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Japan supply paralysis spreads as firms cut output

Sony Corp <6758.T> cut output at five more plants and Toyota Motor Corp <7203.T> delayed restarting assembly lines, as the global supply of parts and products began to feel the full impact of Japan's catastrophic earthquake.

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Canadian regulators see no big environmental impact from a plan to expand a nuclear power station 70 km (45 miles) from Canada's biggest city, Toronto, but Greenpeace activists halted a second day of hearings with pleas for a delay while Japan unravels its nuclear mess.

World Market Overview 23/03/2011

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U.S. stocks pulled back in a sleepy session Tuesday as investors paused after a three day rally that helped the market regain ground after several weeks dominated by unrest in the Middle East and Japan's earthquake.
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Canada nuclear plan gets environmental OK

Canadian regulators see no big environmental impact from a plan to expand a nuclear power station 70 km (45 miles) from Canada's biggest city, Toronto, but Greenpeace activists halted a second day of hearings with pleas for a delay while Japan unravels its nuclear mess.
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U.S. airlines cut capacity to battle high fuel

Major U.S. airlines announced further 2011 capacity cutbacks to cope with the dramatic rise in fuel prices, and Delta Air Lines Inc said higher oil and the effects of the Japanese earthquake will hurt earnings in the current quarter.
A woman cries as she talks with her relative on the phone at a temporary city hall office where people check the list of missing people and the dead in Kamaishi

Number of dead and missing in Japan tops 22,000

The official death toll from Japan’s epic earthquake-tsunami catastrophe has now surpassed 22,000 (including people who are listed as missing), according to the National Police Agency.
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Markets edge lower, but VIX also drops

U.S. stocks edged lower on Tuesday following three days of gains, but further losses may be limited as investors have adapted to a defensive strategy.
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G7 yen-selling intervention estimated at Y530 billion

The Group of Seven (G7) countries may have sold a total of around 530 billion yen ($6.5 billion) on Friday as they intervened in forex markets to weaken the currency, data from the Bank of Japan showed on Tuesday.
Traders work on the floor of the New York Stock Exchange

US stocks waver in early trade

US stocks wavered between small gains and losses in early trade on Tuesday as investors watched with caution geopolitical developments in Japan and Libya.
A man pumps gas into his vehicle at a petrol station in New York

Oil Prices Cloud Economic Outlook: Fannie Mae

An unexpected jump in oil prices and the potential for further tightening of fiscal policy suggest less economic momentum than previously believed, according to the March 2011 Economic Outlook released today by Fannie Mae's (OTC Bulletin Board: FNMA) Economics & Mortgage Market Analysis Group.
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HP assessing Japan earthquake impact

Hewlett-Packard Co said on Tuesday it is assessing the impact to its business of the earthquake and tsunami that struck Japan earlier this month and that its office in Sendai, near the quake's epicenter, remains closed.

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