Bloomberg Call it the Masayoshi Son mathematical distortion field. The founder of SoftBank Group Corp. added about 1.94 trillion yen ($17.6 billion) to the market value of his company— by unveiling a plan to buy back shares worth less than a third of that amount. Based on his own stake, Son’s net worth rose by about $5 billion. His fortune ...

Bloomberg The Philippine Congress approved the 3.76 trillion-peso ($72 billion) budget for 2019, ending an impasse that put on hold funding for new government projects. Lawmakers ratified the spending plan in Manila, just before a three-month recess until May 20. The Philippines missed the year-end deadline to approve the 2019 budget — the first time in almost a decade — ...

Bloomberg Lenders dumped shares of Anil Ambani group companies they held as collateral after their market value plummeted about 126 billion rupees ($1.8 billion) this month, adding to the litany of woes plaguing the Indian billionaire. Creditors sold a total 5.5 billion shares in four companies — Reliance Power Ltd., Reliance Infrastructure Ltd., Reliance Communications Ltd. and Reliance Capital Ltd. ...