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  • Roadblock in Malaysia?

    Ministers meet for a final TPP push

    Lahaina, HAWAII -- Ministerial-level talks began here Tuesday that could end with 12 nations concluding an agreement that would make it easier for corporations and investors to ship products, conduct business and buy assets across borders. Even if t

    July 29, 2015 05:50 pm JST
  • George Magnus

    TPP can help but not transform Asia's trade funk

    It has become almost an annual ritual for the International Monetary Fund to lower its projections for economic growth in emerging countries, including those in Asia, still the most dynamic part of the emerging universe. A key factor in recent downg

    July 29, 2015 11:45 am JST
  • Adieu, America

    Mitsubishi looks for allies as it shifts focus to SE Asia

    TOKYO -- Mitsubishi Motors will shutter its plant in the U.S. state of Illinois, making it the first major Japanese automaker to end production in both the U.S. and Europe. The automaker withdrew from production in Australia in 2008 and in Europ

    July 28, 2015 02:00 pm JST
  • U.S. upgrades Malaysia, Cuba in trafficking report

    WASHINGTON (Reuters) -- The United States upgraded Malaysia in an annual report on human trafficking on Monday despite calls by human rights groups and nearly 180 U.S. lawmakers to keep the Southeast Asian country on a list of worst offenders in fai

    July 27, 2015 10:20 pm JST
  • WTO negotiators agree to expand tariff-free technology product list

    GENEVA (Kyodo) -- Negotiators from countries and territories participating in World Trade Organization talks to remove tariffs on information technology products agreed Friday to expand the list of products covered, negotiation sources said. The

    July 24, 2015 11:55 pm JST
  • WTO members seal trillion-dollar IT trade deal

    WASHINGTON (Reuters) -- World Trade Organization (WTO) members finalized a deal on Friday to cut tariffs on $1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment. The

    July 24, 2015 01:12 pm JST
  • Hot, dry and desperate

    El Nino should have faded out in spring, but it now looks like the world's most formidable "little boy" will hang around his Pacific playground through autumn. The weather phenomenon is causing deadly heat waves in South Asia, while Southeast As

    July 23, 2015 12:00 am JST
  • Brahma Chellaney: Water (problems), water (problems) everywhere

    The centrality of water is a recurring theme in various religions. The Bible -- largely written amid water scarcity -- associates drought with the wrath of God. "By means of water," says the Quran, "we give life to everything." Hindu gods and goddes

    July 23, 2015 12:00 am JST
  • OECD, G-20 rules

    Faster resolution eyed for double-taxation disputes

    TOKYO -- Disputes over cross-border double taxation can take a decade to resolve, putting a heavy burden on multinational corporations, but this would be shortened to around two years under new rules being crafted by the OECD and the Group of 20 maj

    July 22, 2015 02:00 am JST
  • 'BRICS' bank launches in Shanghai, to work with AIIB

    SHANGHAI (Reuters) -- Officials from the world's largest emerging nations launched the New Development Bank (NDB) on Tuesday, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institution

    July 21, 2015 08:25 pm JST
  • Outpacing developed nations

    BRICS have G-7 in sights after 7.5% GDP growth

    TOKYO -- The BRICS' combined economic strength is closing in on that of developed countries, with gross domestic product at purchasing power parity jumping 7.5% in 2014 to $33.1 trillion on the backs of India and China. GDP for the Group of Seve

    July 20, 2015 09:56 pm JST
  • New chapter

    US, Cuba restore full diplomatic ties

    WASHINGTON (Reuters) -- The U.S. and Cuba quietly ushered in a new era of post-Cold War relations on Monday, formally restoring diplomatic ties severed more than five decades ago and re-establishing embassies in each other's capitals. Just past

    July 20, 2015 01:15 pm JST
  • Bad omens

    Global market turbulence is a wake-up call

    TOKYO -- "I can't sell my stocks even if I want to, damn it!" Liu Guang Kun, a 60-year-old man, cut a desperate figure as he ranted July 10 at a brokerage in China's northeastern city of Dalian, Liaoning Province. Trading in the stocks Liu h

    July 19, 2015 09:30 pm JST
  • Keith B. Richburg

    US allies in Asia should welcome the Iran deal

    Most Asian countries were surely relieved at news of the landmark July 14 deal between Iran and a U.S.-led six-nation coalition after months of often acrimonious negotiations to halt Tehran's nuclear development program. For many countries, Western

    July 17, 2015 03:00 pm JST
  • Global auto sales

    US revs up as China stalls

    NEW YORK -- The U.S. is enjoying brisk demand for automobiles, especially on the high end, even as other markets lack momentum. In China, sales rose just 1.4% on the year to 11.85 million units in the January-June half. They had shot up 6.9% in

    July 17, 2015 12:22 am JST
  • Finance-oriented startups set to rattle old-fashioned banking

    TOKYO -- Startups providing financial services via the Internet have achieved strong growth in the U.S. and around the world in recent years. Many believe this emerging industry, recently referred to as fintech, will go on to become a major provider

    July 16, 2015 12:00 am JST
  • Storm clouds on the economic horizon

    Uncertainty has engulfed the global financial markets. After stocks plunged in Shanghai and Shenzhen, Chinese authorities are taking drastic -- some say ill-advised -- measures to reinflate prices. The eurozone remains exposed to grave risks st

    July 16, 2015 12:00 am JST
  • Little to cheer in the global economy

    TOKYO -- "I can't sell my stocks even if I want to, damn it!" Liu Guang Kun, a 60-year-old man, cut a desperate figure as he ranted July 10 at a brokerage in China's northeastern city of Dalian, Liaoning Province. Trading in the stocks Liu h

    July 16, 2015 12:00 am JST
  • GIC

    Sovereign wealth fund expands Brazilian portfolio

    SINGAPORE -- Sovereign wealth fund GIC said Tuesday it will acquire a 35% stake in a shopping mall in Brazil for $41.89 million. GIC will buy the stake from Aliansce Shopping Centers, a Brazilian mall developer with the second-largest number of

    July 15, 2015 06:21 pm JST
  • Facing largest-ever payouts

    Japan's insurance agency to suspend coverage of Venezuela trade

    TOKYO -- The government-owned Nippon Export and Investment Insurance will suspend underwriting new trade insurance policies covering Venezuela as it faces massive payouts to compensate Japanese trading houses that export automobiles to the South Ame

    July 11, 2015 02:00 am JST