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  • Panama Papers reveal dubious wealth of dictators, cronies

    CAIRO -- The litany of secrets that has been exposed by the Panama Papers includes sordid stories about people close to dictators who are subject to international economic sanctions.These revelations show how tax havens have shielded strongmen from

    April 28, 2016 07:00 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
  • John Edwards: Sentiment may have improved, but the fundamentals haven't changed

    The prices of two raw materials essential to the global economy have sharply increased lately. Not long ago the spot price of iron ore saw its biggest one-day rally in history, after nearly five years of decline. That spike was soon followed by oil,

    April 28, 2016 12:00 pm JST
  • Saudi Arabia unveils plan to wean economy off oil

    DUBAI, United Arab Emirates -- Pummeled by falling oil prices, Saudi Arabia is embarking on ambitious efforts to overhaul its oil-reliant economy, including selling part of state oil giant Saudi Aramco. "By 2020, we'll be able to live without o

    April 26, 2016 05:55 am JST
  • Global borrowers start looking to Japan's lenders

    TOKYO -- Overseas companies are stepping up efforts to raise funds in Japan as conditions are favorable to borrow money at low costs. Japan's banks raised slightly more than $2.6 billion in fiscal 2015, with the number of deals standing at 14, u

    April 25, 2016 07:00 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
  • Taiwan, China to jointly investigate cross-border fraud cases

    TAIPEI(Kyodo) -- China has agreed to let Taiwan join the investigation of fraud cases involving 45 Taiwanese suspects who were deported by the Kenyan and Malaysian governments, Taiwanese authorities said Friday. Chen Wen-chi, director of the Min

    April 22, 2016 07:53 pm JST
  • Saudi Arabia slowly losing oil market share

    TOKYO -- Saudi Arabia, the world's biggest exporter of crude oil, is slowly but surely shrinking in global markets, recent statistics revealed. The setback is due to intensifying competition from Russia and other oil producers. At a summit o

    April 21, 2016 01:00 pm JST
  • Interview

    Talking politics with Michael Bloomberg

    TOKYO -- Michael Bloomberg, the billionaire businessman, philanthropist and former three-term mayor of New York City, says Florida Gov. Jeb Bush could "run the railroad." The same goes for Ohio Gov. John Kasich and former Secretary of State Hillary

    April 21, 2016 12:00 pm JST
  • Saudi Arabia's rivalry with Iran dims hopes of an oil deal

    TOKYO Major oil-producing nations failed to agree on a deal to freeze output at their meeting in Qatar's capital of Doha on April 17, after Saudi Arabia demanded that Iran join the accord. The development sent crude oil prices falling sharply.

    April 21, 2016 12:00 pm JST
  • Talking politics with Michael Bloomberg

    TOKYO Michael Bloomberg, the billionaire businessman, philanthropist and former three-term mayor of New York City, says Florida Gov. Jeb Bush could "run the railroad." The same goes for Ohio Gov. John Kasich and former Secretary of State Hillary C

    April 21, 2016 12:00 pm JST
  • Saudi Arabia's rivalry with Iran dims hopes of an oil deal

    TOKYO -- Major oil-producing nations failed to agree on a deal to freeze output at their meeting in Qatar's capital of Doha on April 17, after Saudi Arabia demanded that Iran join the accord. The development sent crude oil prices falling sharply

    April 20, 2016 07:00 pm 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
  • 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 prices fall after producers fail to reach deal at Doha

    Oil prices opened sharply lower in early Asian trading hours on Monday after major oil producers ended their meeting in Doha, Qatar, over the weekend without reaching an agreement to cap production. Hopes for a deal among major producers, includ

    April 18, 2016 09:27 am 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
  • G-20 starts 2-day meeting, study ways to lift slowing economy

    WASHINGTON (Kyodo) -- Finance chiefs from the Group of 20 economies started a two-day meeting Thursday to discuss ways to support global economic growth amid financial market instability and a slowdown in emerging countries. During the gathering

    April 15, 2016 08:31 am JST