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  • Nikkei Asia300 Index falls as worries over US trade policies intensify

    MUMBAI (NewsRise) -- Asian stocks outside of Japan declined Wednesday as resignation of a top White House economic aide heightened worries over U.S. trade policies.The Nikkei Asia300 Index declined 0.6% to 1,425.02. Taiwan-listed China Steel and Sou

    March 7, 2018 08:23 pm JST
  • After PNB fraud, India grabs at straws to reform state banks

    NEW DELHI -- The crisis in India's state-owned banking sector is in sharp focus after the government recently approved a bill allowing the seizure of assets owned by "fugitive economic offenders" following the revelation of a $2 billion fraud at Pun

    March 7, 2018 03:25 pm JST
  • Air India route gets Saudi overflight okay, Israeli PM says

    NEW DELHI -- State-run flag carrier Air India has been granted permission by Saudi Arabia to fly over its soil on a new route between New Delhi and Tel Aviv, according to Israeli Prime Minister Benjamin Netanyahu.Netanyahu made the announcement duri

    March 6, 2018 11:24 pm JST
  • Indian tax officials raid properties linked to wealthy Gupta family

    NEW DELHI (Reuters) -- Indian tax inspectors raided on Tuesday premises of the Gupta family at the centre of a corruption scandal involving South Africa's former president, Jacob Zuma, on suspicion they were bringing money into their native country,

    March 6, 2018 10:24 pm JST
  • India shares fall for 5th day as banks witness selloff

    MUMBAI (NewsRise) -- Indian shares fell for the fifth straight day, as extended weakness in lenders wiped out earlier gains triggered by a rebound in regional markets.The BSE Sensex declined 1.3% to 33,317.20 and the Nifty 50 Index fell 1.1% to 10,2

    March 6, 2018 09:15 pm JST
  • Nikkei Asia300 Index rebounds as energy companies advance

    MUMBAI (NewsRise) -- Asian stocks outside of Japan recovered Tuesday, buoyed by gains in energy companies, as President Donald Trump's tariff proposals were opposed by a top Republican lawmaker.The Nikkei Asia300 Index advanced 1.4% to 1,433.90, reb

    March 6, 2018 09:03 pm JST
  • India shares slump as global trade war worries eclipse BJP's election win

    MUMBAI (NewsRise) -- Indian shares tumbled Monday as fears of trade wars following U.S. President Donald Trump's proposed tariffs on metal imports overshadowed ruling Bharatiya Janata Party's state-election victories.The BSE Sensex dropped 0.9% to 3

    March 6, 2018 12:20 am JST
  • Nikkei Asia300 Index falls more as Trump remarks ignite global trade war fears

    MUMBAI (NewsRise) -- Asian stocks outside of Japan extended losses as President Donald Trump continued with his rhetoric on protecting U.S. industries, further stoking concerns of trade wars with major trading partners.The Nikkei Asia300 Index decli

    March 5, 2018 08:36 pm JST
  • Sumitomo to enter India's burgeoning housing market

    TOKYO/NEW DELHI -- Japan's Sumitomo Corp. will build and sell condominiums in India, applying construction and design techniques honed in Japan to meet demand for modern housing from India's rising middle class.The trading house will take part in th

    March 5, 2018 01:30 pm JST
  • Interview

    Shipping volume has recovered but prices lag behind: Mitsui OSK chief

    TOKYO -- The maritime shipping industry is gradually emerging from a period of struggle. Junichiro Ikeda, president of Mitsui O.S.K. Lines, recently spoke to Nikkei about the challenges and opportunities in the industry, and how the Japanese shipper

    March 5, 2018 11:30 am JST
  • Nikkei Inc. and the Financial Times Group announce launch of scoutAsia

    TOKYO -- Nikkei Inc. and the Financial Times Group announced on Monday the launch of scoutAsia, a new corporate data and news service that uses AI technology to connect company information to relevant news.By subscribing to scoutAsia, clients receiv

    March 5, 2018 10:30 am JST
  • RCEP a step closer to finalization

    SINGAPORE -- Japan, China, India as well as 13 other countries and territories on Saturday agreed to try to work out differences as soon as possible regarding a regional economic partnership.Participants at a ministerial meeting here agreed to focus

    March 4, 2018 02:08 am JST
  • India and Vietnam vow to work toward open Indo-Pacific

    NEW DELHI -- India and Vietnam on Saturday pledged to jointly work for an "independent, open and prosperous" Indo-Pacific region.In using these words, Indian Prime Minister Narendra Modi and Vietnamese President Tran Dai Quang were sending a message

    March 3, 2018 11:02 pm JST
  • Abe charms old friends amid Beijing's growing influence

    TOKYO -- With Washington playing a diminishing role on the world stage, Japanese Prime Minister has had to step up his efforts on the diplomatic front, driven largely by anxiety over the increasing prominence of Beijing.Australia, India and the U.K.

    March 3, 2018 09:18 pm JST
  • Nippon Steel piggybacks on ArcelorMittal's bid for India's Essar

    TOKYO -- Nippon Steel & Sumitomo Metal has struck a fresh partnership deal with ArcelorMittal, with an eye toward jointly acquiring India's Essar Steel and bolstering its business in the world's third-largest and still-growing market.ArcelorMittal s

    March 3, 2018 07:52 am JST
  • 'Trade wars are good,' Trump says, defying global concern over tariffs

    WASHINGTON (Reuters) -- U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on imports of steel and aluminum triggered threats of retaliation from trading partners a

    March 3, 2018 05:42 am JST
  • Nippon Steel and ArcelorMittal to acquire India's Essar

    TOKYO -- Nippon Steel & Sumitomo Metal and ArcelorMittal will jointly acquire India's fourth-largest steelmaker, Essar Steel, the two companies said on Friday, a move aimed at improving their position in India's rapidly growing market.Tokyo-based Ni

    March 2, 2018 07:05 pm JST
  • New claims of North Korean fuel smuggling hit Maldives

    NEW DELHI -- The Maldivian opposition said Thursday that a vessel suspected of helping North Korea dodge international sanctions is registered in the Maldives and has links to the family of President Abdulla Yameen, who has denied involvement by the

    March 2, 2018 05:18 am JST
  • India raises import tax on palm oil to highest in a decade

    MUMBAI (Reuters) -- India has raised import tax on crude and refined palm oil to the highest level in more than a decade, the government said in a statement on Thursday, as the world's biggest edible oil importer tried to support local farmers.The d

    March 2, 2018 04:58 am JST
  • India and Vietnam to strengthen defense ties against assertive China

    NEW DELHI -- Defense and maritime security cooperation are expected to top the agenda during Vietnamese President Tran Dai Quang's three-day visit to India this week, as both countries strengthen their partnership to ward off China's growing influen

    March 1, 2018 09:34 pm JST