SAN JUAN, Aug 29- Puerto Rico will delay until Sept. 8 the completion of its fiscal reform plan, the commonwealth's government said on Saturday, citing time spent on contingency disaster planning by the government in the run-up to Tropical Storm Erika. A working group appointed by Puerto Rico Gov. Tropical Storm Erika hit the eastern portion of Puerto Rico early on...» Read More
Fishermen who had escaped to sea before the tsunami hit this struggling coastal town landed small loads of crab on Saturday, while crews surveyed damage and a family combed the beach for any sign of a man who was swept away a day ago as he photographed the waves.
Traders went home Friday thinking about Japan's tragic earthquake and tsunami, more possible unrest in the Middle East, and Europe's sovereign debt problems.
After sinking initially on reports of the massive quake, the yen rallied strongly. Here's how you can trade it now.
U.S. companies reported varying impact from the 8.9 magnitude earthquake that shook Japan on Friday.
The economic impact from the tsumani that slammed into eastern Japan following one of the largest earthquakes ever recorded, 8.9 magnitude, will be felt in the near future, Sean Egan, founder partner and president of Egan-Jones Ratings Company, told CNBC on Friday.
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.
Residents need to be prepared for the strongest waves four to five hours after the first one hits, but there will be no "wave of water", one expert told CNBC.
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.
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 biggest earthquake on record to hit Japan in 140 years sent stock markets across the globe sharply lower, while the yen and oil prices also fell.
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.
Poll: Have The Recent Disasters Put You Off Travelling to Australia?
The 6.3-magnitude earthquake that struck New Zealand's second largest city last week killed at least 148 people and forced hundreds to evacuate for fear of further aftershocks.
Thousands have fled their homes and engineers have warned even "cyclone proof"homes could be shattered by the powerful winds. Here are some images.
Amid the volatility in the markets, wealthy individuals and big institutions are flocking to hedge funds that buy so-called catastrophe bonds and other investments tied to the probability of Gulf Coast hurricanes, Japanese earthquakes, large snowfalls in Canada and other natural disasters. The New York Times reports.
President Barack Obama's administration won't allow any new oil drilling in the eastern Gulf of Mexico for at least the next seven years because of the BP oil spill.
The National Flood Insurance Program is one big hurricane away from costing U.S. taxpayers billions of dollars. Experts say unless Congress makes some much needed changes to the program, taxpayers will find themselves footing the bill for another major disaster.
If you've made some gains in the stock markets this year and are thinking about putting that money to good use, find out what the top charitable causes in Asia are this year.
Two volcanoes erupted Thursday on Russia's far-eastern Kamchatka Peninsula, tossing massive ash clouds miles into the air, forcing flights to divert and blanketing one town with thick, heavy ash.