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  • Slippery commodity

    Crude oil prices may face protracted slump

    TOKYO -- International crude oil prices have continued to tumble since this past summer, with U.S. crude oil futures declining to half the record high of $147 a barrel set in 2008. Lower oil prices will lead to improvements in corporate earnings

    November 23, 2014 01:00 pm JST
  • QE in Europe

    Draghi readying to take the plunge

    BERLIN -- Comments by President Mario Draghi suggest that the European Central Bank is gearing up to start large-scale purchases of sovereign bonds. "We will do what we must to raise inflation and inflation expectations as fast as possible, as o

    November 22, 2014 07:17 am JST
  • Garment industry shift

    Vietnam emerges as next big factory floor

    TOKYO/YANGON -- Cost-sensitive garment businesses around the world increasingly regard Vietnam as a top choice for production, in anticipation of a trans-Pacific trade deal that would eliminate tariffs on clothes entering the U.S. A factory esta

    November 22, 2014 06:41 am JST
  • China auto demand

    Kobe Steel to deepen ties with Austria's voestalpine

    TOKYO -- Japan's Kobe Steel will supply steel sheet to an autoparts factory being built in China by the Austrian steelmaker voestalpine, in a partnership aimed at meeting surging demand. The two steelmakers had entered a technological tie-up in

    November 22, 2014 02:50 am JST
  • Halal medicine

    Drugmakers seek new opportunities in Islamic world

    DUBAI -- As the population and economic clout of the Muslim world continues to grow, pharmaceutical companies are putting more effort into developing medicines that comply with Islamic law. Demand for advanced medical treatment has been growing

    November 21, 2014 07:00 pm JST
  • Japanese automakers race ahead

    Toyota leads pack with record net profit

    TOKYO -- Japanese automakers enjoyed solid earnings for the fiscal 2014 first half, helped by a weak yen and robust North American market, while recall woes and unfavorable exchange rates eroded profits at U.S. and South Korean rivals. The Nikke

    November 21, 2014 02:13 am JST
  • New low-cost manufacturers

    US, Mexico identified as increasingly competitive

    TOKYO -- The U.S. and Mexico have emerged as new low-cost manufacturing economies, but Brazil and other emerging nations have seen their cost competitiveness decline, according to a report by the Boston Consulting Group. The U.S.-based cons

    November 20, 2014 01:00 pm JST
  • Islamic State: The new face of terror

    In its quest to acquire manpower and support for its operations in Syria and Iraq, the Islamic State militant group is making deep inroads into Asia -- and achieving a level of success that al-Qaida could only have dreamed of. The growing presence o

    November 20, 2014 12:00 am JST
  • Kamal Alam: Syria offers clues to Islamic State's future in Asia

    One of the more remarkable documents found in the Osama bin Laden compound included a letter to the Islamic State group of Iraq and Syria cautioning Abu Musab al-Zarqawi over his group's extreme violence. The insurgency in Fallujah and Tal Afar

    November 20, 2014 12:00 am JST
  • Tax time-out

    Abe finds global sympathy for delay

    TOKYO -- The world is greeting Prime Minister Shinzo Abe's decision to postpone a tax increase on consumers with a mixture of relief that the Japanese economy will be spared another blow and concern about the fiscal repercussions. In China and S

    November 19, 2014 05:34 am JST
  • The Sanskrit rift

    German no longer part of India's education zeitgeist

    NEW DELHI -- The Indian government's decision to drop German as a third language in state-run central schools has kicked up a row. Kendriya Vidyalayas, or KVs, as the central schools are referred to in India, have been offering German as a third

    November 18, 2014 08:30 pm JST
  • Day trading

    Not all Japan's individual investors out for quick killing

    TOKYO -- Say the words "day trader" and one calls to mind someone hunched over a computer at home, looking to turn a quick profit on fluctuating stock prices, buying and selling shares many times a day. But not all day traders fit the stereotype

    November 18, 2014 07:00 pm JST
  • Consumer finance

    Hitachi Capital issues $3 billion UK bonds

    TOKYO -- Hitachi Capital, a major Japanese leasing company, will issue $3 billion in straight bonds in the U.K. for the fiscal year ending March 2015. The figure rocketed 280% from the $800 million for fiscal 2014, marking Hitachi's biggest issue in

    November 18, 2014 03:00 pm JST
  • International property

    China's foreign real estate spending spree

    DALIAN, China -- A 56-story luxury condominium on the banks of the River Thames in London is drawing strong interest from Chinese investors. "One Nine Elms", by Dalian Wanda Group, China's largest commercial property company, is the conglomerate

    November 18, 2014 01:00 pm JST
  • Interview with ECB's Praet

    Eurozone can't afford 'reform fatigue'

    FRANKFURT, Germany -- Geopolitical risks and a low inflation rate are looming over a sluggish eurozone economy. And according to Peter Praet, the European Central Bank's chief economist and a member of its executive board, "reform fatigue" is anothe

    November 17, 2014 10:00 pm JST
  • G-20 hammers out growth strategies to boost collective GDP by 2.1%

    BRISBANE, Australia (Kyodo) -- Leaders of the Group of 20 economies hammered out growth strategies to boost their collective gross domestic product by 2.1 percent by 2018 on Sunday, aiming to brush aside fears that the global economy will enter a s

    November 16, 2014 11:45 pm JST
  • Ascendant Asian filmmakers pull no emotional punches

    TAIPEI -- Daring films by two up-and-coming Asian directors are making waves internationally. "Lilting," the debut feature from Cambodian-British director Hong Khaou, portrays the struggles of Asian immigrants trying to find a balance between th

    November 16, 2014 01:00 pm JST
  • Min Lan Tan: Eurozone banks not stressed, but economy still is

    The long-anticipated results of the eurozone's banking "stress tests" -- an asset-quality review of eurozone banks -- have removed an overhang in financial markets. The European Central Bank (ECB) can now definitively say the region's banking sector

    November 16, 2014 12:00 pm JST
  • Cyberdyne's robotic leg suit headed to massive US medical market

    TOKYO -- Japanese technology venture Cyberdyne is preparing to release a robotic movement-assistance suit in the U.S., the world's largest medical equipment market. The product, called HAL for Medical Use, is designed to help patients who have l

    November 16, 2014 12:00 am JST
  • G-20 leaders vow to tackle Ebola impact on global economy

    BRISBANE, Australia (Kyodo) -- Leaders from the Group of 20 economies issued a statement Saturday pledging to fight the Ebola pandemic, a move suggesting they see the outbreak in West Africa as a serious downside risk to the world economy. The s

    November 15, 2014 06:30 pm JST