IBT Staff Reporter

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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.

Yen hits record high versus dollar

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.

Brent crude up $1 to over $111 on MidEast unrest

LONDON, March 17 - Oil was up over $1 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.

Brent crude rebounds to $111 on Middle East

SINGAPORE, March 17 - Brent reversed early losses to hold above $111 on Thursday as tensions in the Middle East kept a floor under prices, while investors continued to weigh the impact on energy demand from a worsening nuclear crisis in quake-hit Japan.

Yen spikes, Asian stocks fall as Japan crisis deepens

The yen surged to a record high against the dollar and Asian shares fell on Thursday after U.S. officials said the risk of a catastrophic radiation leak from an earthquake-stricken Japanese nuclear plant was rising.

BofA, Citi and Barclays receive Libor subpoenas: report

Bank of America, Citigroup and Barclays have received subpoenas from U.S. regulators probing the setting of the London interbank offered rate, or Libor, for U.S. dollars between 2006 and 2008, the Financial Times said, citing people familiar with the investigation.

Massive pedophile network busted

Police from around the world have arrested 184 suspected child sex offenders and identified over 200 victims of child abuse following one of the biggest investigations of its kind by law enforcement agencies across the world, the European Police Office (Europol) said.

Real Madrid 3-0 Lyon Goals and Highlights (VIDEO)

Real Madrid broke the jinx and qualified for the quarter-finals of the UEFA Champions League for the first time in seven years after a 3-0 victory over French side Olympique Lyon at the Santiago Bernabeu.

Brent crude rebounds towards $111 on Middle East

SINGAPORE - Brent crude reversed losses, heading back toward $111 after losing 1 percent earlier on Thursday, as investors weighed Middle East tensions against risks to demand from the nuclear crisis in quake-hit Japan.

Tokyo blames yen spike on speculators

Japanese officials blamed the yen's surge to a record high on speculators and kept markets on alert for a possible intervention ahead of Group of Seven talks later on Thursday about steps to calm financial markets roiled by Japan's deepening nuclear crisis.

Yen surges and global stocks fall as Japan crisis deepens

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.

Japan blames yen spike on speculators

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.

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