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  • Succession issue resolved

    Saudi King Salman shakes things up at the top

    TOKYO -- Saudi Arabia's new king has been shaking up the country's system of governance and power structure in a radical departure from the highly conservative regimes of his predecessors. Motivating this shift is the belief that the kingdom may cru

    August 30, 2015 01:00 pm JST
  • Nicholas Spiro

    China the real worry for emerging market investors

    Investor sentiment towards emerging markets remains bleak. Emerging market stocks have lost 10% in dollar terms this month, resulting in a 20% decline over the past three months. In the period between Aug. 19 and 26, emerging market bond funds s

    August 28, 2015 07:00 pm JST
  • Oil soars over 10 pct, biggest gain in six years as shorts scramble

    NEW YORK (Reuters) -- Oil rocketed more than 10 percent higher on Thursday, posting its biggest one-day rally in over six years as recovering equity markets and news of diminished crude supplies set off a short-covering scramble by bearish traders.

    August 28, 2015 09:45 am JST
  • Islamic finance

    Cross-border deals gain momentum

    TOKYO -- Governments and businesses in Asian and Middle Eastern countries are increasingly moving to set up financial institutions that offer products and services compliant with Islamic law, or Shariah. In countries such as Indonesia, China and Tur

    August 27, 2015 12:00 am JST
  • Crisis takes its toll on currencies

    BANGKOK -- Knee-jerk reactions to Chinese moves in equity markets are currently grabbing headlines. But a longer-term perspective looking at the currency market shows just how deeply connected China has become with the global economy. The Nikkei

    August 27, 2015 12:00 am JST
  • International cooperation will be essential

    TOKYO -- The unrest rippling through global markets will test policymakers' ability to work together, calm investors and maintain economic momentum. Fears of slowing Chinese growth have cast a pall over the global economy and investors are scram

    August 27, 2015 12:00 am JST
  • Cross-border deals gain momentum in Islamic finance

    TOKYO -- Governments and businesses in Asian and Middle Eastern countries are increasingly moving to set up financial institutions that offer products and services compliant with Islamic law, or Shariah. In countries such as Indonesia, China and Tur

    August 27, 2015 12:00 am JST
  • Tied to China

    Crisis takes toll on currencies

    BANGKOK -- Knee-jerk reactions to Chinese moves in equity markets are currently grabbing headlines. But a longer-term perspective looking at the currency market shows just how deeply connected China has become with the global economy. The Nikkei

    August 26, 2015 07:00 pm JST
  • Batten down the hatches

    China brews a global economic storm

    TOKYO -- Market participants are rereading a year-old International Monetary Fund paper that took up the question of the global consequences of slower Chinese growth. China's economic ties with the rest of Asia have deepened not only in terms of

    August 26, 2015 07:00 pm JST
  • Nikkei interview

    Crude could rebound to lower $50 range

    TOKYO -- Crude oil prices are accelerating their declines, with West Texas Intermediate futures in New York plunging to their lowest level in six and a half years. Swelling oil inventories have been playing a part, as have persistent concer

    August 26, 2015 07:00 pm JST
  • Advance continues

    Islamic State releases images of Palmyra temple destruction

    CAIRO -- The Islamic State has released images showing the bombing of an ancient temple in Syria, highlighting the terrorist group's growing power in the country in the absence of unified opposition. Several images released online show the bombi

    August 25, 2015 11:39 pm JST
  • Global commodity prices

    Crude oil, copper keep plunging as speculators flee, China sinks

    TOKYO -- Commodity prices continue falling worldwide, with a key index tracking international products sliding to its lowest level in more than 12 and a half years. The sharp declines in crude oil, copper and other commodities reflect sensitivit

    August 25, 2015 02:29 am JST
  • Enduring glut

    Oil seen as staying cheap for the long term

    LONDON/DUBAI -- More people are becoming resigned to the prospect that crude oil will trade at depressed prices for a long stretch, with prices sliding Monday to levels not seen in roughly 6 1/2 years. Benchmark West Texas Intermediate sank to t

    August 25, 2015 12:59 am JST
  • End of supercycle

    Plummeting commodity prices could put emerging economies at risk

    TOKYO -- After a decade on the rise, commodity prices are entering a correction phase. The prices for copper, iron ore and gold have been on a downward trend after they peaked in 2011. After geopolitical risks in the Middle East and Russia spurred c

    August 24, 2015 07:00 pm JST
  • $40 a barrel looms

    Crude oil keeps seeking bottom amid supply glut

    TOKYO -- Crude oil prices are nearing the $40 a barrel mark as U.S. shale oil, a strong dollar and emerging-market slowdowns all contribute to global oversupply. Oil prices have fallen by more than half over the past year. Benchmark West Texas I

    August 21, 2015 04:35 am JST
  • Yuan devaluation hits emerging economies hard

    Investor sentiment about emerging markets was bleak even before Aug. 11, the day of the Chinese central bank's dramatic and unexpected devaluation of the yuan, the sharpest in two decades. The equity markets of developing economies have fallen 1

    August 20, 2015 12:00 am JST
  • India-United Arab Emirates

    Modi woos key Gulf trade partner

    NEW DELHI -- There are 700 flights each week between India and the UAE but it has been 34 years since an Indian prime minister visited the Gulf state, a key trading partner. "I promise this will not happen again," said Narendra Modi, the first I

    August 17, 2015 11:15 pm JST
  • Mohamed A. El-Erian

    Oil's new normal

    LAGUNA BEACH -- Oil prices have been heading south again, with a barrel of US crude recently falling below $42 -- the lowest level since March 2009, the nadir of the global financial crisis. And, while last year's sharp price drop was heavily influe

    August 14, 2015 10:14 pm JST
  • Public debt in the Gulf

    Saudi Arabia issues 1st bond in 8 years to fill budget hole

    DUBAI, United Arab Emirates -- Saudi Arabia has issued its first government bonds since 2007 to cover a growing budget deficit and its neighbor, the United Arab Emirates, has scrapped fuel subsidies as the big oil exporters scramble to deal with sha

    August 14, 2015 07:00 pm JST
  • 70 years after WWII

    Rise of China not yet challenging 'American century'

    WASHINGTON -- This year marks the 70th anniversary of the end of World War II. In an interview with The Nikkei, Joseph Nye, a former U.S. assistant secretary of defense and chairman of the U.S. National Intelligence Council, and now a professor at H

    August 13, 2015 07:00 pm JST