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  • GMR vs. Maldives

    Indian construction major seeks $803M over scrapped airport deal

    NEW DELHI -- Indian developer GMR Infrastructure is claiming $803 million in damages from the Maldivian government for "wrongful repudiation" of an agreement to develop Male International Airport after the project was re-awarded to a company from Ch

    November 27, 2014 01:00 pm JST
  • Investing in India

    Nippon Life to boost stake in Reliance Capital

    TOKYO -- Nippon Life Insurance said Wednesday it will increase its interest in India's Reliance Capital Asset Management to strengthen ties, and that the two companies will offer each other's products to retail customers. The Japanese insurer pl

    November 27, 2014 12:28 am JST
  • Singh and Sharma: India's agricultural policy is not sustainable

    In July, India single-handedly blocked a multilateral trade deal aimed at smoothing border and customs procedures, and which could easily have added $1 trillion to world trade. The newly elected government of Prime Minister Narendra Modi refused to

    November 27, 2014 12:00 am JST
  • Takashi Kurosaki: In fighting child labor, education pays

    Ending child labor and increasing children's access to education in developing countries will require economic incentives. What can we do to provide them? Many children around the world work outside the home, particularly in developing countries

    November 27, 2014 12:00 am JST
  • Crude oil prices are in for a protracted slump

    TOKYO -- International crude oil prices have been tumbling since summer, with U.S. crude oil futures declining to half the record high of $147 a barrel set in 2008. Lower oil prices will help improve corporate earnings and lead to a future uptur

    November 27, 2014 12:00 am JST
  • Indian motorcycle, car and parts industries give Modi a jump-start

    TOKYO -- Automakers in India are spending big in a boon for Prime Minister Narendra Modi. Their new factories will boost India's economy even before the new leader implements policies to encourage business. Motorcycle and truck makers, relativel

    November 27, 2014 12:00 am JST
  • Mixed signals in India

    Modinomics draws foreign investment, but domestic businesses slow

    MUMBAI -- Modinomics economic reforms have brought in a flood of foreign investment and propelled stocks to an all-time high, but real growth still remains elusive as domestic companies struggle to keep up with expectations. Foreign direct inves

    November 26, 2014 05:15 am JST
  • Space exploration

    India Mars mission makes Time's 2014 innovation list

    NEW DELHI -- India's Mars mission "Mangalyaan," which successfully entered the orbit of the Red Planet nearly two months ago on its first attempt, has been named one of the best inventions of 2014 by Time Magazine. The U.S. weekly's list also includ

    November 25, 2014 02:00 pm JST
  • Global auto sales

    Economic, political woes slow new-car sales in developing nations

    GUANGZHOU, China -- Economic and political uncertainties have slammed the brakes on new-car sales in emerging economies, and winning over these markets has once again become a pressing goal for the world's automakers. The number of new cars sold

    November 25, 2014 04:27 am JST
  • Petrochemical plunge

    After summer highs, prices dive

    TOKYO -- Asian markets have seen prices of basic petrochemicals plunge since summer as supplies rebound and downstream demand softens. Spot prices of ethylene have fallen 20% since summer to between $1,200 and $1,240 per ton. Prices for benzene h

    November 24, 2014 07:00 am JST
  • Economic ties

    India Ex-Im Bank to issue yen bonds for Sri Lankan rail repairs

    TOKYO -- The Export-Import Bank of India will issue 10-year samurai bonds to raise 20 billion yen ($167 million), planning to use the money for a railway repair project in Sri Lanka. The project is part of efforts to strengthen economic ties bet

    November 24, 2014 03:34 am JST
  • China in South Pacific

    Making overtures to island nations in strategic backyard

    BEIJING -- China is offering generous financial support to countries in the South Pacific in hopes of strengthening its economic and military influence and eclipsing the Taiwanese and American presence in the region. President Xi Jinping met Sat

    November 24, 2014 03:08 am JST
  • Slippery commodity

    Crude oil prices may face protracted slump

    TOKYO -- International crude oil prices have continued to tumble since this past summer, with U.S. crude oil futures declining to half the record high of $147 a barrel set in 2008. Lower oil prices will lead to improvements in corporate earnings

    November 23, 2014 01:00 pm JST
  • India urban development

    Delhi Metro and Gujarat smart city ranked as world-class projects

    NEW DELHI -- Delhi Metro, the capital's public transport lifeline, and Gujarat International Finance Tec-City (GIFT), the first smart city in the world's second most populous country, have been included among six major development schemes in India o

    November 22, 2014 06:37 pm JST
  • Asia's ultrarich

    Region's wealthy population seen topping Europe's in 2027

    SINGAPORE -- Asia's population of ultrarich individuals -- people with net assets of at least $30 million -- is expected to exceed that of Europe in 2027, according to a report compiled by research company Wealth-X and investment bank UBS. Growt

    November 20, 2014 07:28 pm JST
  • Karl Kaltenthaler

    Islamic State 'outbidding' al-Qaida in South Asia

    The landscape of violent extremist Islamism is changing in Asia. Al-Qaida, once a growing and potent threat, particularly in Afghanistan and Pakistan, is now a shadow of its former self. In the late 1990s, al-Qaida co-ran Afghanistan with the Ta

    November 20, 2014 12:00 am JST
  • Karl Kaltenthaler: Islamic State 'outbidding' al-Qaida in South Asia

    The landscape of violent extremist Islamism is changing in Asia. Al-Qaida, once a growing and potent threat, particularly in Afghanistan and Pakistan, is now a shadow of its former self. In the late 1990s, al-Qaida co-ran Afghanistan with the Ta

    November 20, 2014 12:00 am JST
  • Islamic State: The new face of terror

    In its quest to acquire manpower and support for its operations in Syria and Iraq, the Islamic State militant group is making deep inroads into Asia -- and achieving a level of success that al-Qaida could only have dreamed of. The growing presence o

    November 20, 2014 12:00 am JST
  • Kamal Alam: Syria offers clues to Islamic State's future in Asia

    One of the more remarkable documents found in the Osama bin Laden compound included a letter to the Islamic State group of Iraq and Syria cautioning Abu Musab al-Zarqawi over his group's extreme violence. The insurgency in Fallujah and Tal Afar

    November 20, 2014 12:00 am JST
  • Gi-Wook Shin: Can Asia emulate Silicon Valley?

    The city of Cupertino, California, is only about 15km from Stanford University, where I teach and live. It is home to the headquarters of Apple, a global leader in the computer and smartphone industries. It is also home to many Indian and Chinese en

    November 20, 2014 12:00 am JST