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  • George Magnus: Greece will cast long political shadows

    If Greece were in Asia, it would be the seventh largest economy, of little geopolitical consequence and soon to be overtaken by Bangladesh and Vietnam. Greece's size, however, is not the right metric to use when gauging its significance in Europe's

    July 2, 2015 12:00 am JST
  • Frederic Neumann: Greek turmoil is not without risks to Asia

    The coming weeks will prove critical for Greece's membership of the eurozone. For Asia, the immediate impact of a potential "Grexit" should be manageable. A powerful policy response by major central banks and comfortable reserve buffers in the regio

    July 2, 2015 12:00 am JST
  • Could Greece happen here?

    Japan needs to step up IR activities

    TOKYO -- Greece's debt crisis has sent shock waves through financial markets around the world. But the nation's looming default traces all the way back to 2009. Greece lost investors' confidence when it was discovered that the country had concea

    June 30, 2015 07:00 pm JST
  • Rate hike expected

    Turkey's central bank has some of its autonomy back

    ATHENS -- A growing number of analysts and market players see Turkey's central bank raising interest rates soon. The results of recent parliamentary elections have eased the political pressure on the bank to lower rates despite a high inflation

    June 28, 2015 07:00 am JST
  • Yes or no to Europe?

    Greece's Tsipras calls referendum to break bailout deadlock

    ATHENS/BRUSSELS (Reuters) -- Greek Prime Minister Alexis Tsipras called a referendum on austerity demands from foreign creditors on Saturday, rejecting an "ultimatum" from lenders and putting a deal that could determine Greece's future in Europe to

    June 27, 2015 12:16 pm JST
  • Turkey trade

    Foreign retailers oppose Ankara's tariff hike

    ISTANBUL -- Sweden's Ikea, the world's largest furniture retailer, and other importers are protesting Ankara's decision to increase tariffs on furniture and carpets by up to 50%. The move by the Turkish government is intended to stem the influx

    June 26, 2015 07:00 pm JST
  • Overseas infrastructure

    Taisei, Obayashi to build nuclear plant in Turkey

    TOKYO -- General contractors Taisei and Obayashi will join a nuclear power plant project in Turkey led by the Japanese and Turkish governments. Major French construction company Bouygues and two or three Turkish contractors will team with Taisei

    June 20, 2015 02:43 am JST
  • Combating climate change

    Weak plans mean world set to overshoot temperature goal, says IEA

    LONDON (Reuters) -- Countries' current pledges for greenhouse gas cuts will fail to achieve a peak in energy-related emissions by 2030 and likely result in a temperature rise of 2.6 degrees Celsius by the end of the century, the International Energy

    June 15, 2015 09:01 am JST
  • Kamal Alam

    Syria looms large over Turkish election results

    The Turkish elections have resulted in a major setback for the aspirations of Turkish President Tayyip Erdogan and his AK Party. It was not so much the downturn in the economy but rather Erdogan's policy on Syria that turned the tide against him.

    June 13, 2015 01:00 pm JST
  • Yottabytes getting the jump on pirates

    TOKYO -- The year is 2050. An employee at Lloyd's of London is sitting at her desk observing real-time images from an unmanned aerial vehicle (UAV) the company deployed to follow a cargo ship it had insured. She picks up the phone and contacts the s

    June 11, 2015 12:00 am JST
  • The buzz about drones

    Drones can be used for a variety of purposes, from military to business and recreation. They are an exciting and increasingly affordable new technology, and many expect them to bring about an industrial revolution in the air. But the stealthy, unman

    June 11, 2015 12:00 am JST
  • Michael Schrage: The uncharted territory between autonomy and ethics

    Few U.S. military assets inspire the executive-branch swagger that unmanned aerial vehicles -- also known as drones -- do. "If I'm president of the United States and you're thinking about joining al-Qaida or ISIL, I'm not going to call a judge,"

    June 11, 2015 12:00 am JST
  • James Coyne: Regulators race to keep up

    When a remotely piloted aircraft loaded with radioactive sand was found on the Japanese prime minister's office late April, it raised alarm over the security risks posed by the growing number of unmonitored drones buzzing around. When it comes t

    June 11, 2015 12:00 am JST
  • Turkish politics

    AKP faces tough coalition talks; snap vote may come in fall

    ISTANBUL -- In Turkey's June 7 general election, the mildly Islamist Justice and Development Party, the AKP, failed to achieve an outright majority for the first time since coming to power in 2002. Now it must try to forge a coalition or call snap e

    June 10, 2015 04:25 pm JST
  • Auto battery deal

    GS Yuasa to buy 50% of Turkey's Inci Aku

    TOKYO -- GS Yuasa plans to acquire 50% of Turkish lead battery manufacturer Inci Aku Sanayi ve Ticaret by the end of next month. The Japanese auto battery maker will conduct the transaction through operating unit GS Yuasa International. It is no

    June 10, 2015 02:55 pm JST
  • Looking abroad

    2 Japanese companies aim to fund 30% of Turkish nuclear project

    TOKYO -- Mitsubishi Heavy Industries and trading house Itochu are working on a deal to take a combined stake of 30% in a nuclear plant project in Turkey, seeking opportunities abroad amid a dearth of new business at home. In the 2 trillion yen (

    June 8, 2015 11:02 pm JST
  • Kurdish party thwarts Erdogan's ambitions with Turkish election advance

    ANKARA (Reuters) -- Turkish President Tayyip Erdogan's hopes of assuming greater powers suffered a major setback on Sunday when the ruling AK Party he founded failed to win an outright majority in a parliamentary election for the first time. Erd

    June 8, 2015 12:51 pm JST
  • Better fundamentals

    Long rates rising in Japan, US, Europe

    TOKYO -- Long-term interest rates are increasing in Japan, the U.S. and Europe amid improved economic fundamentals and tighter government bond supplies. The yield on newly issued 10-year Japanese government bonds climbed to 0.505% on Thursday, t

    June 5, 2015 03:50 am JST
  • Designs on Central Asia

    Mitsubishi teams with Turkish conglomerate in energy biz

    TOKYO -- Mitsubishi Corp. has invested more than 10 billion yen ($79.9 million) in an energy subsidiary of major Turkish conglomerate Calik Holding in a move to ramp up energy business in Central Asia and the Middle East. The Japanese trading ho

    June 3, 2015 11:22 pm JST
  • Ben Simpfendorfer: A golden era for midsize companies

    Midsize companies are Asia's new champions. Big multinationals and local conglomerates used to be the kings of the region's consumer goods business. They were able to build up in a way that no midsize company could hope to replicate. But size is

    May 7, 2015 12:00 am JST