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  • Heavy snow in US strains Japan's corn feed supply

    TOKYO -- Japanese animal feed makers are struggling to obtain corn, a key ingredient for their products, after heavy snow in the Western U.S. stalled shipments.Japan imports 10 million tons of corn feed a year, and around 70% comes from the U.S. Bet

    March 8, 2017 03:30 am JST
  • Bulk carrier shipping rates climb

    TOKYO -- The Baltic Dry Index, which indicates the overall condition of the bulk carrier market, has surged in recent weeks thanks to a rise in bulk carrier rates on routes to China since the Lunar New Year.Rates, which dipped in the lead-up to the

    March 4, 2017 03:20 am JST
  • Traders help small producers beef up Japanese-food exports

    TOKYO -- Japanese trading houses and food wholesalers are bolstering efforts to cash in on the growing appetite for the country's cuisine worldwide, aiding smaller food processors that lack expertise in international business.General trader Kanemats

    March 1, 2017 05:00 am JST
  • ICTSI pulls out of Oregon amid labor woes

    MANILA -- International Container Terminal Services on Tuesday said it will pull out of the U.S. state of Oregon by the end of March, seven years after securing its first deal in the U.S., which was dogged by labor strikes.In a stock exchange filing

    February 28, 2017 08:10 pm JST
  • 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
  • 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