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  • India's energy appetite

    Ravenous economy seeks natural resource rights

    NEW DELHI/MUMBAI -- Indian businesses are actively looking to source oil, natural gas and coal to fuel the country's fast growing economy. Energy supply is also a matter of national security. India relies on imports for most of its crude oil and

    May 28, 2015 01:00 pm JST
  • Indian exports

    New Delhi targets ocean rim market

    MUMBAI/NEW DELHI -- The economic leader of the Indian Ocean rim hopes to buck the label of developing nation through export opportunities in neighboring markets. Regional market activity is now attracting attention from around the world on account o

    May 27, 2015 03:00 pm JST
  • New Development Bank chief

    Behind India's last-minute rethink

    NEW DELHI -- Indian banker K.V. Kamath may not be a big name in the world of international finance, but he has been chosen to lead the New Development Bank, also known as BRICS Bank, a Chinese government initiative. The Indian government, which

    May 19, 2015 01:00 pm JST
  • Japanese investors

    African nations work to woo new industries

    TOKYO -- African countries are trying to woo investors from Japan with a variety of preferential treatment, in a bid to foster industry and achieve greater social stability. The push for investors comes at a time when energy-rich African nations

    May 11, 2015 04:15 pm JST
  • Ben Simpfendorfer: A golden era for midsize companies

    Midsize companies are Asia's new champions. Big multinationals and local conglomerates used to be the kings of the region's consumer goods business. They were able to build up in a way that no midsize company could hope to replicate. But size is

    May 7, 2015 12:00 am JST
  • China Railway Construction

    State company lands $3.5B rail deal in Nigeria

    BEIJING -- China Railway Construction, a major state-run entity, has been awarded a $3.5 billion contract by the Nigerian government to build a 334km railway in the southwestern state of Ogun, said Chinea's state-run Xinhua News Agency. The roll

    April 30, 2015 12:53 pm JST
  • How safe are your medical records from viruses?

    TOKYO -- Hospitals have always had to be careful about the spread of infections. But in this modern era of networked healthcare, the danger of viruses has taken on new meaning. Threats from both opportunistic computer viruses and deliberate cyberatt

    April 30, 2015 12:00 am JST
  • Philippine port operator vies for more African contracts

    MANILA -- Philippine conglomerates such as Ayala Corp. and Metro Pacific Investments may be starting to spread their wings abroad, but one company is already well on its way to becoming a global player. International Container Terminal Services o

    April 30, 2015 12:00 am JST
  • Godrej Consumer Products

    Africa, Latin America markets stand out in March quarter

    MUMBAI -- Indian consumer goods company Godrej Consumer Products said Tuesday it posted a 12.4% rise in fourth-quarter net profit to 2.66 billion rupees ($45.3 million), helped by robust growth in Africa and Latin America. Sales for the January-

    April 29, 2015 10:30 pm JST
  • Ben Simpfendorfer

    A golden era for midsize companies

    Midsize companies are Asia's new champions. It used to be that big multinationals and local conglomerates were the region's biggest consumer goods success stories. They were able to build and scale in a way that no midsize company could hope to repl

    April 26, 2015 01:00 pm JST
  • Sagging sales to China

    De Beers cuts diamond prices as demand drops

    TOKYO -- Prices for diamonds are tumbling this year, as demand for the precious stones is declining due to the economic slowdown in China, the main consumer of diamonds, and President Xi Jinping's anti-corruption campaign. Previously, mining compani

    April 25, 2015 01:00 pm JST
  • Asia-Africa summit

    India's conspicuous absence amplifies undemocratic voices

    JAKARTA -- Indian Prime Minister Narendra Modi sat out this week's Asia-Africa summit to prioritize commitments at home, ceding the limelight to countries less democratically inclined. Modi wrote Indonesian President Joko Widodo with regrets for

    April 23, 2015 05:17 am JST
  • Asian, African leaders start summit in Indonesia

    JAKARTA (Kyodo) -- More than 100 government leaders from Asia and Africa started a summit of the two continents Wednesday, with a call by Indonesian President Joko "Jokowi" Widodo for U.N. reform and a new global economic order to deal with global i

    April 22, 2015 02:36 pm JST
  • Asian African Conference

    Japan to help train 350,000 people in Asia, Africa says Abe

    JAKARTA (Kyodo) -- Japanese Prime Minister Shinzo Abe on Wednesday pledged the country's assistance in the training of as many as 350,000 people in Asia and Africa over the next five years as part of efforts to ensure "quality growth" and eradicate

    April 22, 2015 02:31 pm JST
  • Increasing clout

    Asian, African countries eye better market cooperation

    JAKARTA -- Representatives from over 100 countries are discussing ways to link growing Asian and African markets into a cohesive global force at a five-day conference that began here Sunday. The two regions have not yet collaborated in a way tha

    April 22, 2015 03:54 am JST
  • Asia-Africa Conference

    Indonesian president calls for deeper ties

    JAKARTA -- Indonesian President Joko Widodo on Tuesday called for a stronger partnership between Asia and Africa. "It's time for us to strengthen cooperation [over the] economy, trade and investment," Widodo said in his opening speech for the As

    April 21, 2015 07:00 pm JST
  • Mohammed Dawood

    Japan is right to seek sukuk success

    Japan's Financial Services Agency is right to promote the growth of its Shariah-compliant finance sector. The Japanese supervisory body has allowed banks under its watch to engage in so-called Islamic finance at their overseas branches starting

    April 17, 2015 01:00 pm JST
  • Bharat Heavy Electricals

    Indian hydro plant lights up Rwanda

    NEW DELHI -- Bharat Heavy Electricals, India's state-run power equipment maker, has installed a 28-megawatt hydro power plant in Rwanda that increases the total generating capacity of the energy-starved African nation by 24% to 147 megawatts. The

    April 10, 2015 08:03 pm JST
  • Diageo deal with Indian liquor baron

    UK spirit giant to fully control S Africa's UNB

    NEW DELHI -- The U.K. spirits giant Diageo is taking full control of South African beer maker United National Breweries by buying the remaining 50% stake held by Indian liquor baron Vijay Mallya for up to $36 million. Diageo already held a 50% sta

    April 10, 2015 07:00 pm JST
  • Emerging nations

    Commodities sag as producers' currencies weaken

    TOKYO -- Prices for commodities produced by emerging nations are declining, as many market watchers predict export volume will increase, with producers, such as Brazil and South Africa, seeing their currencies weaken against the dollar. This wil

    April 3, 2015 07:00 pm JST