Mining giant BHP Billiton has sold a 15 per cent stake in a West Australian iron ore mine to two Japanese conglomerates for $US1.5 billion ($A1.64 billion).
ITOCHU Corporation is investing $US800 million ($A872.51 million) while Mitsui is stumping up $US700 million ($A763.44 million) in shares and loans in BHP's Jimblebar mine in the Pilbara region.
ITOCHU will hold an eight per cent stake in the project while Mitsui will have a seven per cent interest.
A researcher embroiled in a fabrication scandal that has rocked Japan's scientific establishment said Friday she would resign after failing to reproduce results of what was once billed as a ground-breaking study on stem cells. (Japan Today)
The Japanese Bankers Association said Thursday the banking industry will launch a settlement system to allow instant fund transfers between banks 24 hours a day all year round in Japan from 2018. (Jiji Press)
The Chiba Public Safety Commission has banned a 29-year-old man from Matsudo, Chiba Prefecture, from riding a bicycle for 90 days, after he was found guilty of cycling under the influence of "kiken" quasi-legal drugs. (Japan Times)
Heavy snow caused a power outage along parts of the Joetsu Shinkansen Line for about six hours on Sunday morning, leaving some 300 passengers trapped in a bullet train for 2½ hours near the mountainous southern border of Niigata Prefecture. (Japan Times)