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  • Joshua Kurlantzick

    The dark heart of ASEAN

    On Feb. 15, at a summit in California, U.S. President Barack Obama will meet with the leaders of the 10 countries of Asia's most important regional grouping: the Association of Southeast Asian Nations. The event, the first-ever U.S.-ASEAN summit on

    February 13, 2016 02:00 pm JST
  • Japan, Canada urge North Korea to refrain from further provocation

    OTTAWA (Kyodo) -- Japan and Canada at a foreign ministers' meeting Friday urged North Korea to refrain from further provocations following its recent rocket launch, while also reaffirming their commitment to the rule of law at sea, in an apparent re

    February 13, 2016 01:20 pm JST
  • Yiyun Li Interview

    China-born US author sees fatal weaknesses in both countries

    SAN FRANCISCO -- Yiyun Li has drawn the attention of the U.S. and U.K. literati by writing stories evoking the works of great Russian author and doing so in English, which is not her native language. She has described how ordinary Chinese lived in t

    February 13, 2016 01:00 pm JST
  • Crude oil's downturn

    Bulls eye output cuts, recovering prices

    TOKYO -- Even as West Texas Intermediate futures once again approach $25 a barrel with the U.S. benchmark at its cheapest in more than 12 years, some investors have started betting on a rebound in hopes of crude oil production beginning to slow.

    February 13, 2016 07:30 am JST
  • Wall St rallies; S&P 500 snaps 5-day losing streak

    NEW YORK (Reuters) -- U.S. stocks rallied on Friday, snapping a five-day losing streak in the S&P 500, as financial, commodity-related and other beaten-down shares rebounded. U.S. oil prices settled 12.3 percent higher, boosting energy shares 2.

    February 13, 2016 07:10 am JST
  • Global foods

    Yamazaki Baking parts ways with Nabisco after 46 years

    TOKYO/GENEVA -- Ending a decades-old partnership, Yamazaki Baking will cease production of Oreos, Ritz and two other iconic Nabisco brands in Japan -- the outcome of a strategy shift in an industry marked by frequent mergers and realignments. Th

    February 13, 2016 07:05 am JST
  • Athletic-shoe makers

    Asics buying US fitness app developer

    OSAKA -- Asics is purchasing the American company behind the popular Runkeeper fitness-tracking app under a deal announced Friday. The Japanese footwear and sports equipment producer is acquiring all shares in FitnessKeeper for around $85 millio

    February 13, 2016 06:37 am JST
  • Foreign exchange

    Emerging-market currencies' stability may be short-lived

    LONDON -- While many emerging countries' currencies have stabilized or strengthened as global economic weakness has weighed on the dollar, their slide could resume amid persistent concern about underlying economic issues. The dollar index has tu

    February 13, 2016 05:40 am JST
  • Automotive materials

    Mitsui Chemicals joins push to Mexico, eyes urethane plant

    TOKYO -- Mitsui Chemicals will set up a production site for automotive resin materials in Mexico this spring, joining a growing influx of auto-related companies looking to supply the North American market. An investment of around 1 billion yen (

    February 13, 2016 02:50 am JST
  • Mitsubishi Regional Jet

    Test flights to start as early as September

    TOKYO -- Mitsubishi Aircraft is looking to start flying trials of Japan's first homegrown passenger jet as early as September in the U.S., in a bid to make up for past delays and ensure it can deliver the first unit to ANA Holdings in mid-2018 as pr

    February 13, 2016 02:00 am JST
  • Banks drag Wall St lower as growth fears, rate outlook weigh

    NEW YORK (Reuters) -- Bank shares dragged Wall Street lower on Thursday on concerns the slowing global economy will continue to pressure interest rates, while energy shares helped pare losses late in the session. Volume was high as the S&P 500 t

    February 12, 2016 07:06 am JST
  • Fed's Yellen sticks to her guns as global market rout worsens

    WASHINGTON (Reuters) -- Federal Reserve Chair Janet Yellen returned to Congress with a brave face on Thursday amid a worsening meltdown in global markets and growing skepticism the U.S. central bank can carry out its long-planned pivot to "normal" m

    February 12, 2016 06:22 am JST
  • Einstein's gravitational waves detected in scientific milestone

    WASHINGTON/CAMBRIDGE (Reuters) -- Scientists have for the first time detected gravitational waves, ripples in space and time hypothesized by Albert Einstein a century ago, in a landmark discovery announced on Thursday that opens a new window for stu

    February 12, 2016 06:13 am JST
  • US business in China

    Slowdown hurting sales at more companies, poll finds

    SHANGHAI -- More than a fifth of American companies in China saw revenue decline in 2015 as the economic slowdown began affecting operations, according to a survey by a group representing U.S. business interests. The 23% reading was the highest

    February 12, 2016 03:30 am JST
  • Japanese aerospace industry

    Trio offers to team with Boeing on next-gen plane

    TOKYO -- Three Japanese companies have proposed a risk and revenue sharing partnership with Boeing to develop the U.S. aerospace giant's next-generation small passenger aircraft. The plan by Mitsubishi Heavy Industries, Kawasaki Heavy Industries

    February 12, 2016 02:30 am JST
  • M&A activity

    Japanese drinks groups seek global depth

    TOKYO -- Asahi Group Holdings' move into Europe shows how eager Japanese drinks groups are to expand beyond a shrinking domestic market. Asahi, whose acquisitions had focused on the Asia-Pacific region, has bid for four SABMiller companies, incl

    February 12, 2016 02:00 am JST
  • Yen surges 2% vs dollar as global worries deepen

    LONDON (Reuters) -- The yen jumped 2 percent to its strongest in 15 months against the dollar on Thursday, with another wave of capital flows into the traditional security of Japan raising expectations of official intervention to cool the currency's

    February 11, 2016 10:24 pm JST
  • Tony Yates

    How emerging market panic has infected the West

    The new and disturbing phases of market uncertainty in January have given way to outright routs, involving a broad-based fall in stock prices in the major developed markets, dragging some into bear territory. The latest phase, unfolding from early F

    February 11, 2016 06:30 pm JST
  • Dollar slips in wake of Yellen testimony, yen climbs

    SINGAPORE/SYDNEY (Reuters) -- The dollar hit a 15-month low against the yen on Thursday after comments from Federal Reserve Chair Janet Yellen gave investors no reason to change their minds that the next rate hike will be a long time coming. Sti

    February 11, 2016 12:59 pm JST
  • Dollar extends drop, hits fresh 15-month low against yen

    SINGAPORE (Reuters) -- The dollar hit a fresh 15-month low versus the yen on Thursday after comments from Federal Reserve Chair Janet Yellen the previous day gave investors no reason to change their minds that the next rate hike will be a long time

    February 11, 2016 12:08 pm JST