World shares bounced back strongly from recent losses on Wednesday as investors took comfort from the Federal Reserve's pledge to keep interest rates near zero for two more years.
An Antarctic ice shelf that had remained unshuffled for 46 years was broken by the Japanese tsunami in March, scientists have discovered. The Sulzberger Ice Shelf in the Antarctic registered the impact of the Japanese tsunami in 18 hours, when a huge iceberg began disintegrating and floating off to the Ross Sea.
A powerful tsunami in Japan back in March sent waves more than 8,000 miles away that sliced off icebergs in Antarctica twice the surface area of Manhattan, NASA scientists say. Details of the finding, the first observation of its kind, can be found in an article published in the Journal of Glaciology.
The Federal Reserve on Tuesday took the unprecedented step of promising to keep interest rates near zero for at least two more years and said it would consider further steps to help growth, sparking a rebound in stocks.
The Tsunami generated by the powerful earthquake that shook Japan on March 11 sent waves an entire hemisphere away that sliced off about 50 square miles of icebergs in Antarctica that were twice the surface area of Manhattan, NASA scientists say. Kelly Brunt, a cryosphere specialist at Goddard Space Flight Center, and her colleagues were able to link the calving of icebergs from the Sulzberger Ice Shelf in Antarctica following tsunami that sent waves 8,100 miles away.
The Federal Reserve on Tuesday took the unprecedented step of promising to keep interest rates near zero for at least two more years, adding it was considering further action, sparking a rebound in stocks.
Apple has done it again - after blocking rival Samsung from selling its Galaxy Tab 10.1 tablet in Australia, the technology giant managed, Monday, to get a preliminary injunction (or temporary restraining order) from a German court that prevents Samsung from selling Galaxy Tab 10.1 in the whole of Europe (excluding the Netherlands).
A German court ruled that Samsung Galaxy tablet computers cannot be sold in any EU country besides the Netherlands.
The United States faces one-in-four odds of slipping back into recession, and a weaker economic outlook is raising the likelihood the Federal Reserve will soon do more to boost growth, a Reuters poll shows.
Read Tuesday's full statement from the Fed.
In response to a slowing economy, the U.S. Federal Reserve, despite some internal dissent, announced Tuesday that it plans to keep monetary policy stimulus in place, noting that it will keep short-term interests rates exceptionally low through at least mid-2013. The Fed will also continue to reinvest bond proceeds maturing in its portfolio.
The FOMC released the following statement on monetary policy on Aug. 9, 2011.
Sensei Keiko Fukuda, at 98, has finally achieved a 10th-degree black belt in judo, becoming the first woman and just one of four living people to reach that mark.
NASA scientists were able to observe for the first time the powerful effects of an earthquake and tsunami combined, which broke off large icebergs a hemisphere away off the coast of Antarctica.
James P. Zumwalt became the first American representative to attend the memorial service on the anniversary of the atomic bombing of Nagasaki, Japan, on Aug. 9, 1945.
NASA scientists were able to observe for the first time the powerful force of an earthquake as it calved off large icebergs a full hemisphere away from the epicenter.
Japanese policymakers voiced growing alarm on Tuesday as the yen scaled highs seen before last week's intervention and global stock markets crumbled under mounting fears of a new financial crisis.
Following a surprise U.S. debt rating downgrade by S&P?s last Friday, now attention turns to other AAA-rated countries, which are at the risk of similar downgrade.
Canada took a decade to win back its prized AAA rating after debt downgrades in the early 1990s.
The International Space Station will be operational until 2020s as NASA, Roscosmos, and partners in Japan, Europe, and Canada have reached consensus regarding the matter. "The international partners have been discussing extending the mission through 2028. At this point, there's no reason we wouldn't do that, said NASA spokesperson Joshua Buck.
Honda Motor Co is studying possible production bases overseas to replace export-bound car production in Japan that has been battered by a strong yen, a top executive said on Tuesday.
Japan's Finance Minister Yoshihiko Noda postponed a reported plan to announce on Tuesday his bid to replace unpopular Prime Minister Naoto Kan, saying he would focus on confronting global financial market turmoil.
