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  • India-led Australian megamine goes ahead despite public backlash

    MELBOURNE -- Australia, the world's largest exporter of coal and iron ore, is no stranger to big mining projects. Even so, the controversial Carmichael coal mine, which breaks ground this month, stands apart in terms of scale.By the time it begins o

    October 17, 2017 04:24 pm JST
  • Asian shares conquer 10-year peak, oil up on Iraq tensions

    SYDNEY (Reuters) -- Asian shares advanced to a decade high on Monday, while U.S. oil futures jumped to hover near a six-month top as escalating tensions between the Iraqi government and Kurdish forces threatened supply.Iraqi forces began moving at m

    October 16, 2017 12:37 pm 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
  • 'TPP 11' should preserve all agreed-upon rules: ex-US trade chief

    TOKYO -- As the 11 remaining parties to the Trans-Pacific Partnership work to ratify the trade deal, possibly by November, a former U.S. trade representative warns that the pact could be severely weakened unless efforts are made to keep "high standa

    October 13, 2017 12:37 pm JST
  • Singapore foots high costs for preserving 'last kampong'

    PULAU UBIN, Singapore -- It takes no more than 15 minutes to make the eastward crossing on a juddery old bumboat from Changi Jetty on Singapore's main island to Pulau Ubin, where gray-barked pulai trees stretch skyward, their pillar-straight trunks

    October 13, 2017 12:00 pm JST
  • Iron ore sinks as market readies for post-congress China

    TOKYO -- Iron ore prices are turning lower again, after a brief summer rally, with investors unnerved by China's aggressive moves to curb steel production.Prices rose this summer on expectations that demand for steel construction materials would gro

    October 13, 2017 10:30 am JST
  • Tokyo, Singapore, Seoul among world's most 'magnetic' cities

    TOKYO -- Tokyo remains the world's third most appealing city and is approaching second-ranked New York, according to a report released Thursday. Asian cities placed strongly in the ranking by the Institute for Urban Strategies of the Mori Memorial F

    October 12, 2017 07:35 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
  • Frederic Neumann

    TPP to rise from the ashes

    The Trans-Pacific Partnership agreement is clinging on. Despite the U.S. withdrawal from the pact earlier this year, the other 11 members are still aiming for ratification -- for good reason: Even without the world's largest economy, the agreement s

    October 12, 2017 10:00 am JST
  • Chinese steelmakers lift demand for high-quality iron ore

    TOKYO -- Heavier purchases of high-grade iron ore by Chinese steelmakers since last year have fueled record price premiums over low-grade ore, a shift driven by the country's stronger environmental regulations.Spot prices for Australian high-grade o

    October 11, 2017 01:07 am JST
  • AirAsia X to increase flights to South Korea on strong demand

    KUALA LUMPUR (Nikkei Markets) - AirAsia X, the long-haul arm of Malaysia's budget carrier AirAsia, plans to increase flight frequencies to South Korea as it sharpens focus on North Asian markets to meet an anticipated robust demand, top company exec

    October 9, 2017 08:33 pm JST
  • Car manufacturing reaches end of the road in Australia

    SYDNEY -- Australia's near century of car making ends Oct. 20, when GM Holden wraps up production following Toyota Motor's exit on Oct.3.It was a long time coming. The seed of the industry's demise was planted in the late 1990s, when the Australian

    October 9, 2017 10:36 am JST
  • Solar cars begin 3,000 km journey through center of Australia

    DARWIN (Kyodo) -- Four Japanese teams were among 38 solar cars that set out Sunday from the northern Australian city of Darwin on a 3,000-kilometer endurance race through the center of continent.Teams from 19 countries and regions have entered this

    October 8, 2017 10:37 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
  • New Zealand parties hold talks to form coalition government

    WELLINGTON (Reuters) -- New Zealand's small nationalist party which holds the balance of power after an inconclusive election held talks on Sunday with Prime Minister Bill English and separately with the opposition Labour leader as both try to form

    October 8, 2017 02:44 pm JST
  • Final tally in NZ election strengthens Labour in negotiation talks

    WELLINGTON (Reuters) -- A possible Labour-Green coalition narrowed the gap with the ruling National Party in New Zealand's final election tally on Saturday, strengthening their position in formal talks next week with a small nationalist party to for

    October 7, 2017 02:01 pm JST
  • New Zealand's tech industry boots up

    WELLINGTON Majestic scenery, adventure tourism and agricultural products may be central to New Zealand's international image, but technology and digital exports are growing fast, prompting industry calls for greater recognition."We're spending milli

    October 5, 2017 10:00 am JST
  • Predator versus predator: Giant sea snails take on reef-eating starfish

    SYDNEY -- In the warm tropical waters of northeast Australia, a potential battle is looming between two exotic predators of the sea. Its outcome could well determine the environmental health of one of the world's greatest natural wonders -- the Grea

    October 4, 2017 09:40 am JST
  • Japanese firms step up overseas M&A

    TOKYO -- Japanese corporations made 339 overseas mergers and acquisitions during the first half of the current Japanese fiscal year, the highest number of deals in the April-September period since records began in 1985.The number of deals was up 14%

    October 4, 2017 03:32 am JST
  • Asian iron ore prices slide 20% from August peak

    TOKYO -- Asian prices for iron ore and coking coal have plunged as an anticipated slowdown in Chinese steel production weakens demand, a trend that could provide wider margins for Japanese steelmakers enjoying brisk business for automotive applicati

    October 4, 2017 02:37 am JST