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  • $1tn in dollar exposure has Japanese banks in deep water

    TOKYO -- Japanese banks are pursuing a dangerous strategy of loading up on foreign assets with money borrowed from overseas, a global banking watchdog has warned.Their net holdings of dollar assets have doubled to about $1 trillion since before the

    June 28, 2017 02:02 pm JST
  • Euro surges to 15-month high against yen

    TOKYO -- The euro surged to the lower-127 yen range in the foreign exchange market Tuesday, a day after European Central Bank President Mario Draghi expressed optimism about the eurozone's economy and the prospect of price increases.Draghi described

    June 28, 2017 12:37 pm JST
  • Monsanto exec sees China becoming reliant on corn imports

    TOKYO -- Chinese agriculture is in transition, with homegrown genetic modification techniques and "digital agriculture" on the way.U.S.-based Monsanto, the world's biggest supplier of seeds, has been at the forefront of global farming innovations. I

    June 28, 2017 12:11 pm JST
  • Cyber attack sweeps globe, researchers see 'WannaCry' link

    MOSCOW/KIEV/WASHINGTON (Reuters) -- A major global cyber attack on Tuesday disrupted computers at Russia's biggest oil company, Ukrainian banks and multinational firms with a virus similar to the ransomware that last month infected more than 300,000

    June 28, 2017 07:48 am JST
  • EU eager for speedy trade deal with Japan

    TOKYO -- The European Union hopes to finalize an economic partnership agreement with Japan soon, EU Trade Commissioner Cecilia Malmstroem told reporters Monday, stressing that the deal will help shape globalization "in line with European values."Tho

    June 28, 2017 03:31 am JST
  • EU takes hard line on farm trade with Japan

    TOKYO -- Brussels is pressing Tokyo to drop import tariffs on European Union cheese as difficult trade negotiations between the EU and Japan continue here, building up to a summit next month at which both sides hope to reach a broad deal.The Japanes

    June 28, 2017 02:15 am JST
  • Sprint starts mobile partnership talks with 2 US cable TV providers

    WASHINGTON -- Sprint, the fourth-largest mobile carrier in the U.S., has begun talks with two of the country's major cable television providers regarding a potential mobile business partnership, the Nikkei learned Monday. According to financial sour

    June 27, 2017 02:05 pm JST
  • Sino-Russian venture poised to chase Airbus, Boeing

    PARIS -- The sheer size of its home market and the infusion of advanced technology from Russia could elevate China's state-owned aircraft manufacturer to a serious rival for industry leaders Airbus and Boeing in the coming decades.China kept a low p

    June 27, 2017 09:10 am JST
  • Taiwan welcomes investment in offshore wind power: premier

    TAIPEI -- The Taiwan Strait will likely generate an annual 3 million kilowatts to 5 million kilowatts from wind power, Premier Lin Chuan said Monday, implying an upgrade to the previously targeted 3 million kilowatts in 2025, thanks to investment ap

    June 27, 2017 02:33 am JST
  • Market share survey shows China Inc. losing steam

    TOKYO -- Chinese companies' rise to the top of global markets seems to be losing momentum, according to Nikkei Inc.'s market share survey for 2016, as businesses battle over growing demand from emerging economies.Last year saw global market leaders

    June 26, 2017 12:23 pm JST
  • RBS to cut 443 jobs in UK, move many of them to India

    British lender Royal Bank of Scotland is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said.The Edinburgh-based bank said the cuts were part of a restructuring aimed at becoming a smaller bank."We

    June 26, 2017 10:00 am JST
  • Japan enters the 5G mega-competition

    TOKYO -- Japanese telecommunications carriers and other corporations are racing to commercialize fifth-generation mobile technology ahead of the 2020 Tokyo Olympics.The envisioned 5G network would feature data-transmission speeds of up to 20 gigabit

    June 24, 2017 02:00 pm JST
  • Palladium price nears 16-year high

    TOKYO -- The international price of palladium, a precious metal used to purify automobile exhaust, has climbed to its highest territory in about 16 years as emerging-market demand for gasoline vehicles rises and producer countries reduce supply.Pall

    June 24, 2017 05:12 am JST
  • Satyajit Das

    Can Asia avoid financial instability from Fed tightening?

    The U.S. Federal Reserve has increased interest rates for the second time this year, with plans for further "data dependent" rises. The Fed also plans to reduce its balance sheet over time. The European Central Bank faces pressure to discontinue its

    June 23, 2017 09:00 am JST
  • Japan trio to develop small-jet engines with Pratt & Whitney

    LE BOURGET, France -- U.S. aerospace company Pratt & Whitney and a team of Japanese manufacturers including Mitsubishi Heavy Industries have agreed to develop next-generation engines for small commercial aircraft, aiming to install them in the incre

    June 23, 2017 04:46 am JST
  • US 'tight oil' tempts Asian producers

    SINGAPORE -- Asian energy companies look set to catch up to their peers with investments in U.S. unconventional oil production, the area which has dominated global energy merger and acquisition activity over the last 12 months.Asian oil producers ha

    June 22, 2017 09:08 pm JST
  • Jeff Bezos 'super optimistic' about paid-for journalism

    TURIN, Italy -- There was a time when printing a newspaper was a lucrative business. Large media organizations would invest in huge printing facilities and open overseas bureaus, making it difficult for newcomers without capital to compete. Those da

    June 22, 2017 06:13 pm JST
  • German towns attempt to cash in on 'red tourism'

    TRIER, Germany The German city where Karl Marx was born on May 5, 1818, is bracing for an onslaught of tourists from nominally communist China as the 200th anniversary of his birth approaches.Vineyard-surrounded Trier, home to 110,000 people, has re

    June 22, 2017 10:00 am JST
  • Rio Tinto taps Yancoal for Australian coal assets over Glencore

    SYDNEY -- Australian-British mining multinational Rio Tinto has decided to sell its steam coal-producing subsidiary Coal & Allied to China's Yancoal Australia, the company announced Tuesday, turning down a last-minute bid from Swiss commodity trader

    June 22, 2017 06:29 am JST
  • Chinese investor to buy 60% share of Parma

    MILAN (Reuters) -- Chinese businessman Jiang Lizhang has agreed to buy a 60 percent stake in Italian side Parma, who have just been promoted to the second tier, the club said on Wednesday.Parma also announced that former Argentina forward Hernan Cre

    June 22, 2017 06:16 am JST