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  • Moscow scurries to deflect blame for Malaysia Airlines crash

    MOSCOW -- Russian leaders asserted Monday that responsibility for the downing of Malaysia Airlines Flight MH17 lies with Ukraine, seeking to refute charges that pro-Russian rebels are to blame for the crash that claimed nearly 300 lives. Interna

    July 22, 2014 07:00 am 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
  • Responsibility for downed jet still unclear

    MOSCOW -- Ukraine and Russia are engaged in an information war over a passenger jet shot down over eastern Ukraine, which may make it all the more difficult to discover what actually happened. The U.S. and European nations consider it most likel

    July 19, 2014 05:22 am JST
  • Transport chief says ill-fated jet took 'approved' course

    SINGAPORE -- Malaysia's transport minister is defending the flight path taken by the Malaysia Airlines jet that crashed in eastern Ukraine, saying other carriers cross the same airspace. "Fifteen out of 16 airlines in the Association of Asia Pac

    July 19, 2014 04:39 am JST
  • Commodity prices rise in wake of Ukraine crash

    TOKYO -- Amid increased geopolitical risks following the crash of a Malaysia Airlines jetliner in eastern Ukraine, many commodities such as wheat and platinum were bid up on the international market. Crude oil prices soared in June, when the sit

    July 19, 2014 04:31 am JST
  • 181 bodies found at crash site of downed airliner in Ukraine

    KIEV, Ukraine (Kyodo) -- Ukrainian authorities said Friday that 181 bodies have so far been found in a rebel-controlled area of eastern Ukraine where a Malaysian Airlines plane with 298 people on board crashed on Thursday. Ukraine Foreign Minist

    July 19, 2014 02:17 am JST
  • International airlines avoid Ukraine airspace

    TAIPEI -- Major international airlines said Friday they are avoiding Ukrainian airspace, while China and the U.S. banned flights over the area after a Malaysia Airlines jetliner was shot down hours earlier. U.S. officials said Malaysia Airlines

    July 18, 2014 05:10 pm JST
  • Malaysian plane with 298 aboard downed over Ukraine

    KIEV, Ukraine (Kyodo) -- A Malaysia Airlines passenger plane crashed Thursday in a rebel-controlled area of eastern Ukraine, apparently killing all 283 passengers and 15 crew aboard, according to Ukrainian officials, with U.S. media reports quoting

    July 18, 2014 05:00 pm JST
  • US throws curveball in Japan's play for Russian energy

    TOKYO -- The Obama administration's new economic sanctions on Russia could frustrate Japanese efforts to tap into the country's vast oil and gas reserves and force Tokyo to rethink its post-disaster energy strategy. Unlike earlier penalties for

    July 18, 2014 06:16 am JST
  • U.S. expands sanctions against Russia to core industries

    WASHINGTON (Kyodo) -- The United States said Wednesday it has expanded its economic sanctions against Russia to an unprecedented extent since Moscow's annexation of Crimea, targeting companies in the core industries of banking and energy. U.S. P

    July 17, 2014 12:15 pm JST
  • BRICS challenge US-led financial system with development bank

    FORTALEZA, Brazil -- The leaders of the world's five largest emerging markets have agreed to create an international development bank seen as intended to rival existing U.S.-led institutions. The new development bank is to be the first substanti

    July 17, 2014 02:42 am JST
  • BRICS to challenge global financial system with their own bank

    FORTALEZA, Brazil -- The leaders of Brazil, Russia, India, China and South Africa agreed Tuesday to create a new development bank. The so-called BRICS development bank will be headquartered in Shanghai, and its first president will be nominated

    July 16, 2014 12:15 pm JST
  • BRICS agree to base development bank in Shanghai

    FORTALEZA, Brazil (Dow Jones) -- The leaders of the Brics countries took another step toward carving a larger role for themselves in the global financial system when they agreed Tuesday to base a new development bank in Shanghai. The New Develop

    July 16, 2014 09:45 am JST
  • Russia eyes BRICS energy alliance

    FORTALEZA, Brazil -- Russian President Vladimir Putin is calling for establishing an energy alliance during a meeting underway here for leaders from the BRICS major emerging nations. The proposal centers on creating a shared fuel reserve and ene

    July 16, 2014 05:04 am JST
  • Putin seeks partnership from China, Latin America

    FORTALEZA, Brazil -- Russian President Vladimir Putin met with his Chinese counterpart and South American leaders in recent days, aiming to strengthen cooperation in the area of natural resources and prevent Moscow from becoming isolated in the inte

    July 16, 2014 04:16 am JST
  • Leading emerging nations to discuss details of development bank plan

    SAO PAULO -- The key emerging countries of Brazil, Russia, India, China and South Africa are now plotting a move that could revitalize their global influence with the proposal of a new international lending institution. Leaders from the five nat

    July 14, 2014 01:00 pm JST
  • North Korea finds a new friend in Russia

    MOSCOW -- Russia has noticeably stepped up efforts to foster relations with North Korea, focusing on economic cooperation. As they embrace, both countries are casting a wary eye on China. There are plenty of signs that the two are cozying up. Ac

    July 10, 2014 12:00 am JST
  • Mitsui O.S.K. to join pioneering Arctic shipping effort

    TOKYO -- Mitsui O.S.K. Lines will help transport Siberian natural gas to Asia and Europe, plying the first regular shipping route in the Arctic Ocean. Starting in 2018, the Japanese company will deliver liquefied natural gas produced on Russia's

    July 9, 2014 02:00 am JST
  • Supply uncertainty keeps palladium prices at near record levels

    TOKYO -- Supply shortages continue to plague the palladium market, despite the end to a prolonged mining strike in South Africa in June. The price of the precious metal remains stuck at high levels, and users are looking for new sources of stable su

    July 1, 2014 07:00 pm JST
  • The Singaporean instant-coffee maker that warmed Russia's heart

    SINGAPORE -- Food Empire's MacCoffee is a favorite of Russians looking for a quick cup of joe. In fact, the Singaporean company boasts the top market share for sugar and creamer-mixed instant coffee in places like Russia and Ukraine. But its bra

    July 1, 2014 12:16 am JST