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  • Kobelco eyes US comeback with new plant

    TOKYO -- Kobelco Construction Machinery plans to build an American factory as early as 2015 to meet growing demand for equipment used in real estate development and shale gas production. The wholly owned Kobe Steel subsidiary will spend 1 billio

    December 2, 2013 10:40 pm JST
  • Philippines no longer just the world's call center

    MANILA -- The Philippine market for outsourced jobs from abroad is expanding in both size and scope, taking on work with more added value. In a business district of the capital city, workers search for Japanese medical research papers on behalf

    December 2, 2013 10:24 pm JST
  • Hefty bonuses whet Japan's appetite for foreign travel

    TOKYO -- Japanese consumers are packing their bags for overseas vacations during the year-end holiday season, banking on fatter winter bonuses courtesy of recovering corporate earnings. Many businesses are expected to close for the nine days fro

    November 30, 2013 07:00 am JST
  • Weathernews satellite to chart cheaper path for Asia-Europe shipping

    TOKYO -- A tiny satellite sent up by Japan's Weathernews promises to guide vessels through the Arctic Ocean, slashing shipping costs between Asia and Europe. Weathernews' satellite was launched from Russia on Nov. 21. This made the private provi

    November 29, 2013 01:00 pm JST
  • ECB rate cut an 'insurance policy' for prices: French central bank chief

    TOKYO -- Despite the European inflation rate's recent dip to a four-year low, the governor of the Banque de France is optimistic that prices in the region will turn up as the economy recovers in the next year or thereafter. "I do not see real risks

    November 29, 2013 01:00 pm JST
  • German competitiveness a boon to Europe, ECB official argues

    TOKYO -- Rebuffing American criticism of Germany's long-running current-account surplus, European Central Bank executive board member Benoit Coeure maintains that the competitiveness of German companies is an asset for the eurozone. Quantitative

    November 29, 2013 12:52 am JST
  • Hyundai sets sights on European luxury market with all-new Genesis

    SEOUL (Nikkei) -- Hyundai Motor has unveiled the all-new Genesis luxury sedan, which will spearhead the South Korean automaker's push into the European luxury car market. The first full model change for the vehicle in six years, the new Genesis

    November 28, 2013 07:00 am JST
  • Europe woes to keep lifting Japan bank stocks in '14

    TOKYO (Nikkei) -- The investment outlook for Japanese banking shares has improved considerably, and the troubles afflicting their brethren in Europe may give them additional reason for cheer. Masayuki Kubota, senior fund manager at Daiwa SB Inve

    November 28, 2013 03:49 am JST
  • Nippon Steel expanding overseas supply network

    TOKYO (Nikkei) -- Nippon Steel & Sumitomo Metal will bolster its global supply capacity via the purchase of a U.S. steel sheet plant to keep up with Japanese automakers, which are aggressively expanding production abroad. Automakers want steelma

    November 27, 2013 02:19 am JST
  • Nippon Steel, ArcelorMittal to buy US auto steel plant

    TOKYO (Nikkei) -- Nippon Steel & Sumitomo Metal and ArcelorMittal will jointly acquire an automotive steel sheet plant in the U.S. from ThyssenKrupp, more than doubling the partners' combined production capacity in that country. The deal is expe

    November 27, 2013 02:00 am JST
  • Toyota, Honda earnings growth leaves Western rivals in the dust

    TOKYO (Nikkei) -- Driven by a weakening yen and strong performance in North America, Toyota Motor and Honda Motor logged sharp earnings growth for the July-September quarter, far surpassing their U.S. and European competitors. Toyota saw earnin

    November 27, 2013 02:00 am JST
  • China on track to pass Japan as top robot market in 2015

    TOKYO (Nikkei) -- China is poised to eclipse Japan and become the world's largest market for industrial robots in 2015, according to a trade organization. The International Federation of Robotics indicates that 2012 robot shipments in China surg

    November 26, 2013 12:32 am JST
  • Cash-rich Chinese snap up US, European properties

    BEIJING (Nikkei) -- Sky-high real estate prices at home are compelling more Chinese companies to venture abroad, resulting in recent high-profile acquisitions in New York, London and elsewhere. With domestic prices at lofty levels, more Chinese

    November 25, 2013 10:35 pm JST
  • New climate framework wider in scope, vague on commitment

    WARSAW (Nikkei) -- Climate change initiatives that have varied between industrialized and developing nations will be unified, according to an agreement hammered out at United Nations-led talks here that ended Saturday. Under the arrangement, ind

    November 24, 2013 10:25 pm JST
  • Mitsubishi Heavy, Hitachi joining European study to optimize EVs

    MALAGA, Spain (Nikkei) -- Mitsubishi Heavy Industries and Hitachi will participate in an experiment in the southern Spanish city of Malaga to help a community use renewable energy more efficiently by using electric vehicles, eyeing commercialization

    November 22, 2013 03:10 am JST
  • Japan train standards push looks derailed

    TOKYO -- China is getting in the way of Japan's efforts to lead talks potentially worth billions of dollars on common global technical standards for railway systems. Japan is trying to take the initiative in negotiations under the International

    November 21, 2013 07:00 pm JST
  • Ripples from Western derivatives regulation spreading across Asia

    Since the beginning of the financial crisis in 2008, Group of 20 governments have sought to extend their regulation of the financial markets -- to avoid letting "Main Street pay for a failure on Wall Street."The leaders' statement issued at the G-20

    November 21, 2013 12:00 am JST
  • Mitsubishi Estate learns from Rockefeller debacle

    TOKYO -- Japanese old enough to have experienced the country's bubble economy in the late 1980s -- an era marked by the purchase of New York's landmark Rockefeller Center by a Japanese investor, may remember the mixed feelings of fear and exultation

    November 20, 2013 01:00 pm JST
  • EU to keep arms embargo on China

    TOKYO (Nikkei) -- The leaders of Japan and the European Union agreed Tuesday on the need for "responsible" controls on the arms trade, with the EU to maintain restrictions on exports of weapons and dual-use technology to China. Some EU members f

    November 20, 2013 07:00 am JST
  • Japanese firms' profits outpacing foreign rivals

    TOKYO (Nikkei) -- Japanese corporations have pushed their profitability sharply past foreign rivals, lifting the nation's stock market in the process. The Nikkei Stock Average reached 15,000 on Friday for the first time in about six months as in

    November 16, 2013 07:00 am JST