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  • Asian demand surge feared as rhino horn auctions resume

    JOHANNESBURG -- Rhino horn will go on sale legally in South Africa in late August, after a court lifted a domestic trade ban in April. Many expect much of the horn to find its way to East Asia, even though South Africa remains committed to a worldwi

    August 13, 2017 09:00 am JST
  • Asian investment is turning Ethiopia into textile hub

    ADDIS ABABA, Ethiopia The East African country of Ethiopia is fast developing into a dynamic apparel-sourcing hub, as low labor costs draw in international clothing makers.Manufacturers from China, South Korea, India and other countries have opened

    July 27, 2017 10:00 am JST
  • Chinese, South Korean, Indian apparel makers landing in Ethiopia

    ADDIS ABABA -- Ethiopia is fast developing into a dynamic apparel-sourcing hub as low labor costs lure international clothing makers to the African nation.Manufacturers from China, South Korea, India and other countries have opened new plants in the

    July 17, 2017 03:02 pm JST
  • China sends troops to Djibouti for opening of military base

    BEIJING (Reuters) -- Ships carrying Chinese military personnel for Beijing's first overseas military base, in Djibouti in the Horn of Africa, have left China to begin setting up the facility, state news agency Xinhua has reported.Djibouti's position

    July 12, 2017 12:14 pm JST
  • Japan to help emerging nations develop health care systems

    TOKYO -- Japan will team with global organizations to set up health care and insurance systems resembling its own in emerging nations, assisting with tasks such as collection of key health data, creation of medication transport networks and administ

    July 11, 2017 03:31 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
  • 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
  • The AIIB adds members and distances itself from Beijing

    JEJU, South Korea/BEIJING The Chinese-led Asian Infrastructure Investment Bank admitted three new members on June 16 at the institution's second annual meeting, lifting its roster to 80 even as the bank continues its cautious approach in deploying c

    June 22, 2017 10:00 am JST
  • Japan's drug sector to unite for emerging-market push

    TOKYO -- Around 25 Japanese companies including Eisai and Takeda Pharmaceutical plan to jointly develop and distribute medicines in emerging economies, leveraging a government partnership to take on Western giants.The group will aim to develop marke

    June 17, 2017 01:49 am JST
  • AIIB adds members, approves new lending at annual meeting

    JEJU, South Korea/BEIJING -- The Chinese-led Asian Infrastructure Investment Bank admitted three new members Friday at the institution's second annual meeting, lifting its roster to 80 even as the bank continues its cautious approach in deploying it

    June 17, 2017 01:31 am 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
  • Crude prices sag amid doubts over OPEC's influence

    TOKYO -- Crude oil prices have dropped this week in response to several reports that show rising output and lackluster demand, with market players questioning the effectiveness of OPEC's production cuts.The spot price of Dubai crude, the benchmark f

    June 16, 2017 02:51 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
  • Oil exporters reach 9-month deal extending output cuts

    VIENNA OPEC agreed on May 25 to extend its crude oil output cuts for another nine months through March 2018. But the effort to prop up prices may fail because some members are unlikely to adhere to their reduction targets.Although the impact of the

    June 1, 2017 10:00 am JST
  • Japan's JGC to help build $6.3bn LNG plant off Mozambique

    TOKYO -- A consortium including JGC has reached a 700 billion yen ($6.33 billion) deal to build a floating liquefied natural gas platform off the coast of Mozambique, as expected demand from emerging economies rekindles interest in LNG plants despit

    June 1, 2017 06:50 am JST
  • G-7 leaders to condemn N. Korea, terrorism as summit wraps up

    TAORMINA, Italy (Kyodo) -- Group of Seven leaders are set to send a message of condemnation of North Korea's nuclear and ballistic missile programs and of terrorism on Saturday, the second and final day of their summit in Italy.The leaders, four of

    May 27, 2017 02:55 pm JST
  • Extending cuts, OPEC girds for a fight against shale

    VIENNA -- OPEC agreed Thursday to prolong crude oil output cuts by nine months through March 2018, but the effort may not be as effective as it could be as some members are unlikely to adhere to their reduction targets.Members and such nonmember pro

    May 26, 2017 06:58 am JST
  • ICTSI abandons Nigeria port project

    MANILA -- International Container Terminal Services has walked away from a port contract in Nigeria due to prolonged delays of the project.The Philippine firm's Nigerian unit and Lekki Port LFTZ Enterprise, the project's promoter, have mutually agre

    May 25, 2017 11:45 pm JST
  • OPEC extends oil output cut by nine months to fight glut

    VIENNA (Reuters) -- OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three y

    May 25, 2017 08:50 pm JST
  • Mining companies face tough decisions despite the industry's rebound

    SYDNEY Big international mining companies like BHP and Rio Tinto made it through the crash in global commodity prices by slashing costs, shedding less productive units and taking full advantage of the economies of scale their vast operations provide

    May 25, 2017 10:00 am JST