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  • EU aviation regulator issues advice on Kobe Steel parts

    TOKYO -- The European Aviation Safety Agency issued a safety advisory notice on Tuesday to airlines operating in the region, recommending them not to use parts made by Japan's Kobe Steel, which has admitted to falsifying quality data on its aluminum

    October 18, 2017 03:56 pm JST
  • Chinese demand energizes global copper prices

    TOKYO -- Global copper prices have risen 30% since the start of the year, due mainly to construction demand from China and trading by speculators.Three-month copper futures contracts were changing hands at the London Metal Exchange for more than $7,

    October 18, 2017 03:56 pm JST
  • Japan election shines harsh light on gender gap

    TOKYO -- Japan's general election on Sunday will likely spotlight not only the staying power of Prime Minister Shinzo Abe, but also the nagging gender gap that plagues the country.Although the fleeting possibility of having a first female prime mini

    October 18, 2017 03:43 pm JST
  • Initial coin offerings: investing's wild frontier

    BANGKOK -- Initial coin offerings, the hot new online crowdfunding method, differ in many ways from initial public offerings. But both pose a similar dilemma for regulators the world over: How to create rules that are not so lax as to invite fraud,

    October 18, 2017 02:16 pm JST
  • US SEC charges Rio Tinto, former top executives with fraud

    NEW YORK (Reuters) -- The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique acquired for $3.7 billion

    October 18, 2017 11:49 am JST
  • Trump administration again declines to name China currency manipulator

    WASHINGTON (Reuters) -- Washington on Tuesday declined to name China as a currency manipulator although it remained critical of the Chinese government's economic policies ahead of a planned visit to Beijing by President Donald Trump.The semi-annual

    October 18, 2017 07:08 am JST
  • Interview

    BHP sees shiny future for copper

    TOKYO -- To the layperson, copper may lack the glamour of gold and the shine of silver. But to the world's largest mining company, BHP Billiton, humble copper is precious indeed.In an interview with the Nikkei Asian Review, Arnoud Balhuizen, the Aus

    October 18, 2017 07:00 am JST
  • China's Orient Hontai in deal to take control of Spain's Imagina

    MADRID (Reuters) -- China's Orient Hontai has agreed to buy a majority stake in Spanish sports rights group Imagina for $1 billion, the latest deal from deep-pocketed Chinese investors to transform the Asian country into a global soccer powerhouse.I

    October 18, 2017 05:23 am JST
  • Volvo debuts first 'Made in China' Polestar hybrid

    SHANGHAI -- Swedish automaker Volvo Car announced its first hybrid model under its retooled Polestar brand Tuesday, pressing the accelerator on efforts to capture demand from countries going green across the globe.The Polestar 1 plug-in hybrid seats

    October 18, 2017 05:14 am JST
  • Malaysia Airlines CEO resigns abruptly

    KUALA LUMPUR -- Malaysia Airlines CEO Peter Bellew resigned on Tuesday, midway through a three-year contract that was supposed to end June 2019.Bellew, who joined the national flag carrier in 2015 as its chief operating officer before replacing Chri

    October 17, 2017 09:58 pm JST
  • Hitachi high-speed trains make UK debut

    LONDON -- Hitachi high-speed trains began servicing London and the western U.K. on Monday, with more to come on other intercity routes as part of a modernization project in the birthplace of rail transport.The Hitachi Class 800 series trains connect

    October 17, 2017 07:17 am JST
  • World steel demand forecast to grow for third year in 2018

    BRUSSELS -- Global steel demand appears likely to increase in 2018 for a third straight year, with Latin America, the Middle East and other emerging economies leading the way, a report by the World Steel Association shows.The international trade bod

    October 17, 2017 03:34 am JST
  • Comment

    Austrian right's election success will reverberate around Europe

    Emmanuel Macron's resounding victory in the French presidential election earlier this year over his far-right challenger Marine Le Pen prompted widespread hopes in Europe that the forces of populist nationalism had been thrown into complete disarray

    October 16, 2017 03:41 pm JST
  • German design puts cool spin on Tokyo laundromat

    TOKYO -- Washing clothes is not something that sets most people's hearts racing. But that may change, at least in Tokyo, where an upscale laundromat is putting a bit of fun into a tedious household chore.This summer, Freddy Leck sein Waschsalon Toky

    October 16, 2017 01:14 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
  • Comment

    We may be sleepwalking into another financial crisis

    TOKYO -- Indonesian conglomerate Santini Group has an important unwritten rule rooted in its experiences during the Asian currency crisis of 1997: No borrowing money.Luki Wanandi, who later took the reins from his founder father in 1999, was an exec

    October 16, 2017 08:00 am JST
  • Interview

    Unilever CEO values sustainable-development opportunities in Asia

    SINGAPORE -- When the United Nations issued its 17 Sustainable Development Goals, which were adopted by the organization in September 2015, Unilever Chief Executive Paul Polman stood out as the only business leader who took part in drafting the docu

    October 15, 2017 12:00 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
  • IMF, World Bank push back against globalization's detractors

    WASHINGTON (AP) -- The leaders of the International Monetary Fund and World Bank are vowing to fight climate change, combat income inequality and push back against rising populist skepticism over free trade and international collaboration."We know f

    October 14, 2017 06:47 pm JST
  • Trump strikes blow at Iran nuclear deal in major US policy shift

    WASHINGTON (Reuters) -- U.S. President Donald Trump struck a blow against the 2015 Iran nuclear agreement on Friday in defiance of other world powers, choosing not to certify that Tehran is complying with the deal and warning he might ultimately ter

    October 14, 2017 03:18 am JST