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  • Bulk carrier rates sink as Brazil's iron ore exports wane

    TOKYO -- Charter rates for bulk carriers have plunged as iron ore exports from Brazil slow and inventories of the mineral pile up in China.The charter rate for a benchmark capesize ship, which has a cargo capacity of about 180,000 tons, has dived 40

    January 20, 2018 02:24 am JST
  • France, Germany to make joint bitcoin regulation proposal at G20 summit

    PARIS (Reuters) -- France and Germany will make joint proposals to regulate the bitcoin cryptocurrency at the next summit of the G20 group of major economies in Argentina in March, French Finance Minister Bruno Le Maire said on Thursday."We will hav

    January 19, 2018 02:06 pm JST
  • Tokyo to host 2-day TPP talks from Monday: minister

    TOKYO (Kyodo) -- Japanese economy minister Toshimitsu Motegi said Friday that Tokyo will host a two-day conference of top negotiators of the remaining 11 signatories to the Trans-Pacific Partnership free trade deal from next Monday.With the aim of s

    January 19, 2018 12:19 pm JST
  • Pulp prices soaring on tight supply and brisk Chinese demand

    TOKYO -- Pulp prices are surging as growing Chinese demand combines with a tight supply, sending December shipment prices to Japan near record highs after rising over 20% in three months.North American needle bleached kraft pulp, often used in produ

    January 19, 2018 07:25 am JST
  • APEC summit outlook clouded by new host's problems

    AUCKLAND -- Corralling the 21 governments in the Asia-Pacific Economic Cooperation bloc into acting on regional challenges is hard enough at the best of times. It may be something practically unachievable in 2018.Already strained by U.S. President D

    January 17, 2018 12:30 pm JST
  • Toyota Tsusho buying chunk of Australian lithium miner

    NAGOYA -- Toyota Tsusho will acquire a 15% stake in Australian lithium-mining company Orocobre in hopes of securing stable supplies of the key mineral for eco-car batteries.The Toyota Motor group member will invest some 292 million Australian dollar

    January 17, 2018 04:04 am JST
  • Canada increasingly convinced of Trump NAFTA pullout: sources

    LONDON, Ontario (Reuters) -- Canada is increasingly convinced that President Donald Trump will soon announce the United States intends to pull out of NAFTA, two government sources said on Wednesday, sending the Canadian and Mexican currencies lower

    January 11, 2018 07:04 am JST
  • Iranian oil tanker in East China Sea could burn for a month - South Korean official

    SEOUL (Reuters) -- The stricken Iranian oil tanker in the East China Sea could burn for as long as one month, South Korea's Ministry of Oceans and Fisheries told Reuters on Wednesday, as the blaze raged for a fourth day following a collision with a

    January 10, 2018 10:40 am JST
  • Boeing losing bearings after stumble in trade row

    NEW YORK -- Boeing's effort to protect its home turf from encroachment by Canada's Bombardier by appealing to a protectionist U.S. government has backfired badly, leaving one of the world's top aircraft makers with an empowered rival and an unclear

    January 10, 2018 01:01 am JST
  • Glencore on offensive as zinc prices recover, China cuts production

    TOKYO -- Swiss mining giant Glencore's decision to drastically cut zinc production during a commodity price slump in 2015 is paying off and sending ripples through the market.The benchmark zinc futures on the London Metal Exchange hit a 10-year high

    January 4, 2018 01:00 pm JST
  • China's Didi Chuxing buys control of Brazil's 99 ride-hailing app

    BRASILIA/SAO PAULO (Reuters) -- China's ride-hailing application Didi Chuxing has agreed to acquire control of Brazil's 99, the companies said in a statement on Wednesday, potentially creating a formidable rival to Uber in Latin America's largest ec

    January 4, 2018 06:33 am JST
  • China's growing clout named the No. 1 risk for 2018

    NEW YORK -- China's broadening influence in the world, both political and economic, is the largest global risk for 2018, the Eurasia Group, an American research company, declared Tuesday.In its annual report released at the start of the year, the Eu

    January 3, 2018 05:35 am JST
  • Anthony Rowley

    2018 to see growing China-Japan economic rivalry in Asia

    The "proxy war" waged between China and Japan for economic and strategic influence in Asia is likely to be stepped up in the New Year. It is a conflict hidden temporarily from general view behind a screen of neutral-sounding regional initiatives. Bu

    December 29, 2017 07:00 am JST
  • Japan's Koito adding capacity at Indonesia auto lamp factory

    TOKYO -- Koito Manufacturing, a leading maker of automotive lighting, plans to boost production capacity at a plant in Indonesia by 50%.In operation since 2011, the Indonesia plant is now stretched to capacity, making 1 million headlights and 300,00

    December 27, 2017 04:47 am JST
  • Singapore's Keppel to pay $422m in bribery fines

    SINGAPORE -- A subsidiary of state-affiliated conglomerate Keppel has agreed to pay a total of $422 million in fines to American, Brazilian and Singaporean authorities over bribery involving oil rig orders.The parent announced the fines Saturday, se

    December 27, 2017 01:51 am JST
  • Keppel, Sembcorp Marine shares fall on Brazil woes

    SINGAPORE (Nikkei Markets) -- Shares of Singapore rig builders Keppel Corp. and Sembcorp Marine slid on Tuesday after Keppel's offshore and marine unit was fined $422 million following a corruption probe involving illicit payments to politicians and

    December 26, 2017 05:26 pm JST
  • Japan pushes for March signing of TPP 11

    TOKYO -- The Japanese government is working to have a retooled version of the Trans-Pacific Partnership, the multilateral trade and investment agreement abandoned by the U.S, signed by early March.But labor rights and other issues remain sticking po

    December 26, 2017 04:37 am JST
  • Boeing in talks with Embraer; Brazil backs jetliner alliance

    SAO PAULO/RIO DE JANEIRO (Reuters) -- Planemakers Boeing Co and Embraer SA are discussing a "potential combination," they said on Thursday, in a move that could consolidate a global passenger jet duopoly provided Brazil's government gives its blessi

    December 22, 2017 06:45 am JST
  • India's Sterlite wins 1,800km power line project in Brazil

    MUMBAI -- India's Sterlite Power Transmission has won a contract to build 1,800km of power lines in northern Brazil, beating out international competitors to make what it claims would be the largest investment in Latin America by an Indian company.C

    December 20, 2017 02:21 pm JST
  • Ford to base Fusion production in China, ship to US: sources

    Ford Motor Co plans to consolidate global production of midsize sedans in China in 2020 and ship them to the United States and Europe, three sources said on Wednesday.In North America, the Fusion sedan currently is built in Hermosillo, Mexico, while

    December 14, 2017 06:00 am JST