The yen traded near a record high against the dollar on Thursday, hovering around levels that traders fear could test Japanese authorities' resolve to weaken the currency through direct market intervention.
The level of radiation level rose at the quake-damaged Fukushima No. 1 nuclear plant on Thursday night after Japanese government fire trucks started shooting high-pressure water streams at the troubled No. 3 reactor, according to the Tokyo Electric Power Co. (TEPCO).
Stocks were poised to bounce back at the open on Thursday, a day after Wall Street wiped out most of its gains for the year, but Japan's nuclear crisis was set to drive trading in another volatile session for markets.
Almost a week after the devastating earthquake and tsunami that struck off the coast of Sendai, Japanese emergence personnel and citizens are still working through the wreckages to salvage, recovery, and eventually rebuild what was lost.
While the tsunami that crashed into Hawaii did not apparently cause any casualties among humans, it did kill tens of thousands of seabirds, including thousands of albatrosses and other endangered species, at a wildlife sanctuary in the Midway atoll, 1300 miles northwest of Hawaii, according to U.S. wildlife officials.
FedEx Corp, the world's largest cargo airline, forecast improved revenue and margins in the current quarter and beyond, boosted by strong demand.
The Japanese government has warned residents of Tokyo that a massive blackout may occur in the metropolitan region Thursday as power demand soared overnight due to freezing temperatures.
FedEx Corp, the world's largest cargo airline, forecast improved revenue and margins in the current quarter and beyond, boosted by strong demand.
The yen briefly hit record highs versus the dollar on Thursday as quake-hit Japan's nuclear crisis unleashed a global risk sell-off, while world stocks traded higher after Tokyo stocks came off earlier lows.
Stock index futures bounced on Thursday, a day after Wall Street wiped out much of its gains for the year, but news on Japan's nuclear crisis was set to drive trading in another volatile day for markets.
As foreigners in Japan become increasingly desperate to flee the country, the British government has chartered planes to fly Britons in the country from Tokyo to Hong Kong.
Oil rose by more than $2 on Thursday as tensions in Saudi Arabia and Bahrain fueled fears of further supply disruption while investors weighed the impact on energy demand from quake-hit Japan.
Stock index futures bounced back on Thursday, a day after Wall Street wiped out much of its gains for the year, but increasing worry over Japan's nuclear crisis was set to drive trading in another volatile day for markets.
The capital of quake-tsunami-radiation-hit Japan, Tokyo is safe for travelers, according to a statement by International Federation of Red Cross and Red Crescent Societies (IFRC).
FedEx Corp, the world's largest cargo airline, is expected to report a third-quarter profit that rose from a year ago but was sideswiped by severe winter weather and spiking fuel costs.
Start the slideshow to view photos reflecting Japan's struggles as it recover from the devastation wrought by Friday's earthquake and an ensuing tsunami:
U.S. stocks declined to 2011 lows on Wednesday as worsening crisis at Japan nuclear reactor and weaker-than-expected housing data weighed on the sentiment.
Financial leaders of the world's richest countries will hold talks on Friday on ways to calm global markets roiled by Japan's nuclear plant crisis and concern it will unravel the world economy's fragile recovery.
The yen briefly hit record highs versus the dollar on Thursday as quake-hit Japan's nuclear crisis unleashed a global risk sell-off, while world stocks ticked higher after Tokyo stocks came off earlier lows.
The scandalous 'Two and Half Men' actor Charlie Sheen is expected to give a major boost to the Japan relief fund as his estimated earnings from his upcoming tour gigs has been put up at $300,000, a part of which he has vowed to donate to Red Cross.
Apple has managed to significantly cut the thickness and weight of iPad 2 by trimming the dimensions of several key components, most notably the battery, according to a new report by IHS iSuppli.
Kate Middleton's sheer dress that reportedly caught the eye of Prince William during the 2002 St. Andrews University annual charity fashion show is set to be auctioned.
