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  • 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 that the combined gross domestic product of the seven bigg

    October 17, 2014 07:00 pm JST
  • Asia's coffee cravings contribute to inflated bean prices

    TOKYO -- Asia's growing taste for java means that high trading prices for coffee beans may not change anytime soon. A gloomy harvest outlook for Brazil, the world's No. 1 coffee grower, pushed up New York's benchmark contract to 200 cents per po

    October 16, 2014 12:00 am JST
  • Nippon Steel won't boost stake in Usiminas amid row: president

    MOSCOW -- Nippon Steel & Sumitomo Metal has no plans to buy additional shares in Brazilian steelmaker Usiminas as it apparently seeks to resolve its dispute with another major shareholder, Ternium, without changing its ownership level. "We have

    October 8, 2014 04:47 am JST
  • Asian coffee demand one factor behind jacked-up bean prices

    TOKYO -- Coffee beans are trading at relatively high prices, and Asia's growing demand for java means that may not change anytime soon. A gloomy harvest outlook in Brazil, the world's No. 1 bean grower, pushed up the benchmark contract in New Yo

    October 4, 2014 01:00 pm JST
  • Clash deepens between Nippon Steel, Ternium over Usiminas stake

    TOKYO -- Ternium's plans to boost its stake in Brazilian steelmaker Usiminas are widening the rift between itself and Nippon Steel & Sumitomo Metal, currently a top shareholder in Usiminas. The Argentine steelmaker said Thursday that it has agre

    October 4, 2014 03:37 am JST
  • Central banks, governments in tug-of-war in emerging markets

    MUMBAI -- Concerns about central banks' ability to keep the global economy on an even keel are rising, both in big emerging-markets, where monetary authorities' independence is under pressure, and in advanced economies, which are facing a difficult

    September 29, 2014 01:00 pm JST
  • Abe laying new groundwork for UN Security Council ambitions

    NEW YORK -- Addressing the United Nations General Assembly on Thursday, Japanese Prime Minister Shinzo Abe mapped out his vision for reforming the powerful Security Council as the world body nears its 70th birthday. "It is my wish, with the 70th

    September 26, 2014 02:34 am JST
  • Brazil needs a Thatcher -- and it may get a Socialist one: Fund exec

    SAO PAULO -- The Brazilian national soccer team's defeat on home soil at this year's World Cup had a curious side effect. It sent the country's stock market rallying. Frederico Mesnik, head of major Brazilian fund management firm Humaita Investiment

    September 25, 2014 12:00 am JST
  • Iron ore miners wonder who will crumble first

    BANGKOK -- Iron ore prices are down almost 40% this year, and many miners hope it has hit bottom. But recent events show that their problems may only get worse. Some weaker players are already failing, and experts forecast years of over-supply cause

    September 22, 2014 02:20 pm JST
  • Brazil needs a Thatcher (and it may get a Socialist one): fund exec

    SAO PAULO -- The Brazilian national soccer team's defeat on home soil at this year's World Cup had a curious side effect: It sent the country's stock market rallying. Frederico Mesnik, head of Brazilian fund management firm Humaita Investimentos, sa

    September 17, 2014 07:00 pm JST
  • Star Alliance rivals SkyTeam, oneworld close gap on global sky leader

    NEW YORK -- Three airline groups are intensifying their battle over which will take leadership of the skies. Though Star Alliance has been firmly in the lead, SkyTeam and oneworld are gaining ground by expanding services through the addiction of new

    September 16, 2014 01:00 pm JST
  • Woman power can add to Japan's growth: Lagarde

    TOKYO -- By helping women participate more in the workplace, Japan can add 0.25% to its economic growth rate each year, Christine Lagarde, managing director of the International Monetary Fund, said in Tokyo on Friday. Speaking at a forum titled

    September 12, 2014 02:25 pm JST
  • Nishikori among athletes who left Japan at young age

    TOKYO -- Kei Nishikori, the men's singles runner-up in the 2014 U.S. Open tennis tournament, is among a group of Japanese athletes who went overseas to train while in their early teens, improving their skills by competing with elite players from aro

    September 10, 2014 04:24 am JST
  • Vale chief sees iron ore prices recovering by year-end

    TOKYO -- Prices for iron ore have continued to fall due to a glut but will likely rebound this year, the head of Brazilian mining giant Vale told The Nikkei on Tuesday. Prices will probably recover to between $95 and $100 per ton by year-end, Pr

    September 10, 2014 02:36 am JST
  • Sumitomo Electric to build new Mexican autoparts plant

    OSAKA -- Sumitomo Electric Industries will construct a new autoparts plant in Mexico, anticipating growing demand there as major Japanese automakers continue to move into the country. The company said Monday that it will spend some 3 billion yen

    September 9, 2014 03:38 am JST
  • Itochu to buy half of Brazilian soy company

    TOKYO -- Itochu will take a 50% stake in Brazilian grain company Naturalle, which will seek to quadruple its annual collection of soybeans through its tie-up with the Japanese trading house. Naturalle breeds soybeans, sells their seeds to grower

    September 9, 2014 02:00 am JST
  • Ajinomoto decentralizing overseas ops

    TOKYO -- Japanese cuisine's growing popularity overseas is creating favorable business conditions for food makers. Companies such as Ajinomoto often face big hurdles to overseas expansion because culinary cultures vary from nation to nation. In

    September 8, 2014 01:00 pm JST
  • Takeda to start final dengue vaccine trials in fiscal 2015

    TOKYO -- Japan's Takeda Pharmaceutical plans to begin next fiscal year the last phase of clinical trials for a vaccine against dengue fever, paving the way for inoculation against the mosquito-borne disease. The vaccine, which uses attenuated li

    September 8, 2014 01:38 am JST
  • Stephen Grenville: How to reboot world trade talks

    Expanding trade has been the lynchpin of globalization. Total world trade rose from 42% of global gross domestic product in 1980 to 62% in 2007, according to the International Monetary Fund. Trade slowed during the 2008 crisis and since then has bar

    September 2, 2014 01:00 pm JST
  • Omron to buy Brazilian health care device maker NS

    TOKYO -- Medical equipment producer Omron will acquire Brazilian peer NS Industria de Aparelhos Medicos for about 10 billion yen ($95.1 million) through a subsidiary. The Japanese company has reached an agreement with current shareholders of NS.

    September 2, 2014 02:45 am JST