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  • Japanese multinationals running in marathon tax disputes

    TOKYO -- Japanese multinationals embroiled in tax disputes on profits ostensibly earned by overseas group companies have seen their cases go on for years. Resolution often requires discussions between Japanese and foreign tax authorities, and these

    October 31, 2014 07:00 pm JST
  • Baidu having trouble getting in the groove outside China

    BEIJING -- Chinese Internet search giant Baidu has been generating more profits from smartphones as it scrambles to rely less on personal computers, but the company continues to struggle overseas. Baidu's net profit for the July-September quarte

    October 31, 2014 03:42 am JST
  • Brahma Chellaney: A broken international system?

    Three upcoming summits -- the Asia-Pacific Economic Cooperation meeting in Beijing, the annual East Asia Summit in Naypyitaw, Myanmar, and the G-20 summit in Brisbane, Australia -- will bring together a host of world leaders, including U.S. Presiden

    October 30, 2014 06:00 pm JST
  • Currencies of emerging economies face uncertain future

    Speculators are becoming cautious about buying high-yield, emerging-market currencies as the U.S. prepares to end its quantitative easing program. Buying of these currencies, which had been popular among individual investors in the rich world, a

    October 30, 2014 12:00 am JST
  • 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 the combined gross domestic product of the seven biggest e

    October 30, 2014 12:00 am JST
  • Benn Steil: How the Fed roils emerging markets

    In April 2013, Ukraine was carrying a massive current-account deficit of 8%, and was desperate for dollars to pay for vital imports. Yet on April 10, then-President Viktor Yanukovych's government rejected terms set by the International Monetary Fund

    October 28, 2014 07:00 pm JST
  • TPP ministers left with hurdles before clinching a deal

    SYDNEY (Kyodo) -- Ministers from 12 countries engaged in a Pacific Rim free trade initiative said their talks advanced during a three-day meeting that wrapped up Monday in Sydney, but some contentious issues remain to be resolved before clinching a

    October 27, 2014 11:30 am JST
  • Oil exporters hit by falling crude prices, supply issues

    DUBAI -- Falling crude oil prices are threatening oil-reliant economies around the world, as the benchmark North Sea Brent price hovers at its lowest level in about four years. Crude oil prices have already fallen below fiscal break-even points for

    October 24, 2014 07:00 pm JST
  • Petrobras in hot water

    SAO PAULO -- Brazilian state-owned oil company Petroleo Brasileiro, known as Petrobras, is struggling amid declining production and a debilitating corruption scandal allegedly involving a bevy of politicians. With the South American country's pr

    October 24, 2014 01:00 pm JST
  • 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