News

  Bloomberg Australia has ordered the sale of 15 properties illegally acquired by overseas buyers as part of the government’s crackdown on breaches of its foreign investment laws. The properties are located in Victoria and Queensland and have a combined purchase price of more than A$14 million ($11 million), Treasurer Scott Morrison said in a statement on Monday. They range ...

  Bloomberg Apple Inc. has put back on the table a request to sell used iPhones in India as it negotiates with the government for concessions to start production in the country, a person familiar with the matter said. The company has asked to bring in used iPhones to be refurbished and sold in India, saying it will have the ...

  Bloomberg Yahoo Japan Corp. jumped the most since 2013 after quarterly earnings beat estimates on strong growth in advertising and online shopping from smartphones. Shares surged as much as 17 percent intraday in Tokyo and hit their daily upper price limit. They were 15 percent higher as of 10:35 a.m. — adding about $3.4 billion in market value. Operating ...

  Bloomberg Brexit has already damaged businesses even before Prime Minister Theresa May triggers the start of Britain’s withdrawal from the European Union, according to a survey of the country’s largest companies. More than half — 58 percent — of the top executives at Britain’s biggest firms that responded to the Ipsos MORI “Captains of Industry” poll said the vote ...

  Bloomberg German factory orders rose the most in two and a half years in December amid a surge in investment-goods demand, suggesting that the strong run of Europe’s largest economy at the end of the year is set to continue. Orders, adjusted for seasonal swings and inflation, gained 5.2 percent from November, when they fell a revised 3.6 percent, ...

  Bloomberg Middle East investors, benefiting from a weak pound and rising oil prices, increased their spending in UK commercial property even as Brexit prompted buyers from every other region to shrink their spending. Investors from the region accounted for 24 percent of all overseas acquisitions in the fourth quarter compared with 10 percent a year earlier, according to data ...

  Bloomberg Ninety-seven companies, from Apple Inc. to Zynga Inc., filed an impassioned legal brief condemning President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy. The amicus brief was filed late on Sunday in the Ninth Circuit Court of Appeals and emphasizes the importance of immigrants in the economy and society. The companies ...

  Bloomberg Toyota Motor Corp. raised its full-year forecasts — albeit falling short of analysts’ estimates — as the carmaker sought to navigate rising protectionism under US President Donald Trump and as the yen’s volatility weighed on prospects for exports of its Prius and Lexus models. Operating profit will probably be 1.85 trillion yen ($16.4 billion) in the year through ...

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced that margin trading financing reached AED15.2 billion in 2016, representing 15.4 percent of the total trading value (buy and sell), which amounted to AED98 billion. The increase in the value of this trading is due to the increased number of brokerage companies that offer this service reaching 33 out ...

  DUBAI / WAM Asia and the Middle East have the largest selection of freight and urban transport projects in the world with more than $642 billion worth of planned railway investments, according to a report. According to a report by Terrapinn Middle East in collaboration Ventures ONSITE, the value of total GCC rail projects in pipeline stands at over ...