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  • K.C. Fung

    Finding an upside for Latin America in China's slowdown

    The economic relationship between China and Latin America has deepened and intensified over the last decade. While China's economic slowdown is now causing pain in Latin America, the region could yet turn this into a development opportunity. Bet

    April 22, 2015 07:00 pm JST
  • Back to expansion mode

    Toyota says new plants will be built in Mexico, China

    MEXICO CITY -- Toyota Motor will build vehicle assembly plants in Mexico and China, shifting back to production expansion from a streamlining strategy implemented in the wake of the financial crisis. The Japanese automaker announced the move Wed

    April 16, 2015 03:30 am JST
  • Lower fish meal prices?

    Peru lifts ban on anchovy fishing

    TOKYO -- Anchovy fishing will return to Peru after a one-season hiatus. The Peruvian government banned fishing off the northern-central coast for the November-January season, citing a dearth of adult anchovies. This season, a four-month peri

    April 16, 2015 02:55 am JST
  • Desert exposure

    Marubeni steps into solar power project in Chile

    TOKYO -- Japanese trading house Marubeni will join French utility EDF in building Chile's biggest large-scale solar power installation, which will supply electricity to an important mining region. Marubeni becomes the first Japanese company to u

    April 14, 2015 05:12 am JST
  • U.S. and Cuba

    Facing Cold War 2.0, Obama tries to engage with adversary

    WASHINGTON -- In July 1956, Cuban President Fulgencio Batista pleaded with U.S. counterpart Dwight Eisenhower to expand American trade and investment. For a Latin American nation reliant on sugar for 90% of its exports, economic development was an u

    April 13, 2015 03:00 am JST
  • Obama meets Raul Castro in highest-level U.S.-Cuba talks in decades

    PANAMA CITY (Reuters) -- U.S. President Barack Obama met Cuban President Raul Castro on Saturday in the highest-level talks between the two countries in nearly 60 years, and the two men agreed to push ahead on improving relations after decades of ho

    April 12, 2015 11:45 am JST
  • Obama pushes Latin America on rights as he courts Cuba

    PANAMA CITY (Reuters) -- President Barack Obama challenged Latin American leaders on Saturday to improve human rights and democracy even as he works to end decades of hostility between the United States and communist-run Cuba. Obama has won prai

    April 12, 2015 02:57 am JST
  • Obama, Castro shake hands as US, Cuba seek better ties

    PANAMA CITY (Reuters) -- U.S. President Barack Obama and Cuban President Raul Castro shook hands on Friday at a summit in Panama, a symbolically charged gesture as the pair seek to restore ties between the Cold War foes. A photograph showed Obam

    April 11, 2015 12:19 pm JST
  • Grain prices

    High stockpiles send soybeans, corn lower

    TOKYO -- International grain prices remain weak due to rising inventories and prospects for further easing of supply-demand conditions. The Chicago futures price for soybeans -- the international bellwether -- stood at around $9.50 a bushel in a

    April 11, 2015 03:14 am JST
  • Obama, Castro discuss ties, to meet at summit as detente takes hold

    PANAMA CITY (Reuters) -- U.S. President Barack Obama and Cuban President Raul Castro have talked by telephone about restoring diplomatic ties and will meet informally at a summit this weekend as they seek to set aside decades of hostility between tw

    April 11, 2015 01:03 am JST
  • Carlos Ghosn interview

    Electric cars still 'technology of the future'

    TOKYO -- The Renault-Nissan alliance is by no means small, but it is pitting itself against the world's biggest automakers: Toyota Motor, Volkswagen and General Motors. Success, according to CEO Carlos Ghosn, will require the French and Japanese par

    April 9, 2015 01:30 pm JST
  • China's military footprint

    Argentina turns to China for arms supply

    BUENOS AIRES -- Argentina, under siege by Western creditors and short on foreign currency, has turned to China for help modernizing its decrepit defense systems, as part of its strengthening ties with the Asian power. Chinese President Xi Jinpin

    April 9, 2015 01:00 pm JST
  • Burgeoning South America

    Nippon Signal tapped for rail project in Argentina

    TOKYO -- Nippon Signal has won its first order from Argentina in three decades, installing a railway signaling system for a suburban commuter line in Buenos Aires. The order for the Roca Line, operated by a state-owned railroad company, came fro

    April 9, 2015 04:05 am JST
  • Ghosn not giving up on electric car dream

    TOKYO -- The Renault-Nissan alliance is by no means small, but it is pitting itself against the world's biggest automakers: Toyota Motor, Volkswagen and General Motors. Success, according to CEO Carlos Ghosn, will require the French and Japanese par

    April 9, 2015 12:00 am JST
  • New plants to lift Toyota capacity to 11 million cars

    NAGOYA -- Toyota Motor is planning new factories in China and Mexico, ending a freeze on plant construction to better compete against Volkswagen and other global rivals. Toyota will invest about 150 billion yen ($1.25 billion) in the plants, ope

    April 9, 2015 12:00 am JST
  • Unrest at Usiminas

    Nippon Steel fights for control of Brazil affiliate

    TOKYO -- The standoff over boardroom appointments at Usinas Siderurgicas de Minas Gerais has been resolved, but the ongoing fight for control of the Brazilian steelmaker spells trouble for main stakeholder Nippon Steel & Sumitomo Metal. Usiminas

    April 8, 2015 07:00 pm JST
  • Disaster remembrance and rebuilding

    Banda Aceh mayor tells Tohoku to preserve ruins

    SENDAI, Japan -- Sendai, one of the cities pummeled by the earthquake and tsunami that ravaged northeastern Japan four years ago, should preserve the scarred reminders of the disaster and use them as tourism sites to revitalize the regional economy,

    April 7, 2015 07:00 pm JST
  • Bolstering military sales

    Embraer pushing new transport aircraft outside Brazil

    SAO PAULO -- Embraer plans to strengthen its military division by expanding sales of midsize transport planes to the Middle East, Africa and Asia. The Brazilian aerospace company aims to capture demand in regions preparing for the rise of the Is

    April 7, 2015 02:41 am JST
  • Emerging nations

    Commodities sag as producers' currencies weaken

    TOKYO -- Prices for commodities produced by emerging nations are declining, as many market watchers predict export volume will increase, with producers, such as Brazil and South Africa, seeing their currencies weaken against the dollar. This wil

    April 3, 2015 07:00 pm JST
  • Borrowed design

    Toyota revs up youth-oriented Scion brand with Mazda's help

    NEW YORK -- Toyota Motor is adjusting its strategy in the U.S. market in a bid to shed its practical-but-boring image among young consumers, using competitor Mazda as its trump card to revive the flagging Scion brand. "We're really excited to be

    April 2, 2015 04:26 am JST