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  • More developing-world workers joining middle class

    GENEVA -- More than half the workers in developing nations will reach middle-class or higher income levels by 2018, predicts the International Labor Organization. The United Nations agency said in its recently released global employment trends r

    June 12, 2014 04:24 am JST
  • Repressive policies stoke Asean drug problem

    The Association of Southeast East Asian Nations strategy to become "drug free" by 2015 is failing dramatically. In the last decade, opium cultivation has doubled, drug use -- especially of methamphetamines, a powerful synthetic stimulant -- has incr

    June 12, 2014 12:00 am JST
  • Is North Korea working on more compact nuclear weapons?

    TOKYO -- Since April, North Korea has shown signs of preparing for its fourth nuclear test. It is not easy to pick up slight indications of nuclear explosions conducted deep underground, or to press for facts from the regime. Nevertheless, scientist

    June 12, 2014 12:00 am JST
  • Bangladesh striving to develop economy: prime minister

    DHAKA -- Neighborly relations are difficult to maintain in global politics. But Bangladesh will always do its best to be friendly with all, Prime Minister Sheikh Hasina said. In a recent interview with The Nikkei, she stressed that Bangladesh ha

    June 12, 2014 12:00 am JST
  • Passenger car sales up in India after long decline

    MUMBAI -- Indian sales of passenger vehicles climbed 3% on the year to 207,953 units in May, the first positive movement in nine months, as hopes for economic reform under new Prime Minister Narendra Modi started to thaw consumer sentiment. Tota

    June 11, 2014 03:19 am JST
  • Hopes for Modi give Indian stocks continued momentum

    MUMBAI -- Indian stocks have been riding high recently, with the Bombay Stock Exchange Sensex index hitting its record high for the third straight trading day Monday. Expectations for Narendra Modi and his new government have seen the index rise mor

    June 10, 2014 07:00 pm JST
  • China, West eager to get in Modi's good graces

    NEW DELHI -- Despite lingering concerns that he may prove a hard-liner on foreign policy, the world's big powers are in a hurry to make connections with the new Indian prime minister and economic reformer-in-chief. For his part, Narendra Modi se

    June 10, 2014 05:28 am JST
  • Indian consumer goods stocks on the rise

    MUMBAI -- Shares of automobile and other consumer goods companies continue to climb in India, buoyed by investor confidence fueled by the launch of pro-business Prime Minister Narendra Modi's new government. The Indian exchange added to gains Mo

    June 10, 2014 12:20 am JST
  • Clampdown on Chinese officials' spending proves dispiriting for French distillers

    LONDON -- A crackdown in China on spending by government officials appears to have had a ripple effect: a collapse in demand for premium cognac. In announcing its results for the fiscal year through March, French spirits distiller Remy Cointrea

    June 9, 2014 07:00 pm JST
  • State-run companies will put Modinomics to the test

    MUMBAI -- One important touchstone for Indian Prime Minister Narendra Modi's economic policy will be reforms to state-operated businesses, which have an outsize presence but are mostly plagued by inefficiency. Some state-run companies, however,

    June 7, 2014 04:43 am JST
  • Indian domestic demand showing green shoots

    MUMBAI -- Investor hopes are high that the economic reforms proposed by new Prime Minister Narendra Modi will lift domestic spending from its slump and end India's dependence on foreign demand, lifting companies' bottom lines. "Since the general

    June 7, 2014 04:41 am JST
  • Kramer, Jelsma: Repressive policies only stoking Asean's drug problem

    The strategy of Asean's 10 member countries to become "drug free" by 2015 is failing dramatically. In the last decade, opium cultivation in the region has doubled, drug use -- especially of methamphetamines, a powerful synthetic stimulant -- has inc

    June 6, 2014 01:00 pm JST
  • Indian market lifted by hopes for easier foreign investment

    SINGAPORE -- Investors are giving a boost to the shares of Indian insurers and other companies on hopes that Prime Minister Narendra Modi's new government will further open up the nation's markets to capital from abroad. The Indian stock market

    June 6, 2014 12:21 am JST
  • Modi and Rajan: Perfect strangers?

    MUMBAI -- The two men tasked with rejuvenating India's economy were, until a few days ago, strangers to one another. Raghuram Rajan took the helm of the Reserve Bank of India last September, when the nation was gripped by concern about a plummet

    June 5, 2014 07:00 pm JST
  • Growth potential draws major water companies to Asia

    PARIS -- Major European water utilities are going on the offensive in Asian markets, as demand for household and industrial water is expected to surge on the back of economic and population growth. France's Suez Environnment won three large-scal

    June 5, 2014 07:00 pm JST
  • Nidec to build first motor plant in India

    OSAKA -- Nidec announced plans Wednesday for an automobile and appliance motor factory in northern India, its first production facility in that country. The new plant will be built in an industrial park in the state of Rajasthan at a projected c

    June 5, 2014 03:08 am JST
  • India's sheltered online retailers brace for foreign fight

    BANGALORE, India -- India's incoming government faces key decisions on the role of foreign companies in online retail. Until now, international investment in India's online retail sector has been as tightly constrained as investment in its brick

    June 5, 2014 12:00 am JST
  • Rajan on guiding India back to 8% growth: it 'can be done'

    TOKYO -- India's economy continues to stumble along, but the country's superstar central banker is optimistic. In an exclusive interview with The Nikkei, Raghuram Rajan, governor of the Reserve Bank of India, said he expects growth "will start p

    June 5, 2014 12:00 am JST
  • Modi and Rajan: Perfect strangers?

    MUMBAI -- The two men tasked with rejuvenating India's economy were, until a few days ago, strangers to one another. Raghuram Rajan took the helm of the Reserve Bank of India last September, when the nation was gripped by concern about a plummet

    June 5, 2014 12:00 am JST
  • India gives Modi mandate for change

    The Bharatiya Janata Party won a sweeping victory in India's monthlong general election conducted through May. Vote counting on May 16 showed the party received 282 of the 543 contested seats of the lower house of India's parliament, giving it a wor

    June 5, 2014 12:00 am JST