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  • Ford to base Fusion production in China, ship to US: sources

    Ford Motor Co plans to consolidate global production of midsize sedans in China in 2020 and ship them to the United States and Europe, three sources said on Wednesday.In North America, the Fusion sedan currently is built in Hermosillo, Mexico, while

    December 14, 2017 06:00 am JST
  • Indonesia set to ink trade deal with Chile by year-end

    TOKYO -- Indonesia plans to sign a free trade agreement with Chile by the end of this year, Indonesian Trade Minister Enggartiasto Lukita has said.Jakarta is also holding talks on free trade pacts with Australia, the European Union, the European Fre

    December 8, 2017 03:45 pm JST
  • China, Panama to begin talks on free-trade deal in June 2018

    PANAMA CITY (Reuters) -- Panama and China will begin negotiations in June 2018 to sign a free-trade deal, the two countries' trade ministers said on Thursday, consolidating a relationship that has strengthened after the Central American nation ditch

    December 8, 2017 10:37 am JST
  • Komatsu targets 15% margin for US mining unit

    TOKYO -- Japan's Komatsu hopes to return the operating profit margin at U.S. unit Komatsu Mining to around 15% as soon as the year ending March 2021 by sharing maintenance facilities and cutting procurement costs.The maker of mining equipment, known

    December 8, 2017 02:13 am JST
  • Venezuela crisis lets China and Russia maneuver in US backyard

    SAO PAULO -- Venezuela's debt crisis has given China, the troubled country's No. 1 creditor, and Russia a golden opportunity to expand their economic -- and possibly military -- influence in the Americas. The new triangle could have serious strategi

    December 5, 2017 05:00 pm JST
  • Willem H. Buiter

    The case for getting rid of high-denomination bank notes

    I previously discussed the merits of going cashless to enable central banks, including the Bank of Japan, to set interest rates at more negative levels. While that may not happen any time soon, eliminating large denomination paper currency notes --

    December 4, 2017 11:30 am JST
  • OPEC, Russia agree oil cut extension to end of 2018

    VIENNA (Reuters) -- OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signalling a possible early exit from the deal if the market

    December 1, 2017 05:07 am JST
  • Sushi and the burrito, together at last?

    NEW YORK It was a line of customers snaking into Sushirrito, a year-old restaurant in New York's Flatiron District, that first caught Shireen's attention. In a city packed with restaurants, long lines signal something worth waiting for. In this case

    November 30, 2017 10:00 am JST
  • Deborah Elms: It may be smaller, but the new TPP is still a big deal

    The Trans-Pacific Partnership trade agreement is moving forward once again. With the endorsement of the leaders of 11 countries, the deal could come into force as soon as next year.This is not quite the same TPP deal that was in place a year ago. Th

    November 30, 2017 10:00 am JST
  • China's electric-car push sparks gold rush for lithium

    GUANGZHOU/SAO PAULO -- China's aggressive promotion of electric vehicles has kicked off a global hunt for lithium, spurring record prices for the material vital to the production of batteries used in such cars.Lithium race"We must secure lithium res

    November 27, 2017 05:00 pm JST
  • Japan to make wagyu easier for Americans to take home

    TOKYO -- Moving to stoke consumption of pricey wagyu beef, Japanese agricultural regulators have agreed with their American counterparts to skip quarantine inspections for visitors who bring small amounts of Japanese beef back to the U.S.The inspect

    November 25, 2017 06:28 am JST
  • Castro meets North Korea minister amid hope Cuba can defuse tensions

    HAVANA (Reuters) -- Cuban President Raul Castro met with North Korean Foreign Minister Ri Yong Ho on Friday amid hopes the Communist-run island might be able to convince its Asian ally to avert a showdown with the United States.North Korea is facing

    November 25, 2017 06:10 am JST
  • Trump's tour of Asia shows just how powerful Xi has become

    HANOI The hospitality U.S. President Donald Trump received on his tour of Asia was so warm that he may have felt more at home than in Washington, where he is constantly sparring with the media. But while Trump was relishing the red-carpet treatment

    November 23, 2017 10:00 am JST
  • Japan readies dollar-denominated trade insurance

    TOKYO -- State-owned Nippon Export and Investment Insurance is set to insure overseas infrastructure projects by Japanese companies in dollars for the first time, reducing a major barrier to the country's effort to export its building skills to deve

    November 23, 2017 04:40 am JST
  • Mitsubishi's long-delayed jet to take flight in harsher climate

    TOKYO -- The aircraft unit of Mitsubishi Heavy Industries may lose its first order for the company's long-delayed passenger jet, a potential setback that reflects major shifts in the industry threatening the viability of the milestone project.The Mi

    November 22, 2017 06:55 am JST
  • Thailand's PTTEP eyes more investment in SE Asia, Mexico

    BANGKOK -- Thailand's PTT Exploration & Production, the flagship exploration and production arm of state-owned resource giant PTT, will seek more investment opportunities in projects at home and abroad, taking advantage of stable oil prices.Presiden

    November 22, 2017 01:29 am JST
  • Japan to offer dollar-denominated loans to developing nations

    TOKYO -- Japan's government will start offering dollar-denominated development assistance loans, heeding the wishes of borrowing countries to reduce exposure to exchange-rate risks.The move will likely increase demand from countries whose currencies

    November 18, 2017 05:00 pm JST
  • Deborah Elms

    The revised TPP is still a big deal

    The Trans-Pacific Partnership trade agreement is moving forward once again. With the endorsement of the leaders of 11 countries, the deal could come into force as soon as next year.This is not quite the same TPP deal that was in place a year ago. Th

    November 17, 2017 07:00 am JST
  • Sapura Energy wins $352m in contracts in Malaysia and Brazil

    KUALA LUMPUR -- Sapura Energy, a Malaysian oil and gas services provider, has won engineering contracts worth 1.47 billion ringgit ($352 million) in its home market and Brazil, raising the value of the company's order book to around 15 billion ringg

    November 16, 2017 04:31 pm JST
  • China and Russia hold the key to saving Venezuela from default

    RIO DE JANEIRO -- As Venezuela teeters on the brink of default, its fate may ultimately depend on whether China and Russia continue to provide support as a way to counter the U.S.At a meeting with creditors on Monday, Venezuelan Vice President Tarec

    November 16, 2017 04:04 pm JST