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Australia orders sale of illegal foreign property purchases

  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 ...

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Apple revives efforts to sell used iPhones in India

  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 ...

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Yahoo Japan soars most since 2013 as ads, e-commerce lift profit

  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 ...

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