Japan's stock market index surges 4.4 percent as outlook for Japanese nuclear plant improves. Other stock markets in Asia, Europe little changed
Natural gas and other conventional fuel imports will rise after Japan's nuclear disaster. Asian exporters of natural gas, coal, and oil should see the biggest boost.
Japanese authorities began testing for radiation in seawater near the damaged Fukushima Daiichi nuclear plant on Tuesday, but officials stressed that the elevated levels are no cause for worry.
When the world’s third-largest economy is hit with its worst earthquake ever, a tsunami, and a subsequent nuclear crisis, the human and physical toll has been enormous. The disaster is also sending ripples through the world economy. Here is a look at four ways the Japanese crisis changes the investment landscape:
Even as radiation leaked from Japan's Fukushima nuclear plant, the US and Chile signed a nuclear power cooperation agreement, days ahead of President Obama's visit Monday.
Though the crisis at Japan’s Fukushima Daiichi nuclear plant appears to be stabilizing, the United States is stepping up inspections of the country’s 104 nuclear reactors. The US Nuclear Regulatory Commission today announced that inspectors will soon visit all US reactors to ensure they can withstand the kind of “severe accident” that led to Japan’s emergency. That emergency has caused many Americans to wonder about the future of nuclear power. Is it safe and dependable? Yes, says Tony Pietrangelo, chief nuclear officer and senior vice president of the Nuclear Energy Institute (the organization of the nuclear energy and technologies industry). Here’s why:
The disaster at the Japanese nuclear plant is already affecting how countries around the world think of nuclear power. Will it affect the price of electricity, too?
But workers made progress over the weekend on restoring electricity to the cooling system at Japan's Fukushima nuclear power plant, which will help stabilize overheated reactors.
Stock prices are up in Asia and Europe. Futures point to a rise in US stock prices at the open.
Tens of thousands of Japan earthquake evacuees survived for days on very little. Now supplies are getting through, but Prime Minister Naoto Kan warned that "life in the emergency refuge centers will continue for some time."