Bloomberg Typhoon Lan, which is forecast to strike near Tokyo, may cause an estimated $25 billion to $35 billion in damage, said Chuck Watson, a disaster modeler with Enki Research in Georgia. Lan is about 1,169 miles south of Tokyo with top winds of almost 150 miles per hour. That would make it the equivalent of a Category 4 hurricane ...

Bloomberg Is Masayoshi Son the next Warren Buffett? A note from Sanford C. Bernstein & Co. argues that Son’s SoftBank Group Corp. is the next Berkshire Hathaway Inc. “We like to think of SoftBank as a tech-focused Berkshire Hathaway,” analyst Chris Lane wrote, noting that investor returns have been similarly strong. In fact, Lane finds a lot that the Japanese ...

Bloomberg India moved to curb gold-trade irregularities by preventing some trading houses from importing the metal following a surge in shipments in recent months. The second-biggest consumer won’t issue or renew authorisation to firms nominated by the Reserve Bank of India that fall under the so-called four- and five-star categories, the trade ministry said in a notice on its website. ...