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  • Iran

    Investment pact clears way for Japanese businesses

    TOKYO -- Japan inked an investment treaty with Iran on Friday designed to protect Japanese companies and their assets as they do business in the oil-rich nation now that international sanctions are lifted. The accord, signed here by Japanese For

    February 6, 2016 06:39 am JST
  • Iran pacts

    Japanese companies to get investment guarantees

    TOKYO -- The Japanese and Iranian governments are planning an arrangement that would encourage Japanese companies to invest in Iran now that economic sanctions on the oil-producing country have been lifted. The Iranian government would guarantee

    February 5, 2016 03:50 pm JST
  • Iran economy minister interview

    Iran seeking Japanese investment in autos, water

    TOKYO -- Iran is setting its sights high, aiming for economic growth of 6% to 8% this year, now that economic sanctions have been lifted. Ali Tayyebnia, Iran's economic affairs and finance minister, on Thursday discussed opportunities for foreig

    February 4, 2016 07:50 pm JST
  • Japan-Iran relations

    Investment pact could come into force by summer

    TOKYO -- Japan looks to have an investment pact with Iran take effect as soon as this summer after its planned signing this week. Foreign Minister Fumio Kishida will meet here on Friday with Ali Tayybnia, Iran's minister of economic affairs and

    February 3, 2016 06:50 am JST
  • Crude oil prices

    OPEC sounding out Moscow to cut output

    LONDON -- With crude oil prices hovering at 12-year lows, OPEC members have begun approaching Russia and other non-OPEC oil-rich countries to team up to tackle the situation. A rumor that Saudi Arabia had proposed to Russia that it cut its oil

    February 1, 2016 07:00 pm JST
  • Plunging indexes mark ominous start for 2016

    Markets around the world are in a tailspin. The perfect storm of a U.S. interest rate hike, a Chinese slowdown and plummeting crude oil prices means the outlook for the world economy is dismal. If investor fears continue to grow, the global economy

    January 28, 2016 12:00 pm JST
  • The real risk behind the ongoing market volatility

    The annual meeting of the world's political and business elite in Davos, Switzerland, through Jan. 23 had a rather macabre backdrop. The slide in global stock markets in the first weeks of this year means that major markets have fallen by 20% or mor

    January 28, 2016 12:00 pm JST
  • A re-emerging Iran could send oil tumbling further

    LONDON The oil markets have never been awash in so much crude. Global benchmark prices are hovering at 12-year lows of around $30 per barrel, and stockpiles -- already at record highs -- look set to keep swelling. There is talk of prices tanking to

    January 28, 2016 12:00 pm JST
  • Recovery risks

    China's slide, Iran's return may prolong oil collapse

    LONDON -- The oil markets have never been awash in so much crude. Global benchmark prices are hovering at 12-year lows of around $30 per barrel, and stockpiles -- already at record highs -- look set to keep swelling. There is talk of prices tanking

    January 27, 2016 05:30 pm JST
  • Recovery risks

    Plunging indexes mark ominous start for 2016

    Markets around the world are in a tailspin. The perfect storm of a U.S. interest rate hike, a Chinese slowdown and plummeting crude oil prices means the outlook for the world economy is dismal. If investor fears continue to grow, the global economy

    January 27, 2016 05:30 pm JST
  • Iran's return

    Tehran, Rome get down to business with big deals

    ROME/RIYADH -- Iranian President Hassan Rouhani scored a major success in business diplomacy in Italy, the first stop of his European tour, with the two sides signing 17 billion euros ($18.4 billion) in deals for rail- and oil-related projects.

    January 27, 2016 04:10 am JST
  • Deals and warm words flow as Iran president visits Europe

    ROME (Reuters) -- Italy and Iran signed billions of dollars of business deals on Monday at the start of a visit to Europe by Iranian President Hassan Rouhani aimed at rebuilding his nation's ties with the West after years of economic sanctions.

    January 26, 2016 10:41 am JST
  • Xi-Rouhani talks

    China to finance high-speed railway in Iran

    RIYADH -- Chinese President Xi Jinping and his Iranian counterpart, Hassan Rouhani, on Saturday agreed to a deal that calls on China to provide financial aid for the development of a high-speed railway in Iran. The deal was among 17 agreements o

    January 24, 2016 01:30 am JST
  • Iran's return

    Japanese companies gingerly probe opportunities

    TOKYO -- With Iran rejoining the global economy, Japanese companies are eager to return to the oil-rich Middle Eastern market. But the risk of doing business in the volatile region is also not lost on anxious corporate chiefs. Tokyo decided to

    January 23, 2016 06:05 am JST
  • Chinese diplomacy

    Xi eyes larger Mideast presence with $15bn loan

    CAIRO/BEIJING -- Chinese President Xi Jinping announced roughly $15 billion in lending for the Middle East for infrastructure development and other projects Thursday in a bid to gain clout as the American presence wanes. "China is ready to work

    January 22, 2016 05:45 am JST
  • South Korea to boost economic ties with Iran after lifting of sanctions

    SEOUL (Reuters) -- South Korea will boost economic cooperation with Iran, it said on Thursday, after sanctions on Iran were lifted earlier this week.The Ministry of Trade, Industry and Energy said in a statement it will sign a $2 billion contract fo

    January 21, 2016 01:01 pm JST
  • Global oil industry

    US crude exports will ripple across the world

    WASHINGTON -- On New Year's Day, a crude oil tanker was making its way through the Gulf of Mexico bound for Italy. It was the first shipment of U.S. crude in 40 years, released from a port in Texas. On Dec. 18, U.S. President Barack Obama signed

    January 21, 2016 01:00 pm JST
  • Middle East policy

    Iranians poised between fear, hope with end of sanctions

    TEHRAN -- The lifting of tough Western economic sanctions under a historic nuclear deal between Tehran and six world powers has left some Iranians excited and others worried. While some hope the end of sanctions will help nurse the ailing econom

    January 21, 2016 01:00 pm JST
  • Interactive graphics

    Corralling billion-dollar 'unicorns'

    A few years back, yet-to-be-listed tech startups valued at $1 billion or more were so rare they were dubbed "unicorns" in the U.S., after the mythical creatures. Now these pricey startups are becoming more and more common. The graphic below show

    January 21, 2016 12:00 pm JST
  • Corralling billion-dollar 'unicorns'

    A few years back, yet-to-be-listed tech startups valued at $1 billion or more were so rare they were dubbed "unicorns" in the U.S., after the mythical creatures. Now these pricey startups are becoming more and more common. The graphic below show

    January 21, 2016 12:00 pm JST