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  • ADB upbeat

    Bank chief dismisses ruble contagion concerns, commends Thailand

    BANGKOK -- Asian countries should not be overly worried about potential fallout from the Russian currency crisis, sliding oil prices and volatile commodity markets, as their economies are more soundly buttressed against external developments than th

    December 19, 2014 11:15 pm JST
  • President calls for 'drastic steps'

    Kyrgyzstan mulls gold mine's nationalization

    BISHKEK -- The Kyrgyzstan government is edging closer toward nationalizing Kumtor, the former Soviet republic's biggest exporter, employer and taxpayer, following a string of legal claims by foreign investors aggrieved about other projects. In a

    December 19, 2014 07:00 pm JST
  • Putin says Russian economic crisis could last for 2 years

    MOSCOW (Kyodo) -- Russian President Vladimir Putin said Thursday the country's economic crisis could last two years under the most unfavorable external economic scenario. Speaking at his annual press conference, Putin said the ruble's recent plu

    December 18, 2014 11:15 pm JST
  • Putin under pressure

    Beleaguered Russia faces a crossroads

    TOKYO -- Vladimir Putin's willingness to give ground and seek harmony with the West may determine not only the future of Russia but also global security down the road. Nine months after the annexation of most of the Crimean peninsula from Ukrain

    December 18, 2014 07:00 pm JST
  • Plummeting crude prices rattle markets

    TOKYO -- Plunging oil prices are undercutting the currencies of producing countries and sapping energy-related stocks. The volatility, meanwhile, is pushing investors into the yen and other safe havens. The Central Bank of Russia on Dec. 16 rais

    December 18, 2014 12:00 am JST
  • Economic trials

    Crashing crude hurting Russia's already reeling currency, economy

    MOSCOW -- Falling crude prices have severely weakened the ruble and damaged all aspects of the Russian economy, fueling concerns about increased credit risks here and their potential impact around the globe. The Central Bank of Russia raised th

    December 17, 2014 05:48 am JST
  • Rampant volatility taking toll

    Tumbling crude prices shaking financial markets

    TOKYO -- Plunging crude prices are sending shock waves around the world, undercutting the currencies of oil-producing countries and sapping energy-related stocks and corporate bonds while boosting the yen and other safe havens. The Central Bank

    December 17, 2014 03:27 am JST
  • Japan stocks

    Crude oil plunge causes Tokyo share sell off

    TOKYO -- The Nikkei Stock Average on Tuesday fell far below the 17,000 line, ending the day at 16,755.32. Until early in December, the Nikkei index was racing toward 18,000. What drove its momentum? And why is it now sharply down? Yasuo Saku

    December 16, 2014 07:00 pm JST
  • Russia raises rates in emergency move as ruble collapses

    MOSCOW (Reuters) - Russia's central bank raised its key interest rate to 17 percent from 10.5 percent early Tuesday in an emergency move to halt a collapse in the rouble as oil prices decline and the country's sanctions-hit economy slides toward rec

    December 16, 2014 11:30 am JST
  • UN report

    5 million face hardship in eastern Ukraine

    UNITED NATIONS -- More than 5 million people in eastern Ukraine are grappling with harsh living conditions caused by continued fighting between Russian-backed separatists and government forces, with the onset of winter worsening their hardship, says

    December 16, 2014 07:29 am JST
  • Brahma Chellaney

    From a nonaligned to multialigned India?

    When a country hosts Chinese President Xi Jinping, Russian President Vladimir Putin and U.S. President Barack Obama in rapid succession for bilateral meetings, it demonstrates its ability to forge partnerships with rival powers and broker cooperativ

    December 15, 2014 05:30 pm JST
  • Crude oil prices

    Are 'Cov-lite' loans the new subprime?

    TOKYO -- A collapse in oil prices has been shaking global stock markets of late. Lower crude prices bring advantages, including increased buying power and consumer spending, to resource importers like Japan. Exporting nations, on the other hand, wil

    December 15, 2014 01:00 pm JST
  • UN talks agree building blocks for new-style climate deal in 2015

    LIMA (Reuters) -- About 190 nations agreed on Sunday the building blocks of a new-style global deal due in 2015 to combat climate change amid warnings that far tougher action will be needed to limit increases in global temperatures. Under the de

    December 14, 2014 06:18 pm JST
  • Sanctions worth $40 billion a year

    Falling oil prices choke Russia's economy

    MOSCOW -- Russia's economy is sinking like a stone, as plunging oil prices drag down the value of the country's vital oil exports. The sharp fall in crude prices over the past few months has been a body blow to an economy already battered by We

    December 14, 2014 07:00 am JST
  • The oil sell-off continues

    Global equity markets get jitters

    TOKYO -- The drop in crude oil prices is unsettling stock markets around the world, not only because of its speed but also because of the difficulty of judging how good or bad it is for the global economy. Even veteran money managers are scratch

    December 13, 2014 07:39 am JST
  • Daniel Twining

    Asia should focus on its own 'pivot to Asia'

    Much has been made of the intensifying strategic competition between the U.S. and China, with Beijing working to edge America out of its Asian neighborhood even as Washington doubles down on its regional partnerships and presence. Less attention has

    December 12, 2014 10:00 am JST
  • Putin the salesman

    Russia to help build nuclear plants in India

    NEW DELHI -- Experiencing the economic sting of Western sanctions, Russian President Vladimir Putin has inked a deal on joint construction of at least a dozen nuclear reactors in India as part of an effort to deepen ties with the South Asian nation.

    December 12, 2014 06:28 am JST
  • Anita Inder Singh

    Why China can't lend its way to Asian dominance

    Infrastructure finance is a tool of geopolitics, and Beijing wants to be Asia's banker. China recently joined Brazil, Russia, India and South Africa -- the other members of the so-called BRICS group of developing countries -- in creating the New Dev

    December 10, 2014 01:00 pm JST
  • Emerging-market currencies

    Ruble hitting bottom on crude's decline, sanctions

    TOKYO -- Currencies of resource-rich emerging economies, such as the Russian ruble, have been weakened considerably by the drop in crude oil prices and other developments, fueling concerns of inflation and mushrooming external debt. Crude prices

    December 10, 2014 07:16 am JST
  • Gazprom's LNG

    Uncertainty engulfs Russia-Japan gas project in Vladivostok

    MOSCOW -- A gas project seen as a symbol of cooperation between Russia and Japan faces an uncertain future, in part because of Moscow's diplomatic predicament. State-run company Gazprom has been planning a plant in Vladivostok that would in

    December 4, 2014 07:00 pm JST