The yen move is more "happenstance" than anything else, and indeed appears to be generally as overlooked as the fact that the Chinese yuan has appreciated 4.7 percent since July 2010.
The dollar has further to fall, says David Skarica, author of "THE GREAT SUPER CYCLE: Profit from the Coming Inflation Tidal Wave and Dollar Devaluation." But the long-term outlook for the yen is rosier - and there is China.
This is a great time to take fewer forex risks, says an FX strategist for Standard Chartered, and that's good news for traditional safe havens.
The dollar is continuing its slide and euro buyers are emerging, drawn by hopes for relatively attractive yields - but how long before Portugal needs a bailout? Your daily FX Fix, right here.
The dollar's failure to rally in tandem with other safe-haven currencies has investors wondering if it's lost that special status.
When Bette Davis said, "Fasten your seatbelts, it's going to be a bumpy night," she wasn't talking about the Japanese yen. But if the experts are right, you currency investors out there could do worse than to remember that warning.
Credit Agricole's head of global FX strategy expects the yuan to appreciate 4.5% this year, but the yen to move lower.
Calm is more or less prevailing in the currency markets, but don't expect that to last, these analysts say.
As investors fret about a default of Greece’s $300 billion debt bill, consider this: at $10.2 trillion, the Japanese bond market is the largest government debt market on the planet. And Hedge fund manager Kyle Bass, who made his first fortune betting against subprime mortgages, is now wagering that this market will collapse—soon.
The mantra on the lips of many Japanese chief executives these days is “overseas expansion”. With a shrinking domestic market due to a rapidly deteriorating demographic profile, they are keen to find new opportunities abroad. The FT reports.
RBC Capital Markets reveals which financial institutions could soon up their dividend. The "Fast Money" traders weigh in.
Two Japanese shipbuilders have called for urgent government action to tackle what they say is the unfair advantage enjoyed by South Korean rivals from an artificially cheap currency. The FT reports.