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  • Modi's austerity drive targets official extravagance

    NEW DELHI -- In an effort to rein in India's burgeoning fiscal deficit, Prime Minister Narendra Modi's government has announced a slew of austerity measures that include banning public officials from first-class air travel, holding meetings in five-

    November 1, 2014 12:30 am JST
  • Once-bankrupt Japanese movie studio revives with Asian market's help

    TOKYO -- Japanese movie studio Nikkatsu is performing a comeback drama in the Asian theater. Nikkatsu once thrived thanks to a series of blockbuster films, including "Taiyo no Kisetsu" ("Season of the Sun"), in which legendary Japanese actor Yuj

    October 30, 2014 07:00 pm JST
  • Jaguar Land Rover helping Tata Motors

    NEW DELHI -- Tata Motors is reaping the benefits of its $2.3 billion purchase of U.K.-based Jaguar Land Rover, six years after the deal went through. The buy, which went through at the height of the global financial crisis, was considered risky.

    October 30, 2014 06:55 pm JST
  • Brahma Chellaney: A broken international system?

    Three upcoming summits -- the Asia-Pacific Economic Cooperation meeting in Beijing, the annual East Asia Summit in Naypyitaw, Myanmar, and the G-20 summit in Brisbane, Australia -- will bring together a host of world leaders, including U.S. Presiden

    October 30, 2014 06:00 pm JST
  • India's Modinomics picks up speed on a bumpy road

    TOKYO -- Modinomics is gathering steam. India's government has implemented a string of economic reforms being promoted by Prime Minister Narendra Modi, particularly those under his slogan "Make in India" campaign, and more are set to come. But the w

    October 30, 2014 01:00 pm JST
  • Singapore Airlines charts new course for cash-burning Tigerair

    SINGAPORE -- Singapore Airlines is coming to the rescue of its Tiger Airways unit, a low-cost carrier scarred by competition in one of the world's toughest short-haul markets: Southeast Asia. Singapore-based Tigerair has been turning tail after

    October 30, 2014 02:18 am JST
  • Currencies of emerging economies face uncertain future

    Speculators are becoming cautious about buying high-yield, emerging-market currencies as the U.S. prepares to end its quantitative easing program. Buying of these currencies, which had been popular among individual investors in the rich world, a

    October 30, 2014 12:00 am JST
  • SoftBank begins trillion-yen India investment spree

    NEW DELHI -- SoftBank announced Oct.28 that it will invest $628 million in leading Indian e-retailer Snapdeal, just the tip of the iceberg on a plan to pour about $10 billion into the country's burgeoning Internet sector over the next decade. Th

    October 30, 2014 12:00 am JST
  • Daniel Twining: Upending the new global order

    The world has a new G-7. The Group of Seven once comprised the world's leading industrialized economies -- in North America, Europe and Japan. Now, the International Monetary Fund calculates the combined gross domestic product of the seven biggest e

    October 30, 2014 12:00 am JST
  • Kamal Alam: How to keep Islamic State from spreading beyond Mesopotamia

    The famed Pakistani poet Allama Iqbal once said that as long as Afghanistan burns Asia would burn, and that for the stability of Asia, the mountains of Afghanistan have to be peaceful. Today, as Syria and Iraq are engulfed by the Islamic State, one

    October 30, 2014 12:00 am JST
  • India embarks on LED energy-saving plan

    NEW DELHI -- LED lamps use much less energy than conventional lighting, but they cost a lot more to buy. So the Indian government has embarked on an ambitious plan to essentially pay people to replace their old bulbs with light-emitting diode lamps.

    October 30, 2014 12:00 am JST
  • SoftBank eyes India for its 'next Alibaba': Masayoshi Son

    NEW DELHI -- SoftBank chief Masayoshi Son calls India an "extremely exciting market," and he is ready to back that assessment with hard cash. Over the next decade, his company plans to invest 1 trillion yen ($9.16 billion) in the country. Follow

    October 29, 2014 07:00 pm JST
  • Japan and India team up to tap into Africa

    TOKYO -- Japan is partnering up with India to help Japanese companies set up in Africa. High-level government officials from the two countries will meet in India next month to discuss the plan. Africa's eastern and southern regions have a de

    October 29, 2014 02:30 pm JST
  • SoftBank locks on Indian Net sector with Snapdeal investment

    NEW DELHI -- SoftBank announced Tuesday that it will invest $627 million in leading Indian e-retailer Snapdeal, just the tip of the iceberg on a plan to pour about $10 billion into the country's burgeoning Internet sector over the next decade. T

    October 29, 2014 05:27 am JST
  • Globe-spanning framework eyed for taxing multinationals

    TOKYO -- Countries around the world are planning an international framework to prevent multinational corporations from avoiding taxes by skirting bilateral tax treaties. The 34 members of the Organization for Economic Cooperation and Development

    October 29, 2014 04:34 am JST
  • How to keep Islamic State from spreading beyond Mesopotamia

    The famed Pakistani poet Allama Iqbal once said that as long as Afghanistan burns Asia would burn, and that for the stability of Asia, the mountains of Afghanistan have to be peaceful. Today, as Syria and Iraq are engulfed by the Islamic State, one

    October 28, 2014 07:00 pm JST
  • Benn Steil: How the Fed roils emerging markets

    In April 2013, Ukraine was carrying a massive current-account deficit of 8%, and was desperate for dollars to pay for vital imports. Yet on April 10, then-President Viktor Yanukovych's government rejected terms set by the International Monetary Fund

    October 28, 2014 07:00 pm JST
  • Anita Inder Singh: India must ditch 'anything goes' attitude

    India's international credentials and its ability to play a greater security role in Asia hinge on its economic progress. That progress, in turn, will require a change of mindset on the part of the state, its citizens and its foreign investors.

    October 28, 2014 01:00 pm JST
  • India approves 20 FDI proposals across sectors

    NEW DELHI -- Foreign direct investment proposals worth nearly ten billion rupees ($161 million) from U.S.-based Amneal Pharmaceuticals and 19 other companies in different sectors have been approved by the Indian government. Russian conglomerate Sist

    October 27, 2014 11:35 pm JST
  • Ranjit Goswami: Capital shortage will hobble India's manufacturing drive

    India's Mangalyaan Mars probe, which recently entered orbit around the red planet, has focused world attention on a "Make in India" campaign launched by Prime Minister Narendra Modi in August. The new push sets the goal of expanding the country's ma

    October 27, 2014 07:00 pm JST