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  • A true recovery in oil prices remains elusive

    LAUSANNE, Switzerland A warm breeze is blowing through the commodities markets, stirring hopes that the long, harsh winter is over. Such optimism is not entirely without reason: Since the beginning of the year, prices of crude oil, nonferrous

    April 28, 2016 12:00 pm JST
  • Chori moving back into Iran, with chemicals first

    OSAKA -- Trading company Chori is resuming Iranian operations after a three-year hiatus, taking advantage of the end of sanctions with hopes of eventually growing the volume of business beyond the peak hit in fiscal 2008. As a first step, the To

    April 23, 2016 03:42 am JST
  • Regional rivalry thwarts oil production freeze

    DOHA, Qatar -- A meeting Sunday here among major oil-producing nations to hammer out a deal to freeze increases in output ended without an agreement, as the rivalry between Saudi Arabia and Iran trumped the pursuit of common interest. Some count

    April 19, 2016 04:37 am JST
  • South Korean president to visit Iran in May

    SEOUL (Kyodo) -- South Korean leader Park Geun Hye plans to visit Iran in early May, making her the first president of her country to do so since Seoul and Tehran established diplomatic relations in 1962, her office said Monday. Park is set to m

    April 18, 2016 09:38 pm JST
  • Commentary

    Amrita Sen: Iran torpedos deal to freeze oil output

    A marathon day of talks between oil producers in Doha, Qatar ended without an agreement to freeze production. World crude prices tumbled sharply on Monday morning in response, with benchmark Brent crude falling as much as $3 to $40.10 per barrel on

    April 18, 2016 04:10 pm JST
  • Is the commodities rebound over?

    BANGKOK -- The collapse of talks in Doha on April 17 among major oil producers aimed at freezing output levels and curbing the global supply glut has renewed broader concerns about the state of the global commodities market. The meeting of the O

    April 18, 2016 04:00 pm JST
  • Oil prices tumble after Saudi-Iran tensions sink output deal

    SINGAPORE (Reuters) -- Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel.

    April 18, 2016 03:20 pm JST
  • Oil producers fail to agree on output freeze

    DOHA, Qatar -- Saudi Arabia, Russia and other major oil producing nations failed to agree on a crude output freeze Sunday, as Iran's absence cast shadows over the talks. More than 10 OPEC and non-OPEC members took part in the meeting, with the a

    April 18, 2016 04:24 am JST
  • Commodities eye

    Doha producer summit to keep oil markets guessing

    SINGAPORE -- Several OPEC and major non-OPEC members have signed up for confabulations over a "production freeze" proposal scheduled for April 17 in Doha, suggesting a fresh groundswell of support for an interventionist approach to stem the growing

    April 15, 2016 03:05 pm JST
  • Soccer World Cup history repeats itself for top Asian teams

    KUALA LUMPUR -- It was a case of deja vu for Asia's top teams in the draw for the final round of qualification for the 2018 World Cup in Russia, which pitted Australia against Japan and South Korea against Iran -- both for the third time in successi

    April 13, 2016 12:00 am JST
  • Oil rallies on hopes of production cap

    TOKYO -- Crude oil futures topped $40 a barrel Monday in New York for the first time in two weeks on hopes that oil producers will agree to limit output at a meeting Sunday in Doha, Qatar, though analysts are split on the likely outcome. Produce

    April 12, 2016 03:46 am JST
  • India ready to invest $20 billion in strategic Iranian port to expand trade

    NEW DELHI -- India has expressed a willingness to invest $20 billion in the strategically-important Chabahar Port in southeastern Iran, which could help it expand trade with landlocked Afghanistan and energy-rich Central Asia by bypassing land route

    April 12, 2016 12:30 am JST
  • Sprint could still ding SoftBank on road to recovery

    TOKYO -- U.S. cellular provider Sprint remains far from profitability despite some cost-cutting success, threatening to soil parent SoftBank Group's balance sheet if its value dips too far. SoftBank shares ended Thursday, and thus fiscal 2015, a

    April 1, 2016 02:00 am JST
  • Japanese fabric makers find eager market in Middle East

    TOKYO -- Japan's Mitsubishi Rayon, Kuraray and other leading fabric makers are preparing to enhance sales of their quality materials to the Middle Eastern market, to be used for traditional garments. Made-in-Japan fabrics, many of them featuring cut

    March 28, 2016 07:00 pm JST
  • Iran hopes to go on a Persian carpet ride

    TEHRAN -- Iran's traditional carpet industry is desperate to regain its vigor. Economic sanctions placed on Iran due to the country's nuclear program were repealed in January. With the sanctions tying up Iranian money traveling through or parked

    March 26, 2016 01:00 pm JST
  • Global oil majors not holding their breath for production cuts

    TOKYO -- Weak resource prices are changing the power dynamic in the global oil industry. While some companies might be ready to cut production and reorganize their businesses, others would rather add output or acquire rivals. The supply-demand b

    March 22, 2016 01:00 pm JST
  • Frankfurt and London seal $30 bln trading tie-up to counter US threat

    FRANKFURT/LONDON (Reuters) -- Deutsche Boerse AG and London Stock Exchange Group Plc (LSE) agreed to combine in a $30 billion deal to create a European trading powerhouse better able to compete with U.S. rivals encroaching on their turf. But the

    March 17, 2016 03:07 am JST
  • Japan to supply Iran with medical devices

    TOKYO -- Iran will receive medical devices from Japanese companies under a 1.2 billion yen ($10.5 million) grant aid agreement being entered into Saturday. Japan will transfer about 40 mammography machines to the Iranian health ministry through

    March 12, 2016 03:09 am JST
  • Commodities eye

    The 'freeze' that failed to warm oil market sentiment

    SINGAPORE -- In more "normal" times the oil market might have analyzed the implications of a highly conditional "output freeze" agreement between a handful of producers amid a persistent supply glut, before reacting. But these are not normal times.

    March 7, 2016 01:30 pm JST
  • Japan's Abe looks to visit Iran this year

    TOKYO -- Prime Minister Shinzo Abe has informed the Iranian government that he wishes to visit the country this year, a first trip by a Japanese leader in 38 years. Abe hopes to swing by around the time he goes to Kenya in late August. Now that

    March 7, 2016 04:25 am JST