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  • Kazakh car-making drive wobbles as demand stalls

    ALMATY, Kazakhstan -- An attempt to diversify Kazakhstan's oil-based economy through a big expansion of the car assembly industry is stumbling over problems caused by low energy prices, which have hit economic growth, dried up funding and weakened l

    November 16, 2016 08:50 pm JST
  • Nervous Uzbekistan guns for soccer World Cup place

    ALMATY, Kazakhstan -- When residents of Tashkent, the Uzbek capital, lined the streets in September to register their grief at the passing of long-reigning autocrat Islam Karimov, prominent sportsmen led the way with tributes on state and social med

    November 13, 2016 01:00 pm JST
  • Nigel Gould-Davies

    Li's 'Eurasia' trip signals China's growing reach

    There is powerful symbolism in the eight-day tour by Chinese Premier Li Keqiang of Eastern Europe and Central Asia, encompassing Kyrgyzstan, Kazakhstan, Russia and Latvia. As well as bilateral meetings in each country, Li is also taking part in the

    November 5, 2016 07:00 pm JST
  • Mongolian investment pitch met with skepticism

    HONG KONG -- Not long ago, Mongolia was a darling of global investors, enjoying the highest economic growth in Asia. Now the economy is undergoing restructuring and belt tightening.While negotiations with the International Monetary Fund continue bac

    November 2, 2016 08:10 pm JST
  • Azerbaijan launches investment offensive as cheap oil looms

    ISTANBUL -- The oil-rich former Soviet republic of Azerbaijan is investing heavily abroad, with its sovereign wealth fund and state oil company scrambling to diversify as weak crude prices and ultralow interest rates worldwide put their finances at

    October 30, 2016 07:00 am JST
  • Japanese ramen chain eyes Mongolia, Greece in overseas expansion

    TOYAMA, Japan -- A ramen restaurant chain operator in Japan is going off the beaten path to target markets including Mongolia and Greece, with unique menu tweaks such as use of lamb in Mongolia.Tentakaku, which operates the Menya Iroha ramen restaur

    October 29, 2016 01:00 pm JST
  • US rate-hike prospects banish fears of a strong yen, for now

    TOKYO -- Market players worried about a stronger yen can rest easy for the time being as U.S. economic indicators grow brighter, spurring hopes of an interest-rate hike in that country by the end of the year.The yen weakened to around 105.46 to the

    October 29, 2016 04:49 am JST
  • Airbnb on the Mongolian steppe

    TOV PROVINCE, Mongolia On the vast green Mongolian grasslands, something unexpected is happening: Enterprising nomadic herders have started using Airbnb to reach out to a world beyond their pastures, promoting their humble yurts as accommodations to

    October 20, 2016 12:00 pm JST
  • Mongolian PM on mission to halve budget deficit ratio to 9%

    TOKYO -- Mongolian Prime Minister Jargaltulga Erdenebat aims to slash his government's budget deficit for fiscal 2017 in half, as a percentage of gross domestic product."We will review overall government spending to reduce the ratio of the deficit t

    October 15, 2016 11:45 pm JST
  • Ex-head of Mongolian development bank arrested

    ULAANBAATAR -- A former chief executive of the Development Bank of Mongolia has been arrested Tuesday on suspicion of wrongly channelling money from the country's sovereign debt fund, a spokeswoman from the country's Independent Authority against Co

    October 15, 2016 01:30 am JST
  • Corporate culture, housework block women from the boardroom

    In the West, promoting women to management posts has become commonplace. In France, for example, the law requires that women comprise 40% of company boards. So how does Asia stack up?In a survey conducted by the International Labor Organization cove

    October 13, 2016 12:00 pm JST
  • Rainer Michael Preiss: What the IMF's return means for Mongolia

    The story of Mongolia's relationship with the International Monetary Fund is a tale of geopolitics, local greed, mismanagement and uneasy ties with Chinese and Western investors. The return of the IMF to Ulaanbaatar is a harsh wake-up call for Mongo

    October 13, 2016 12:00 pm JST
  • Rainer Michael Preiss

    What the IMF's return means for Mongolia

    The story of Mongolia's relationship with the International Monetary Fund is a tale of geopolitics, local greed, mismanagement and uneasy ties with Chinese and Western investors. The return of the IMF to Ulaanbaatar is a harsh wake-up call for Mongo

    October 12, 2016 08:30 pm JST
  • Raj Kumar Sharma

    Winds of change in South Asia as Russia draws closer to Pakistan

    Foreign policy realignments are taking place in South Asia as new geopolitical considerations are pushing Pakistan and India toward the major powers that were their rivals during the Cold War. India had a close relationship with the erstwhile Soviet

    October 11, 2016 07:00 pm JST
  • Rulers tighten their grips on resource-rich ex-Soviet nations

    ISTANBUL -- Leaders of former Soviet-bloc nations near the Caspian Sea are tightening their grip on power as well as the wealth generated through rich resource reserves, paving the way for lifelong rule and for their children to eventually take over

    October 8, 2016 06:05 am JST
  • Russia may boost oil output despite OPEC accord

    TOKYO -- Russia, a leading oil producer, may boost output even after OPEC unexpectedly reached an agreement to reduce production at its meeting in Algeria on Sept. 28.Russian Energy Minister Alexander Novak, who canceled his scheduled appearance at

    October 6, 2016 05:00 pm JST
  • Fragile Kazakhstan struggles for economic growth

    ASTANA -- Kazakhstan's glitzy capital yields few clues that the country is flirting with recession.The Ritz-Carlton group is set to open a luxurious hotel here this year, as will St. Regis in March 2017, and the Abu Dhabi Plaza is under construction

    October 5, 2016 12:40 pm JST
  • Mongolian herders turn to Soviet past to adapt to climate change

    IKH TAMIR, Mongolia -- There is a strong whiff of nostalgia for the old Soviet era among nomadic herders who -- long after Mongolia rejected its communist status in the early 1990s -- are adjusting to an increasingly threatened way of life on the va

    September 30, 2016 05:30 pm JST
  • 5th season of Afghan pro soccer brings hope to troubled nation

    KUALA LUMPUR August is a busy month for domestic soccer around the world. The English Premier League, Spain's La Liga and Germany's Bundesliga all kicked off their new seasons in the second half of the month. And so did the Afghan Premier League.De

    September 29, 2016 12:00 pm JST
  • ADB sees Asian growth but warns of downside risks ahead

    HONG KONG - Despite its forecast of a 5.7% economic growth for Asia, the Asian Development Bank warned of downside risks in its latest report.ADB highlighted several perils that could derail economic development across the region in a report publish

    September 28, 2016 10:35 pm JST