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  • Weaponizing the world

    Military spending in 2013 showed year-on-year growth worldwide in all regions except for the U.S., Europe and Oceania. Increases were particularly high in emerging economies. China has nearly tripled its military spending over a decade, and now acco

    July 24, 2014 12:00 am JST
  • NTT pivoting to cloud computing overseas

    TOKYO -- Nippon Telegraph and Telephone is working to make cloud computing the core of its information technology business outside Japan, selling off a subsidiary handling equipment sales while building up data center infrastructure and personnel.

    July 23, 2014 04:33 am JST
  • Japanese officer in line to lead piracy task force

    TOKYO -- An officer from Japan's Self-Defense Forces will assume command of the multinational naval task force fighting pirates off the coast of Somalia around May of next year. Command of the task force rotates among participating countries eve

    July 22, 2014 01:37 am JST
  • Frederic Neumann: Developing Asia eyes boom in south-south funding sources

    The world's changing, again. For years, developing countries -- or, in today's parlance, "emerging and frontier markets" -- received the bulk of their external funding from multilateral agencies, such as the World Bank and the Asian Development Bank

    July 21, 2014 07:00 pm JST
  • BRICS challenge US-led financial system with development bank

    FORTALEZA, Brazil -- The leaders of the world's five largest emerging markets have agreed to create an international development bank seen as intended to rival existing U.S.-led institutions. The new development bank is to be the first substanti

    July 17, 2014 02:42 am JST
  • BRICS to challenge global financial system with their own bank

    FORTALEZA, Brazil -- The leaders of Brazil, Russia, India, China and South Africa agreed Tuesday to create a new development bank. The so-called BRICS development bank will be headquartered in Shanghai, and its first president will be nominated

    July 16, 2014 12:15 pm JST
  • BRICS agree to base development bank in Shanghai

    FORTALEZA, Brazil (Dow Jones) -- The leaders of the Brics countries took another step toward carving a larger role for themselves in the global financial system when they agreed Tuesday to base a new development bank in Shanghai. The New Develop

    July 16, 2014 09:45 am JST
  • Russia eyes BRICS energy alliance

    FORTALEZA, Brazil -- Russian President Vladimir Putin is calling for establishing an energy alliance during a meeting underway here for leaders from the BRICS major emerging nations. The proposal centers on creating a shared fuel reserve and ene

    July 16, 2014 05:04 am JST
  • Global trade deal faces Indian roadblock

    GENEVA -- A ministerial deal reached last December in an effort to break down international trade barriers now faces a obstacle of its own, in the form of India and some other World Trade Organization members. The trade facilitation agreement, w

    July 14, 2014 11:56 pm JST
  • Leading emerging nations to discuss details of development bank plan

    SAO PAULO -- The key emerging countries of Brazil, Russia, India, China and South Africa are now plotting a move that could revitalize their global influence with the proposal of a new international lending institution. Leaders from the five nat

    July 14, 2014 01:00 pm JST
  • China puts its foreign aid at over $14 billion for 2010-2012

    BEIJING -- The Chinese government on Thursday released a white paper on foreign aid that says it appropriated 89.34 billion yuan ($14.3 billion) from 2010 to 2012 for foreign assistance. China provided assistance to 121 countries, being especial

    July 11, 2014 02:00 pm JST
  • Nick Garcia: Rhino horns and global security

    Looking for a secondhand AK-47 and ammunition? Bring about $500 to the black market in northern Thailand. Short of cash? Try selling some rhinoceros horn. An easily pocketable 500-gram chunk could buy up to 90 of the automatic rifles and a few c

    July 10, 2014 12:00 am JST
  • Platinum rises as more South African workers picket

    TOKYO -- Platinum prices are on the rise again as South Africa, the main source of the precious metal, grapples with intensifying labor unrest. On July 1, just a week after the end of a five-month strike by the South African platinum miners' uni

    July 7, 2014 01:00 pm JST
  • What Asia's love of rhino horn means for global security

    If you ever want to buy a secondhand AK-47 and ammunition, it will set you back about $500 on the black market in northern Thailand. Short of cash? Try selling some rhinoceros horn. Just a 500-gram chunk of rhino horn, easily carried in a trouse

    July 2, 2014 01:00 pm JST
  • Supply uncertainty keeps palladium prices at near record levels

    TOKYO -- Supply shortages continue to plague the palladium market, despite the end to a prolonged mining strike in South Africa in June. The price of the precious metal remains stuck at high levels, and users are looking for new sources of stable su

    July 1, 2014 07:00 pm JST
  • Honda looking to rev up African motorbike sales

    TOKYO -- Honda Motor aims to boost motorcycle sales in Africa more than tenfold to 1.5 million units by 2020, working to catch up with Indian rivals in a fast-growing market. The Japanese company now has 100 or so dealerships in Nigeria and 24 i

    July 1, 2014 01:00 am JST
  • Africa increases sovereign bond financing

    LONDON -- African countries are taking more toward foreign-currency-denominated sovereign bonds. Much of this is due to strong investor appetite for higher-yield bonds thanks in part to the European Central Bank's additional easing measures. Som

    June 25, 2014 05:55 pm JST
  • Casio aims to double Africa watch sales to 200M by 2016

    TOKYO -- Casio Computer aims to double its watch sales in Africa to 200 million units by fiscal 2016. To achieve this goal, the Japanese company plans to have distributors in 80% of the continent's 54 countries and roughly double the number of Casio

    June 25, 2014 01:00 pm JST
  • After loss, Japan envoy throws support behind Colombia in World Cup

    NEW YORK (Kyodo) -- After Japan's 4-1 World Cup loss to Colombia in a match viewed by diplomats at the United Nations on Tuesday, Tokyo's U.N. envoy pledged to support the South Americans in future games at the tournament and said ties had been stre

    June 25, 2014 10:11 am JST
  • Wilmar's Ethiopian venture raises African profile

    SINGAPORE -- Wilmar International, one of the world's largest owners of palm oil plantations, is entering Ethiopia in a 50% joint venture with Repi Soap and Detergent. Africa is developing as a key market for the Singapore-based company. Ethiopi

    June 23, 2014 09:36 pm JST