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  • Turkish auto exports expected to hit record high in 2017

    ISTANBUL -- Turkish auto exports are on course to hit record levels this year, with the figures for the first six months rising 29% from the same period last year to some 710,000 units, including trucks and buses, according to data by the Turkish Au

    August 14, 2017 03:34 pm JST
  • Malaysia Airports 2Q net profit jumps seven-fold

    KUALA LUMPUR (Nikkei Markets) -- Malaysia Airports Holdings said Monday its net profit for the second quarter surged more than seven-folds on year largely due to lower amortization and depreciation charges and strong domestic operations.Net profit f

    July 31, 2017 07:15 pm JST
  • Turkey pays heavy price for Erdogan's authoritarian touch

    ISTANBUL -- One year since the attempted military coup that shook Turkey, the country is still suffering economic consequences from the subsequent crackdown by President Recep Tayyip Erdogan and deteriorating ties with Europe.Auto parts maker Birinc

    July 15, 2017 05:38 am JST
  • Japanese firms exporting to Africa via Turkey

    ISTANBUL -- Japanese corporations like electronics titan Panasonic and steelmaker Toyo Kohan are leveraging their presence in Turkey to make inroads into Africa, supplying products to the continent from their low-cost manufacturing bases here and ot

    July 9, 2017 11:00 am JST
  • Stylish Muslim shoppers give clothiers way into Southeast Asia

    SINGAPORE/ISTANBUL/KUALA LUMPUR -- Clothing companies from the Middle East and elsewhere have begun catering to Southeast Asia's sizable Muslim population with affordable and fashionable takes on traditional garments, betting on rapidly rising deman

    July 8, 2017 05:05 am JST
  • Japan, India agree to deepen security cooperation with US

    HAMBURG (Kyodo) -- Prime Minister Shinzo Abe and his Indian counterpart Narendra Modi agreed Friday to expand trilateral defense cooperation with the United States.In talks on the sidelines of the Group of 20 Summit in Hamburg, Germany, Abe also exp

    July 8, 2017 04:12 am JST
  • Turkey's foreign minister highlights a shift toward Asia

    TOKYO Despite the fact that 95% of Turkey's territory is in Asia, the country has traditionally looked to Europe as its political and economic lodestar. In 1987, it applied to join what was then the European Economic Community. Ten years later it wa

    June 29, 2017 10:00 am JST
  • Turkish appliance makers look east

    ISTANBUL -- Turkish appliance maker Arcelik is investing more in Asia, where China's Belt and Road Initiative is expected to create swaths of economic growth.China envisions the massive initiative as a modern-day Silk Road -- a series of ports, powe

    June 27, 2017 07:00 pm JST
  • Turkey willing to mediate Gulf dispute

    TOKYO -- Turkey is willing to play a mediating role in the diplomatic crisis between Qatar and some of its Gulf neighbors, its foreign minister said.In an interview with the Nikkei Asian Review on Thursday, Mevlut Cavusoglu also criticized the Gulf

    June 23, 2017 09:32 am JST
  • Brendan Sobie

    Mongolia must open up to avoid aviation embarrassment

    Mongolia is to get a new international airport next year. The $580 million project, overseen by the Japan International Cooperation Agency, is a large investment for a country of only 3.1 million people and a gross domestic product of just $12 billi

    June 18, 2017 12:00 pm JST
  • UN launches second round of nuclear ban talks

    UNITED NATIONS -- Delegates from more than 80 countries kicked off a second and possibly final round of negotiations Thursday on an international treaty to ban nuclear weapons, seeking to adopt a final text by the July 7 end of the conference."As we

    June 16, 2017 05:30 am JST
  • Marubeni to enter Europe's clothing market via Turkey

    TOKYO -- Japanese trading house Marubeni will invest in Turkish clothing company Saide Textile, seeking to supply products to fast-fashion retailers and others throughout Europe.Marubeni is expected to spend 7 billion yen to 10 billion yen ($63 mill

    June 14, 2017 02:35 am JST
  • World Bank says trade, manufacturing to boost 2017 global growth

    WASHINGTON (Reuters) -- The World Bank on Sunday maintained its forecast that global growth will improve to 2.7 percent this year, citing a pickup in manufacturing and trade, improved market confidence and a recovery in commodity prices.The update o

    June 5, 2017 09:10 am JST
  • Turkey's sluggish economy tests a newly empowered Erdogan

    ISTANBUL Politically, Turkish President Recep Tayyip Erdogan is on a roll. Yet, he is presiding over an economy that is struggling to regain traction, and his recent trip to Beijing for the Belt and Road Forum did little to change that.Erdogan has

    June 1, 2017 11:59 pm JST
  • Turkey's sluggish economy tests a newly empowered Erdogan

    ISTANBUL Politically, Turkish President Recep Tayyip Erdogan is on a roll. Yet, he is presiding over an economy that is struggling to regain traction, and his recent trip to Beijing for the Belt and Road Forum did little to change that.Erdogan has s

    June 1, 2017 10:00 am JST
  • Turkey's Arcelik eyes Asian sales of $1.5bn in 5 years: CEO

    ISTANBUL -- Turkish appliance giant Arcelik aims to grow Asian sales to $1.5 billion within five years, CEO Hakan Bulgurlu told The Nikkei in a recent interview, noting how the global economy's center of gravity is moving eastward.A core part of the

    May 30, 2017 07:00 am JST
  • Russia eases Turkey sanctions but won't budge on tomatoes

    ISTANBUL -- Russia has lifted some of its economic sanctions against Turkey, but it refuses to budge in one area: tomatoes.The sanctions began after Turkey downed a Russian warplane on the Turkish-Syrian border in November 2015.Russian President Vla

    May 28, 2017 11:00 am JST
  • Turkey's educational Islamization bodes poorly for growth

    ISTANBUL -- Some 100 parents gathered on April 18 amid heavy rain in front of a public lower secondary school in Kartal, a district on the eastern side of Istanbul, and chanted slogans like "Don't touch our school" and "We cannot be silent, we must

    May 10, 2017 01:00 pm JST
  • Weak economy could prove fatal to Erdogan administration

    ISTANBUL -- Turkey's constitutional revision expanding President Recep Tayyip Erdogan's authority was approved in the April 16 referendum, enabling Erdogan to stay in power until 2029. The Erdogan administration is strengthening its base by clamping

    April 28, 2017 12:00 pm JST
  • Sreeram Chaulia

    Turkey haunted by ghosts of the past

    A narrow victory margin of only 2 percentage points in Turkey's referendum to approve sweeping constitutional changes has set the stage for President Recep Tayyip Erdogan to anoint himself as a modern-day sultan with untrammeled authority. Following

    April 18, 2017 12:35 am JST