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  • Stainless steel market stirs back to life

    TOKYO -- Prices of stainless steel are on an uptrend, with producers and distributors breathing a sigh of relief after a prolonged slump.Benchmark SUS 304 stainless steel currently trades at around 320,000 yen ($2,800) per ton wholesale in Tokyo, ro

    February 16, 2017 11:00 am JST
  • OPEC hits record 90% compliance on crude output cuts

    LONDON -- OPEC member nations have slashed crude oil output at a rate largely fulfilling a November deal, but with shale oil suppressing prices, the cartel must decide whether to prolong its cuts and how to handle foot-dragging nonmember countries.T

    February 14, 2017 05:30 am JST
  • Thailand's PTT aims to quadruple LNG imports

    BANGKOK -- PTT plans to massively expand its LNG import capacity and ramp up overseas development again, CEO Tevin Vongvanich told The Nikkei on Tuesday, as the state-run Thai oil company seeks alternatives to dwindling domestic resources.PTT plans

    February 8, 2017 05:37 am JST
  • Japan to help companies make forays into Africa

    TOKYO -- The Ministry of Foreign Affairs here is beefing up information-gathering efforts on resource development in Africa, aiming to support moves by Japanese enterprises into the continent.Africa boasts abundant reserves of such resources as plat

    February 3, 2017 02:20 am JST
  • US entry ban draws muted response from new UN chief

    UNITED NATIONS -- Countries able to accept refugees for resettlement should do so, a spokesman for the U.N. secretary-general said Monday, expressing a hope that President Donald Trump's 120-day freeze on refugees entering the U.S. proves only tempo

    January 31, 2017 07:50 am JST
  • Kansai Paint to buy Ugandan company Sadolin

    OSAKA -- Kansai Paint aims to enlarge its footprint in the expanding African market with plans to acquire building paint company Sadolin group of Uganda around springtime.The Osaka-based company will buy all stakes in Sadolin via a South African uni

    January 27, 2017 02:00 am JST
  • Developing countries share acquired know-how with peers

    MANILA -- "When the rice seedlings grow to about this high, transplant them to a paddy," Lea Abaoag at the Philippine Rice Research Institute instructed. "Calculate how many hours of sunlight they'll get to plan when you'll harvest them."Abaoag was

    January 19, 2017 02:30 pm JST
  • Too many vessels spoil the oil tanker rate

    TOKYO -- The freight rates that large oil carriers charge on certain routes have plunged about 30% since the beginning of the year. The reason is twofold: There are suddenly more tankers looking for work and less demand for their services because of

    January 17, 2017 04:30 pm JST
  • Big global expansion in works for Freetel budget smartphones

    TOKYO -- Plus One Marketing, the Tokyo-based maker and seller of the Freetel brand of budget smartphones, will set sail in March on a new voyage of global expansion that will include landings in 10 countries in the Middle East and Africa and expand

    January 13, 2017 05:46 am JST
  • Taiwan says Nigeria wants it to move its trade office from Abuja

    TAIPEI (Reuters) -- Taiwan objected on Thursday to a Nigerian request to the island to relocate its representative office in the African country, a request Taiwan sees as more pressure by China to isolate it.Beijing regards Taiwan as a renegade prov

    January 12, 2017 05:11 pm JST
  • Smoking costs $1tn, soon to kill 8mn a year -- WHO/NCI study

    GENEVA (Reuters) -- Smoking costs the global economy more than $1 trillion a year, and will kill one third more people by 2030 than it does now, according to a study by the World Health Organization and the U.S. National Cancer Institute published o

    January 11, 2017 12:55 pm JST
  • World Bank arm to make bond market debut

    TOKYO -- The World Bank Group will issue debt for the first time to help fund aid to the poorest countries in an effort to prevent terrorism and instability from spreading through the most fragile regions of the world.The International Development A

    January 10, 2017 07:10 am JST
  • Ruble, rand end year on strong note

    TOKYO -- After a weak start, currencies of resource exporters surged toward the close of 2016 as crude oil prices regained strength after the much-anticipated OPEC deal to lower output.Russia's status as the world's No. 3 oil producer tightly links

    December 31, 2016 02:16 am JST
  • Oil prices on track for greatest yearly percentage gain since 2009

    Singapore (Reuters) -- Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non-OPEC countries to cut crude production output.U.S. benchmark West Texas intermediate (WTI) cru

    December 30, 2016 01:48 pm JST
  • China promises strong support as Sao Tome pitches for business

    BEIJING (Reuters) -- China promised strong support on Monday for its newest friend in Africa, the former Taiwan ally Sao Tome and Principe, whose foreign minister made a pitch for Chinese firms to invest in his "tranquil" country as the two re-estab

    December 26, 2016 04:08 pm JST
  • Putin is using the Northern Territories to test Japan-US ties

    TOKYO -- Punctuality is not one of Russian President Vladimir Putin's strong points, as the numerous global leaders he has kept waiting over the years can attest.Yet his tardy arrival in Japan on Dec. 15 was surprising, even for Putin. He touched do

    December 26, 2016 10:30 am JST
  • Putin is using the Northern Territories to test Japan-US ties

    TOKYO Punctuality is not one of Russian President Vladimir Putin's strong points, as the numerous global leaders he has kept waiting over the years can attest.Yet his tardy arrival in Japan on Dec. 15 was surprising, even for Putin. He touched down

    December 22, 2016 12:00 pm JST
  • Taiwan loses another ally, says won't help China ties

    TAIPEI/BEIJING (Reuters) -- Taiwan accused China of using Sao Tome and Principe's financial woes to push its "one China" policy after the small West African state ended ties with the self-ruled island, with Taipei saying the move would not help rela

    December 21, 2016 11:10 am JST
  • US questions Japan's hesitancy in backing S. Sudan arms embargo

    NEW YORK (Kyodo) -- U.S. Ambassador to the United Nations Samantha Power on Monday criticized Tokyo's apparent reluctance to back a draft Security Council resolution that Washington is pushing to impose an arms embargo on South Sudan."The arms embar

    December 20, 2016 11:30 am JST
  • Interest builds in renewable energy in Middle East, Africa

    TOKYO -- With a combination of an abundance of natural resources and relatively low installation costs, Middle Eastern and African countries are attracting investment from all over the world in renewable power generation projects. Japanese energy co

    December 19, 2016 01:30 pm JST