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  • India's Tata group to sink $35B into new fields

    MUMBAI -- The Tata group, India's largest conglomerate, plans to invest $35 billion over the next three years in select fields to fortify business in new areas. It will focus on retail, defense and aerospace, finance, and property and infrastruc

    July 31, 2014 01:57 am JST
  • Tejraj M. Aminabhavi: Biofuels promise a cleaner future

    Today, more than ever, global warming is a hot topic. The rapid depletion of fossil fuel reserves, skyrocketing oil prices and increasing greenhouse gas emissions have prompted scientists to search for eco-friendly alternatives, such as biofuels.

    July 31, 2014 12:00 am JST
  • Chinese yuan coming up in the world

    HONG KONG -- Companies the world over are increasingly using China's currency to make settlements for trade and investment as they seek to hedge risk and do more business with the massive Chinese market. Yuan-denominated settlements as a proport

    July 31, 2014 12:00 am JST
  • Nepal tourism hit hard by crises in mountaineering, casino industries

    KATHMANDU -- Temba Tsheri Sherpa, managing director of expedition operator Dreamers' Destination Treks and Expedition, was shocked when he heard reports of a deadly avalanche on Mount Everest's Khumbu Icefall, but confident that the April 18 disaste

    July 31, 2014 12:00 am JST
  • Honda eyes first record profit in 7 years in fiscal 2014

    TOKYO -- Honda Motor on Tuesday upgraded its full-year net profit guidance by 5 billion yen ($48.6 million) to 600 billion yen, with brisk Japanese sales of new compacts and minicars seen overcoming a slump after April's consumption tax hike. Th

    July 30, 2014 03:54 am JST
  • Sumitomo partners with Indian gas company in LNG

    TOKYO -- Sumitomo Corp. has teamed up with Indian state-owned natural gas distributor GAIL in the supply of liquefied natural gas. The companies are both involved in an LNG export project in the U.S. state of Maryland. Under the agreement announ

    July 29, 2014 03:47 am JST
  • Tracking India's black money

    NEW DELHI -- Within 24 hours of assuming office on May 26, India's new Prime Minister Narendra Modi set up a special investigative team to go after the huge amount of black money squirreled away by rich Indians in overseas tax havens. In 2012, t

    July 28, 2014 01:00 pm JST
  • State-owned energy, financial entities dominant in Asia

    TOKYO -- State-controlled enterprises have a huge presence in Asia, and their influence is especially strong in finance, energy and other fields essential to development. In China, state-owned or government-affiliated entities occupy nearly 90%

    July 27, 2014 01:00 pm JST
  • Latin American autoparts makers straddling Pacific

    TOKYO -- Autoparts and materials manufacturers from Latin America are gaining a foothold in Asia through business with global carmakers, helping to turn the region into more than just the so-called backyard of the U.S. Mexico has surfaced as a m

    July 26, 2014 05:22 am JST
  • Need for security network growing in Asia

    TOKYO -- When a flotilla of ships of the Russian Pacific Fleet called at the Vietnamese naval base at Cam Ranh in June, it was a clear indication that Vietnam was courting Russia in a bid to counter China's growing clout. The port call followed

    July 25, 2014 02:40 pm JST
  • Foreign companies accelerate cheap yen funding

    TOKYO -- Non-Japanese companies have been raising more funds in yen this year, with low interest rates lifting samurai loans to a record high in the first half. U.S. and European banks cut back on lending after the 2008 financial crisis, leading

    July 24, 2014 02:02 am JST
  • India faces challenges in pursuit of high growth

    The Indian government formed in May by new Prime Minister Narendra Modi has unveiled its first budget proposal, which gives priority in funds allocation to infrastructure buildup. This apparently is part of an effort to revive the economy and accele

    July 24, 2014 12:00 am JST
  • China poised to flex muscles via BRICS bank

    BEIJING -- Diplomacy has never resembled soccer -- with its uncertainty, intensity and massive audiences -- as much as it did following a meeting of Brazil, Russia, India, China and South Africa in Fortaleza, Brazil, on July 15, just two days after

    July 24, 2014 12:00 am JST
  • Weaponizing the world

    Military spending in 2013 showed year-on-year growth worldwide in all regions except for the U.S., Europe and Oceania. Increases were particularly high in emerging economies. China has nearly tripled its military spending over a decade, and now acco

    July 24, 2014 12:00 am JST
  • Rich-poor divide threatens Asia's political stability

    BANGKOK -- Political tumult continues in South and Southeast Asia and shows few signs of drawing to a close. Thailand, for example, is riven by policy and leadership disputes, particularly between the country's increasingly prosperous middle- an

    July 23, 2014 07:00 pm JST
  • Powerful aides keep Modi's premiership on track

    TOKYO -- The new government of Indian Prime Minister Narendra Modi, 63, and his Bharatiya Janata Party has gotten off to a reasonably good start. With the unveiling of the fiscal 2014 draft budget on July 10, the government's work to put the economy

    July 23, 2014 07:00 pm JST
  • China's Xi turns on the charm but will Modi be swayed?

    BEIJING -- Speculation is a favorite hobby of the Indian elite, but even the shrewdest players of political parlor games was surprised by Chinese President Xi Jinping's gift to Indian Prime Minister Narendra Modi when they met in Brazil on July 15.

    July 23, 2014 01:00 pm JST
  • Frederic Neumann: Developing Asia eyes boom in south-south funding sources

    The world's changing, again. For years, developing countries -- or, in today's parlance, "emerging and frontier markets" -- received the bulk of their external funding from multilateral agencies, such as the World Bank and the Asian Development Bank

    July 21, 2014 07:00 pm JST
  • Toyota tweaking India strategy with slightly pricier compact

    NAGOYA -- Toyota Motor is adjusting its strategy for India's auto market. Unable to gain much traction with the budget Etios, the company has decided to introduce the Vios compact by 2017, aiming at middle-class drivers who can afford to choose a ve

    July 19, 2014 05:59 am JST
  • Chinese yuan raising global profile

    HONG KONG -- Companies the world over are increasingly using China's currency to make settlements for trade and investment as they seek to hedge risk and do more business with the massive Chinese market. Yuan-denominated settlements as a proport

    July 19, 2014 04:24 am JST