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  • Precious metals

    Gold production may peak in 2015 - report

    TOKYO -- World gold production may peak this year, as plummeting prices for the precious metal make it difficult for companies to develop new mines. According to a report by the World Gold Council, the industry's market development organization,

    April 19, 2015 01:00 pm JST
  • Japan's nuclear power

    Reactor teardowns planned, but where will the waste go?

    TOKYO -- Four Japanese power companies plan to decommission a total of five aging nuclear reactors soon. But they have yet to find a home for the radioactive waste that will result -- not only spent nuclear fuel but also debris from the dismantled r

    April 19, 2015 01:00 pm JST
  • Consumer trends

    Solid economy gives Filipinos taste for finer things

    MANILA -- The consumer market in the Philippines is becoming more robust and vibrant as economic growth swells the ranks of the middle class. The Southeast Asian country's per capita gross domestic product is expected to exceed $3,000 this year,

    April 19, 2015 01:00 pm JST
  • Kokang snubbed

    How China helped along Myanmar peace

    YANGON -- Myanmar is close to peace after decades of internal strife. Government representatives met at the end of March with more than a dozen ethnic armed groups and agreed on a draft ceasefire. The Kachin Independence Organization, the la

    April 19, 2015 07:00 am JST
  • Earnings season

    Investors await fiscal 2014 results

    TOKYO - Japan Inc. is preparing to announce record profits for fiscal 2014 when earnings season gets into full swing next week. The yen's depreciation, as well as brisk personal spending and rising capital investment in the U.S., have helped many of

    April 19, 2015 07:00 am JST
  • Protesters, police clash in Seoul amid ferry disaster memorials

    SEOUL (Kyodo) -- Protesters clashed with riot police in central Seoul on Saturday night amid memorial ceremonies and marches being held this weekend to mark the one-year anniversary of the deadly Sewol ferry sinking in which 304 people, mostly high

    April 19, 2015 02:23 am JST
  • Myanmar development

    Foreign cash floods into resources

    YANGON -- Foreign investment in resources development is surging in Myanmar. Cash began gushing in last year after Myanmar opened the development of major offshore gas fields to foreign capital. According to a senior official of Myanmar's econom

    April 19, 2015 02:00 am JST
  • Nikkei earnings preview

    Suzuki profit likely down 5% in fiscal 2014

    TOKYO -- Japan's Suzuki Motor's group operating profit likely declined 5% from a year earlier to slightly less than 180 billion yen ($1.5 billion) in fiscal 2014, which ended March 31. The figure is roughly 10 billion yen less than the company a

    April 19, 2015 02:00 am JST
  • US-led finance at crossroads

    AIIB steals show at G-20 as IMF criticized

    WASHINGTON -- The China-led Asian Infrastructure Investment Bank won support from the international community at a meeting of Group of 20 leading nation finance chiefs that closed on Friday. The U.S., meanwhile, was criticized for failing to give gr

    April 19, 2015 02:00 am JST
  • Time 100

    Obama praises India's Modi in magazine

    NEW DELHI -- U.S. President Barack Obama lavished praise on Indian Prime Minister Narendra Modi in a short article for Time's list of 2015's 100 most influential people. The two leaders appear to be on friendly terms. When Obama visited India in

    April 18, 2015 11:43 pm JST
  • Rise of AIIB reflects growing presence of emerging economies

    WASHINGTON (Kyodo) -- A planned Chinese-led investment bank may not have been the major theme at a meeting of Group of 20 finance chiefs, but it drew significant attention amid the growing presence of emerging economies. On the sidelines of the

    April 18, 2015 07:40 pm JST
  • AIIB launch

    ASEAN members expect funding from new bank

    TOKYO -- In November 2014 in Beijing, Indonesian President Joko Widodo proposed to Chinese President Xi Jinping that the headquarters of the China-led Asian Infrastructure Investment Bank be located in Indonesia. It was not just an off-the-cuff

    April 18, 2015 01:00 pm JST
  • Honda tries for comeback

    Automaker hopes to regain lost ground

    TOKYO -- After being hit hard by safety concerns between 2013 and 2014, Honda Motor is now poised to regain some of the ground lost to rival automakers in Japan and overseas. Honda's push comes on the heels of it completing quality checks follow

    April 18, 2015 01:00 pm JST
  • Cryptocurrency revolution

    Southeast Asians get to grips with bitcoin

    TOKYO -- Bitcoin-based financial services, such as low-cost overseas remittances for foreign workers, are increasingly common in Southeast Asia. New services allow users to receive cash without having to deal with the technical aspects of the cr

    April 18, 2015 01:00 pm JST
  • Vietnam environment

    Finding civil society in the world's largest cave

    HO CHI MINH CITY -- Son Doong, the world's largest cave, is so vast that it has a self-contained climate and ecosystem. Located in Quang Binh, a province about 500km south of Hanoi, it has a massive roof formed millennia ago. The cave shelters a fas

    April 18, 2015 01:00 pm JST
  • Reliance Industries

    Profit up 8.5% in fourth quarter

    MUMBAI -- Reliance Industries' consolidated net profit rose 8.5% from a year earlier during the quarter ended March. It logged net income of 63.81 billion rupees ($1 billion). "In a time when the collapse of crude oil prices unsettled the hydroc

    April 18, 2015 10:00 am JST
  • G-20 to draw up investment strategies to drive growth

    WASHINGTON (Kyodo) -- Group of 20 finance chiefs agreed Friday to develop investment strategies to drive forward still moderate and uneven global growth in time for their next meeting in September, aiming to present them to a G-20 summit in November

    April 18, 2015 10:00 am JST
  • Futenma impasse

    No progress after first talks between Abe, Okinawa gov

    TOKYO -- Meeting face to face for the first time Friday, Japanese Prime Minister Shinzo Abe and Okinawa Gov. Takeshi Onaga simply restated their basic positions on building a controversial new American military base on the southern archipelago, movi

    April 18, 2015 06:16 am JST
  • Tighter market

    Asian price of plastic feedstock jumps

    TOKYO -- The price of styrene monomer, a feedstock for making plastic, has increased sharply in Asia this year on facility maintenance by producers and an uptick in demand in China. The spot price in Asia has shot up 57% from a recent low in ear

    April 18, 2015 06:02 am JST
  • Nikkei earnings preview

    Japan Steel Works op profit seen back on growth track

    TOKYO -- Japan Steel Works' operating profit will likely rise for the first time in seven years in fiscal 2015 on growing overseas sales of industrial machinery and steel pipe for natural gas pipelines. Group operating profit is seen shooting up

    April 18, 2015 05:55 am JST