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Image by ˙Cаvin 〄 via Flickr Precious metal futures dropped on Tuesday amid concern that Japan’s disasters may cripple the global economy. According to Peter Fertig, owner of Quantitative Commodity Research Ltd, “It is all related to the situation in Japan and some people might have to sell whatever they can to raise funds.” The [...]
Click Here For Full Gallery: 8.9-Magnitude Earthquake Hits Japan In the aftermath of Friday’s earthquake and tsunami, much remains unclear about the impact on Japan. But the possibility of radiation leaks at the island nation’s nuclear power plants shook markets around the world Tuesday and there was little clarity to halt a continued pullback from [...]
How will revolts, record earthquakes, tsunamis, record floods and sovereign debt effect your investments? We can’t remember a time when so much global turmoil occurred all at the same time. Perhaps during the Great Depression years we can find some similarities. This brings challenges to investors and investment professionals. Let’s try to figure this out. [...]
Image via Wikipedia Stocks are falling around the globe as traders and investors are barraged with the horrific, disturbing scenes from Japan and the endless discussion of what the disaster means to the macro view. While it is difficult to focus on the financial aspects of this massive human tragedy, unfortunately the business of the [...]
AP Photo Click Here For Full Gallery: 8.9-Magnitude Earthquake Hits Japan The opening bell on Wall Street Tuesday was greeted with a sea of red as fears of radiation leaks from Japanese nuclear power plants damaged by Friday’s earthquake slammed stocks around the world. Japan’s Nikkei 225 slumped 10.6% Tuesday, after a 6% drop Monday, [...]
Japan’s Nikkei 225 stock index plummeted another 10.6% on Tuesday, adding to a 6.2% drop on Monday, as radiation leakage from the crippled Fukushima Daiichi nuclear plant about 140 miles north of Tokyo escalated fears of a catastrophic meltdown. Japanese Prime Minister Naoto Kan advised residents living within 30 km (18.6 miles) to stay indoors or [...]
Click Here For Full Gallery: 8.9-Magnitude Earthquake Hits Japan Japan’s major equity index lost 6% Monday in the first day of trading since Friday’s tragic earthquake and tsunami, and saw an even steeper drop Tuesday as the Nikkei 225 slumped 10.6% on fears of a nuclear crisis set off by the disaster. Tuesday, Japan’s prime [...]
In a televised address to the nation, Japan’s Prime Minister Naoto Kan appealed for calm while announcing the risk of radiation exposure was rising after two more explosions at the Fukushima Daichi nuclear power plant. Kan expanded the evacuation zone to 12 miles around the nuclear plant. People within 18 miles of the complex were [...]
This post was written by Yas Idei, a freelance journalist living in Tokyo and longtime friend of mine. At 6:14 a.m.(4:14p.m EST) another explosion occurred at the Fukushima nuclear power plant. Two hours later, a very high level of radiation–eight times more than the a human body endures in a year–was detected within an hour [...]
Here is a description of the scene around Japan’s crippled Fukushima nuclear power plant. It was reported by phone by Hitoshi Katanoda, a photographer on the scene, who minutes ago called Forbes contributor Yas Idei in Tokyo. Here is Idei’s description of the conversation: “Hitoshi of Polaris who is near the plant just called me. [...]
Soho China, the Beijing real estate developer controlled by billionaire couple Zhang Xin and Pan Shiyi, said today it will add to its stake in a piece of Shanghai property in the city’s swank Xintianti development area. Soho will pay 788 million yuan, or $121 million, to Shanghai-listed Hua Li Family Group for a 31% stake in [...]
Uranium prices will fall in the short run – Wikipedia With the explosion of reactors one and three at the Tokyo Electric Power Company’s Fukushima Dai-Ichi plant, located 135 miles north of Tokyo, investors went on a panic sale of anything related to nuclear energy and specifically uranium. Experts at Ux Consulting (UxC), which produces [...]