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  • Nickel price declines

    Russia ups exports amid weak ruble

    TOKYO -- Nickel prices have slumped of late. A number of factors are pushing prices down. Russia, a major producer, is not helping matters. Nickel futures on the London Metal Exchange are trading at around $14,000 per ton, down 8% from the end o

    March 31, 2015 01:00 pm JST
  • Uzbekistan election

    Autocratic Karimov wins presidency again, with 90% vote

    TASHKENT -- Uzbekistan's long-serving President Islam Karimov secured a fourth five-year mandate in a March 29 presidential poll that reaffirmed his firm rule over Central Asia's most populous country, yet left unanswered doubts over its looming suc

    March 31, 2015 12:30 am JST
  • Tata Power

    Indian electricity company completes financing for hydro project in Georgia

    MUMBAI -- Indian electricity company Tata Power has completed the financing for its 187 MW hydroelectric joint venture project on the Adjaristsqali river in Georgia. The International Finance Corporation, Asian Development Bank, and European Bank

    March 26, 2015 10:03 pm JST
  • ICICI Bank

    Indian bank quits Russia

    MUMBAI -- ICICI Bank, India's largest private sector bank by assets and market capitalization, has left Russia after a decade following the sale on Mar. 17 of its wholly-owned subsidiary ICICI Bank Eurasia to Sovcombank, "an unrelated third-party Ru

    March 19, 2015 11:30 pm JST
  • New Cold War

    Dour economy prompts Russia moves

    SIMFEROPOL, Ukraine -- Russian actions are changing the European security situation and the world's unipolar system, centered around the U.S. The country is redrawing the dividing line between itself and Western Europe, a year after President Vladim

    March 19, 2015 01:00 pm JST
  • International tourism

    Visitors to Japan hit monthly record in February

    TOKYO -- A total of 1.38 million foreigners visited Japan in February, up 58% from a year earlier, the Japan National Tourism Organization said Wednesday. The figure is the highest ever for a single month since tracking of the statistics began i

    March 19, 2015 06:16 am JST
  • Humphrey Hawksley

    Russia's 'Go East' policy shakes up Asia

    For several years now, Russia and China, with very different methods, have been testing their strengths in areas each considers to be in its legitimate arc of influence. Russia's approach is more raw, focusing on military muscle and energy suppl

    March 16, 2015 01:00 pm JST
  • Two suspects detained over Nemtsov murder - Russian security chief

    MOSCOW (Reuters) -- Two suspects have been detained over the killing of Boris Nemtsov, Russian officials said, a week after he was shot dead near the Kremlin in the most high-profile killing of an opposition figure in years. The Investigative Co

    March 8, 2015 01:20 am JST
  • Unsafe haven

    Russia's rating gets worse in R&I's country risk poll

    TOKYO -- The risk of investing in Russia has risen sharply, according to a report by Rating and Investment Information, a Japanese credit rating agency. A plunge in the value of the ruble and the toll of Western sanctions imposed on Russia in re

    March 5, 2015 06:20 am JST
  • Carmen M. Reinhart

    Are negative real interest rates the 'new normal'?

    Some questions can only be answered by examining the broad sweep of history. Over the past 150 years, "world" real interest rates have ventured into negative territory (yielding less than the rate of inflation) on a sustained basis on only four occa

    March 5, 2015 12:00 am JST
  • A Winter Olympic nod could spark Chinese ski boom

    BEIJING -- Olympic fever is growing in Zhangjiakou. Located roughly 160km northwest of the Chinese capital, the city is bidding to co-host the 2022 Winter Games with Beijing. Should they get the nod over their only other rival -- Almaty, Kazakhstan

    March 5, 2015 12:00 am JST
  • Carmen M. Reinhart: Are negative real interest rates the 'new normal'?

    Some questions can only be answered by examining the broad sweep of history. Over the past 150 years, "world" real interest rates have ventured into negative territory (yielding less than the rate of inflation) on a sustained basis on only four occa

    March 5, 2015 12:00 am JST
  • PM Abe urges Ukraine to enforce cease-fire as fighting persists

    TOKYO (Kyodo) -- Prime Minister Shinzo Abe on Monday called on Ukrainian Foreign Minister Pavlo Klimkin to implement a cease-fire between Ukrainian government forces and pro-Russian separatists in the eastern part of Ukraine, as fighting persists ev

    March 3, 2015 01:01 am JST
  • Russian opposition leader Nemtsov shot dead in Moscow

    MOSCOW (Reuters) -- Russian opposition politician Boris Nemtsov, an outspoken critic of President Vladimir Putin and Russia's involvement in the war in Ukraine, was shot dead steps from the Kremlin in central Moscow late on Friday. Nemtsov, 55,

    February 28, 2015 10:52 am JST
  • Ruble troubles

    Russia pulls down Asia steel, coal prices

    TOKYO -- Prices of Asian steel and coal are falling. Cheaper raw materials from Russia are flooding markets since the oil price slump helped push a plummeting ruble down further. The ruble stands at around 61 against the dollar, having declined

    February 27, 2015 07:00 pm JST
  • Rare transpeninsular cooperation

    North Korea may carry Russian power to South Korea

    MOSCOW -- Russia and North Korea have agreed to advance a large energy project to transmit surplus power from Russia's Far East to North Korea as well as to South Korea. The agreement is meant to promote energy cooperation between Moscow and Pyongya

    February 26, 2015 06:00 pm JST
  • A step forward

    Takeda on front foot after rough start for president

    TOKYO/SINGAPORE -- Takeda Pharmaceutical is stepping up its emerging-market business, an area where it has lagged behind, as President Christophe Weber finally starts to look ahead after spending months on damage control. Japan-based Takeda open

    February 26, 2015 04:49 am JST
  • Rough sailing ahead for Arctic shipping route

    DALIAN, China -- The Arctic Ocean, which many people had hoped would serve as a nautical shortcut lopping thousands of miles off international shipping routes, has seen a falloff in ship traffic, partly due to geopolitical changes. The number of

    February 26, 2015 12:00 am JST
  • Tata Power coal deal

    Indian utility links with Russian producer

    MUMBAI -- Tata Power on Monday said it had signed a memorandum of understanding with Siberian Coal Energy Company, a leading Russian coal producer and exporter, to cooperate in the energy business. The Indian electricity company is expected to s

    February 24, 2015 07:00 pm JST
  • 2022 Winter Olympics

    China may be set for ski boom

    BEIJING -- Olympic fever is growing in Zhangjiakou. Located roughly 160km northwest of the Chinese capital, the city is bidding to co-host the 2022 Winter Games with Beijing. Should they get the nod over their only other rival -- Almaty, Kazakhstan

    February 23, 2015 07:00 am JST