The yen surged to a record high against the dollar and shares in Japan and elsewhere in Asia fell on Thursday after U.S. officials said the risk of a catastrophic radiation leak from an earthquake-stricken Japanese nuclear plant was rising.
The Group of Seven advanced nations will hold talks later on Thursday to discuss the impact of Japan's deepening nuclear crisis, Japanese officials said, while dismissing the need for joint intervention in currency markets.
SINGAPORE, March 17 - Brent crude fell by as much as 1 percent on Thursday to below $110 as Japan's worsening nuclear crisis buffeted stock markets, raising questions about the impact of the earthquake on growth and energy demand.
Mizuho Bank <8411.T> said that all of its automatic teller machines throughout Japan and its Internet transaction system have stopped working on Thursday, after computer glitches disrupted $7.3 billion worth of transactions over the previous two days.
Video game maker THQ Inc said it sold 375,000 copies of its new military-themed video Homefront on the first day of sales in North America.
The Group of Seven rich nations will discuss on Thursday possible steps to calm volatile financial markets roiled by fears about the deepening crisis in Japan.
The Phoenix small forward responds to Jalen Rose's Uncle Tom comment
The yen soared to a record high against the dollar on Wednesday as concerns escalated over a nuclear crisis in Japan, and investors nervously watched to see if Japanese authorities will step in to stem the currency's rise.
The United States is playing a key role in support of Japan's aid, search, and rescue efforts.
The governor of the region at the vortex of Japan’s growing nuclear crisis has expressed his anger over how Tokyo officials are managing the evacuation of the area around the damaged Fukushima Daiichi power plant.
The Japanese yen surged to an all-time high against the US dollar late Wednesday (New York time) as it surged over 340 pips, or 4.2 percent, against the US dollar in a span of roughly 30 minutes.
The S&P and Nasdaq dropped into negative territory for the year on Wednesday in a crush of trading on the perception Japan's nuclear crisis would continue to be a headwind for equities.
The earthquake in Japan caused insured losses of $12 billion to $25 billion, making it one of the costliest natural disasters in history for global insurers, according to risk modeling firm Eqecat.
A rare Wall Street downgrade stoked fears that Apple Inc's torrid growth is slowing and sent its shares sliding for the second straight day as nervous investors ponder the impact on the tech industry from Japan's largest-ever earthquake.
The S&P 500 and Nasdaq turned negative for the year on 2011's highest volume in a sharp selloff on Wednesday as investors feared Japan's nuclear crisis could worsen.
The head of the International Atomic Energy Agency (IAEA) has warned that Japan faces a “serious situation” at its troubled Fukushima Dai-Ichi nuclear power plant, but added that the situation is not yet out of control.
Apple Inc
shares slid for a second straight day after a rare broker downgrade stoked worries that the company's torrid pace of growth will slow.The disaster at the Fukushima Daiichi nuclear power stations in Japan could have long-lasting effects that go beyond the radiation exposure measured directly from the site, according to one anti-nuclear group.
Producer prices surged in February at their fastest pace in 1-1/2 years, data showed on Wednesday, a day after the Federal Reserve said it had a watchful eye on inflation pressures it expects to subside.
A rare Wall Street downgrade stoked fears that Apple Inc's torrid pace of growth is slowing, sending shares in the world's largest technology company sliding for the second straight day.
There is now one more catalyst that can push up oil prices.
Japan's devastating earthquake and deepening nuclear crisis could result in losses of up to $200 billion for the world's third largest economy but the global impact remains hard to gauge five days after a massive tsunami battered the northeast coast.
