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  • Fed walks tightrope as it looks to future rate hikes

    NEW YORK -- With the U.S. finally having shaken off the worst effects of the 2008 global financial crisis, the Federal Reserve on Wednesday officially announced an end to its bond-buying program. The U.S. economy has begun to grow again, thanks

    October 31, 2014 01:00 pm JST
  • Brahma Chellaney: A broken international system?

    Three upcoming summits -- the Asia-Pacific Economic Cooperation meeting in Beijing, the annual East Asia Summit in Naypyitaw, Myanmar, and the G-20 summit in Brisbane, Australia -- will bring together a host of world leaders, including U.S. Presiden

    October 30, 2014 06:00 pm JST
  • Hitachi lifts profit guidance on brisk infrastructure demand

    TOKYO -- Hitachi upgraded its earnings guidance for fiscal 2014 on Wednesday in light of strong demand for its information systems and infrastructure-related equipment. The Japanese conglomerate added 20 billion yen ($183 million) to the group o

    October 30, 2014 05:11 am JST
  • Daniel Twining: Upending the new global order

    The world has a new G-7. The Group of Seven once comprised the world's leading industrialized economies -- in North America, Europe and Japan. Now, the International Monetary Fund calculates the combined gross domestic product of the seven biggest e

    October 30, 2014 12:00 am JST
  • Fears of new Europe crisis fueling market jitters: Sumner

    WASHINGTON -- Investor concerns about a possible return of the sovereign debt crisis in the eurozone are a major reason for the recent turbulence in the world's financial markets, according to Scott Sumner. Sumner, an economist who teaches at Be

    October 30, 2014 12:00 am JST
  • Ho Ching upbeat as Temasek's portfolio expands offshore

    SINGAPORE -- Despite recent economic turmoil, Temasek Holdings remains focused after 40 years on long-term returns from a major investment portfolio that has spread offshore. Temasek opened offices in London and New York this year in its stra

    October 29, 2014 11:45 pm JST
  • Beware of market volatility: IMF official

    BEIJING -- The International Monetary Fund calls the global economic recovery "uneven." Earlier this month, it shaved 0.1 of a percentage point off its world growth outlook for this year, to 3.3%. The outlook for 2015 was cut by 0.2 of a point, to 3

    October 29, 2014 01:00 pm JST
  • Automakers downshifting Russian output as car sales stall

    TOKYO -- While Russia may be the world's seventh-largest automobile market, with tremendous growth potential, political instability has begun weighing down car sales there and forcing automakers to adjust local production plans. A case in point

    October 29, 2014 04:19 am JST
  • Strong earnings no longer a magic wand for Japanese companies

    TOKYO -- With interim earnings season in full swing, some Japanese companies are in for a rude awakening -- strong earnings reports don't necessarily translate into soaring stock prices. Take Canon and Fanuc, for example. Canon on Monday upg

    October 29, 2014 02:28 am JST
  • Benn Steil: How the Fed roils emerging markets

    In April 2013, Ukraine was carrying a massive current-account deficit of 8%, and was desperate for dollars to pay for vital imports. Yet on April 10, then-President Viktor Yanukovych's government rejected terms set by the International Monetary Fund

    October 28, 2014 07:00 pm JST
  • Petrochemical prices drop in Asia as crude keeps falling

    TOKYO -- Plunging crude oil is dragging down the prices of chemical feedstock in Asia and weighing on the prices of synthetic resins and fabric materials as well. The spot price of naphtha, a commodity made from the distillation of crude, has fa

    October 28, 2014 01:10 am JST
  • Novartis to sell flu vaccine business to Australia's CSL

    FRANKFURT, Germany -- European drug giant Novartis said Sunday it will sell its influenza vaccine business to Australian vaccine manufacturer CSL for $275 million as part of a reorganization of its operations. The Swiss company's flu vaccine bus

    October 27, 2014 11:29 pm JST
  • Formidable and charismatic, late Total CEO left mark on Japan

    FRANKFURT, Germany -- Total CEO Christophe de Margerie, who died in an aircraft accident in Moscow late Oct. 20 night, is remembered as a formidable business leader with a human touch. His willingness to speak his mind and act on his convic

    October 27, 2014 07:00 am JST
  • Ebola's arrival in New York raises concerns over containment

    WASHINGTON -- With New York reporting its first case of Ebola on Thursday, the city's response could serve as a test case of whether a metropolis, where millions cross paths riding public transit, can prevent the spread of the deadly virus. Colu

    October 25, 2014 05:24 am JST
  • Japan finally talking emission reduction target

    TOKYO -- Japan has finally started discussing a greenhouse gas emission reduction target for 2020 and beyond, having fallen behind other major economies such as China, the U.S. and the European Union. The international community is working to es

    October 25, 2014 05:02 am JST
  • China's strategic stockpiling sways global copper market

    TOKYO -- China's veiled yet substantial moves on the copper market are making it difficult for watchers to read the direction of prices. In early October, copper was trading around the $6,600 level per ton on the London Metal Exchange, about a f

    October 24, 2014 07:00 pm JST
  • SAP setting up new base for innovation in Singapore

    SINGAPORE -- German software giant SAP announced Friday that it will open a new research-and-development center in Singapore. Through partnerships with client companies as well as universities, the SAP Innovation Center will pursue products and

    October 24, 2014 06:51 pm JST
  • When Bridgewater's Dalio speaks, people listen

    NEW YORK -- Ray Dalio, founder of Bridgewater Associates, the world's largest hedge fund, was born in the working-class borough of Queens, New York. His father was a saxophone player and his mother was a full-time homemaker. Now the superstar invest

    October 24, 2014 01:00 pm JST
  • Ray Dalio: US 'beautifully' deleverages but most places need more easing

    NEW YORK -- Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, guided his company through the Great Recession as many got burned. How did he do it? Last year, he released an animated video, "How the Economic Machine Works,

    October 24, 2014 01:00 pm JST
  • Famed US investor creates cartoon to explain economy

    NEW YORK -- Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, has made a cartoon that explains how the economy functions. In the YouTube video "How the Economic Machine Works," the American businessman analyzes three

    October 24, 2014 01:00 pm JST