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  • The AIIB adds members and distances itself from Beijing

    JEJU, South Korea/BEIJING The Chinese-led Asian Infrastructure Investment Bank admitted three new members on June 16 at the institution's second annual meeting, lifting its roster to 80 even as the bank continues its cautious approach in deploying c

    June 22, 2017 10:00 am JST
  • Japan's drug sector to unite for emerging-market push

    TOKYO -- Around 25 Japanese companies including Eisai and Takeda Pharmaceutical plan to jointly develop and distribute medicines in emerging economies, leveraging a government partnership to take on Western giants.The group will aim to develop marke

    June 17, 2017 01:49 am JST
  • AIIB adds members, approves new lending at annual meeting

    JEJU, South Korea/BEIJING -- The Chinese-led Asian Infrastructure Investment Bank admitted three new members Friday at the institution's second annual meeting, lifting its roster to 80 even as the bank continues its cautious approach in deploying it

    June 17, 2017 01:31 am JST
  • UN launches second round of nuclear ban talks

    UNITED NATIONS -- Delegates from more than 80 countries kicked off a second and possibly final round of negotiations Thursday on an international treaty to ban nuclear weapons, seeking to adopt a final text by the July 7 end of the conference."As we

    June 16, 2017 05:30 am JST
  • Crude prices sag amid doubts over OPEC's influence

    TOKYO -- Crude oil prices have dropped this week in response to several reports that show rising output and lackluster demand, with market players questioning the effectiveness of OPEC's production cuts.The spot price of Dubai crude, the benchmark f

    June 16, 2017 02:51 am JST
  • World Bank says trade, manufacturing to boost 2017 global growth

    WASHINGTON (Reuters) -- The World Bank on Sunday maintained its forecast that global growth will improve to 2.7 percent this year, citing a pickup in manufacturing and trade, improved market confidence and a recovery in commodity prices.The update o

    June 5, 2017 09:10 am JST
  • Oil exporters reach 9-month deal extending output cuts

    VIENNA OPEC agreed on May 25 to extend its crude oil output cuts for another nine months through March 2018. But the effort to prop up prices may fail because some members are unlikely to adhere to their reduction targets.Although the impact of the

    June 1, 2017 10:00 am JST
  • Japan's JGC to help build $6.3bn LNG plant off Mozambique

    TOKYO -- A consortium including JGC has reached a 700 billion yen ($6.33 billion) deal to build a floating liquefied natural gas platform off the coast of Mozambique, as expected demand from emerging economies rekindles interest in LNG plants despit

    June 1, 2017 06:50 am JST
  • G-7 leaders to condemn N. Korea, terrorism as summit wraps up

    TAORMINA, Italy (Kyodo) -- Group of Seven leaders are set to send a message of condemnation of North Korea's nuclear and ballistic missile programs and of terrorism on Saturday, the second and final day of their summit in Italy.The leaders, four of

    May 27, 2017 02:55 pm JST
  • Extending cuts, OPEC girds for a fight against shale

    VIENNA -- OPEC agreed Thursday to prolong crude oil output cuts by nine months through March 2018, but the effort may not be as effective as it could be as some members are unlikely to adhere to their reduction targets.Members and such nonmember pro

    May 26, 2017 06:58 am JST
  • ICTSI abandons Nigeria port project

    MANILA -- International Container Terminal Services has walked away from a port contract in Nigeria due to prolonged delays of the project.The Philippine firm's Nigerian unit and Lekki Port LFTZ Enterprise, the project's promoter, have mutually agre

    May 25, 2017 11:45 pm JST
  • OPEC extends oil output cut by nine months to fight glut

    VIENNA (Reuters) -- OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three y

    May 25, 2017 08:50 pm JST
  • Mining companies face tough decisions despite the industry's rebound

    SYDNEY Big international mining companies like BHP and Rio Tinto made it through the crash in global commodity prices by slashing costs, shedding less productive units and taking full advantage of the economies of scale their vast operations provide

    May 25, 2017 10:00 am JST
  • Cobalt and lithium are ones to watch in 2017

    SYDNEY Cobalt may be the most interesting commodity to watch in 2017.With global carmakers committed to producing more electric vehicles amid changes in battery technologies, Macquarie Research has projected that demand for cobalt-cathode batteries

    May 25, 2017 10:00 am JST
  • Gordon French: As domestic returns wane, Japanese investors should go south

    If finance was science fiction, Japanese pension funds and insurance companies would be the inhabitants of a planet where the most precious commodity -- return on investment -- has all but disappeared. Now they must leave behind their familiar plane

    May 18, 2017 10:00 am JST
  • Mitsui enters fiber-optic market in Africa

    TOKYO -- Mitsui & Co. has established a fiber-optic company in Kenya with Google and others in hopes of capturing robust demand for high-speed telecom services in Africa.The partners, which also include the World Bank group lender International Fina

    May 17, 2017 06:30 am JST
  • Maria Demertzis and Guntram Wolff

    Changing G-20's approach to African migration, development

    The Group of 20 major economies has recently turned its eyes on Africa. Its finance ministers have launched a "Compact with Africa", aiming to support economic development and strengthen relations with the continent. For Europe, Africa is particular

    May 14, 2017 07:00 am JST
  • Nigeria says 82 Chibok girls free in Boko Haram exchange

    MAIDUGURI, Nigeria (AP) -- Eighty-two Chibok schoolgirls seized three years ago by Boko Haram have been freed in exchange for detained suspects with the extremist group, Nigeria's government announced early Sunday, in the largest release negotiated

    May 7, 2017 02:26 pm JST
  • Paris Agreement presents business opportunities to combat climate change

    TOKYO -- Japanese businesses are eager to offer products and services that can help minimize the impact of calamities caused by climate change, particularly in developing economies.The Paris Agreement to mitigate climate change came into force in No

    May 6, 2017 10:00 pm JST
  • Gordon French

    Japan's search for yield is an opportunity for Asia

    Japan is steering a course for new galaxies. If finance was science fiction, Japanese pension funds and insurance companies would be the inhabitants of a planet where the most precious commodity -- return on investment -- has all but disappeared. No

    May 2, 2017 09:00 am JST