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  • Rethinking energy investment

    Itochu abandons Namibian gas project

    TOKYO -- Japan's Itochu will pull out of a natural gas development venture in the southwest African nation of Namibia amid other cuts to its resources business. Itochu and Japan Oil, Gas and Metals National have held a combined 15% interest in a

    August 1, 2015 02:00 am JST
  • U.S. upgrades Malaysia, Cuba in trafficking report

    WASHINGTON (Reuters) -- The United States upgraded Malaysia in an annual report on human trafficking on Monday despite calls by human rights groups and nearly 180 U.S. lawmakers to keep the Southeast Asian country on a list of worst offenders in fai

    July 27, 2015 10:20 pm JST
  • WTO members seal trillion-dollar IT trade deal

    WASHINGTON (Reuters) -- World Trade Organization (WTO) members finalized a deal on Friday to cut tariffs on $1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment. The

    July 24, 2015 01:12 pm JST
  • Hot, dry and desperate

    El Nino should have faded out in spring, but it now looks like the world's most formidable "little boy" will hang around his Pacific playground through autumn. The weather phenomenon is causing deadly heat waves in South Asia, while Southeast As

    July 23, 2015 12:00 am JST
  • Brahma Chellaney: Water (problems), water (problems) everywhere

    The centrality of water is a recurring theme in various religions. The Bible -- largely written amid water scarcity -- associates drought with the wrath of God. "By means of water," says the Quran, "we give life to everything." Hindu gods and goddes

    July 23, 2015 12:00 am JST
  • Airtel finds tough going in Africa, unloads mobile towers

    NEW DELHI -- Bharti Airtel, an Indian telecommunications company, has sold off transmission towers in five countries in Africa for over $1.3 billion after racking up consistent losses on the continent. Airtel had over 12,500 tower assets in 13 A

    July 23, 2015 12:00 am JST
  • Bharti Airtel

    Orange circling Indian telco's African subsidiaries

    NEW DELHI -- India's Bharti Airtel has offered France's Orange its mobile telecom subsidiaries in four countries in Africa, the continent in which it has recently been selling off transmission towers. "Orange and Airtel have entered into an exc

    July 22, 2015 10:36 pm JST
  • Indian Ocean economic growth

    France's Bollore seeks to run East African, Asian ports

    TOKYO -- French conglomerate Bollore Group will upgrade and maintain ports in East Africa and Asia to secure a foothold in the promising Indian Ocean economic region. Group company Bollore Africa Logistics will handle the enterprise. BAL will in

    July 21, 2015 12:56 am JST
  • Outpacing developed nations

    BRICS have G-7 in sights after 7.5% GDP growth

    TOKYO -- The BRICS' combined economic strength is closing in on that of developed countries, with gross domestic product at purchasing power parity jumping 7.5% in 2014 to $33.1 trillion on the backs of India and China. GDP for the Group of Seve

    July 20, 2015 09:56 pm JST
  • Bad omens

    Global market turbulence is a wake-up call

    TOKYO -- "I can't sell my stocks even if I want to, damn it!" Liu Guang Kun, a 60-year-old man, cut a desperate figure as he ranted July 10 at a brokerage in China's northeastern city of Dalian, Liaoning Province. Trading in the stocks Liu h

    July 19, 2015 09:30 pm JST
  • Finance-oriented startups set to rattle old-fashioned banking

    TOKYO -- Startups providing financial services via the Internet have achieved strong growth in the U.S. and around the world in recent years. Many believe this emerging industry, recently referred to as fintech, will go on to become a major provider

    July 16, 2015 12:00 am JST
  • Storm clouds on the economic horizon

    Uncertainty has engulfed the global financial markets. After stocks plunged in Shanghai and Shenzhen, Chinese authorities are taking drastic -- some say ill-advised -- measures to reinflate prices. The eurozone remains exposed to grave risks st

    July 16, 2015 12:00 am JST
  • Little to cheer in the global economy

    TOKYO -- "I can't sell my stocks even if I want to, damn it!" Liu Guang Kun, a 60-year-old man, cut a desperate figure as he ranted July 10 at a brokerage in China's northeastern city of Dalian, Liaoning Province. Trading in the stocks Liu h

    July 16, 2015 12:00 am JST
  • BRICS bank may back first project by April

    UFA, Russia -- The BRICS group's New Development Bank will fund its initial project around April 2016, K.V. Kamath, the institution's president, told reporters July 9. Unlike the China-led Asian Infrastructure Investment Bank, the BRICS bank wil

    July 16, 2015 12:00 am JST
  • Looming Fed hike

    Developing countries must signal change, says World Bank

    TOKYO -- It is going to be another tough year for developing economies. The World Bank just lowered its 2015 growth forecast for such countries to 4.4% -- from a 4.8% forecast in January -- which would mean "a fourth consecutive year of disappointin

    July 13, 2015 08:40 pm JST
  • Repurposing flu drug

    Fujifilm developing treatment for 'post-Ebola syndrome'

    TOKYO -- Fujifilm is developing a treatment for "post-Ebola syndrome," a condition in which Ebola virus remains in patients' bodies after they receive treatment and continues to cause medical problems, primarily with the eyes. The Japanese photo

    July 13, 2015 07:00 pm JST
  • Emerging financier

    BRICS bank to fund first project around April 2016

    UFA, Russia -- The BRICS nations' new development bank will fund its initial project around next April, President K.V. Kamath said Thursday. Kamath spoke to reporters here the day of the summit between the leaders of Brazil, Russia, India, China

    July 10, 2015 02:49 am JST
  • Countering the West

    BRICS leaders envision new world order through unity

    UFA, Russia -- The leaders of five major emerging nations vowed to enhance economic and political cooperation in a meeting here Thursday, delivering a defiant pledge to become a global presence rivaling Western powers. The BRICS nations should w

    July 10, 2015 12:00 am JST
  • Public-private cooperation

    Japan hosting infrastructure conferences in Africa

    TOKYO -- Japanese public and private entities will join forces to make up lost ground in infrastructure exports to Africa, a field in which China has the lead. Japan's infrastructure ministry along with a broad range of companies will host confe

    July 9, 2015 02:11 am JST
  • Power struggle

    China, Russia not on same page over BRICS bank

    MOSCOW -- A multilateral bank run by the world's five biggest emerging economies is set to open for business as early as this year, but China and Russia may have different ideas about the new institution's role. The New Development Bank, the ban

    July 8, 2015 04:10 am JST