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  • DP World diving headlong into emerging-market ports

    DUBAI -- DP World, the global marine terminal operator based in the United Arab Emirates, is ramping up investments in emerging economies to capture the growing distribution demand in these areas. The company is on track to pour $3.7 billion int

    April 21, 2014 01:31 am JST
  • Japan aiming to grow nuclear plant exports with new pacts

    TOKYO -- Japan is discussing nuclear energy agreements with five more countries, making progress on a key component of the government's plan to boost exports of infrastructure, including nuclear power plants. It has already signed such deals wit

    April 19, 2014 05:01 am JST
  • China, West learning team play in African investment

    TOKYO -- Chinese companies are showing they can work alongside their Western peers in Africa, not just vie with them for the continent's plentiful resources. Last month, South Africa's biggest-ever infrastructure contract went to an East-West qu

    April 17, 2014 02:56 am JST
  • Fast-growing Asian companies set to take on world

    IHH Healthcare, Jollibee Foods, VGI Global Media -- these companies are not exactly household names in most countries. And they are dwarfed by their Western counterparts, say, Hospital Corporation of America, McDonald's or Publicis Omnicom Group. Bu

    April 17, 2014 12:00 am JST
  • Asia dominates Veritas survey of emerging economies

    For the past decade or so, the biggest economic growth story has been emerging markets, particularly the large, fast-growing BRICs -- Brazil, Russia, India and China. But now may be a good time to cast the net wider to get a better idea where emergi

    April 17, 2014 12:00 am JST
  • Indian Ocean nations eye stronger 'blue economy'

    TOKYO -- Attempts to foster economic cooperation are gathering momentum among Indian Ocean nations. The Indian Ocean Rim Association is an organization made up of 20 countries with a combined population of over 2 billion people. It covers a vast

    April 17, 2014 12:00 am JST
  • 'Fragile Five' currencies rally on waning US interest rate fears

    TOKYO -- Emerging-market currencies are rebounding as concerns subside regarding U.S. monetary tightening in the near term. Currencies of the so-called Fragile Five nations -- Turkey, South Africa, India, Brazil and Indonesia, had fallen prey to

    April 16, 2014 03:23 am JST
  • Stephen Grenville: IMF ignores its own data on emerging economies

    Christine Lagarde, managing director of the International Monetary Fund, told the Group of 20 summit in St. Petersburg last September: "Just as some advanced economies have begun to gather momentum, many emerging markets are slowing." With this warn

    April 15, 2014 01:00 pm JST
  • Malaysian palm oil producer to raise output in Liberia

    KUALA LUMPUR -- Plantation major Kuala Lumpur Kepong will pump as much as $35.5 million into its Liberian subsidiary to boost palm oil production, amid a dearth of arable land in Malaysia and Indonesia. The investment will be made through the co

    April 15, 2014 12:35 am JST
  • Japan truck makers accelerate African push

    TOKYO -- Leading commercial truck manufacturers from Japan are seeking to boost sales in Africa, where construction of roads and bridges is feeding demand for transporting materials. The Japanese contingent has lagged behind European competitors

    April 10, 2014 05:10 am JST
  • Beautiful game brings plentiful cash

    April 10, 2014 12:00 am JST
  • Nigeria, Malaysia top survey of 20 emerging economies

    TOKYO -- In an effort to diversify its economy following rapid growth due to crude oil exports, Nigeria has launched the Industrial Revolution Plan. Designed to end heavy reliance on oil and create greater wealth for a population of nearly 200 mill

    April 7, 2014 07:00 pm JST
  • Nipro to sell tuberculosis test kit abroad

    OSAKA -- With cases of drug-resistant tuberculosis rising around the world, Nipro plans to export a tuberculosis test kit that can quickly determine what medicine would be effective in treating the disease. The Japanese company's kit can produce

    April 5, 2014 12:14 am JST
  • Asia's economic rise changing world order

    BANGKOK -- Asia's increasing economic clout -- backed by population growth and a burgeoning middle class -- is forcing changes to the Western-led global corporate order. Late last year, the mayor of a city in suburban Belgrade, Serbia, gave an

    April 2, 2014 01:00 pm JST
  • Huawei posts 34% net profit gain for fiscal 2013

    WUKAN, China -- Huawei Technologies Co.'s net profit rose 34% to 21 billion yuan ($3.46 billion) for the fiscal year ended Dec. 31, thanks to brisk sales of information systems and smartphones. Sales grew 9% to 239 billion yuan, according to the

    April 1, 2014 01:00 am JST
  • Gabon to up stakes in palm oil, rubber ventures with Olam

    SINGAPORE -- Olam International, a Singapore-listed agricultural trader, has announced Gabon is investing an additional $56.8 million in palm oil and rubber joint ventures. The west-central African country's stake in two ventures, Olam Palm Gabo

    March 31, 2014 07:00 pm JST
  • Japanese trading houses boosting African ops

    TOKYO -- Japan's major trading houses are strengthening operations in Africa, seeking to increase their interests in resource development and win agriculture- and food-related orders in this growing market. Marubeni will increase Japanese employ

    March 18, 2014 06:37 am JST
  • Vietnam's mobile leader charges into developing economies

    HANOI -- Vietnamese consumers, riding the country's wave of economic growth, have embraced smartphones and other mobile handsets. Now Viettel group, a telecom company run by Vietnam's defense ministry, is looking to use that growth as a springboard

    March 6, 2014 12:00 am JST
  • Mitsui Sumitomo Insurance teaming up with European peers

    TOKYO -- Mitsui Sumitomo Insurance is working with two major European insurers to provide nonlife policies to businesses operating in more than 20 countries where it still has a weak presence in Africa as well as Central and Eastern Europe. Next

    March 5, 2014 06:27 am JST
  • China's aid offensive prompts rethink in West

    TOKYO -- Trying to beat China at its own game, Western nations are placing a greater emphasis on helping the developing world build modern economies, with an eye toward contracts for their own companies. Fighting poverty has traditionally topped

    March 1, 2014 04:59 am JST