Japan tried to keep the yen in check on Tuesday as it grapples with the aftermath of a deadly earthquake and tsunami, warning markets that Tokyo was keeping a close watch on the currency and would act together with its G7 partners if needed.
Japanese shares rose almost 4 percent on Tuesday while government bond futures slipped as reports of progress to contain radiation leaks at a quake-hit nuclear plant prompted investors to buy back risky assets.
Japanese stocks jumped more than 4 percent on Tuesday amid reports of progress in stabilizing an earthquake-damaged nuclear plant and the yen edged up, putting traders on heightened alert for more central bank intervention.
Japanese stocks jumped nearly 4 percent on Tuesday amid reports of progress in stabilizing an earthquake-damaged nuclear plant, and the yen was broadly weaker on the prospects for further intervention by major central banks.
Sony <6758.T> said on Tuesday shortages of parts and materials would force it to reduce or suspend production at five additional plants in Japan following the catastrophic earthquake this month.
China's exports of rare earth metals burst through the $100,000-per-tonne mark for the first time in February, up almost ninefold from a year before, while the volume of trade stayed far below historical averages.
Global miner Rio Tinto said on Tuesday its first-quarter iron ore production would be hit by a string of cyclones that swept through its mining operations in Australia last month.
The Dow Jones Industrial Average climbed back above 12000, boosted by a major telecommunications deal and a jump in energy stocks as oil prices leapt.
Japan automakers in the first two weeks after the March 11 earthquake and tsunami will lose about 65 percent in light vehicle production, industry consultant IHS Automotive Insight said Monday in a report.
TMZ is reporting that actor Charlie Sheen is planning to take his one-man show tour to Haiti.
Japanese authorities are struggling to ascertain data and information on the number and status of foreigners who were in Japan when the earthquake and tsunami struck ten days ago.
Nokia faces shortages of some phones due to disruption caused by Japan's devastating earthquake, although the mobile phone maker said the impact on earnings would be limited.
The financial impact to Japan from last week’s earthquake-tsunami could be as high as $235-billion, according to a report issued on Monday by the World Bank.
Oil prices rose more than 1 percent on Monday as U.N.-mandated airstrikes on Libya and spreading protests and unrest in the Middle East reinforced concerns about potential threats to oil supply from the region.
US stocks jumped higher on positive news from Japan and AT&T’s acquisition of T-Mobile.
G7’s coordinated effort to weaken the Japanese yen was a surprise to most. Douglas Borthwick of Connecticut-based Faros Trading, however, anticipated this development.
Some Japanese are outraged by the alarmist tone and sensationalistic reporting of the earthquake-tsunami tragedy by foreign media. Some media sources have just plain printed factual errors.
Commodities trader Glencore is seen clinging on to plans for a bumper London listing by the end of May, despite global stock market uncertainty, according to a Reuters poll of fund managers.
Sales of previously owned U.S. homes plunged in February and prices hit their lowest level in nearly nine years, implying a housing market recovery was still a long way off.
Tokyo Electric Power Company is reporting that as of 7 a.m. Eastern time power is available in the four damaged reactors at the Fukushima Daiichi nuclear power plant, which will help to stabilize the reactor cores and the spent fuel pools.
Glencore's top management, led by chief executive Ivan Glasenberg, is starting several days of meetings with big U.S. fund managers who could support its flotation, two people familiar with the matter said.
Tiffany & Co expects sales growth in markets like China and Australia this year to help make up for the earthquake and tsunami that are hurting results in Japan, its second-largest market.
