WASHINGTON (AP) — Declaring "history is harsh," Prime Minister Shinzo Abe of Japan offered solemn condolences Wednesday for the Americans who died in World War II as he became the first Japanese leader to address a joint meeting of Congress.
He also sought support for a 12-nation trans-Pacific trade pact that has divided Congress and provoked opposition in Japan, telling lawmakers it should be completed "for the sake of our children and our children's children."
WASHINGTON (AP) — Prime Minister Shinzo Abe will seek support for a trans-Pacific trade pact that has divided U.S. lawmakers as he makes the first address by a Japanese leader to a joint meeting of Congress.
Abe will be promoting his staunch support of an even-tighter relationship between former wartime adversaries in both trade and defense as the allies contend with a rising China, and can expect a warm reception Wednesday morning.
WASHINGTON (AP) — President Barack Obama and Japanese Prime Minister Shinzo Abe declared progress Tuesday in trade talks between their two nations, stopping short of announcing a breakthrough in negotiations that are central to a massive 12-nation trade deal that would open markets around the Pacific rim to U.S. exports.
Obama conceded the domestic obstacles both he and Abe face to concluding a Trans-Pacific Partnership agreement, but said the deal would be an integral component of his effort to increase U.S. influence in Asia and expand markets for U.S. exports.
WASHINGTON (AP) — Eager to build on the U.S.-Japan alliance, President Barack Obama and Prime Minister Shinzo Abe will work to strengthen economic ties further while confronting stiff resistance from the U.S. president's own political party to a massive new Pacific Rim trade deal.
DUBAI, United Arab Emirates (AP) — Japan's Inpex Corp. on Monday won a stake in the development of major oil fields in the oil-rich emirate of Abu Dhabi, deepening the Asian nation's ties to the United Arab Emirates federation.
The Abu Dhabi National Oil Co. said the deal gives Inpex's Japan Oil Development Co. Ltd. Division a 5-percent stake in the onshore concession operated by the Abu Dhabi Company for Onshore Petroleum Operations, also known as ADCO.
TOKYO (AP) — A court rejected an injunction requested by local residents opposed to resuming operations of two nuclear reactors in southern Japan, giving the go-ahead Wednesday for their restart as planned this summer.
The Kagoshima District Court decision regarding the Sendai No. 1 and No. 2 reactors was a major relief for the power industry and Prime Minister Shinzo Abe's pro-business government. Another court last week banned restarts of two reactors in western Japan.
Not all of the major corporations that signed on Monday to the Obama administration's call to cut carbon emissions are on board with the Environmental Protection Agency’s Clean Power Plan, E&E reports.
Following Republican release of a video showing Hillary Clinton boarding a private jet after announcing her climate program, an aide to the Democratic presidential candidate is pledging her campaign will be carbon neutral, CNN reports.
Concerns over the continuing oil glut sent Brent crude down 17 cents Tuesday to $53.30 a barrel, the lowest settlement since Jan. 30, The Wall Street Journal reports. Ahead of weekly data from the Energy Information Administration, however, light, sweet crude gained 59 cents, or 1.2 percent, to settle at $47.98 a barrel on the Nymex.
The troubles in the oil industry are offering companies such as National Oilwell Varco a variety of acquisition targets, said CEO Clay Williams, speaking of “a buyer’s market” amid the downturn, FuelFix reports.
Concerned about the dent in profitability caused by the fall in natural gas prices, Reliance Industries—headed by Indian billionaire Mukesh Ambani—is considering selling its assets in the Eagle Ford Shale and the Marcellus Shale, sources tell Bloomberg.
Lower prices were pressuring revenue for chemical firm LyondellBasell in the second quarter, although its $1.33 billion profit, amounting to $2.82 a share, represented a gain compared to 2014 and beat analysts’ expectations, The Wall Street Journal reports.
The House and Senate energy policy bills are both crafted to attract bipartisan backing and to avoid more controversial issues like the Keystone pipeline, lifting the crude oil export ban and reining in environmental regulations, Roll Call reports.