Japanese labor unions said they clinched their biggest raises in years as Prime Minister Shinzo Abe calls for companies to boost wages to help put the world’s third-largest economy on a path to sustainable growth.
Roy Hill Holdings Pty, controlled by Asia’s richest woman Gina Rinehart, said talks are advanced to obtain A$7 billion ($6.5 billion) in funding for its Australian iron ore project, even as the price of the material this week fell the most in four years.
Billionaire Masayoshi Son says his wireless Internet service can challenge U.S. cable companies with lower prices and increased speeds. The pitch probably won’t quiet regulators’ qualms about his plan to buy T-Mobile US Inc.
Less than 9 percent of Japanese household assets are invested in the stock market even after the biggest gain in four decades for the Nikkei 225 Stock Average. To Shinji Harada, that smells like opportunity.