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USD Gains as Dash to Safe Haven Currencies Gathers Pace Over Eurozone Fears

The U.S. dollar’s status as a safe-haven currency in risk aversion mode gains momentum again, as investors avoid risky assets amid intensifying concerns over the euroarea crisis. Besides, other safe-haven currencies such as Japanese yen (JPY) and Swiss franc (CHF), which also attract investors’ attention in risk-off environment, seems to be out of favor as their respective central banks doesn’t intend to see them appreciate.

Over and Out for Japan's Nuclear Industry?

The Tokyo Electric Power Company (TEPCO), the owners of the Fukushima Daiichi Nuclear Power Plant devastated by the March 2011 Tohoku Earthquake and Tsunami, reported a net-loss of $9.7 billion for the full year ending 31 March 2012. Reporting its annual figures on 14 May, these figures reflected an improvement of some 35 per cent over 2011's figures but insufficient to avoid 09 May's effective nationalisation of the company.

Youngster Ready To Become A Top Gunner

Ryo Miyaichi is planning on becoming one of Arsenal's best players in his time with the club, as the youngster returns to the Emirates after returning from a loan spell from Bolton.

Slowing Chinese Economy Yet to Find a Bottom

The slowing Chinese economy seems to have not yet found a floor as the latest trade data shows further evidence that the world’s second largest economy is still struggling to post a strong rebound.

Kiss N Sell: Teacup Used by Lady Gaga Fetches £46,000 in Auction

A tea cup and saucer, once used by singer Lady Gaga, has been auctioned for a huge amount of £46,000 in Japan.The cup is of Narumi-brand and Lady Gaga pledged to sell it to support relief efforts. Apparently, at that time, Lady Gaga had told reporters that the cup would be auctioned in the charity event. The blue, white and gold cup hasn't been washed since the pop star drank from it.