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  • Toray sets sights on auto industry in carbon fiber offensive

    TOKYO -- Toray Industries is planning a major expansion of its carbon fiber business over the next few years, including spending more than 20 billion yen ($176 million) to boost production of automobile components.Inside and outThe Tokyo-based compa

    February 22, 2017 05:45 am JST
  • Global pact to make customs procedures easy, transparent

    TOKYO -- A World Trade Organization pact designed to simplify and standardize customs procedures is expected to enter into force Wednesday, a boost to global trade amid worries of rising protectionism.The Trade Facilitation Agreement, adopted by WTO

    February 22, 2017 05:20 am JST
  • Kirin set to revamp its domestic beer business

    TOKYO -- Kirin Holdings has decided to pull the plug on its money-losing Brazilian beer and soft drink business after six years of battling ferocious competition in the world's third-largest market. The beverage giant is now setting its sights on re

    February 19, 2017 01:00 pm JST
  • Peter Gordon: China's 'silver way' around US trade impediments

    It can, on occasion, seem that no country takes the Shakespearean dictum "what's past is prologue" as much to heart as China, steeped in history. One of the most fertile periods has been that of the ancient Silk Road, now rooted in the popular and p

    February 16, 2017 12:00 pm JST
  • ANA launches service to Mexico City

    TOKYO -- All Nippon Airways on Wednesday began running flights between Narita Airport near Tokyo and Mexico City, targeting business travelers at Japanese companies, particularly automakers.Despite the recent shift toward protectionist policy in the

    February 16, 2017 02:00 am JST
  • Multinationals in bind over 'America First'

    TOKYO -- Forget the Trump rally. Companies all over the world are staring at a daunting set of challenges and uncertainties now that the U.S. has inaugurated an unpredictable president.President Donald Trump, 70, has vowed to pursue an "America Firs

    February 15, 2017 04:00 pm JST
  • Strike, export ban push copper prices to 20-month high

    TOKYO -- International copper prices are surging on widespread concerns over supply shortages as a strike and export ban affect the market.The London Metal Exchange's benchmark price for three-month copper futures briefly topped $6,200 per ton on Mo

    February 14, 2017 04:00 pm JST
  • Kirin to exit Brazil, sell business to Heineken

    TOKYO -- Kirin Holdings has agreed to sell its struggling Brazilian beer and soft drink business to Heineken International for about 77 billion yen ($676 million), the Japanese company said Monday.The Dutch company's local subsidiary Bavaria will ta

    February 14, 2017 05:55 am JST
  • Trump may be boon to Pacific Alliance

    SAO PAULO -- Now that U.S. President Donald Trump has decided to trash the Trans-Pacific Partnership, the four-nation Pacific Alliance is courting TPP as well as non-TPP countries -- including China.Mexico, Chile, Peru and Colombia will hold a minis

    February 10, 2017 06:00 pm JST
  • Missteps in Chile cost Sumitomo duo a bundle

    TOKYO -- Sumitomo Metal Mining and Sumitomo Corp. face write-downs at a Chilean mine for a second straight year despite rising copper prices, feeling the pain from self-inflicted wounds.Sumitomo Metal announced Tuesday a 79.9 billion yen ($714 milli

    February 8, 2017 05:30 am JST
  • An inward-looking US could cause a world of hurt

    TOKYO -- The inauguration of U.S. President Donald Trump and his "America first" policy have rattled a corporate world long accustomed to the globalism once so fervently embraced by the world's biggest economy."Mr. Trump often uses the word 'world.'

    February 7, 2017 01:00 pm JST
  • Mazda, Subaru brace for Trump's trade policies

    TOKYO -- With U.S. President Donald Trump demanding that even Japanese automakers put "America first," Mazda Motor and Subaru maker Fuji Heavy Industries are growing concerned over the potential impact of tariffs and other trade protections that cou

    February 6, 2017 04:00 am JST
  • A US-less TPP leaves China to set Asia's trade rules

    TOKYO The remaining members of the Trans-Pacific Partnership are preparing for life without the U.S. following the country's official withdrawal from the trade deal it once led. Though some members still hope the TPP can be salvaged, others recogniz

    February 2, 2017 12:00 pm JST
  • Turbulence and triumph in Brazil

    The first thing you noticed about Francois Michelin was his height. What you learned by working beside him was that he was also sophisticated, dignified and polite. He was appointed co-owner of the Michelin tire company in 1955 and held that positio

    February 2, 2017 12:00 pm JST
  • The history of my family, the story of me

    My full name is Carlos Ghosn Bichara, after my grandfather Bichara Ghosn. He was born at the base of Mount Lebanon where there were many Maronite Christians and an abundance of centuries-old Lebanon cedars. The Maronite Church is a part of the Roman

    February 2, 2017 12:00 pm JST
  • China-Mexico tie-up to invest $200 mln in Mexican auto plant

    MEXICO CITY (Reuters) -- A Chinese-Mexican tie-up on Wednesday unveiled plans to invest over $200 million in a Mexican car plant in a welcome sign of confidence even as threats from U.S. President Donald Trump have paralyzed investment plans by U.S.

    February 2, 2017 10:10 am JST
  • A US-less TPP leaves China to set Asia's trade rules

    TOKYO -- The remaining members of the Trans-Pacific Partnership are preparing for life without the U.S. following the country's official withdrawal from the trade deal it once led. Though some members still hope the TPP can be salvaged, others recog

    February 1, 2017 09:00 pm JST
  • Peter Gordon

    China can evoke old Latin-American ties to bypass US order

    It can, on occasion, seem that no country takes the Shakespearean dictum "what's past is prologue" as much to heart as China, which has a wealth of history. One of the most fecund historical periods has been that of the ancient "Silk Road," which ha

    February 1, 2017 07:40 pm JST
  • My Personal History

    Carlos Ghosn (27) Something special in Brazil

    The Olympic torch was heavier than I expected, but Rio was as hot as I remembered it. The Olympic Games in Rio de Janeiro were scheduled to commence on Aug. 5, 2016. At just past 11 a.m. on that day, I was running a distance of about 100 meters down

    January 28, 2017 02:30 am JST
  • US-Mexico crisis deepens as Trump aide floats border tax idea

    PHILADELPHIA/MEXICO CITY (Reuters) -- The White House on Thursday floated the idea of imposing a 20 percent tax on goods from Mexico to pay for a wall at the southern U.S. border, sending the peso tumbling and deepening a crisis between the two neig

    January 27, 2017 12:20 pm JST