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  • 'Sell in May and go away'

    Does the market maxim apply to Asia?

    TOKYO -- The adage "Sell in May and go away" is well-known among European and U.S. investors. It is based on the notion that markets turn bearish in May, and that it is best to get out before the going gets rough. Does this hold true in Asia, too? W

    May 27, 2015 07:00 pm JST
  • Fanuc president

    Dour global economy turning a corner

    TOKYO -- Economic growth in the U.S. and China is slowing down. The future direction of global capital investment is therefore a major focal point for the machine tool sector. In a recent interview with The Nikkei, Yoshiharu Inaba, president of Fanu

    May 27, 2015 01:00 pm JST
  • Oil prices

    Is the crude rebound for real?

    TOKYO -- Oil prices have rebounded to around $60 a barrel, from the $40 to $50 range earlier this year. Some experts say the market has bottomed out, but there are also signs that this assessment may be premature. By opting to maintain crude pr

    May 27, 2015 12:00 pm JST
  • U.S. Treasury official: China must press ahead with currency reform

    OTTAWA/WASHINGTON (Reuters) -- China must press ahead with currency liberalization plans for the yuan to join the International Monetary Fund's reference basket of currencies, a senior U.S. Treasury official said on Tuesday. In a call to preview

    May 27, 2015 10:31 am JST
  • Canceled contracts

    Skymark creditors dissatisfied with fate of grounded planes

    TOKYO -- Two of Skymark's largest creditors are opposed to its proposed restructuring plan, apparently because it would preclude the Japanese budget carrier from using aircraft it had agreed to buy or lease before its bankruptcy. In 2011, when S

    May 27, 2015 03:24 am JST
  • Turning positive

    European interest rates rise on fading deflation fears

    LONDON -- Long-term interest rates are rising across the eurozone as recovering oil prices allay deflation concerns, encouraging investors to sell government debt, thereby boosting yields that in many cases had been negative. The yield on German

    May 27, 2015 02:10 am JST
  • UK's in-or-out referendum

    Britain's Cameron plays poker over EU membership

    LONDON -- British Prime Minister David Cameron is keen to renegotiate the country's relationship with the European Union ahead of a proposed referendum on EU membership. During the 1970s, when the Cold War was at its peak, Britain was one of the

    May 26, 2015 01:00 pm JST
  • CEO Interview

    GSK Consumer Healthcare chief foresees further industry consolidation

    FRANKFURT -- GSK Consumer Healthcare, a joint venture GlaxoSmithKline and Novartis launched in March, considers consumer trust in the brands of two of the world's biggest pharmaceutical groups as the new company's most important asset, its chief exe

    May 25, 2015 09:00 pm JST
  • Automaking in China

    Volkswagen opens 300,000 unit plant

    BEIJING -- German automaker Volkswagen has started operations at its new plant in Changsha, Hunan Province, in a bid to stimulate demand for new cars in China's inland areas. The new plant, which was built through Shanghai Volkswagen, a joint ve

    May 25, 2015 05:19 pm JST
  • Frederic Neumann

    Time to talk about the high income trap

    The middle income trap is a disease that has afflicted a number of developing economies over the years. After breakneck economic expansion, growth suddenly begins to stagnate when per capita income reaches a level the World Bank defines as midd

    May 24, 2015 01:00 pm JST
  • Beer sales in emerging economies

    Major brewers toast growth in Asia, Latin America

    GENEVA -- Emerging economies are becoming increasingly important to leading global beer brands, as sales growth in the developed world is lagging. Top breweries around the world faced weak demand in the U.S. and Europe in the January-March quart

    May 23, 2015 01:00 pm JST
  • Airport management deal

    Orix, French partner sole bidder to run Osaka airports

    OSAKA -- New Kansai International Airport, looking to sell the management rights of two Osaka-area airports to the private sector, had only one bidder in the auction's first round -- a duo comprised of Japanese leasing giant Orix and France's Vinci

    May 23, 2015 01:30 am JST
  • Monetary easing

    Investors risk more as central banks talk down currencies

    TOKYO -- While developed countries once again compete to devalue their currencies, market players appear to have shifted their investments to stocks and bonds. The change in attitude comes in anticipation that monetary easing within the largest econ

    May 22, 2015 11:35 am JST
  • Market Scramble

    Makeovers lifting Japanese electronics giants

    TOKYO -- Many of Japan's biggest electric machinery producers are shining at long last, with investors applauding their business transformations and improved earnings. The Nikkei subindex for electric machinery makers rose at one point Thursday

    May 22, 2015 01:24 am JST
  • Branding, quality lead China's tire market

    DALIAN, China/TOKYO -- Leading global tire-makers are turning to new ways to snare business in China, offering new products and online services. Even though new-car sales are losing steam, the number of cars on the road in the country is expecte

    May 21, 2015 12:00 am JST
  • UK wants Japan to spend on pork

    TOKYO -- In the mid-19th century, Britain's Queen Victoria proudly sent several Berkshire hogs to Japan as a gift. The Queen and her husband, Prince Albert, were dedicated pig breeders themselves, keeping a herd of purebred Berkshires on the grounds

    May 21, 2015 12:00 am JST
  • 'Conquest' car

    Renault hopes to gain momentum in India with new hatchback

    CHENNAI, India -- Renault plans to move into India's compact segment by rolling out an 800cc hatchback in the latter half of this year, the French automaker said Wednesday. The Kwid will be a "conquest" car to strengthen Renault's presence in In

    May 20, 2015 10:03 pm JST
  • Fighting global warming

    France, Germany call for greater aid to developing world

    PARIS -- France, the host of this year's United Nations-backed climate conference, is teaming up with Germany to push other rich nations to step up spending to help emerging countries fight climate change. French President Francois Hollande and

    May 20, 2015 06:05 am JST
  • Risk-on again

    Rates, earnings drawing Japan investors back to stocks

    TOKYO/LONDON -- Money has started flowing back into stocks and other risky assets in Japan as concerns over spikes in U.S. and European long-term interest rates fade for now and strong corporate earnings reassure investors. The Nikkei Stock Aver

    May 20, 2015 05:34 am JST
  • New Development Bank chief

    Behind India's last-minute rethink

    NEW DELHI -- Indian banker K.V. Kamath may not be a big name in the world of international finance, but he has been chosen to lead the New Development Bank, also known as BRICS Bank, a Chinese government initiative. The Indian government, which

    May 19, 2015 01:00 pm JST