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  • Vandana Hari

    Crude prices in limbo; ball back in OPEC's court

    More than seven months into a historic effort by OPEC and some non-OPEC oil exporters to rein in production, the market finds itself in no-man's land.Benchmark crude prices have been locked in a tight band around $45-50 per barrel in recent weeks, n

    August 21, 2017 03:00 pm JST
  • Iraq starts offensive to take back Tal Afar from Islamic State

    ERBIL, Iraq (Reuters) --Iraqi security forces launched on Sunday an offensive to take back the city of Tal Afar, their next objective in the U.S.-backed campaign to defeat Islamic State militants, Prime Minister Haider al-Abadi said."You either surr

    August 20, 2017 10:36 am JST
  • Can Western oil giants break the Gulf impasse?

    TOKYO -- One after another, the top executives of Western oil majors have been stepping into the great Persian Gulf rift.It has been more than two months since Saudi Arabia and other Arab states severed diplomatic ties with Qatar, and there are no s

    August 17, 2017 10:30 am JST
  • Japan Market Pulse

    Tokyo stocks getting little love from oil-rich nations

    TOKYO -- The Japanese stock market has been stuck in slow motion of late, apparently failing to garner much interest from overseas investors such as sovereign wealth funds of oil-producing countries.The benchmark Nikkei Stock Average edged down 0.12

    August 17, 2017 04:29 am JST
  • LG graces Dubai mall with planet's biggest OLED screen

    SEOUL -- South Korea's LG Electronics has set up a huge OLED signboard the size of four volleyball courts combined at a highly popular shopping mall in the United Arab Emirates.The world's largest OLED screen, measuring roughly 700 sq. meters, was c

    August 15, 2017 07:00 am JST
  • Riyadh playing strongman threatens dream of 'Middle East NATO'

    TOKYO -- Saudi Arabia seeks to lead a NATO-style security alliance in the Middle East to combat extremist groups like the Islamic State, an idea supported by U.S. President Donald Trump. But many fear that this effort to stabilize the region may ins

    August 10, 2017 12:49 pm JST
  • Japan offers Iraq helping hand as terrorism fight rages on

    TOKYO -- Japan has pledged more support for Iraq, including a loan to fix a power plant and assistance with recovering weapons from territory reclaimed from the Islamic State group, aiming to help bring stability to the embattled country.Kentaro Son

    August 10, 2017 12:09 am JST
  • Saudi Arabia maintains share of Japan's oil imports

    TOKYO -- Saudi Arabia accounted for 40% of Japan's crude oil imports in the first half of 2017, unchanged from the share it enjoyed before OPEC agreed to cut oil production.One of the world's top oil-producing countries, the OPEC leader seems intent

    August 1, 2017 09:43 am 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
  • China boom sparks heavy machinery comeback

    TOKYO -- After a rough ride over the past couple of years, heavy machinery makers across the world are enjoying a comeback thanks to a rush of infrastructure projects in China.But there are questions over just how sustainable the latest boom will pr

    July 28, 2017 06:50 pm JST
  • Asia turns to Israel's tech warriors for cyberprotection

    JERUSALEM -- With three years left in the countdown to the Tokyo Olympics, Japan's government is increasingly concerned that a major cyberattack could ruin the spectacle. A hit on the railroad system, electric grid or water utilities could be devast

    July 28, 2017 12:43 pm JST
  • Japanese trading houses juice up power plant operations

    TOKYO -- Japan's big trading houses are adding more staff to their power plant construction operations to meet growing demand in Asia and Africa and to gain an edge over their Chinese and South Korean rivals.Marubeni plans to increase staffing in Ba

    July 28, 2017 11:59 am JST
  • Japanese defense minister quits amid growing scandals

    TOKYO -- Japanese Defense Minister Tomomi Inada stepped down on Friday, capping her brief but embattled tenure that was marred more by gaffes and scandals than by achievements under Prime Minister Shinzo Abe.Inada told a Friday press conference that

    July 28, 2017 11:35 am JST
  • UAE oil giant eyes foreign partnerships to tap Asian markets

    TOKYO -- A state-owned oil company of the United Arab Emirates is making "good progress" in talks to renew Japanese producers' rights to crucial concessions and is seeking partners to expand in the growing Asian market, its leader told The Nikkei.Su

    July 28, 2017 03:20 am JST
  • Vandana Hari

    OPEC needs clearly defined endgame to tame oil glut

    The biggest problem with last November's landmark agreement among OPEC and some major non-OPEC oil producers to reduce output is that it lacks a clearly defined measure of success. The world's inventory overhang has persisted through the first six m

    July 24, 2017 04:19 pm JST
  • India and Israel get closer as their leaders hit it off in Jerusalem

    NEW DELHI Narendra Modi's three-day visit to Israel was both historic and productive. The first Indian prime minister to visit the Jewish state, Modi held in-depth talks with counterpart Benjamin Netanyahu that culminated in the signing of seven key

    July 13, 2017 10:00 am JST
  • Iraqi PM declares victory over Islamic State in Mosul

    MOSUL/ERBIL, Iraq (Reuters) -- Iraq's prime minister declared victory over Islamic State in Mosul on Monday, three years after the militants seized the city and made it the stronghold of a "caliphate" they said would take over the world."I announce

    July 11, 2017 04:46 am JST
  • How 'Rocket' Sasaki helped shape billionaire Masayoshi Son

    TOKYO -- News footage released May 20 by local media in Saudi Arabia surprised diplomatic insiders and businesspeople in the U.S. and Japan.The scene is in the royal palace in the capital, Riyadh. In the center of a large hall with white walls and a

    July 10, 2017 10:47 am JST
  • Some 10,000 Chinese companies now operating in Africa, report says

    TOKYO -- Chinese companies are increasingly rooted in Africa, with estimated over 10,000 companies operating in the region -- a number much bigger than in previously available data, according to a recent report by McKinsey & Company.The findings sho

    July 10, 2017 09:07 am JST
  • Iraqi Prime Minister congratulates armed forces for Mosul 'victory'

    MOSUL, Iraq (Reuters) -- Iraqi Prime Minister Haider al-Abadi arrived in Mosul on Sunday and congratulated the armed forces for their "victory" over Islamic State after nearly nine months of urban warfare, bringing an end to jihadist rule in the cit

    July 10, 2017 01:13 am JST