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  • 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
  • Born in the USA

    Honda hopes to get mojo working with all-American Civic

    NEW YORK -- Honda Motor used the New York International Auto Show to unveil the new model Civic, revealing a car that was completely designed and developed in the U.S. and which will also be manufactured in America. This is the first complete ma

    April 3, 2015 02:12 am JST
  • Countering Chinese clout

    Japan to offer first yen loan to Angola

    TOKYO -- The Japanese government will offer its first yen loan to Angola in a bid to help investments by Japanese businesses and counter China's growing clout in Africa, sources told The Nikkei on Friday. Tokyo will provide financial assistance

    March 27, 2015 02:00 pm JST
  • Encouraging investment

    Japan to help African nations streamline customs procedures

    TOKYO -- The Japanese government will assist developing countries in creating more efficient customs authorities, which should slash distribution times and costs and help Japanese companies expand in these markets. Japan will first dispatch cust

    March 19, 2015 02:00 am JST
  • Lupin deal

    Indian drugmaker taking reins of South Africa's Pharma Dynamics

    MUMBAI -- Lupin, an Indian producer of generic drugs, said it will make South Africa's Pharma Dynamics a wholly owned subsidiary. Lupin in 2008 acquired a 60% stake in Pharma Dynamics. The Indian company has struck a deal with the South African

    March 17, 2015 07:42 pm JST
  • Indonesia travel

    Tourist visas for 30 countries waived to boost foreign exchange

    JAKARTA -- Indonesia's government will waive visa requirements for 30 countries including China, Japan, South Korea, the U.S. as well as countries in Europe, the Middle East and Africa in the hope of attracting more tourists. Minister for Touris

    March 17, 2015 11:40 am JST
  • Bracing for capital flight

    Slide in emerging markets' currencies gains momentum

    LONDON/JAKARTA -- As low crude oil prices improve economic conditions, emerging markets are loosening their tight monetary stances and seemingly tolerating some currency depreciation to boost exports. The Brazilian real has weakened by 17% again

    March 14, 2015 06:28 am JST
  • Crude in flux

    Sweeping changes in global oil trade

    TOKYO -- The shale oil revolution in the U.S. has shifted the currents of the global oil trade in major ways. The U.S. is still the top importer of crude oil, but daily imports are nearly 30% below what they were a decade ago. During that same t

    March 11, 2015 03:03 am JST
  • Opportunities in Africa

    Indian companies eye enormous growth potential

    MUMBAI -- Indian companies are ramping up investments in Africa, eyeing growth opportunities and solidifying their footholds on the continent. Indian consumer products maker Godrej Consumer Products recently announced that it had raised its sta

    March 7, 2015 01:00 pm JST
  • Unsafe haven

    Russia's rating gets worse in R&I's country risk poll

    TOKYO -- The risk of investing in Russia has risen sharply, according to a report by Rating and Investment Information, a Japanese credit rating agency. A plunge in the value of the ruble and the toll of Western sanctions imposed on Russia in re

    March 5, 2015 06:20 am JST