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  • Crude oil's downturn

    Bulls eye output cuts, recovering prices

    TOKYO -- Even as West Texas Intermediate futures once again approach $25 a barrel with the U.S. benchmark at its cheapest in more than 12 years, some investors have started betting on a rebound in hopes of crude oil production beginning to slow.

    February 13, 2016 07:30 am JST
  • Post-sanctions Iran

    Kansai Paint plots return to promising market

    OSAKA -- Having withdrawn from Iran in 2013, Kansai Paint plans to buy back into a former joint venture there now that economic sanctions against the country are being lifted. While such companies as Toyota Motor and Nissan Motor are considering

    February 13, 2016 02:00 am JST
  • India is not immune from Islamic extremism

    NEW DELHI The attack on Pathankot air base in the northern Indian state of Punjab by Islamist militants on Jan. 2 dented hopes that the threat of terrorism in this volatile region was receding and reminded Indians of the threat they still face.

    February 11, 2016 12:00 pm JST
  • Andreas Kolbe

    Collapsing crude prices are hurting emerging-market debt

    Investors in emerging-market debt might have hoped for a different start to the New Year. As oil prices have fallen to new lows, markets have demanded ever-larger premiums for buying emerging-market debt. Risk premiums for such debt are now at their

    February 5, 2016 01:00 pm JST
  • Renewable energy exports

    Hitachi Zosen creates waste-powered desalination system

    TOKYO -- Hitachi Zosen has developed a desalination system that uses heat from waste incineration, designed with water-scarce Middle Eastern nations in mind. The system generates potable water either through distillation or reverse osmosis. In t

    February 4, 2016 02:00 am JST
  • Farming foray

    Sharp to sell high-tech strawberry factories in UAE

    OSAKA -- Sharp will make its first foray into the agriculture business in the second half of fiscal 2016, rolling out a cutting-edge factory system for raising strawberries in the United Arab Emirates. The system will produce sweet strawberries

    February 3, 2016 05:56 am JST
  • Oil prices

    Dubai crude hits 3-week high on output cut views

    TOKYO -- Crude oil prices rebounded Monday as speculators anticipating reduced production got back into the game. April deliveries of Dubai crude advanced to a three-week high of $30.90 in the afternoon, rising 20 cents from the end of last week

    February 2, 2016 04:02 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
  • Saudi Aramco gears up for massive public offering

    FRANKFURT Saudi Aramco, the world's largest oil company, intends to make an initial public offering, causing a stir. The listing, if implemented, will likely be the biggest IPO the global stock market has ever seen. The Saudi Arabian government-ow

    January 28, 2016 12:00 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
  • Energy industry

    Japan's JGC wins $355m gas plant project in Bahrain

    TOKYO -- Japanese engineering firm JGC won a $355 million contract to design and build a midsize gas plant for Bahrain National Gas. The facility will recover for export liquefied petroleum gas and naphtha from associated gases released when ext

    January 28, 2016 05:36 am 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
  • International oil market

    Market clamors for change in Dubai benchmark crude

    TOKYO -- The company that sets the benchmark for Dubai crude oil is hearing calls to adjust the basket of grades that make up the trading basket, as Chinese players exert ever-growing influence in the the international oil market. U.S. market dat

    January 27, 2016 01:00 pm JST
  • Semiconductor sector

    Sony buying Israeli modem chip specialist

    TOKYO -- Sony will purchase Altair Semiconductor for $212 million, hoping to enhance its own offerings with communications technology from the Israeli company. The Japanese electronics giant expects the deal, announced Tuesday, to close in early

    January 27, 2016 06:00 am JST
  • Crude's collapse

    Why OPEC isn't dead yet

    TOKYO -- The collapse of crude oil prices raises serious questions about the future of OPEC. Yet it may be premature to pen an obituary for the once-powerful cartel. OPEC's troubles can be traced back to its general meeting in London in March 19

    January 25, 2016 07:00 pm JST
  • Middle East politics

    Saudi deputy crown prince raises eyebrows with hard line

    TOKYO -- Saudi Arabia inaugurated a new reign in January 2015, with King Salman bin Abdulaziz ascending the throne following the death of his half-brother, King Abdullah bin Abdulaziz. Just a year on, Deputy Crown Prince Mohammed bin Salman, son

    January 25, 2016 01:50 pm JST
  • Migration

    Japan sees 50% jump in refugee applications in 2015, admits 27

    TOKYO -- Applications by foreigners seeking recognition as refugees in Japan rose by half in 2015, climbing to a new record for a fifth straight year, the Immigration Bureau reported Saturday. Of a total of 7,586 applications, 27 were approved i

    January 23, 2016 06:00 am JST