Search results

Results 1 - 20 of 501
  • Outgoing leader's protege set to win Kyrgyz presidential election

    BISHKEK (Reuters) -- A protege of outgoing pro-Russian leader Almazbek Atambayev looked set for a surprise outright victory in Kyrgyzstan's presidential election on Sunday, despite polls having predicted a close runoff between him and an opposition

    October 16, 2017 09:29 am JST
  • Asia Super Grid: SoftBank's latest dream stretches over 6 countries

    TOKYO -- SoftBank Group is launching an ambitious project to build a huge power transmission network stretching over six countries in Asia.Even Son Masayoshi, the hard-charging CEO of the telecom and internet conglomerate, who is known for boasting

    October 13, 2017 12:59 pm JST
  • Nouriel Roubini

    Three scenarios for the global economy

    For the last few years, the global economy has been oscillating between periods of acceleration (when growth is positive and strengthening) and periods of deceleration (when growth is positive but weakening). After over a year of acceleration, is th

    October 12, 2017 01:00 pm JST
  • Central banks hedging against geopolitical risk with gold

    TOKYO -- Central banks around the world are adding to their gold stashes, particularly in emerging markets, as they try to shore up their currencies amid rising geopolitical tensions and, in some cases, to stave off U.S. economic pressure.The total

    October 11, 2017 04:30 pm JST
  • Kate Mallinson

    Kazakhstan must do more to convince foreign investors

    The latest drive by Kazakhstan to privatize many of its state-owned companies and reduce the government's role in the economy is off to a better start than previous efforts.Yet the efforts by President Nursultan Nazarbayev to modernize the resource-

    October 10, 2017 03:00 pm JST
  • Eswar Prasad and Karim Foda

    Economic breathing space is an opportunity to strengthen resilience

    The world economy has settled into a holding pattern, with a broad-based but plodding recovery underway characterized by weak productivity and investment growth. Both advanced and emerging market economies have maintained modest growth momentum, but

    October 8, 2017 07:00 pm JST
  • Mongolia ushers in new prime minister

    BEIJING -- The Mongolian legislature installed a new prime minister Wednesday, bringing into focus the potential implications for diplomatic relations with North Korea as well as neighboring Russia and China.Khurelsukh Ukhnaa, the deputy prime minis

    October 5, 2017 04:30 am JST
  • Mongolia names new PM, putting IMF package back on track

    ULAANBAATAR (Reuters) -- Mongolia's parliament confirmed the nomination of Ukhnaa Khurelsukh as prime minister on Wednesday, putting the country back on course to receive funds from a $5.5 billion economic rescue package from the International Monet

    October 4, 2017 06:18 pm JST
  • Nippon Express climbs aboard China's Belt and Road Initiative

    TOKYO -- Nippon Express and Kazakhstan's state railway company have teamed up to start carrying cargo from China's east coast, through Central Asia and on to Europe.The Eurasian rail route is likely to benefit from China's Belt and Road Initiative,

    September 30, 2017 12:09 pm JST
  • Nicholas Spiro

    Emerging Asia investors may finally be turning more cautious

    Despite the dramatic escalation of tensions on the Korean peninsula and the resolve of the U.S. Federal Reserve to withdraw monetary stimulus, Asian government debt is still benefitting from hefty inflows. This year's cumulative inflows are already

    September 28, 2017 01:00 pm JST
  • Tristan Kenderdine: The Caspian Sea is the best bet for China's Belt and Road

    Most attention on China's Belt and Road Initiative has so far centered on northern rail routes through Russia and Central Asia and investments in Mediterranean and Indian Ocean seaports. But policymakers in Beijing have long dreamed of an alternativ

    September 28, 2017 10:00 am JST
  • Thailand and Mongolia embracing Japanese 'Kosen' schools

    TOKYO/BANGKOK -- Japanese kosen are designed to turn teenagers into professional technicians through five years of intensive training. Established after World War II to help industrialize Japan's economy, the vocational high schools are now attracti

    September 27, 2017 04:18 pm JST
  • Global trade, China will buoy Asia's growth to 5.8% in 2018

    MANILA -- China's better-than-expected economic expansion and a rebound in global trade will buoy growth in Asia, the Asian Development Bank said in a report on Tuesday.In its Asian Development Outlook Update, the regional lender forecast 5.9% growt

    September 26, 2017 10:30 am JST
  • Kazakh pension scandals stir criticism of government

    ASTANA -- Media trainer Anara Kuandikova, 29, is typical of the generation of post-independence professionals who have most to lose if anything goes wrong with oil-rich Kazakhstan's scandal-struck Unified Pension Fund. "I still see my pension contri

    September 21, 2017 02:39 pm JST
  • Drastic Uzbek devaluation whets appetite for wider reform

    TASHKENT -- Uzbekistan's moves to devalue and partly float its currency mark the country's first step toward much-anticipated reforms to wipe out the black market in foreign exchange and liberalize the economy. However, the next steps to come remain

    September 14, 2017 07:20 pm JST
  • Tristan Kenderdine

    Caspian Sea is China's best bet for Belt and Road

    Most attention on China's Belt and Road Initiative has so far centered on northern rail routes through Russia and Central Asia and investments in Mediterranean and Indian Ocean seaports. But policymakers in Beijing have long dreamt of an alternative

    September 14, 2017 11:00 am JST
  • Successful Tajikistan bond debut could encourage neighbors

    ALMATY -- Tajikistan has raised $500 million with its first international bond issue to help fund the construction of the world's tallest dam after years of failed attempts to attract foreign investment for the project.The move by Central Asia's mos

    September 11, 2017 03:39 pm JST
  • IMF deal at root of Mongolian PM ousting

    BEIJING -- Mongolia's parliament voted Thursday to remove Prime Minister Jargaltulga Erdenebat from office, citing his lack of competence to run the government. The move was initiated and supported by his own ruling party.At the root of the ousting

    September 9, 2017 06:03 am JST
  • Mongolian parliament ousts prime minister in latest reshuffle

    ULAANBAATAR (Reuters) -- Mongolia's parliament voted to oust Prime Minister Jargaltulga Erdenebat, its website said late on Thursday, after his ruling Mongolian People's Party (MPP) was defeated in a July presidential election.No prime minister of M

    September 8, 2017 06:08 am JST
  • Pasture degradation threatens Mongolia's cashmere industry

    NOMGON SOUM, Mongolia In the Mongolian Gobi Desert, Batchuluun's herd of more than 1,000 goats produces valuable cashmere wool that enables him to support a family of five in a traditional ger, or tent. It is equipped with solar panels, a TV and sma

    September 7, 2017 10:00 am JST