SPRINGFIELD, Ill.— Officials with the U.S. Department of Agriculture in Illinois plan to seek a federal disaster declaration to make farmers with flood-damaged crops eligible for assistance, as flood warnings persist along several state waterways, including the Illinois River. The declaration would make farmers who faced extensive spring and summer...» Read More
Japan's nuclear concerns are not comparable to the Chernobyl disaster, Cramer said.
Markets will stay sensitive to any developments with Japan's unfolding nuclear crisis or from Middle East trouble spots, and that could once more weigh on risk assets.
The Tokyo stock market should remain open for trading this week, the country's economy minister said Tuesday.
The March 2011 earthquake off the coast of Japan has rocked international markets as the world tries to gauge the reality of the human and economic devastation in the country.
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.
There is another problem building, and some fear it could lead to a much more widespread crisis in financial assets.
As investors have rushed to safe-haven currencies, the Canadian and Australian dollars have been hit hard - maybe too hard.
In light of the disasters in Japan, the decline in the U.S. stock market is not commensurate with what the impact would be on U.S. economic growth, according to economist Joe LaVorgna.
Shortly after 4 o'clock this morning, a small group of staffers at the U.S. Treasury trooped down a winding staircase into the basement of the building, entering a secure facility called the Markets Room, where the Treasury Department monitors global market conditions on a minute-by-minute basis.
Nouriel Roubini, the New York University economist who gained renown for predicting the financial crisis, sees dark days ahead for the yen.
It's a bad day to hold a risky currency, but anyone with Swiss francs, or even yen, is sitting pretty right now. It's time for your FX Fix.
The market reactions to the tragic events in Japan over the last few days have been rational and investors will need convincing the nuclear crisis has been averted before any rally according to Bob Parker, a senior advisor to Credit Suisse in London.
The Fed Tuesday is expected to show it remains committed to its easy money policies, which temporarily may take investor focus away from global events.
Following the huge losses on the Nikkei, with more than $700 billion dollars wiped off the Japanese market in just two sessions, one economist is predicting the tragic events in Japan will be an "excuse" 'to move to quantitative easing in all major markets.
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.
Natural gas was at a two-week high Monday as Japan's nuclear power shut down put the spotlight on global natural gas supplies, as an alternate fuel for electric power generation.
Japanese markets are behaving consistent with recent post-disaster pattern: a lower stock market, lower government bond yields and a mixed outcome for the currency.
Despite Japan's massive earthquake and tsunami's impact on global markets, the escalating violence in the Middle East still poses the biggest threat for investors, according to Shawn Matthews, CEO of Cantor Fitzgerald, a privately-owned investment bank.