PARIS, Feb 9- French water and waste group Veolia said on Tuesday it is talks to install a flood prevention system in the city of New Orleans that was devastated by Hurricane Katrina in 2005.. Veolia innovation director Laurent Auguste said a study will be carried out jointly with Swiss insurer Swiss Re and that Veolia- which operates the main New Orleans waste...» Read More
With many Japanese factories facing temporary or partial closure, the earthquake has left investors facing an uncomfortable truth: in the modern world, it can be tough to assess how convoluted cross-border linkages really work, in manufacturing as in finance, the Financial Times reports.
The type of containment vessel used in the stricken reactors in Japan has long been thought susceptible to failure in an emergency. The NYT reports.
To find them, Cramer goes "Off the Charts."
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.