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  • 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
  • Tata Communications-Africa

    Deal to sell South Africa unit collapses

    MUMBAI (Newsrise) -- Tata Communications, owned by the $109-billion conglomerate Tata Group, said South African mobile operator Vodacom has abandoned a long-drawn-out plan to acquire its unit Neotel due to regulatory issues, after almost nearing a d

    March 2, 2016 08:06 pm JST
  • Gist of communique by G-20 finance chiefs

    SHANGHAI (Kyodo) -- The following is the gist of a communique released Saturday by the Group of 20 finance ministers and central bank governors after their two-day meeting in Shanghai. The G-20 finance chiefs: -- recognize the global recover

    February 27, 2016 09:47 pm JST
  • G-20 finance chiefs agree to use all policy tools for market stability

    SHANGHAI (Kyodo) -- Finance leaders from the world's 20 major economies on Saturday agreed to use "all policy tools -- monetary, fiscal and structural -- individually and collectively" to strengthen market stability and prop up sagging growth. T

    February 27, 2016 09:05 pm JST
  • IMF's Lagarde sees renewed sense of urgency to act collectively

    SHANGHAI (Reuters) -- IMF Managing Director Christine Lagarde warned that without collective action by global policymakers, the global economy could derail, but added that she sees a renewed sense of urgency to act in concert. She was speaking a

    February 27, 2016 09:03 pm JST
  • G-20 meeting

    US Treasury chief Lew says the world should stop relying on US consumers

    SHANGHAI (Reuters) -- U.S. Treasury Secretary Jack Lew called on G20 members on Saturday to redouble their efforts to boost global demand instead of relying on the American consumer to drive growth. Lew, speaking at a press conference at the end

    February 27, 2016 08:54 pm JST
  • New Development Bank hopes to approve first batch of loans next quarter

    SHANGHAI (Reuters)-- The New Development Bank hopes to approve its first batch of loans next quarter, bank president K.V. Kamath said on Saturday. He was at a signing ceremony for the launch of the Shanghai headquarters of the bank, an infrastru

    February 27, 2016 08:02 pm JST