JAPAN

IBTimes Logo

Hedge funds lead worst 2-day stock rout since '87

Japanese stocks plunged 10.6 percent on Tuesday, posting the worst two-day losing streak since 1987, on reports of rising radiation near Tokyo, suggesting any deterioration at a quake-hit nuclear plant could trigger more panic selling led by hedge funds.
IBTimes Logo

Japan shares plunge on nuclear woes, hitting other assets

Japanese shares plunged more than 14 percent on Tuesday as fresh explosions rocked a damaged nuclear plant and triggered a rise in radiation levels, sending investors fleeing from riskier assets such as equities and commodities across Asia.
More news
IBTimes Logo

Japan economy shudders after shocks, BOJ pumps cash

Japan's central bank on Monday rushed to bolster markets in the wake of the country's worst disaster since World War Two and although the authorities said it was too early to put a figure on the damage, critics said a stronger initial response had been needed.
IBTimes Logo

TOPIX slumps 6 percent as nuclear crisis deepens

Japanese stocks slumped almost 6 percent and to their lowest level in nearly two years and government bond futures rose on Tuesday after a fresh explosion rocked a stricken Japanese nuclear power station and workers were ordered to leave, a sign the situation may be getting more serious.
IBTimes Logo

Aflac fires duck voice Gottfried over tweets

Disability insurer Aflac Inc fired comedian Gilbert Gottfried as the voice of its iconic duck on Monday after a series of Twitter jokes about the earthquake in Japan, Aflac's most important market.
10. Naoto Kan, Prime Minister of Japan

Japan’s nuclear crisis deepens

The government of Japan, already battling against the deadly ravages of Friday’s earthquake-tsunami, has warned that the troubled No. 2 reactor at the badly-damaged Fukushima No. 1 nuclear power plant was still unstable, almost nearly five hours after workers poured seawater into it to try to cool down the fuel rods
IBTimes Logo

NRG Texas nuclear plans seen in doubt after Japan

NRG Energy Inc's $10 billion nuclear plant expansion planned for South Texas may never get off the drawing board as repercussions from the nuclear disaster in Japan spread, analysts said on Monday.
IBTimes Logo

World Market Overview 15/03/2011

U.S. stocks ended lower on Monday, as investors were worried about the impact of the devastating earthquake and tsunami in Japan on the global economy.
IBTimes Logo

Japan hurts markets, but selling could wane

U.S. stocks fell in the aftermath of Japan's devastating earthquake on Monday, but other than specific industries such as nuclear power, the broad impact on equities was expected to be short-lived.
IBTimes Logo

U.S. confident Japan will handle economic challenges

The United States is confident Japan will be able to handle economic challenges in the wake of the earthquake and tsunami, and does not expect the disaster to stall the world's recovery from economic recession, a White House spokesman said on Monday.
IBTimes Logo

Nuclear industry in turmoil after Japan quake

Investors hammered companies that build nuclear reactors and supply them with fuel on Monday as Japan struggled to avert a meltdown at a stricken reactor, on fear that the whole sector could be in for a downturn, in the short and medium term at least.
A man reacts as he finds his wife and child at the Red Cross hospital after they were separated by earthquake and tsunami, in Ishinomaki,

Looting absent amidst the gathering horror in Japan

Observers across the cyberworld have noticed something quite fascinating about the unfolding horror in Japan in the wake of the deadly earthquake and tsunami – a lack of looting by Japanese people, who, rather than take advantage of a crisis for personal gain, appear to be unified and behaving lawfully.
IBTimes Logo

Markets hurt by Japan, but selling could wane

U.S. stocks fell in the aftermath of Japan's devastating earthquake on Monday, but other than specific industries such as nuclear power, the broad impact on equities was expected to be short-lived.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.