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  • India to invest $500m in Iranian port, bypass Pakistan

    NEW DELHI -- India and Iran signed a landmark pact on Monday to develop Chabahar, a port in the Persian Gulf, that New Delhi expects will expand its trade with landlocked Afghanistan and energy-rich Central Asia by bypassing more direct -- but unava

    May 24, 2016 01:00 am JST
  • Iranian, Indian cities ranked worst for air pollution

    GENEVA (Reuters) -- India is home to four of the five cities in the world with the worst air pollution, the World Health Organization said on Thursday.But while WHO experts acknowledge India faces a "huge challenge", many countries are so bad that t

    May 12, 2016 01:11 pm JST
  • Terror threat hits economies in Middle East, North Africa

    ISTANBUL -- An unending series of terrorist attacks in the Middle East and North Africa is taking a heavy toll on tourism-driven economies in the regions. Turkey, Egypt and Tunisia, which depend heavily on money spent by foreign tourists, are ge

    May 11, 2016 07:00 pm JST
  • Japan eyes Iran infrastructure development

    TOKYO -- The Japanese government hopes to play a role in the development of a regional logistics hub in southeastern Iran, according to sources on Saturday.Japan hopes to team up with India on the construction of the site, which is set to include a

    May 8, 2016 02:00 am JST
  • South Korea, Iran plan joint projects worth $37.1bn

    SEOUL -- South Korea and Iran are set to pursue joint projects involving energy, railroads and other infrastructure totaling $37.1 billion as part of economic cooperation agreed on between the countries' presidents."Seoul will re-establish investmen

    May 4, 2016 03:45 am JST
  • Iran urges nuclear weapon-free Korean peninsula

    TEHRAN (AP) -- Iran's official news agency reports that President Hassan Rouhani is pushing for a Korean peninsula free of nuclear weapons.IRNA reported Monday that Rouhani met with visiting South Korean President Park Geun-hye and said Iran seeks a

    May 2, 2016 07:23 pm JST
  • 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