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  • Trump negotiating with several countries over tariffs: White House

    WASHINGTON (Reuters) -- President Donald Trump is negotiating with a number of countries over the possibility of providing exemptions to new U.S. tariffs on steel and aluminum imports, the White House said on Friday."He's ... working with a number o

    March 17, 2018 08:24 am JST
  • Global trade surpasses economic growth for first time in 6 years

    TOKYO -- The volume of global trade grew faster than the world economy in 2017 for the first time in six years, as rising demand for semiconductors added fuel to the industry's far-reaching supply chains, thereby ending a period in which global trad

    March 17, 2018 06:50 am JST
  • Japan Tobacco to buy Russia's No. 4 tobacco maker

    TOKYO -- Japan Tobacco has reached a deal to purchase Russia's fourth-largest tobacco company, fortifying its lead in a key foreign market as its domestic operations struggle.The company said Friday it will acquire Donskoy Tabak, along with compatr

    March 17, 2018 04:55 am JST
  • Sweden says happy to help on North Korea amid summit speculation

    STOCKHOLM (Reuters) -- Sweden is happy to help with problems on the Korean peninsula but it is up to the parties involved to try to find a way forward, Foreign Minister Margot Wallstom said on Friday.She spoke a day after North Korea's foreign minis

    March 16, 2018 09:54 pm JST
  • Transporting natural gas by train: the greener way to go

    TOKYO -- Japan Petroleum Exploration is promoting rail transport as an environmentally friendly way to distribute liquefied natural gas in the U.S. and Europe, which have extensive track networks.The company, known as Japex, says its method of combi

    March 16, 2018 12:35 pm JST
  • Samsonite US manufacturing plan faces labor shortage

    HONG KONG -- Samsonite's plan to relocate some of its manufacturing activities to the U.S. is facing a challenge due to a shortage of skilled workers."You can get everything but you can't get people. Without people, factories won't work," chief exec

    March 16, 2018 11:57 am JST
  • US to seek 'like-minded' G20 countries to counter China: Treasury official

    WASHINGTON (Reuters) -- The Trump administration will seek to work with "like-minded" countries at the Group of 20 finance leaders meeting early next week in Argentina to push back against China's state subsidies and investment policies, a senior U.

    March 16, 2018 10:58 am JST
  • Nippon Steel finally gets rolling on acquisitions

    TOKYO -- Nippon Steel & Sumitomo Metal will buy Swedish counterpart Ovako Group and intends to turn equity-method affiliate Sanyo Special Steel into a subsidiary, forging ahead with a long-awaited business expansion as market conditions have improve

    March 16, 2018 05:15 am JST
  • North Korea foreign minister to talk with Swedish counterpart

    BEIJING (Kyodo) -- North Korean Foreign Minister Ri Yong Ho was on Thursday en route to Sweden, which represents U.S. interests in Pyongyang, for talks with his Swedish counterpart Margot Wallstrom, the Scandinavian country's Foreign Ministry said.T

    March 15, 2018 09:33 pm JST
  • Australia's immigration debate flares up over property prices

    MELBOURNE An Australian think tank's report on housing affordability has heated up debate on population size and quality of life in a country whose large migrant intake has resulted in the fastest-growing population in the developed world.In its rep

    March 15, 2018 10:00 am JST
  • Swiss bank Julius Baer enters Thailand's wealth management market

    BANGKOK The Swiss private bank Julius Baer Group is advancing further into Asia as affluence rises in the region. Its latest move is the formation of a wealth management joint venture with Siam Commercial Bank, Thailand's third-largest lender by ass

    March 15, 2018 10:00 am JST
  • BASF to invest $3.3bn in Asia, bolstering research staff

    TOKYO -- German chemical company BASF will devote 2.7 billion euros ($3.33 billion) to the Asia-Pacific region through 2022, looking to strengthen its foothold in an area increasingly important both as a market and a development hub.The region will

    March 15, 2018 02:00 am JST
  • Japan's Toray to buy Dutch carbon-fiber processor TenCate

    TOKYO -- Toray Industries is set to purchase a Dutch manufacturer of high-grade carbon-fiber composite components, with a keen interest in boosting automotive-related sales.Toray is expected to pay around 120 billion yen ($1.13 billion) for the enti

    March 15, 2018 01:33 am JST
  • G-20 finance chiefs to discuss fair trade, cryptocurrencies

    TOKYO (Kyodo) -- Group of 20 finance ministers and central bankers are expected to exchange views on the rise of protectionist trade policy and regulations on virtual currencies when they gather in Argentina next week.The two-day meeting from Monday

    March 14, 2018 09:44 pm JST
  • Physicist Stephen Hawking, who conquered the stars, dies at 76

    Stephen Hawking, who sought to explain some of the most complicated questions of life while himself working under the shadow of a likely premature death, has died at 76.The UK's Press Association reported his death, citing a spokesman for the family

    March 14, 2018 01:35 pm JST
  • Rare metal miners dig into used batteries for lithium and cobalt

    TOKYO -- As the era of the electric vehicle dawns, global resource players are working to establish networks and technologies for collecting and recycling valuable materials used in rechargeable batteries.Demand is expected to skyrocket for these ma

    March 14, 2018 01:32 pm JST
  • VW to expand production in electric car offensive

    BERLIN -- Volkswagen will expand electric vehicle production to 16 plants and widen partnerships with battery makers as the German automaker seeks to hit its sales target of 3 million electric cars a year by 2025.VW currently has three electric vehi

    March 14, 2018 05:26 am JST
  • China conditionally approves Bayer's acquisition of Monsanto

    BEIJING (Reuters) -- Bayer's on Tuesday secured conditional approval from China's commerce ministry for its planned acquisition of the world No. 1 seed company Monsanto, chalking up a victory in the onerous struggle to win over watchdogs across the

    March 14, 2018 03:53 am JST
  • French bank Natixis beefs up China-related M&A services

    HONG KONG -- French investment bank Natixis is expanding its China-related acquisition financing operations by taking a majority stake in Beijing-based M&A advisory firm Vermilion Partners.Despite outbound investment restrictions that the Chinese go

    March 13, 2018 09:50 pm JST
  • India and France lead efforts to boost solar power generation

    NEW DELHI -- India and France have joined hands to spearhead a global "solar revolution" with an aim to generate one terawatt of energy by 2030, an ambitious goal that requires $1 trillion in funds."There are financial and regulation hurdles and cap

    March 12, 2018 10:34 pm JST