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  • Turkey serves lesson for Japan's infrastructure export drive

    ANKARA -- Though Japan is working to boost infrastructure exports by focusing on its technological prowess, its failure to score a major bridge-building contract in Turkey shows how costs and other considerations can take precedence.Turkey signed an

    March 17, 2017 05:00 pm JST
  • Shine coming off Japanese infrastructure in Turkey

    ISTANBUL -- The loss by IHI and Itochu to a South Korean-led bid on a major bridge project in Turkey could mark a turning point for Japan's efforts to boost infrastructure exports to the country.The Japanese duo had sought to build a roughly 2,000-m

    March 13, 2017 03:00 pm JST
  • Malaysia's IHH Healthcare hit by one-off costs

    KUALA LUMPUR -- IHH Healthcare, Asia's largest hospital operator by market capitalization, said on Thursday net profit for the fiscal year ended Dec. 31 dropped 34% to 612.4 million ringgit ($137.6 million).Revenue grew 19% to 10 billion ringgit, dr

    February 23, 2017 09:30 pm JST
  • Turkish auto exports hit 1m for first time in 2016

    ISTANBUL -- Turkey's annual auto exports, including trucks and buses, surpassed 1 million units for the first time in 2016 as foreign automakers' investment in new models and a recovery in its mainstay European market lifted shipments.According to i

    February 15, 2017 03:00 pm JST
  • South Korean builders win Turkey bridge bid

    ISTANBUL -- A consortium led by South Korean companies has won the right to build the world's longest suspension bridge over the Dardanelles in Turkey, beating competitors from Japan, China and elsewhere.Tokyo had dispatched cabinet members to suppo

    February 15, 2017 06:00 am JST
  • Turkey to hold referendum on presidency on April 16 - election board

    ANKARA (Reuters) -- Turkey will hold a referendum on April 16 on proposed changes to the constitution that would replace its parliamentary system with the executive presidency sought by Tayyip Erdogan, the head of the High Election Board announced o

    February 11, 2017 07:03 pm JST
  • Stephan Richter

    How Turkey, China undermine future prosperity

    Turkey has lost its business dynamism. That is the predictable result of President Recep Tayyip Erdogan's systematic effort to root out the last figments of critical thinking in what he very consciously calls "his" country.Erdogan can count on futur

    February 7, 2017 02:30 pm JST
  • Next global shock may be bubbling under US stock euphoria

    TOKYO -- As capital flight from emerging countries quietly exerts pressure on global financial markets, investors remain largely oblivious amid solid gains in American equities.The Dow Jones Industrial Average finally climbed above 20,000 on Wednesd

    January 27, 2017 06:30 am JST
  • IHI, Itochu team up to bid for Turkish mega-bridge project

    TOKYO -- A Japanese business consortium that includes heavy machinery maker IHI and trading house Itochu will bid for a Turkish project to build and operate what will be the world's longest suspension bridge.Turkey plans to build a 2,023 meter bridg

    January 26, 2017 06:30 am JST
  • Turkish retailers find way into consumer pockets

    ISTANBUL -- Smartphone applications that offer discounts and other deals to lure customers into shops and restaurants are rapidly gaining popularity in Turkey.Two apps, each developed by a major business group, are ahead of the game.The Boyner Group

    January 22, 2017 01:00 pm JST
  • Turkish parliament approves presidential system, seen strengthening Erdogan

    ANKARA (Reuters) -- The Turkish parliament has backed a plan to strengthen the powers of the presidency, paving the way for a referendum on the issue in spring which, if passed, could allow President Tayyip Erdogan to stay in office until 2029.Erdog

    January 21, 2017 11:16 pm JST
  • Turkish cargo jet crash kills 37 in Kyrgyzstan

    BISHKEK (Reuters) -- A Turkish cargo jet crashed near Kyrgyzstan's Manas airport on Monday, killing at least 37 people, most of them residents of a village struck by the Boeing 747 as it tried to land in dense fog, Kyrgyz officials said.According to

    January 16, 2017 01:33 pm JST
  • World Bank arm to make bond market debut

    TOKYO -- The World Bank Group will issue debt for the first time to help fund aid to the poorest countries in an effort to prevent terrorism and instability from spreading through the most fragile regions of the world.The International Development A

    January 10, 2017 07:10 am JST
  • Turkey faces recession on terrorism, political risks

    ISTANBUL -- Turkey's economy shows clear signs of a slowdown amid a string of terrorist attacks and a slump in business activity under the iron-fisted rule of President Recep Tayyip Erdogan, while a softening currency puts a heavier repayment burden

    January 9, 2017 05:15 am JST
  • Turkey extends post-coup state of emergency by 3 months

    ANKARA (AP) -- Turkey's parliament has voted to extend by a further three months a state of emergency that was declared in the aftermath of the failed July 15 coup.Parliament late Tuesday approved extending the government's emergency powers until Ap

    January 4, 2017 03:50 pm JST
  • Turkey's terror concerns show flip side of Syria strategy

    ISTANBUL -- A recent spate of terror attacks in Turkey is a consequence of the Eurasian country's increasingly complex involvement in neighboring Syria's civil war, where it's opposing both the government and anti-government Kurdish forces.The extre

    January 3, 2017 05:49 am JST
  • Islamic State claims responsibility for Istanbul attack

    CAIRO (Reuters) -- Islamic State claimed responsibility on Monday for a New Year's Day mass shooting in a packed Istanbul nightclub that killed 39 people, an attack carried out by a lone gunman who remains at large.The jihadist group made the claim

    January 2, 2017 08:00 pm JST
  • Toshiba teams with Chinese firm on Turkish nuclear plant bid

    TOKYO -- A Japanese, American and Chinese consortium is negotiating with the Turkish government on a nuclear power plant project, an arrangement that could upend how Japan's atomic power industry does business abroad.Westinghouse Electric, a U.S. un

    December 31, 2016 01:00 pm JST
  • Russia-Turkey detente remains after envoy's murder

    MOSCOW/ISTANBUL -- Russia plans to maintain its rapprochement with Turkey despite the assassination of an ambassador in Ankara, focusing instead on bolstering its influence in the Syrian crisis.Highlighting unchanged relations, the Russian, Turkish

    December 21, 2016 07:40 am JST
  • Turkish airport operator branches out

    ISTANBUL -- Turkey's leading airport operator is poised to pick up projects in Cuba and Asian nations as part of a worldwide expansion meant to help offset turnover in the home market.TAV Airports Holding, together with France's Aeroports de Paris G

    December 19, 2016 05:00 am JST