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  • IMF maintains global growth forecasts; China, eurozone revised higher

    KUALA LUMPUR (Reuters) -- The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the eurozone and China.In an updated World Economic Outlook pu

    July 24, 2017 03:27 pm JST
  • Collapse of 'safe-haven asset' bubble looms

    TOKYO -- Monetary easing by central banks around the world has now reached a turning point, causing a stir among pension funds and other investors who have so far rushed to bonds and stocks in pursuit of slight returns.With the bubble in prices for

    July 24, 2017 01:45 pm JST
  • EU boost not enough to revive Sri Lanka garment industry

    COLOMBO -- Despite a recent move by the European Union to restore Sri Lanka to its highly favorable Generalized System of Preferences Plus program, the country will find it hard to catch up with Bangladesh, which has powered ahead in textile and app

    July 24, 2017 08:00 am JST
  • 'Mistake' to think Britain turning in on itself: Boris Johnson

    TOKYO -- Britain's decision to leave the European Union in a referendum last year is often earmarked by observers as the moment the multicultural U.K. turned inward. That notion is a "mistake" according to Foreign Minister Boris Johnson, who said Br

    July 22, 2017 07:29 pm JST
  • Toshiba to reap $360m profit on Landis+Gyr IPO

    TOKYO -- Toshiba expects to log around 40 billion yen ($360 million) in profit after taxes from the initial public offering of Swiss unit Landis+Gyr, the ailing Japanese conglomerate said Friday.Landis+Gyr's shares began trading on the SIX Swiss Exc

    July 22, 2017 06:35 am JST
  • Mitsubishi Heavy readies world's most powerful wind turbine

    TOKYO -- The long rivalry between Mitsubishi Heavy Industries and Germany's Siemens in power generation is once again set to heat up.The two actually joined forces a few years ago in a failed bid to acquire the energy division of France's Alstom. Bu

    July 22, 2017 05:01 am JST
  • ARM designs to power 100bn chips over 4 years, CEO says

    TOKYO -- Some 100 billion chips built on ARM Holdings technology will be shipped in the next four years, as many as in the company's entire history so far, thanks to demand tied to the so-called internet of things, CEO Simon Segars told The Nikkei h

    July 21, 2017 06:53 am JST
  • FC Barcelona looks to double sponsorship revenue in Asia

    TOKYO -- Spanish soccer powerhouse FC Barcelona is making a concerted push into Asia, inking deals with such companies as Japan's Rakuten to tap a market that is growing as European soccer becomes a global phenomenon.The club signed a sponsorship co

    July 21, 2017 04:42 am JST
  • SoftBank's Son wants to connect '1 trillion devices'

    TOKYO -- Masayoshi Son on Thursday said he sees a future where everyone and everything is connected to the internet, traffic accidents don't happen and robots are smarter than humans.And nowhere in that vision is there a hint of dystopia, stressed t

    July 20, 2017 05:52 pm JST
  • World adjusting to Trump impact

    WASHINGTON -- As the dust begins to settle on the first six months of the presidency of Donald Trump, the world has been busy trying to absorb the full ramifications of his policy agenda.Half a year of "America first" has left little doubt that the

    July 20, 2017 04:42 pm JST
  • Remembering Liu Xiaobo -- Nobel laureate, activist, pacifist

    HONG KONG -- Liu Xiaobo, whose steadfast efforts to promote democracy in China earned him the Nobel Peace Prize in 2010, died on July 13 at age 61 after spending his final years in prison. Despite being labeled an "enemy of the state" and living und

    July 20, 2017 10:05 am JST
  • The shipping industry turns to megamergers to stay afloat

    TOKYO Less than a year after South Korea's Hanjin Shipping went bankrupt, consolidation among Asian marine shippers is gathering pace as business conditions continue to deteriorate.On July 9, Cosco Shipping Holdings, parent of the world's fourth-lar

    July 20, 2017 10:00 am JST
  • China brushes off global criticism over Liu Xiaobo's death

    HONG KONG/BEIJING With a speed both surprising and suspicious, Chinese authorities announced less than two days after his death that Liu Xiaobo had already been cremated and his ashes buried at sea.A government spokesman for Shenyang, the city in no

    July 20, 2017 10:00 am JST
  • Global standard coming for next-generation mobile service

    TOKYO -- A worldwide standard for mobile communications is in the works as Japan, the U.S., Europe, China and South Korea work to set common specifications for ultrahigh-speed 5G data services by 2020 -- a move expected to propel the spread of "inte

    July 20, 2017 02:10 am JST
  • Tourists to Japan boosted spending 13% in April-June

    TOKYO -- Travel expenditures by visitors to Japan increased 13% year on year to 1.07 trillion yen ($8.37 billion) in the quarter ended in June, the Japan Tourism Agency said Wednesday.The figure is the highest for a quarter since the survey began in

    July 19, 2017 11:41 pm JST
  • Daimler to recall 3m vehicles to ease diesel doubts

    FRANKFURT, Germany (AP) -- German automaker Daimler says it is voluntarily recalling 3 million Mercedes-Benz brand cars with diesel engines in Europe to improve their emissions performance in the wake of widespread public debate over the future of d

    July 19, 2017 02:51 am JST
  • UK magnate plans Australian steelworks overhaul

    SYDNEY -- British industrialist Sanjeev Gupta is planning a major overhaul of the aging Whyalla steelworks in South Australia after his GFG Alliance group agreed to buy the heavily indebted Australian mining and steel business Arrium out of administ

    July 18, 2017 01:43 pm JST
  • Comment

    US-Europe rift highlights Asia's security concerns

    TOKYO -- It will soon be half a year since the inauguration of U.S. President Donald Trump, who as a candidate repeatedly made light of his country's alliances with other nations, spreading anxiety around the world.With the acceleration of North Kor

    July 16, 2017 11:44 am JST
  • Park24, Japan bank to buy UK's largest parking lot operator

    TOKYO -- Japanese parking lot operator Park24 said Friday that it will acquire British peer National Car Parks, jointly with the Development Bank of Japan.The deal is valued at roughly 312 million pounds ($408 million). Park24 will set up a U.K. sub

    July 15, 2017 07:03 am JST
  • Cheating allegation may stall Mercedes-Benz's rise in Japan

    TOKYO -- Diesel passenger vehicles have been gaining popularity in Japan, but an allegation that Germany's Daimler cheated emissions testing could tarnish their image and impact sales of not only Mercedes-Benz models, but also the vehicle category o

    July 15, 2017 06:16 am JST