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  • Oil, gas pipes

    JFE Steel to help build plant in Abu Dhabi

    TOKYO -- JFE Steel plans to build a joint-venture plant in Abu Dhabi to produce large-diameter steel pipes for use in pipelines. The plant will be owned 51% by Abu Dhabi state-owned investment company Senaat, 27% by JFE Steel and 22% by trading

    March 5, 2015 03:30 am JST
  • Higher banana prices highlight risk of crop 'clones'

    TOKYO -- Produce prices are often influenced by the weather, but there is another -- and more serious -- reason behind the recent hike in banana prices. In late January, growers and major Japanese trading companies reached a rough agreement on l

    March 5, 2015 12:00 am JST
  • Carmen M. Reinhart: Are negative real interest rates the 'new normal'?

    Some questions can only be answered by examining the broad sweep of history. Over the past 150 years, "world" real interest rates have ventured into negative territory (yielding less than the rate of inflation) on a sustained basis on only four occa

    March 5, 2015 12:00 am JST
  • Vijay Sakhuja

    China's 'infrastructure diplomacy' alive and well

    China's infrastructure investment drive in Sri Lanka appears to have hit a temporary roadblock. Shortly after his election in January, President Maithripala Sirisena warned of scrapping the $1.34 billion Colombo port project inaugurated during last

    March 4, 2015 07:00 pm JST
  • Planting Mideast roots

    Japanese robot builder to open Saudi R&D base

    TOKYO -- Robot developer tmsuk plans to set up a Saudi Arabian joint venture this month as its third base for research and development. The Japanese company has been negotiating the venture with an investment firm affiliated with King Abdulaziz

    March 4, 2015 04:02 am JST
  • Embracing diversity

    Japan's 3 megabanks eye Islamic finance overseas

    TOKYO -- Japan's three megabanks are considering whether and how they will offer financial services under Islamic law overseas now that the Financial Services Agency will allow them to engage in such operations at their foreign branches starting as

    March 3, 2015 07:38 am JST
  • Rising oil inventories

    Stockpiling threatens to destabilize crude oil market

    TOKYO -- Rising inventory levels are adding another layer of uncertainty to crude oil prices by obscuring true demand and setting the stage for a supply glut when storage capacities are used up. Crude oil inventories in the U.S. are at a record

    February 24, 2015 07:00 pm JST
  • Infosys investment

    Major bet on Israel's Panaya

    NEW DELHI -- Indian IT company Infosys has announced it is paying US$ 200 million for Panaya, a U.S-headquartered Israeli automation technology company. The all-cash acquisition was announced by Infosys Chief Executive Officer Vishal Sikka. "Thi

    February 23, 2015 11:45 pm JST
  • Islamic State Wariness

    Qatar foreign minister advises against dispatch of U.S. ground troops

    TOKYO -- Qatar's minister of foreign affairs told The Nikkei on Saturday that the dispatch of ground troops being contemplated by the U.S. to sweep out the Islamic State group "is not recommended." Although Qatar is a member of a global coalitio

    February 22, 2015 01:45 am JST
  • Multiproject tie-up

    Marubeni joins hands with Qatar's state power company

    TOKYO -- Marubeni and a state-backed electricity company in Qatar have formed a comprehensive partnership to provide power around the world, starting with construction of a 500,000kw power plant in Kenya. The Japanese trading house reached the a

    February 21, 2015 07:34 am JST
  • Japan, Qatar agree to stand against terrorism

    TOKYO (Kyodo) -- Japan and Qatar agreed in their summit talks Friday to stand united in tackling the threat posed by terrorism and strengthen bilateral cooperation in various fields. Prime Minister Shinzo Abe and the emir of Qatar, Sheikh Tamim

    February 20, 2015 09:05 pm JST
  • Agriculture at risk

    Higher banana prices highlight risk of crop 'clones'

    TOKYO -- Produce prices are often influenced by the weather, but there is another -- and more serious -- reason behind the recent hike in banana prices. In late January, banana producers and major Japanese trading firms reached a rough agreement

    February 20, 2015 07:00 pm JST
  • Obama reiterates resolve to defeat Islamic State militants

    WASHINGTON (Kyodo) -- U.S. President Barack Obama reiterated his resolve Wednesday to defeat extremists including Islamic State militants ahead of a ministerial meeting Thursday on eradication of violent extremism and terrorism. "We will ultimat

    February 19, 2015 11:32 am JST
  • Cheap oil's downside

    Falling energy prices put plant plans on ice

    TOKYO -- Low crude oil prices and a soft market for liquefied natural gas are causing energy companies to shelve or cancel plant construction, giving engineering companies headaches. Major Japanese engineering companies had seemed poised to win

    February 19, 2015 05:05 am JST
  • Reaching beyond Japan

    Mitsubishi, Tepco move a step closer to power plant deal in Qatar

    TOKYO -- Mitsubishi Corp. and Tokyo Electric Power have won preferential negotiating rights for a multibillion dollar project to build a gas-fired power plant and seawater desalination plant in Qatar. The Japanese trading house has teamed up wit

    February 19, 2015 03:32 am JST
  • Exporting infrastructure

    Mitsubishi Heavy, partners to supply subway system to Qatar

    TOKYO -- Mitsubishi Heavy Industries and partner engineering companies will provide a subway system to the Qatari capital of Doha under a contract valued at about 400 billion yen ($3.33 billion). The consortium, which also includes Mitsubishi Cor

    February 19, 2015 02:46 am JST
  • Rise of Gulf carriers gets the wind up rivals

    LONDON/DUBAI/NEW YORK -- Using its proximity to Africa, Asia and Europe as well as its massive pool of wealth, the Persian Gulf is transforming itself into the world's main air travel hub. Big-name Gulf carriers Emirates and Qatar Airways, which

    February 19, 2015 12:00 am JST
  • Who needs an IPO?

    Startups rake in cash via private equity

    LONDON -- Startups around the world are raising hefty sums of money even before they hit the stock market. A global share-price upswing has prompted investors, sovereign wealth funds among them, to seek out promising unlisted companies and jump aboa

    February 18, 2015 01:00 pm JST
  • U.S. establishes policy for exports of armed drones

    WASHINGTON (Reuters) -- The U.S. government on Tuesday established a policy for exports of military and commercial drones, including armed ones, and said it plans to work with other countries to shape global standards for the use of the controversia

    February 18, 2015 11:36 am JST
  • Japan closes embassy in Yemen due to worsening security situation

    CAIRO (Kyodo) -- Japan closed its embassy in Yemen on Sunday due to the worsening security situation in the country, the Japanese Foreign Ministry said Monday. Japanese Ambassador to Yemen Katsuyoshi Hayashi and four embassy officials have alrea

    February 16, 2015 03:42 pm JST