SoftBank Corp. founder Masayoshi Son will surpass Uniqlo’s Tadashi Yanai as Japan’s richest man within a year, transforming a wealth shortfall of about $2.4 billion into a $3.4 billion lead, share-price forecasts indicate.
China ended its undeclared embargo of exports of crucial strategic minerals to the U.S., Europe and Japan, although shipments to Japan still encountered difficulties, the New York Times reported, citing four unidentified rare earth industry officials.
Tens of thousands of demonstrators will march in Hong Kong on Monday, calling for greater democracy and action to narrow the wealth gap, as city leader Leung Chun- ying battles near record-low popularity.
Birmingham International Holdings Ltd., owner of English soccer team Birmingham City, said that Carson Yeung, awaiting the result of a money laundering trial in Hong Kong, resigned as an executive director and chairman.
Chinese Premier Wen Jiabao pledged to punish abuse of power by officials and narrow the growing wealth gap as police blanketed Beijing and Shanghai to head off planned protests inspired by revolts in the Middle East.
China has started briefing officials about a corruption investigation of Zhou Yongkang, the nation’s former security chief, paving the way for a public announcement soon, the South China Morning Post said.
Citic Pacific Ltd.’s former deputy head of finance Chui Wing Nin pleaded guilty to two counts of insider trading at his retrial and was sentenced to nine months in prison, Hong Kong’s securities regulator said.