it might be worth keeping and i on the big mining stocks bhp billiton and rio tinto.were up in london trade. commoditiese saw worldwide gaining strength from the u.s. as well. and equities there. as easing monetary policy continues. iron or marketing manager is expected to ramp up on the back end of, 2016 putting downward pressure on the crisis. after a one-daybreak, the nikkei is looking positive there at the moment. all industry activity for july is expected to weaken from 1% to 0.2%. emily: i am emily chang. this is "bloomberg west." startup investor rocket internet saw shares jump to it's highest intraday level in four months. they say they expect three investments to turn profitable by the end of 2017. the berlin based company has dozens of stakes in food delivery and fashion startups, but have seen their price cut in half after some investments faltered. one of rocket's key investments, delivery hero, has been gaining ground. the service now works with 300,000 restaurants in 33 countries with sales growing by more than 50%. caroline hyde caught up with the cofou

bhp billiton and oz minerals continue their run. takata, having the cos sold its unit.g we might see a jump ,rom the biggest ipo this year postal savings bank of china unchanged on the open. debut aftery muted such high expectations. the imf is raising the alarm on japan's labor market. employees have too much power when it comes to wage negotiations, and that the wider economy will suffer if corporations keep the cash instead of raising salaries. about why the imf is so concerned. >> one of the reasons they are concerned is the clear power balance shift to employers. what happened is that in japan, it unions tend to be company based, and those unions have compromised their ability to negotiate for higher wages at the expense of protecting lifetime employment for its members. what the companies did in response was they added it contracting and part-time and temporary workers. but have increased a lot, they are not represented by in the unions in most cases, so that is a clear shift of power in my opinion. angie: you say this is clear, have to evidence do we show that th

south australia, the whole state was without power but operations are -- at running at the hp bhp billitonouth korea, a court deciding not to arrest the chairman over embezzlement investigations, putting the skins -- putting the skids on a corruption probe. the conglomerate run the re-think from the marks to chemicals, so there's some relief that corruption probe looks to have wrapped up. that is some of what we are watching across the asia-pacific today. i'm paul allen, bloomberg tv, in sydney, australia. emily: this is "lumbered west." i'm emily chang. time now for series a, our tech investing roundtable where we take a deep dive into the world of the markets. tech investing has evolved in recent years with some startups getting multibillion dollars valuations and disrupting heavily regulated parts of the economy. intore investing is moving new territory, attracting private equity players. joining me to discuss that is to veteran investors, scott stamford who ran goldman sachs internet investment banking and the partner at tpg's growth fund. thank you for joining us. has changed a lot an

consider this recent news from bhp billiton, a gigantic mining company that was over half done with a huge 2.6-billion-dollar potash mine expansion. bhp which lost a eds about 400 dollars per ton to just break even on potash. current prices are less than two hundred. with three- dollar or less corn, even $400 is more than most growers can pay. this same situation is replicated all across agriculture from machinery to seed: all of us have much higher breakeven costs than just a few years ago. the big commodity boom not only generated a lot of will not come down easily or smoothly. it also means that until the supply and demand for commodities get closer together, the red ink will spread out to cover virtually all the businesses in agriculture. thanks, john. and send your questions or comments to john at mailbag at u-s farm report dot com. up next, we head to the birthplace of the worlds fair in if you enjoy an ice cream cone from time to time, or even a glass of iced tea, you can think one popular event from the early 1900s. while some say these treats were invented at the 1904 world's

finally, i wanted to bring up bhp billiton because miners are taking quite a big hit today.dity prices and lower on expectations, or rather, on reaction from the hawkish tone we got some from fed officials late last week. caroline: thank you very much, nejra. now, we are getting the start of trade. we heard nejra talking about the ramifications on eon. currently, we are seeing a price of $10.015. we could see this rise to as high as 16 euros. ist seems to be what uniper being rateed. we will be speaking to the chief executive in a few minutes time. but now, we are sticking with the german theme, far from perfect. that is how the volkswagen cfo frank ritter described the company's position. he told me there were profitability issues. , but wey can guarantee know much more about the risks that we were exposed to. carefullyessing very all the risks and have set up related provisions. we have a pretty good handle on it. ongoing conversations, not only in the u.s. and canada. we are quite confident that we have a pretty good handle on it. caroline: he also spoke about volkswagen'