'Russia's Richest Man' May Have a New Title-Holder

Aug. 22 (Bloomberg) -- Leonid Mikhelson, the billionaire who controls OAO Novatek, Russia’s largest private gas producer, is poised to bump Alisher Usmanov from his perch as the country’s richest person. Mikhelson has been closing the net-worth gap with Usmanov in the past three months and is now $400 million behind the mining magnate, according to the Bloomberg Billionaires Index. Matthew G. Miller talks about the rankings with Deirdre Bolton on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Sharp’s Default Risk Jumps Most Since 2012
14:12 - Sharp’s bond risk has jumped the most since 2012 as the prospects of a state-backed rescue fade. Last week, the cost to insure debt in the Japanese display maker rose to the highest level for any Asian tech company. Bloomberg’s Pavel Alpeyev reports on “Trending Business.” (Source: Bloomberg)
  • Former CEO of PT Berau Refuses to Leave His Office
  • The Top Stocks to Watch in Asia Today
  • Japanese Market Is Showing Signs of Life: Dagan