Bloomberg Business

Japan Ruling Party Member Resigns Ministry Post Amid Probe

A lawmaker from Japanese Prime Minister Fumio Kishida’s ruling party resigned from his position as vice minister, the Foreign Ministry announced, following allegations he received a bribe from a wind power company.

Superconductor Mania Triggers Korea Exchange Warning

Investors continued to pile into some Korean stocks seen as related to superconductors amid claims about a breakthrough in the technology, even as the exchange warned of speculative bets and unfair trades.

Byju’s Unit Forced to Rework Board After Breaching Loan Terms

Aakash Educational Services Ltd., the tutoring business unit of edtech firm Byju’s, is reconstituting its board under an agreement with creditor Davidson Kempner Capital Management LP after certain loan covenants were breached, according to people familiar with the matter.

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