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  • Petrochemical plunge

    After summer highs, prices dive

    TOKYO -- Asian markets have seen prices of basic petrochemicals plunge since summer as supplies rebound and downstream demand softens. Spot prices of ethylene have fallen 20% since summer to between $1,200 and $1,240 per ton. Prices for benzene h

    November 24, 2014 07:00 am JST
  • Economic ties

    India Ex-Im Bank to issue yen bonds for Sri Lankan rail repairs

    TOKYO -- The Export-Import Bank of India will issue 10-year samurai bonds to raise 20 billion yen ($167 million), planning to use the money for a railway repair project in Sri Lanka. The project is part of efforts to strengthen economic ties bet

    November 24, 2014 03:34 am JST
  • China in South Pacific

    Making overtures to island nations in strategic backyard

    BEIJING -- China is offering generous financial support to countries in the South Pacific in hopes of strengthening its economic and military influence and eclipsing the Taiwanese and American presence in the region. President Xi Jinping met Sat

    November 24, 2014 03:08 am JST
  • Slippery commodity

    Crude oil prices may face protracted slump

    TOKYO -- International crude oil prices have continued to tumble since this past summer, with U.S. crude oil futures declining to half the record high of $147 a barrel set in 2008. Lower oil prices will lead to improvements in corporate earnings

    November 23, 2014 01:00 pm JST
  • India urban development

    Delhi Metro and Gujarat smart city ranked as world-class projects

    NEW DELHI -- Delhi Metro, the capital's public transport lifeline, and Gujarat International Finance Tec-City (GIFT), the first smart city in the world's second most populous country, have been included among six major development schemes in India o

    November 22, 2014 06:37 pm JST
  • Asia's ultrarich

    Region's wealthy population seen topping Europe's in 2027

    SINGAPORE -- Asia's population of ultrarich individuals -- people with net assets of at least $30 million -- is expected to exceed that of Europe in 2027, according to a report compiled by research company Wealth-X and investment bank UBS. Growt

    November 20, 2014 07:28 pm JST
  • Karl Kaltenthaler

    Islamic State 'outbidding' al-Qaida in South Asia

    The landscape of violent extremist Islamism is changing in Asia. Al-Qaida, once a growing and potent threat, particularly in Afghanistan and Pakistan, is now a shadow of its former self. In the late 1990s, al-Qaida co-ran Afghanistan with the Ta

    November 20, 2014 12:00 am JST
  • Karl Kaltenthaler: Islamic State 'outbidding' al-Qaida in South Asia

    The landscape of violent extremist Islamism is changing in Asia. Al-Qaida, once a growing and potent threat, particularly in Afghanistan and Pakistan, is now a shadow of its former self. In the late 1990s, al-Qaida co-ran Afghanistan with the Ta

    November 20, 2014 12:00 am JST
  • Islamic State: The new face of terror

    In its quest to acquire manpower and support for its operations in Syria and Iraq, the Islamic State militant group is making deep inroads into Asia -- and achieving a level of success that al-Qaida could only have dreamed of. The growing presence o

    November 20, 2014 12:00 am JST
  • Kamal Alam: Syria offers clues to Islamic State's future in Asia

    One of the more remarkable documents found in the Osama bin Laden compound included a letter to the Islamic State group of Iraq and Syria cautioning Abu Musab al-Zarqawi over his group's extreme violence. The insurgency in Fallujah and Tal Afar

    November 20, 2014 12:00 am JST
  • Gi-Wook Shin: Can Asia emulate Silicon Valley?

    The city of Cupertino, California, is only about 15km from Stanford University, where I teach and live. It is home to the headquarters of Apple, a global leader in the computer and smartphone industries. It is also home to many Indian and Chinese en

    November 20, 2014 12:00 am JST
  • Indian economic outlook

    OECD projects only 5.4% growth without structural reforms

    NEW DELHI - India's economy is expected to grow at only 5.4% this fiscal year but will pick up to 6.6% in 2015-16, according to the Organization for Economic Cooperation and Development (OECD), which said wide-ranging structural reforms are needed i

    November 19, 2014 09:48 pm JST
  • Securities market trends

    India growth prospects draw interest from Japan investors

    TOKYO -- Japanese brokerages are introducing products for retail investors linked to India's stock indexes, rupee-denominated bonds, and India-related investment trusts, betting the subcontinent's continued economic growth. Nomura Securities on

    November 19, 2014 01:00 pm JST
  • Delhi-Mumbai Industrial Corridor

    Japan's Sojitz wins railway contract

    TOKYO -- Japanese trading house Sojitz has received a 50 billion yen ($425 million) order from the Indian government to install power equipment for the Delhi-Mumbai cargo railway system. The project will cover 915km connecting the Haryana state

    November 19, 2014 02:03 am JST
  • The Sanskrit rift

    German no longer part of India's education zeitgeist

    NEW DELHI -- The Indian government's decision to drop German as a third language in state-run central schools has kicked up a row. Kendriya Vidyalayas, or KVs, as the central schools are referred to in India, have been offering German as a third

    November 18, 2014 08:30 pm JST
  • India's economy

    Is the Gujarat model workable for all of India?

    NEW DELHI -- Indian Prime Minister Narendra Modi scored his stunning election victory by promising to resuscitate Asia's third-largest economy. He believes the best way to do that is to replicate the Gujarat model of development -- the one he pursue

    November 17, 2014 07:00 pm JST
  • Statues and criticism

    India's Modi makes a 182-meter-tall political statement

    NEW DELHI -- Indian Prime Minister Narendra Modi is stirring controversy by moving forward with a plan to build the world's tallest statue. Modi, who took office in May, is known for his deep admiration for Vallabhbhai Patel, also known as Sard

    November 16, 2014 07:00 am JST
  • New pro football league tackles cricket-mad India

    NEW DELHI -- Cricket is practically synonymous with sports in India, but it is about to get some competition in the form of the country's first serious professional football league. The Indian Super League, or ISL, has kicked off and is the talk

    November 15, 2014 01:00 pm JST
  • Itochu buys slice of Indian LPG market in tie-up with Aegis

    TOKYO -- Itochu is teaming up with India's Aegis to beef up its logistics network and supply the Indian market with liquefied petroleum gas from the U.S. and other parts of Asia. The Japanese trading house is paying about 600 million yen ($5.12

    November 15, 2014 05:42 am JST
  • Modi's growth ambitions pre-empted by Indian auto industry

    TOKYO -- Automakers in India are spending big in a boon for new Prime Minister Narendra Modi. Their new factories will boost India's economy before the new leader has put in place initiatives to encourage business. Motorcycle and truck makers, r

    November 14, 2014 07:00 pm JST