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Weather Natural Disasters

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  • HOUSTON, June 16- Tropical Storm Bill hurtled toward the Texas coast from the Gulf of Mexico early on Tuesday with heavy rains and strong winds, the National Weather Service said, weeks after floods killed about 30 people in the state. Flash flood watches were in effect for central Texas and the Houston area, regions where floods last month swallowed thousands of...

  • Japan to raise reconstruction spending by 6.5 trln yen Tuesday, 16 Jun 2015 | 7:00 AM ET

    TOKYO, June 16- Japan will increase spending on reconstruction from the 2011 earthquake by 6.5 trillion yen in the five-year period starting from next fiscal year, a government source familiar with the matter said on Tuesday. Prime Minister Shinzo Abe's government will fund 3.2 trillion yen of this increase by shifting money from the national budget to a...

  • LONDON, June 16- U.S. crude oil prices edged up on Tuesday, supported by warnings that a tropical storm threatened to hit the coast of the oil-producing state of Texas, but oversupply weighed on Brent. U.S. crude, also known as West Texas Intermediate, was up 34 cents at $59.86 a barrel at 1044 GMT, staying within a range of $57- $62 per barrel that has been in place since the...

  • Tropical Storm Bill bears down on Texas coast Tuesday, 16 Jun 2015 | 5:08 AM ET

    HOUSTON, June 16- Tropical Storm Bill hurtled toward the Texas coast from the Gulf of Mexico early on Tuesday with heavy rains and strong winds, the National Weather Service said, weeks after floods killed about 30 people in the state. Flash flood watches were in effect for central Texas and the Houston area, regions where floods last month swallowed thousands of...

  • SINGAPORE, June 16- Crude prices rose after a cautious start on Tuesday, boosted by warnings that a tropical storm was about to hit the coast of oil producing state Texas. The U.S. National Hurricane Center issued a tropical storm warning on Tuesday morning at 0200 GMT for the Texas coast from Baffin Bay to High Island. "On the forecast track the center... is expected to...

  • HOUSTON, June 15- A tropical disturbance packing heavy rains in the Gulf of Mexico was slated to drench the coast of Texas just weeks after floods killed about 30 people in the state, the National Weather Service said. Flash flood watches were in effect for central Texas and in the Houston area, regions where flooding last month turned streets into rivers,...

  • Nepal requests IMF loan program -IMF spokesman Thursday, 11 Jun 2015 | 10:33 AM ET

    WASHINGTON, June 11- The International Monetary Fund has received a request for financial assistance from Nepal that could total up to $50 million this year and $124 million overall. A spokesman said on Thursday that a mission will be going to Kathmandu later this month. The funds will help the country recover after a catastrophic earthquake hit April 25.

  • Cheap cars from Texas? Stay away! Tuesday, 9 Jun 2015 | 10:25 AM ET
    Texas Floods May 2015

    Industry experts warn that thousands of flood-damaged cars could soon enter the auto market. NBC News reports.

  • CALGARY, Alberta, June 8- Canadian Natural Resources Ltd expects two oil sands projects in northern Alberta to return to normal rates of production this week, the company said on Monday, more than two weeks after output was first shut in by wildfires. Fellow Canadian oil company Cenovus Energy Inc also evacuated its 135,000 bpd Foster Creek project in northern...

  • MEXICO CITY, June 4- Hurricane Blanca weakened slightly off Mexico's Pacific coast on Thursday but could restrengthen as it continues moving toward tourist resorts at the southern tip of the Baja California peninsula, the U.S. National Hurricane Center said. Blanca, the second hurricane to form off Mexico's Pacific coast this year, was about 435 miles south of...

  • CALGARY, Alberta, June 4- Production at two of Canada's major oil sands operations remained suspended on Thursday as wildfires continue to rage in northern Alberta. Cenovus Energy Inc's 135,000 barrel per day Foster Creek oil sands project and Canadian Natural Resources Ltd's 80,000 bpd Primrose site have been shut for a week after staff were evacuated when a...

  • MEXICO CITY, June 4- Hurricane Blanca weakened to a category 2 storm off Mexico's Pacific coast on Thursday but it is forecast to strengthen as it heads toward tourist resorts at the southern tip of the Baja California peninsula, the U.S. National Hurricane Center said. Blanca, the second hurricane to form off Mexico's Pacific coast this year, was about 465 miles...

  • Owner of capsized China ship told to dock second vessel Thursday, 4 Jun 2015 | 12:49 AM ET

    The death toll from the stricken Eastern Star, which overturned in a freak tornado on Monday night, has risen to 65, but more than 370 people are still unaccounted for. The boat is owned by Chongqing Eastern Shipping Corporation. An official at the Changjiang River Administration of Navigational Affairs told Reuters the Chongqing Eastern Shipping...

  • CALGARY, Alberta, June 3- Canadian Natural Resources Ltd said on Wednesday it is ramping up production at its 30,000 barrel per day Kirby South oil sands project in northern Alberta as the wildfire threat in the region eases. The company was forced to cut production to 12,000 bpd last week because of wildfire disruptions. Spokeswoman Julie Woo said only minor...

  • MEXICO CITY, June 3- Hurricane Blanca strengthened to a category 4 storm off Mexico's Pacific coast on Wednesday and was expected to bear down on a tourist hub at the southern tip of the Baja California peninsula, the U.S. National Hurricane Center said. Blanca, the second hurricane to form off Mexico's Pacific coast this year, was about 420 miles south-southwest...

  • Rescue operations continue for capsized Chinese ferry

    Chinese rescuers are racing against the clock to find survivors from a capsized cruise ship, which sank in a storm on the Yangtze river Monday night. CNBC's Eunice Yoon reports.

  • CALGARY, Alberta, June 2- The threat of wildfires to oil sands projects in northeastern Alberta eased on Tuesday as two companies forced to evacuate staff from the region began checking equipment abandoned for more than a week, though production has not yet resumed. Canadian Natural Resources Ltd said on Tuesday its staff are making safety checks at its...

  • CALGARY, Alberta, June 1- Firefighters made progress battling wildfires in northern Alberta on Monday that have shut in 10 percent of total oil sands production, and workers began returning to some sites to assess damage. The Western Canadian province of Alberta is the major source of U.S. oil imports. The wildfire hazard in the Lac la Biche region, where Cenovus...

  • New California water rules fall short: Scientists Monday, 1 Jun 2015 | 4:34 PM ET
    The New Melones Lake reservoir east of Stockton, California.

    California's new urban water use rules go into effect Monday, but the state must do more to prepare for the "new normal," a group of scientists say.

  • CALGARY, Alberta, June 1- Firefighters made progress tackling wildfires in the key oil-producing region of northern Alberta on Monday, although a number of oil sands projects stayed shut down, keeping around 10 percent of total oil sands production offline. The Western Canadian province of Alberta is the major source of U.S. oil imports. The wildfire hazard in...