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  • Panasonic buys Turkey's Viko for Africa, Russia step housing-related business expansion

    ISTANBUL -- Panasonic is stepping up its presence in Turkey, viewing the nation as a gateway to Africa and Russia for its housing-related business. The Japanese company aims to lift sales of housing-related business to 2 trillion yen ($18.6 bill

    September 18, 2014 12:00 am JST
  • Japan's SMBC finds partner to help build Islamic finance business

    LONDON -- Japan's Sumitomo Mitsui Banking Corp. is ready to expand lending in countries where Islamic finance prevails. The Japanese bank on Sept. 15 signed a memorandum of understanding with the Islamic Corporation for the Insurance of Investme

    September 16, 2014 02:30 pm JST
  • Turkish cities becoming crowded with mushrooming malls

    ISTANBUL -- Shopping malls are springing up throughout Turkey, where the surging ranks of middle-class shoppers with rising incomes are snapping up consumer goods, as the nation's per capita gross domestic product has topped $10,000. The co

    September 16, 2014 07:00 am JST
  • US steelmakers wary of Asian rivals

    DETROIT -- U.S. steelmakers are increasingly alarmed by the amount of cheap steel flowing into the country from Asia. As part of the effort to protect their turf, U.S. Steel and other makers recently filed a complaint against some foreign compet

    September 8, 2014 07:00 am JST
  • Panasonic bets on Turkey in push for housing materials

    ISTANBUL -- Panasonic is stepping up its advance into Turkey, viewing the nation as a gateway to Africa and Russia for its homebuilding materials business. The Japanese company aims to lift housing materials sales to 2 trillion yen ($18.8 billio

    September 4, 2014 12:43 am JST
  • Tourist hot spots

    The number of travelers going abroad reached 1.035 billion in 2012, surpassing 1 billion for the first time, according to the U.N. World Tourism Organization. In 2013, the number increased 5%, to 1.087 billion. Europe remains the most popular touris

    September 4, 2014 12:00 am JST
  • Stephen Grenville: How to reboot world trade talks

    Expanding trade has been the lynchpin of globalization. Total world trade rose from 42% of global gross domestic product in 1980 to 62% in 2007, according to the International Monetary Fund. Trade slowed during the 2008 crisis and since then has bar

    September 2, 2014 01:00 pm JST
  • Erdogan draws praise for success, criticism for 'dictatorial' style

    ISTANBUL -- Recep Tayyip Erdogan's inauguration as Turkey's first directly elected president is stirring controversy in the country. While some laud his efforts to raise the country's international profile on both economic and diplomatic fronts, oth

    September 1, 2014 07:00 am JST
  • Malaysia's IHH Healthcare sees Q2 net profit jump 33%

    KUALA LUMPUR -- IHH Healthcare's net profit for the April-June period surged 33% year-on-year to 209 million ringgit ($66 million). Malaysia's leading hospital management company attributed the performance to greater patient volumes and increased ca

    August 29, 2014 02:50 pm JST
  • Turkmenistan gas plant project latest sign of pickup in Japanese-Turkish cooperation

    ISTANBUL -- A Japanese-Turkish consortium has clinched a roughly $1.5 billion contract to build a large gas-to-liquids plant in Turkmenistan. Analysts say the arrangement could pave the way for more Japanese and Turkish companies to advance further

    August 28, 2014 01:00 pm JST
  • KidZania CEO sees opportunity in Asia's education ethic

    MEXICO CITY -- From Sao Paulo to Moscow, KidZania is expanding around the world. It is particularly keen to branch out in Asia, where large cities and education-minded families spell vast opportunities for the children's theme park operator. CEO

    August 28, 2014 12:00 am JST
  • KidZania CEO values Asia's education ethic

    MEXICO CITY -- KidZania is rapidly expanding around the world, especially in Asia. CEO and founder Xavier Lopez spoke recently with the Nikkei about his company's plans for Asia. Excerpts from the interview follow.Q: Why have you opened so many faci

    August 21, 2014 07:00 pm JST
  • Russia rushes to diversify import sources amid tensions with West

    MOSCOW -- Russia is scrambling to diversify the sources of its imports in response to the recent round of tit-for-tat sanctions between Moscow and the West. The U.S. and European countries imposed sanctions on Russia over the crisis in Ukraine a

    August 21, 2014 01:00 pm JST
  • Cronyism skews Turkey's growing wealth

    ISTANBUL -- Dogged by rising criticism for a perceived authoritarian streak, Recep Tayyip Erdogan has presided over a decade of growth that has left the Turkish economy bigger but also highly distorted. Since May, the prime minister has unabashe

    August 21, 2014 12:00 am JST
  • Erdogan's aimless foreign policy strains ties

    ISTANBUL -- Turkey prides itself on being the Middle East's lone Islamic democracy and aspires to regional hegemony. But the NATO member at the crossroads between Europe and the Middle East has fallen out with its neighbors, partly because it has mi

    August 21, 2014 12:00 am JST
  • Turkey becoming Japan Inc.'s gateway to Central Asia

    ISTANBUL -- Japanese companies are increasingly using Turkey as a steppingstone leading to the resource-rich markets of Central Asia and the Caucasus. The region boasts a wealth of natural gas, minerals and other resources, and its economies are

    August 19, 2014 03:32 am JST
  • Turkey not isolated, seeks active diplomatic role: Erdogan adviser

    ISTANBUL -- Turkey will remain active in foreign affairs, particularly in its own region, under its new president, says Ibrahim Kalin, senior foreign policy adviser to Prime Minister Recep Tayyip Erdogan. Erdogan became the country's first direc

    August 14, 2014 03:35 am JST
  • Turkey's aimless foreign policy strains ties

    ISTANBUL -- Turkey prides itself on being the Middle East's lone Islamic democracy and aspires to regional hegemony. But the NATO member and crossroads between Europe and the Mideast has fallen out with its neighbors, partly because it has misread t

    August 14, 2014 03:24 am JST
  • Cronyism skews Turkey's growing wealth

    ISTANBUL -- Dogged by rising criticism for a perceived authoritarian streak, Recep Tayyip Erdogan has presided over a decade of growth that has left the Turkish economy bigger but also highly distorted. Since May, the prime minister has unabashe

    August 13, 2014 04:10 am JST
  • Education key to Turkey's continued rise: ex-central banker

    ISTANBUL -- Investments in modern infrastructure have made Turkey the emerging economic power it is today, but it needs to keep moving up the value chain, argues Guven Sak, managing director of the influential Ankara-based think tank Tepav. Sak,

    August 13, 2014 12:31 am JST