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  • OPEC extends oil output cut by nine months to fight glut

    VIENNA (Reuters) -- OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three y

    May 25, 2017 08:50 pm JST
  • SoftBank invests $100m in Brazilian ride-hailing app 99

    QUITO, Ecuador -- Japan's SoftBank Group has agreed to invest $100 million in Brazilian ride-hailing app provider 99, the startup said on Wednesday.The Brazilian company is expected to use the fresh funds to expand its reach in Latin America.99 has

    May 25, 2017 10:58 am JST
  • Cobalt and lithium are ones to watch in 2017

    SYDNEY Cobalt may be the most interesting commodity to watch in 2017.With global carmakers committed to producing more electric vehicles amid changes in battery technologies, Macquarie Research has projected that demand for cobalt-cathode batteries

    May 25, 2017 10:00 am JST
  • 'TPP 11' are working to save the trade deal, but members remain far apart

    HANOI The remaining members of the Trans-Pacific Partnership trade deal showed at least some level of unity in a statement May 21, but the outlook for a "TPP 11" version of the trade pact after the U.S. bailed on the deal looks hazy as gaps remain o

    May 25, 2017 10:00 am JST
  • Brazilian ride-hailing app 99 raises $100m from SoftBank

    SAO PAULO (Reuters) -- Japan's SoftBank Group Corp agreed to invest $100 million in Brazilian ride-hailing app 99, the startup said on Wednesday, capping off a fund-raising round totaling more than $200 million.Press representatives for 99 declined

    May 25, 2017 06:35 am JST
  • 'TPP 11' make show of unity, but members remain far apart

    HANOI -- The remaining members of the Trans-Pacific Partnership showed some level of unity in a statement Sunday, but the outlook for a "TPP 11" version of the trade pact after the U.S. ditched the deal looks hazy amid gaps on some issues.Ministers

    May 22, 2017 02:40 am JST
  • Gordon French: As domestic returns wane, Japanese investors should go south

    If finance was science fiction, Japanese pension funds and insurance companies would be the inhabitants of a planet where the most precious commodity -- return on investment -- has all but disappeared. Now they must leave behind their familiar plane

    May 18, 2017 10:00 am JST
  • Japan to push for 'TPP 11' by year-end

    TOKYO -- Japan on May 21 will call on the 10 other remaining members of the Trans-Pacific Partnership to come to a general agreement by the end of the year on implementing an accord without the U.S. It will make the push during a meeting in Vietnam.

    May 14, 2017 02:00 am JST
  • China-led AIIB approves seven new members ahead of new Silk Road summit

    BEIJING (Reuters) -- The China-backed Asian Infrastructure Investment Bank (AIIB) said on Saturday it had approved seven new members to join the bank, a day before China's biggest diplomatic event of the year kicks off.Leaders from 29 countries will

    May 13, 2017 07:30 pm JST
  • Bulk carriers' freight rates plunge 40% in a month

    TOKYO/HONG KONG -- China and its piles of iron ore have pressured shipping companies to cut freight rates around the globe. In the past month, rates for bulk carriers have plunged 40% -- largely because China is in no rush to import more.The index f

    May 11, 2017 04:00 pm JST
  • TPP members agree to go on minus US, but differ on terms

    TORONTO -- The 11 remaining Trans-Pacific Partnership members agreed over two-day talks here to resuscitate the trade pact without the U.S., but differences remained over the shape the new deal would take.The gathered representatives agreed to "keep

    May 5, 2017 02:20 am JST
  • New Pacific trade pact goes against the protectionist tide

    AUCKLAND With international trade deals around the world breaking down, a new pact among 14 Pacific nations offers hope of progress even if its impact is likely to be mostly symbolic.Australia, New Zealand and 12 smaller island nations are to sign t

    May 4, 2017 10:00 am JST
  • China crowding Japan out of avocado market

    TOKYO -- Japanese avocado lovers are feeling the pinch. Prices for the guacamole fruit are hitting record levels due to reduced harvests in Mexico and other major producers. Swelling demand in China and the U.S. is also at play.The retail price for

    May 3, 2017 03:00 pm JST
  • Gordon French

    Japan's search for yield is an opportunity for Asia

    Japan is steering a course for new galaxies. If finance was science fiction, Japanese pension funds and insurance companies would be the inhabitants of a planet where the most precious commodity -- return on investment -- has all but disappeared. No

    May 2, 2017 09:00 am JST
  • Interview

    Tokyo to push for TPP without US, says Aso

    TOKYO -- Japan wants to convince 10 other Pacific Rim countries to enter into the Trans-Pacific Partnership deal without the U.S., Deputy Prime Minister Taro Aso said on Thursday.In a reversal of earlier reticence about a TPP minus the U.S., Japan n

    April 27, 2017 09:00 pm JST
  • TPP talks to get going -- with notable absentee

    TOKYO -- The 11 remaining signatories to the Trans-Pacific Partnership will start talks next week aimed at putting the trade agreement into force, without the participation of the U.S. Lead negotiators gather in Canada to begin the new talks on May

    April 27, 2017 06:35 pm JST
  • The long, frustrating quest for free trade in Asia

    SINGAPORE -- It was a punch in the gut for Jenesis (Shenzhen) when the U.S. called it quits on the Trans-Pacific Partnership. Just like that, the contract electronics manufacturer's very raison d'etre was thrown into question.Jenesis, which supplies

    April 27, 2017 12:00 pm JST
  • Think the RCEP is about free trade? Think again

    SINGAPORE -- Delegates from Pakistan's remote Khyber Pakhtunkhwa province were all smiles as they signed an economic cooperation agreement with China on April 17."We have set the stage to begin [a] journey of industrialization," the province's chief

    April 27, 2017 12:00 pm JST
  • If US won't lead on trade, China will: Ex-US trade rep

    TOKYO America's withdrawal from the Trans-Pacific Partnership leaves the door open for China to set the agenda in Asia-Pacific trade, warns former U.S. Trade Representative Michael Froman.Now a distinguished fellow at the Council on Foreign Relation

    April 27, 2017 10:00 am JST
  • Think the RCEP is about free trade? Think again

    SINGAPORE Delegates from Pakistan's remote Khyber Pakhtunkhwa province were all smiles as they signed an economic cooperation agreement with China on April 17."We have set the stage to begin [a] journey of industrialization," the province's chief mi

    April 27, 2017 10:00 am JST