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Yen surge raises FX intervention risks

Japan is expected to step into the currency markets to curb the yen's surge to record highs against the dollar and has a better chance of success if it wins the blessing of the Group of Seven industrial nations.
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Five banks in Libor probe: source

Regulators probing alleged manipulation of Libor rates, the benchmark for interbank borrowing costs, are focusing on five lenders, a person familiar with the matter said on Thursday.
Hillary Clinton

U.S. Supports Libya No-Fly Zone, Seeks Broader Action

U.S. Secretary of State Hillary Clinton said on Thursday that establishing a no-fly zone over Libya would require the bombing of air defenses, as the U.S. seeks broad action to protect civilians fighting Libyan leader Muammar Gaddafi's regime.
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Energy lifts inflation, jobless claims decline

Consumer prices rose at their fastest pace in more than 1-1/2 years in February, driven by higher food and energy prices, but underlying inflation pressures remained generally contained.
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Instant view: Jobless claims fall, CPI rises

New U.S. claims for unemployment benefits fell as expected last week, with the four-week moving average dropping to its lowest level in more than 2-1/2 years, pointing to a strengthening labor market.
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FedEx outlook bright on growing demand

FedEx Corp, the world's largest cargo airline, forecast improved revenue and margins in the current quarter and beyond, and sees more shipments for reconstruction in Japan.
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Wall Street set to rebound as volatility seen on Japan

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.
A baby Albatross sits in front of a power plant that survived the "Battle of Midway" on Midway Island

Tsunami killed thousands of seabirds in Hawaii wildlife sanctuary

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.
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February consumer price rise biggest in 1-1/2 years

Consumer prices rose at their fastest pace in more than 1-1/2 years in February, driven by higher food and energy prices, a government report showed on Thursday, but underlying inflation pressures remained generally contained.
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Honda recalls 21,700 Civics in U.S., Canada

Honda Motor Co is recalling about 21,700 of its current-model compact Honda Civic cars due to the possibility that fuel will leak in a roll-over crash, the company and U.S. regulators said on Thursday.
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Yen hits record high, while world stocks stabilize

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.
Google

Google Profit View Raised at Benchmark

Benchmark Capital raised profit estimate of Google Inc. (NASDAQ: GOOG) as channel checks reveal strong search advertising, which is driving double-digit cost-per-click (CPC) growth.
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Oil up $2 to over $112 on Middle East unrest

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.

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