Bloomberg MTN Group Ltd., the South African wireless carrier with $1 billion stuck in Iran, agreed to make an investment of 20 million euros ($22 million) that will support Snapp.ir, the Islamic Republic’s first cab-hailing smartphone application. The funds “will allow us to quickly expand to other cities” than Tehran, Snapp Chief Executive Officer Shahram Shahkar said by e-mail ...

  Bloomberg Yum! Brands Inc, the US fast-food giant that’s spinning off its China unit, plans to add more outlets with the likelihood of tripling its presence to about 22,000 stores in Asia’s biggest economy. Yum China already has 7,300 restaurants in the country – five per million people – and has the potential to triple that in the long ...

  Bloomberg Australia’s government sold its biggest-ever bond, raising A$7.6 billion ($5.8 billion) in a debut offering of 30-year securities. Yields on benchmark 10-year debt jumped to the highest since June. “The eventual size was slightly larger than we expected, but does show good demand,” said Roger Bridges, chief global strategist for rates and currencies at Nikko Asset Management’s Australia ...