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  • Jonathan Hillman

    When Russia sold Alaska

    It was an epic swindling or a strategic bargain, depending on who you ask. When the U.S. took possession of Alaska from Russia, 150 years ago this week, it paid less than two cents an acre. Some economists have dubbed it a losing investment, while m

    October 17, 2017 07:00 am JST
  • Russia steps up as go-between on North Korea

    MOSCOW -- Russia has been setting up a number of high-profile meetings with North Korean officials, positioning itself as an intermediary for negotiations with the isolated state in a bid to improve Moscow's strained relations with the U.S.Valentina

    October 17, 2017 02:02 am JST
  • Top Russian general to visit Japan in December

    TOKYO -- Japan and Russia aim to further mutual military exchange with a visit by the Kremlin's top uniformed officer in mid-December, with defense officials to discuss increasing joint activities that were put on hold after Moscow seized Ukraine's

    October 17, 2017 02:00 am JST
  • G-20 upbeat on world economy, affirms coordination over risks

    WASHINGTON (Kyodo) -- Finance chiefs from the Group of 20 major economies agreed Friday to step up coordination in better coping with risk factors to the world economy such as North Korea, amid signs that 2017 will be the best year for global growth

    October 14, 2017 08:13 pm JST
  • Kazakhstan 'dry port' key hub for China's 'Belt and Road' scheme

    KHORGOS, Kazakhstan -- A four-hour drive from Almaty, the largest city in Kazakhstan, in the vast wasteland to the east leads to a new logistics station in the China-border city of Khorgos. The so-called dry port, developed by Kazakhstan Temir Zholy

    October 14, 2017 08:00 pm JST
  • Japan intercepting more Russian warplanes

    TOKYO -- Japan scrambled fighter jets 561 times from April to September in response to foreign military aircraft in or near its airspace, including nearly 50% more incidents involving Russian planes than a year earlier.The total is 6% less than the

    October 14, 2017 05:29 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
  • North Korea says Trump has 'lit the wick of war' - Russia's TASS agency

    MOSCOW (Reuters) -- U.S. President Donald Trump has "lit the wick of war" with North Korea and his country will be made to pay with "a hail of fire", a Russian news agency quoted North Korea's foreign minister as saying on Wednesday.Tensions between

    October 12, 2017 08:01 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
  • Alibaba launches $15 bn overseas R&D drive

    BEIJING (Reuters) -- China's top e-commerce firm, Alibaba Group Holding, is launching a $15 billion drive to build overseas research hubs as the deep-pocketed firm looks to compete with global leaders in e-commerce, logistics and cloud technology.Th

    October 11, 2017 04:33 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
  • Kyrgyzstan to vote in Central Asia's first real election

    BISHKEK/EDINBURGH, U.K. -- Kyrgyzstan will vote on Sunday in the first genuinely competitive leadership election in Central Asia.The vote on Oct. 15 is Kyrgyzstan's second presidential election since a revolution in 2010 but its first competitive on

    October 11, 2017 03:49 pm JST
  • Sreeram Chaulia

    Nobel award highlights Asia's nuclear challenge

    The award of the 2017 Nobel Peace Prize to the International Campaign to Abolish Nuclear Weapons is a pat on the back for transnational activists striving for a world free of atomic bombs. ICAN's fervent advocacy for the disarmament of the nine coun

    October 10, 2017 11:14 am 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
  • Toshiba to buy back Westinghouse stake from Kazakh company

    TOKYO -- Toshiba will buy back a 10% stake in Westinghouse Electric for about 59 billion yen ($522 million), the Japanese conglomerate said Tuesday, under an option exercised by the Kazakh state-run nuclear power company that bought the shares a dec

    October 4, 2017 05:37 am 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
  • North Korea and the US take their verbal sparring to the UN

    NEW YORK/TOKYO The war of words between Washington and Pyongyang escalated with North Korea sending an open letter to foreign parliaments warning that recent comments by U.S. President Donald Trump have increased the chances of nuclear war.The lette

    September 28, 2017 10:00 am JST
  • East Asia needs $80bn in infrastructure to meet LNG demand

    TOKYO -- Infrastructure investments of some $80 billion are needed by 2030 to keep up with soaring liquefied natural gas demand in Eeast Asia, nations participating in an energy conference in the Philippines estimate.The region's LNG consumption is

    September 28, 2017 07:41 am JST
  • Trump: military option for North Korea not preferred, but would be 'devastating'

    WASHINGTON (Reuters) -- President Donald Trump warned North Korea on Tuesday that any U.S. military option would be "devastating" for Pyongyang, but said the use of force was not Washington's first option to deal with the North's ballistic and nucle

    September 27, 2017 04:51 am JST
  • US Treasury sanctions 26 individuals, nine banks over North Korea

    WASHINGTON (Reuters) -- The United States has sanctioned 26 individuals as part of its non-proliferation designations for North Korea as well as nine banks, including some with ties to China, according to the U.S. Treasury Department Office of Forei

    September 27, 2017 03:24 am JST