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  • Brazil's Rousseff cancels Japan trip as budget crisis worsens

    BRASILIA (Reuters) -- Brazilian President Dilma Rousseff on Friday called off a trip to Japan and Vietnam to save money after ordering a budget freeze of 10 billion reais ($2.60 billion) that threatens to grind the government to a halt. The free

    November 28, 2015 11:14 am JST
  • Sagging commodities

    Cheap crude pushing down prices of copper, other nonferrous metals

    TOKYO -- Prices of copper and crude oil have seen increased correlation since oil prices collapsed in late November 2014. The correlation coefficient between the two commodities has been 0.8 over the past year, close to 1, which indicates a perfect

    November 27, 2015 07:00 pm JST
  • Arthur Herman: UN Security Council must face modern realities

    In mid-October Japan was named to the United Nations Security Council for the usual temporary two-year term -- the country's 11th since it was admitted to the U.N. in 1956. But Japanese Prime Minister Shinzo Abe and others are arguing it is tim

    November 26, 2015 12:00 am JST
  • Pfizer-Allergan to take healthcare M&A deals to above $600 bln in 2015

    Pfizer Inc's looming deal to buy Botox maker Allergan Plc for more than $150 billion will cap a record-breaking run for mergers and acquisitions in the healthcare sector, taking the cumulative value of deals in 2015 to more than $600 billion. He

    November 23, 2015 06:38 pm JST
  • Japanese steelmakers

    Nippon Steel's overseas profit could melt on flagging prices

    TOKYO -- Nippon Steel & Sumitomo Metal's net profit from overseas operations looks to drop to near zero for fiscal 2015 as slumping steel prices produce losses at a Brazilian affiliate and poor earnings on other projects. The company is believed

    November 21, 2015 02:00 am JST
  • Agriculture commodities

    Cocoa, sugar futures surge amid shortage concerns

    TOKYO -- Cocoa and sugar prices have taken an upward swing as market observers speculate that exporting countries will produce less of the commodities, which would extend shortages into 2016. Cocoa futures were hovering around 2,300 pounds ($3,5

    November 20, 2015 01:06 am JST
  • Secrets of endurance

    China's slowing growth is casting a pall on the world economy. Low commodities prices have resource companies feeling the squeeze. New technologies are disrupting old industries. But in global business, the only constant is change. The question is,

    November 19, 2015 12:00 pm JST
  • Commodities producers suffering China hangover

    TOKYO -- Like a partygoer who has had one too many glasses of baiju, global commodities exporters and markets are in a daze. The benchmark Thomson Reuters CoreCommodity CRB Index fell below 200 to a 12-year low this summer, signaling the end of

    November 19, 2015 12:00 pm JST
  • Lithium

    Electric vehicles, storage units drive prices up

    SYDNEY -- Two big trends in energy technology -- the expanding appeal of electric vehicles and the growing demand for at-home battery storage systems -- are driving changes across the complex global supply chain for the soft light metal known as lit

    November 18, 2015 05:00 pm JST
  • Nuclear energy

    Argentina getting 'made in China' reactor

    BEIJING -- China has clinched a deal to supply a nuclear reactor to Argentina, the fruit of an all-out effort by Beijing to ramp up infrastructure-related exports. The deal between the state-run China National Nuclear Corp. and a state-owned Arg

    November 18, 2015 03:14 am JST
  • Commodities supercycle

    In boom's wake, pain felt from Australia to Brazil

    TOKYO -- China's slowdown continues to slam the global commodities market and daze resource exporters. The benchmark Thomson Reuters CoreCommodity CRB Index fell below 200 to a 12-year low this summer, signaling the end of the commodities boom o

    November 13, 2015 07:00 pm JST
  • Ian Bremmer

    Dust will settle in Brazil and Turkey

    In June 2013, authorities in Istanbul moved to cut down a grove of trees to make way for new commercial real estate, drawing a few dozen protesters to the center of the city. A heavy-handed police response then drew more demonstrators. Violence ensu

    November 12, 2015 01:00 pm JST
  • Nicholas Spiro: Emerging market rally running out of steam

    October was a bumper month for emerging market equities. The stocks of developing economies rose 8.6% in dollar terms, trimming back cumulative losses over the previous three months to 4%. Indonesian shares rose a dizzying 24% while Brazilian eq

    November 12, 2015 12:00 pm JST
  • Joseph E. Stiglitz, Martin Guzman

    A step forward for sovereign debt

    NEW YORK -- Every advanced country has a bankruptcy law, but there is no equivalent framework for sovereign borrowers. That legal vacuum matters, because, as we now see in Greece and Puerto Rico, it can suck the life out of economies. In Septemb

    November 10, 2015 11:00 am JST
  • Foreign currencies

    Dollar hits 13-year high on rate hike outlook

    TOKYO -- As the prospect of a December U.S. rate hike grows following exceptionally strong jobs data, the dollar has reached its strongest in nearly 13 years. A Nikkei index of the greenback's effective rate against 25 key currencies has climbed

    November 10, 2015 03:07 am JST
  • OECD cuts global economic outlook for 2016 amid China slowdown

    TOKYO (Kyodo) -- The Organization for Economic Cooperation and Development on Monday slashed its global economic outlook for 2016, reflecting subdued trade growth amid China's economic slowdown. The OECD now expects the global economy to grow 3.

    November 9, 2015 08:25 pm JST
  • Brazil's economy

    Central bank chief says interest rates will stay high

    BRASILIA -- Brazil's central bank will keep short-term interest rates at the current high level for some time, Gov. Alexandre Tombini told The Nikkei, signaling that controlling inflation takes priority over stimulating a recession-bound economy.

    November 7, 2015 07:10 am JST
  • Pew survey

    Top emitters China, US harbor least climate anxiety

    TOKYO -- China and the U.S. are the world's biggest producers of greenhouse gases, but their citizens are among the least concerned about the effects of climate change, a new Pew Research Center survey shows. While a global median of 54% said th

    November 6, 2015 11:40 am JST
  • Trans-Pacific trade

    Uruguay's president seeks Japan-Mercosur FTA

    TOKYO -- Uruguayan President Tabare Vazquez, whose country will be the next to chair South America's Mercosur common market, told reporters here Thursday that he wants a free trade agreement between Japan and the six-nation bloc. Argentina, Boli

    November 6, 2015 05:41 am JST
  • TPP

    Japan to accept some US auto safety standards

    TOKYO -- Japan will accept U.S. automotive safety standards in several areas and ensure an even playing field for insurance providers selling products through the postal network, documents related to the Trans-Pacific Partnership trade pact released

    November 6, 2015 02:47 am JST