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  • Swiss currency cap

    Long-simmering financial woes forced central bank's hand

    GENEVA -- Switzerland's central bank stunned the world when it scrapped its cap on the Swiss franc's value against the euro. But the seeds for the Swiss National Bank's sudden policy U-turn were sown years ago. The SNB, which has played a key ro

    January 29, 2015 01:00 pm JST
  • Troubled titan

    Nintendo in earnings funk despite megahit monster games

    OSAKA -- Even as its "Yokai Watch" game series flies high, Nintendo has halved its operating profit forecast for this fiscal year in another sign that the company's business model no longer fits the changing environment. The Japanese video game

    January 29, 2015 03:52 am JST
  • Alicia Garcia-Herrero: ECB adds to emerging Asia's problems

    The global economy seems to be entering a multispeed recovery. The positive cyclical momentum in countries like the U.S. and U.K. contrasts with the gloomy outlook for the eurozone and Japan. To make matters worse, deflation looms for the latter two

    January 29, 2015 12:00 am JST
  • For most central banks, things are getting 'easier'

    TOKYO -- A new wave of monetary relaxation has swept the world since the start of the year, with the European Central Bank the most prominent of those loosening their purse strings. There are two main drivers of the wave. Some countries are taki

    January 29, 2015 12:00 am JST
  • George Magnus: Draghi's last throw of the dice

    The European Central Bank has finally fallen into line with its peers in the U.S., U.K. and Japan by launching its own program of quantitative easing. ECB President Mario Draghi announced Jan. 22 that the Eurosystem of the EU member states' cen

    January 29, 2015 12:00 am JST
  • Itsuo Toshima: Hedge funds, oil money may rock markets in 2015

    Hedge funds are going to get some company this year from well-financed groups with oil money. It might be enough to alter the global flows of capital, and investors -- no matter where they are placing their bets -- will have to consider both forces

    January 29, 2015 12:00 am JST
  • Hong Kong's Cheung Kong poised to grab UK's O2

    HONG KONG/LONDON -- Hutchison Whampoa, the core unit of Hong Kong conglomerate Cheung Kong Holdings, has entered into exclusive negotiations to acquire major U.K. mobile carrier O2. Hutchison will pay up to 10.25 billion pounds ($15.4 billion) to

    January 29, 2015 12:00 am JST
  • New No. 1 in air travel

    Dubai overtakes Heathrow as busiest international airport

    LONDON -- Dubai International Airport overtook London's Heathrow Airport to become the world's busiest international air hub in 2014, the operator of the Middle Eastern airport said. Its passenger numbers, released Tuesday, were up 6% on the yea

    January 28, 2015 04:20 pm JST
  • Global tourism

    International travelers hit record 1.13 billion in 2014

    GENEVA -- The number of international tourists rose 4.7% on the year to a record 1.138 billion in 2014, according to figures published Tuesday by the U.N. World Tourism Organization. Growing travel demand in China and other emerging nations offs

    January 28, 2015 04:10 pm JST
  • Indonesia's defense spree

    Swelling budget beckons global contractors

    JAKARTA -- Eyeing China's maritime presence, Indonesia is attempting to convert growing economic clout into greater military power. For the world's defense contractors, this means there is a competition to be waged and money to be made. The Indo

    January 28, 2015 01:00 pm JST
  • Euro's rise just a blip

    Currency may slide further on Greek woes, US rate hike

    NEW YORK -- The euro rose against the dollar for the first time in three trading days Monday in New York. Investors sold the greenback for the euro to lock in profit before the U.S. Federal Open Market Committee releases its statement on Wednesday,

    January 27, 2015 07:00 pm JST
  • Davos discussion fodder

    Forum participants talk cheap oil, cyberattacks, ECB easing

    GENEVA/TOKYO -- Oil industry CEOs told this year's Davos conference that crude prices are destined to rebound, while moguls from other industries emphasized the benefits of cheap fuel. Aside from oil's slide, much of the discussion time was spent on

    January 27, 2015 01:00 pm JST
  • Lina Baechtiger

    The dark undercurrent of freer trade flows

    The global proliferation of free trade zones has been one of the most important developments for international business in recent years. These zones offer companies significant advantages in shipping products, and in Asia, we have some of the world'

    January 27, 2015 01:00 pm JST
  • Market worries

    Euro sinks to 17-month low against yen after Greek elections

    TOKYO -- Election results in Greece sent the euro lower against a broad range of currencies Monday, with Europe's common currency falling to the lowest in 17 months against the yen. The euro is expected to continue weakening with expectations t

    January 27, 2015 05:43 am JST
  • Rekindling debt concerns

    New Greek government will likely demand easing of austerity measures

    ATHENS -- Greece's new anti-austerity government is expected to begin renegotiating the terms of the country's bailout with the European Union soon, but Germany and other member nations are hesitant to support the country unless it follows through w

    January 27, 2015 04:11 am JST
  • Greece's anti-austerity coalition

    Syriza to team with right-wing party

    ATHENS -- Greece's leftist Syriza party announced Monday that it will partner with the right-wing Independent Greeks party, launching a new government opposed to the austerity measures imposed by the European Union in exchange for the country's bail

    January 27, 2015 02:23 am JST
  • Turkey on the front line

    Is Ankara doing enough to tighten screws on Islamic State?

    ISTANBUL -- Questions about Turkey's commitment to fighting terrorism are swirling in the West. Critics in the U.S. and Europe point to how would-be fighters and Islamist sympathizers have been using the country as a gateway to Syria, a large sw

    January 26, 2015 07:30 pm JST
  • Countering terrorism

    To protect itself, Japan can start by being a better communicator

    TOKYO -- The Islamic State group has served Japan a grim reminder that it is not immune to the threat of international terrorism. As Tokyo rushes to respond to the taking of two Japanese hostages, one of whom is believed to have been killed, it also

    January 26, 2015 04:00 pm JST
  • Worldwide rate cuts

    Central banks welcome 2015 with series of easing moves

    TOKYO -- A wave of monetary relaxation has swept the world since the start of this year, involving not only the European Central Bank but central banks of various other countries as well. The wave consists of two types. One type of credit ea

    January 26, 2015 01:00 pm JST
  • Greek leftist leader Tsipras claims victory over austerity

    ATHENS (Reuters) -- Greek leftist leader Alexis Tsipras promised on Sunday that five years of austerity, "humiliation and suffering" imposed by international creditors were over after his Syriza party swept to victory in a snap election on Sunday.

    January 26, 2015 09:24 am JST