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  • Greek referendum

    Swiss bank executive does not fear fallout from crisis

    BANGKOK -- As Greeks head to the polls on Sunday, the international community will nervously await their decision. If the majority says "no" to a referendum, the country could be pushed deeper into economic trouble and closer to an exit from the eur

    July 4, 2015 09:30 pm JST
  • Debt crisis

    Europe can't afford to let Athens go under, says Greek minister

    ATHENS (Reuters) -- Europe will lose a trillion euros if it allows Greece to go under, the country's finance minister said on Saturday, accusing creditors of 'terrorising' Greeks into accepting austerity in a referendum on bailout terms. After a

    July 4, 2015 07:13 pm JST
  • Itsuo Toshima

    Athens may become China's first stop in Europe

    China may be hoping Greece withdraws from the eurozone so it can make strategic purchases there more cheaply if the country returns to the drachma. It is possible that Beijing is also wishing this to happen so that it can sweep in as a white kni

    July 4, 2015 01:00 pm JST
  • Shared values

    The Putin-Berlusconi bromance

    MOSCOW -- Russian President Vladimir Putin's friendship with former Italian Prime Minister Silvio Berlusconi appears to reflect the Russian leader's moral principles and need for political allies. During his recent visit to Italy, Putin kept Pop

    July 4, 2015 01:00 pm JST
  • On the hook

    Default fears grow as Greek samurai bonds come due

    TOKYO -- Yen-denominated Greek bonds are coming up for redemption, and nonpayment could push credit rating agencies to formally label Greece as in default. Bonds worth more than 11 billion yen ($89.6 million) are up for redemption July 14. The s

    July 4, 2015 02:36 am JST
  • Dire straits

    Greek opinion split ahead of crucial vote

    BRUSSELS/ATHENS -- Will Greeks bow to European Union-imposed austerity measures or reject the latest bailout offer from creditors? That will be the question on the world's mind Sunday, when citizens of Greece take to the polls to decide the fate

    July 4, 2015 12:55 am JST
  • Market Scramble

    Pros, semi-pros await next dips

    TOKYO -- Seasoned retail investors and professional fund managers alike are targeting stocks that appear bargains following steep drops. Hopeful that Japan Inc. will outperform corporate America and European companies in earnings this fiscal yea

    July 3, 2015 04:16 am JST
  • Smart solution

    Hitachi's grain-size sensor brings Internet of Things closer to home

    TOKYO -- Hitachi has developed a minuscule sensor that can instantly detect changes in metal and other components of equipment, suggesting a possible coming of age for the Internet of Things, where data is gathered and used for everything from cars

    July 3, 2015 02:00 am JST
  • Tourism, retailing reeling

    Capital controls seen pushing Greece back into contraction

    PARIS/ATHENS -- The Greek economy is increasingly expected to start shrinking again in 2015, with capital controls that were imposed to limit bank runs likely to deal a blow to such key industries as tourism and retail. Greece's hidden debt was

    July 3, 2015 12:11 am JST
  • India nutrition

    Noodle scare ignites consumer awareness

    NEW DELHI -- India's recent food scare over lead and unlabelled monosodium glutamate in instant noodles has put manufacturers on notice over compliance with food safety standards and raised awareness among consumers. Nestle India, the Indian a

    July 2, 2015 11:17 pm JST
  • World heritage threat

    UN backs Australia's plan to save the Great Barrier Reef

    BONN, Germany -- Australia has escaped attempts by environmentalists to have its iconic Great Barrier Reef listed as endangered by the United Nations World Heritage Committee after heavy lobbying and the fast-tracking of a 10-year $1.5 billion rescu

    July 2, 2015 10:33 pm JST
  • Sam Geall

    China's climate change stance marks a historic shift

    Is China's green transformation underway? The balance of evidence suggests a turnaround is afoot, propelled not by external pressure but by national self-interest. Beijing on July 2 revealed the long-awaited details of its proposed undertakings

    July 2, 2015 08:02 pm JST
  • Venturing abroad

    Western entrepreneurs go east

    BANGKOK -- Entrepreneurs from North America and Europe are coming to Asia to fill gaps in the market and connect East and West. Meet Paul McTaggart. While employed by U.S.-based travel website Expedia, the Canadian was struck by inspiration on a

    July 2, 2015 01:00 pm JST
  • ECB keeps Greece on tight funding leash ahead of referendum

    FRANKFURT (Reuters) -- Euro zone central bank chiefs kept their existing cap on a funding lifeline to Greece in place on Wednesday, the ECB said, a move that keeps pressure on Greece as its lenders run out of cash. The Governing Council of decis

    July 2, 2015 10:23 am JST
  • Euro crisis spreads

    Greek default exposes cracks in eurozone system

    LONDON -- Shock waves have buffeted the global financial system since Greece become the first developed nation to default on payments to the International Monetary Fund. The country fell into default Tuesday after Prime Minister Alexis Tsipras'

    July 2, 2015 02:55 am JST
  • Greece's Tsipras digs in against bailout

    ATHENS/BRUSSELS (Reuters) -- A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with EU partners before a referendum on Sunday that may decid

    July 2, 2015 02:00 am JST
  • Buy a Thai SIM card, get free insurance

    BANGKOK -- AXA, France's No. 1 insurance company, has embarked on a full-scale effort to cultivate the Asian market. By tapping the region's growth potential, the insurer aims to increase its policyholder base in Asia outside Japan from 14 million t

    July 2, 2015 12:00 am JST
  • George Magnus: Greece will cast long political shadows

    If Greece were in Asia, it would be the seventh largest economy, of little geopolitical consequence and soon to be overtaken by Bangladesh and Vietnam. Greece's size, however, is not the right metric to use when gauging its significance in Europe's

    July 2, 2015 12:00 am JST
  • Frederic Neumann: Greek turmoil is not without risks to Asia

    The coming weeks will prove critical for Greece's membership of the eurozone. For Asia, the immediate impact of a potential "Grexit" should be manageable. A powerful policy response by major central banks and comfortable reserve buffers in the regio

    July 2, 2015 12:00 am JST
  • Athens at the abyss

    ATHENS -- A sense of chaos has deepened in Greece as tensions over how to deal with the nation's debt have come to a head. Greece failed to meet a June 30 deadline for a 1.5 billion euro ($1.67 billion) debt payment to the International Monetary

    July 2, 2015 12:00 am JST