Search results

Results 1 - 20 of 97
  • Weaponizing the world

    Military spending in 2013 showed year-on-year growth worldwide in all regions except for the U.S., Europe and Oceania. Increases were particularly high in emerging economies. China has nearly tripled its military spending over a decade, and now acco

    July 24, 2014 12:00 am JST
  • Carmakers in Turkey boost exports as domestic sales falter

    ISTANBUL -- Capitalizing on the depreciation of the lira, automakers operating in Turkey are stepping up exports to offset weak domestic demand. Ford Otosan, set up jointly by Ford Motor of the U.S. and Koc Holding, a leading industrial conglom

    July 21, 2014 01:00 pm JST
  • Turkish, Emirates in top 5, Japanese carriers rebound in Nikkei Business survey

    TOKYO -- A survey of flier satisfaction conducted for the first time in two years by Nikkei Business magazine again gave the top marks to Singapore Airlines. The latest poll of about 6,600 business travelers saw Japanese airlines ranked second and t

    July 17, 2014 12:00 am JST
  • Erdogan to run in Turkey's first direct presidential election

    ISTANBUL -- Turkish Prime Minister Recep Tayyip Erdogan said Tuesday that he will run in the country's first direct election for president in the coming months, aiming to cement his power with a fresh popular mandate. The move could allow Erdoga

    July 2, 2014 04:45 am JST
  • Turkey's central bank cuts rate again amid political pressure

    ISTANBUL -- The central bank of Turkey cut its key interest rate Tuesday for the second straight month to bolster economic growth amid mounting political pressure. The Central Bank of the Republic of Turkey lowered the benchmark one-week repo ra

    June 29, 2014 07:00 am JST
  • Turkish lira, Indian rupee plunge on Iraq crisis

    TOKYO -- Growing uncertainty over turmoil in Iraq sent the Turkish lira and Indian rupee to six-week lows against the U.S. dollar Tuesday on the Tokyo market, as soaring oil prices cast a shadow over two economies highly dependent on Middle Eastern

    June 18, 2014 02:42 am JST
  • Less wary of capital flight, emerging countries cut rates

    TOKYO -- Emerging countries like Turkey and Mexico are starting to cut interest rates or forgo additional hikes, a departure from early 2014 on greater confidence that the moves will not send their currencies plunging amid persistently low rates in

    June 11, 2014 05:52 am JST
  • Funds flow back into Turkey as growth rebounds

    ISTANBUL -- The Turkish economy appears to be in better health, with real gross domestic product growing 4.3% in the January-March quarter, according to government data released Tuesday. While a large interest rate hike in January kept domestic

    June 11, 2014 02:07 am JST
  • Turkish PM puts final touches on plans for presidential run

    ISTANBUL -- Almost a year since massive protests against his government broke out, Turkish Prime Minister Recep Tayyip Erdogan is finalizing adjustments for running for the presidential election in August. Erdogan has continued to put pressure o

    June 9, 2014 07:00 pm JST
  • Thai resin maker Indorama in another Turkish takeover

    BANGKOK -- Thai plastic resin maker Indorama Ventures is expanding its footprint in Turkey, recently announcing its second acquisition of a local peer there. Indorama, the world's largest manufacturer of PET resin, is buying a 100% stake in Arte

    June 5, 2014 04:50 pm JST
  • Apple, Google, Samsung steal Asian hearts

    TOKYO -- Sony and Honda Motor were the only Japanese companies highly ranked in the Brand Asia 2014 survey, in which smartphone and Internet companies stole the show. Nikkei BP Consulting -- like The Nikkei Asian Review part of the Nikkei group

    June 1, 2014 01:00 pm JST
  • Turkish steel industry in capacity buildup mode

    ISTANBUL -- Turkish steelmakers are increasing their production capacity in hopes of cashing in on swelling domestic and regional demand. One such company is Tosyali Holding, a major electric furnace steelmaker. In 2012, Tosyali set up a joint v

    May 28, 2014 01:00 pm JST
  • Sydney residential developer Crown lands in Singapore

    SINGAPORE -- Crown International Holdings Group, a Sydney-based private property developer that specializes in high-end apartments, has opened a sales and marketing office in Singapore. This is the company's third such foothold in Asia, showing its

    May 28, 2014 10:50 am JST
  • Japanese builder Maeda sets up joint venture in Turkey

    TOKYO -- Japanese civil engineering and construction company Maeda aims to win business in Turkey's expanding market through a joint venture established last month in Istanbul. Formed as an equally owned venture with leading Turkish construction

    May 27, 2014 03:36 am JST
  • Turkey's unexpected rate cut makes lira stronger

    TOKYO -- Turkey's central bank surprised many market players on Thursday by deciding to cut its one-week repo rate by 50 basis points to 9.5% at its monetary policy committee meeting. A rate cut usually offers a selling incentive for the country's c

    May 23, 2014 07:00 pm JST
  • China wants to set agenda for Asian security

    SHANGHAI -- Asians must take responsibility for their own security, Chinese President Xi Jinping told regional leaders Wednesday, offering an alternative to a U.S.-led world order. No country should be allowed to "monopolize" Asia's security, Xi

    May 22, 2014 05:24 am JST
  • At least 205 die in Turkish coal mine explosion

    CAIRO (Kyodo) -- At least 205 miners are dead and hundreds are unaccounted for after an explosion Tuesday in a coal mine near the Turkish coastal city of Izmir, in what might become the biggest mining disaster in Turkish history, local media reporte

    May 14, 2014 07:15 pm JST
  • Recovering emerging-market stocks bolster US, Japan shares

    TOKYO -- Emerging-economy stocks are bouncing back as investors once again pour money into those markets in light of dissipating political risks. This, in turn, is bolstering Japanese shares. On Tuesday, the Nikkei Stock Average rebounded sharpl

    May 14, 2014 04:32 am JST
  • Sesame prices near six-year global high

    TOKYO -- Sesame seed prices are nearing a worldwide six-year high. The major reason for the hike is thought to be China, which has accelerated a switch from crop production to importing the commodity from other countries. African sesame seed is

    May 12, 2014 07:00 pm JST
  • 'Fragile Five' currencies recovering from last year's plunge

    TOKYO -- Investors are beginning to return to emerging-market currencies thanks to U.S. interest rates holding steady at low levels, a year after fears that Washington might scale back its easy-money policy sparked a massive sell-off. In testimo

    May 8, 2014 11:41 pm JST