Tokyo / Bloomberg Sharp Corp.’s shares rose after President Kozo Takahashi and Foxconn Technology Group’s Chairman Terry Gou formally signed a rescue deal over the weekend that gives the electronics maker a chance to recover from a long slump. The stock climbed 4 percent to close at 130 yen in Tokyo on Monday, while the Nikkei 225 Index was mostly …

Sydney / Bloomberg Optus, Australia’s second-biggest mobile-phone carrier, plans to cut as many as 480 jobs as it revamps its consumer and enterprise divisions and seeks sustainable growth. The unit of Singapore Telecommunications Ltd. notified affected employees today, with some likely to be offered alternative positions within the company, said a Singtel official who asked not to be identified per …

Baku / Bloomberg Deadly clashes between Azerbaijani and Armenian forces over the NagornyKarabakh region continued for a third day on Monday despite international pressure to halt the worst fighting in decades over the disputed territory. Azerbaijan said three of its troops were killed overnight when Armenian forces shelled its positions using mortars and grenade launchers, taking the overall death toll …