Bloomberg Askul Corp plans to exercise its right to demand Yahoo Japan sell its 45 percent stake, escalating a public dispute between two major Japanese internet companies. CEO Shoichiro Iwata said he intends to propose the move at a board meeting scheduled for August 1. Whether the online retailer can force a sale hinges on the interpretation of an agreement ...

Bloomberg Profits at China’s industrial companies decreased, highlighting the headwinds faced by the world’s second-largest economy. Industrial firms’ profits fell 3.1 percent in June from a year earlier, the National Bureau of Statistics said. Changes to how the data has been collected have made economists question the accuracy of the release. China’s economic growth slowed to its weakest pace since ...

Bloomberg India deployed airforce helicopters and teams from its navy to rescue passengers stranded aboard a train stalled by heavy rainfall and floods about 60 kilometers east of Mumbai. The Mumbai-Kolhapur Mahalaxmi Express was held up since 3 a.m. local time with 700 passengers on board, India Today reported. “Following the incessant rains over the last 24 hours in Mumbai ...