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  • Japan's JT negotiating 40% stake in Ethiopian tobacco monopoly

    TOKYO -- Japan Tobacco is in talks to invest in Ethiopia's National Tobacco Enterprise after placing the top bid for a 40% stake in the state-owned company.JT, which operates in more than 120 markets and ranks third in global tobacco market share, w

    May 26, 2016 02:34 am JST
  • G-7 leaders to lay out infrastructure investment standards

    TOKYO -- Group of Seven leaders will come out with principles for infrastructure support in emerging and developing countries after this week's summit, aiming to counter growing Chinese influence in this area.The guidelines, to be included in a stat

    May 25, 2016 05:00 am JST
  • China Molybdenum heats up on Congo mine acquisition

    HONG KONG -- China Molybdenum shares surged here Monday after the company said it would take a majority interest in a Congolese copper and cobalt mine expected to bring brisk earnings growth.Trading on the company had been suspended in Hong Kong and

    May 17, 2016 05:45 am JST
  • UN conference seeks rules for Paris climate change accord

    BONN, Germany -- The global community's efforts to develop concrete rules for carrying out the landmark Paris climate change accord began here Monday.The time has come to shift focus from negotiation to execution and cooperation, Segolene Royal, Fra

    May 17, 2016 03:05 am JST
  • Japan looks to more than double investment treaty partners by 2020

    TOKYO -- The government here aims to sign investment treaties with a total of 100 countries and regions by 2020 to help Japanese businesses expand their global presence.Beginning with an agreement with Egypt in 1978, Tokyo has so far signed investme

    May 11, 2016 02:00 am JST
  • Singapore adds diamonds to its trading repertoire

    SINGAPORE -- A new electronic exchange for trading diamonds opened last week in Singapore, claiming to be the first of its kind to allow physical trading of the gems on an electronic platform. The hope is that the new exchange will be a game-changer

    May 9, 2016 08:15 pm JST
  • Resource plunge puts African nations on verge of debt crisis

    CAIRO -- Falling commodities prices have rekindled fears that resource-dependent African countries, which went on a borrowing binge amid the market boom that lasted until 2014, could once again fall into a debt crisis.Angola, the continent's second-

    April 30, 2016 05:00 am 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
  • 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
  • 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-7, World Bank to insure poor nations against disease outbreaks

    WASHINGTON -- The Group of Seven and the World Bank plan to create an insurance system to help poor countries cope with infectious diseases. The plan calls for setting up a fund to pay insurance premiums, enabling beneficiary countries to recei

    April 14, 2016 03:10 pm JST
  • Taiwan slams China on forced deportations from Kenya

    TAIPEI -- Taiwanese authorities said Tuesday that they have issued a formal complaint against China for pressuring Kenya into deporting 45 Taiwanese to the mainland, a move some see as a power play by Beijing to curb Taiwan's incoming president.

    April 13, 2016 04:35 am JST
  • Olam's chicken and egg investment in Nigeria

    SINGAPORE -- Olam International, a diversified Singaporean agri-business company present in 70 countries, is tapping rising consumer demand in Africa with a $150-million investment in Nigeria for integrated animal and fish feed and poultry farming.

    April 12, 2016 10:00 pm JST
  • Telecoms plugging into emerging markets with 4G

    TOKYO -- Efforts to upgrade mobile telecommunications are gathering steam in Asia and Africa, and in the process bringing fourth-generation wireless services such as music and video streaming to new markets. In Southeast Asia, 4G services will

    April 1, 2016 07:00 pm JST
  • Sprint could still ding SoftBank on road to recovery

    TOKYO -- U.S. cellular provider Sprint remains far from profitability despite some cost-cutting success, threatening to soil parent SoftBank Group's balance sheet if its value dips too far. SoftBank shares ended Thursday, and thus fiscal 2015, a

    April 1, 2016 02:00 am JST
  • Women should not be forced to take husbands' last names, says UN official

    UNITED NATIONS -- Women should be able to keep their maiden names after marriage if they choose to do so, a top U.N. official on gender equality said in a recent interview, commenting on a Japanese court decision forcing couples to have the same las

    March 26, 2016 02:10 am JST
  • Bharti Airtel

    In pact to sell mobile phone towers in Tanzania to American Tower

    MUMBAI (NewsRise) -- Bharti Airtel has agreed to sell its mobile-phone towers in Tanzania to American Tower for $179 million, as India's largest mobile phone operator looks to pare down debt amid rising competition. Bharti, backed by billionaire Sun

    March 22, 2016 10:56 pm JST
  • De Beers prospects dimmed as diamond market enters 'uncharted waters'

    TOKYO -- Diamond prices have fallen to a five-year low as weakening economies in major emerging countries have pushed down demand. The downturn in the global diamond market has hammered miners, cutters, dealers and retailers alike, and the slump

    March 17, 2016 03:30 pm JST
  • Astronauts hail from a growing number of nations

    The world's astronaut corps is growing more diverse in nationality. To date, 545 people have gone into space. Ten of them are Japanese, including Toyohiro Akiyama -- the nation's first astronaut, who was part of an international flight in 1990 -- an

    March 10, 2016 12:00 pm JST
  • Kenya looking for some cash in Asia

    TOKYO -- Kenya is appealing to Asian investors to boost its economy. On Monday, the Kenya Investment Authority, known as KenInvest, presented some investment opportunities during a seminar in Tokyo. The equatorial country in eastern Africa is si

    March 9, 2016 07:00 pm JST