Canberra, Australia—Australian authorities are clamping down on wealthy foreigners illegally buying real estate, ordering a Chinese billionaire to sell a Sydney mansion he recently bought for $30 million, a minister said on Wednesday. The billionaire, Hui Ka Yan, 56, is chairman of Hong Kong-listed real estate developer Evergrande Real Estate Group, which is based in Guangzhou, China. He is listed …

Riza Lozada The Philippines does not plan to revise soon its existing rules on bank deposit secrecy, according to the Bangko Sentral Ng Pilipinas (BSP).

Riza Lozada The Mindanao grid is considered power deficient for the second straight month due to plant outages causing millions of pesos in business losses.

Beirut—Little known to the wider world 18 months ago, the Islamic State extremist group has muscled its way into the international spotlight by carving out a self-declared caliphate in the heart of the Mideast, beheading its opponents and foreign journalists, and attracting radicalized youth as far afield as Paris, London and New York.

Sydney—Australia, Indonesia and Malaysia will lead a trial to enhance the tracking of aircraft over remote oceans, allowing planes to be more easily found should they vanish like Malaysia Airlines Flight 370, Australia’s transport minister said Sunday.

Mass housing leader 8990 Holdings Inc. seeks to raise up to ₱9 billion in fresh funds from a retail bond offering to further fund its expansion plans.

Volatilities in the global market remains a normal thing for now due to the looming interest rate normalization in the US on one hand and the implementation of the additional stimulus program in the euro zone and in Japan on the other.

Los Angeles—The leader of the Port of Los Angeles, the nation’s largest, said Saturday it would take three months “to get back a sense of normalcy,” following a labor dispute between dockworkers and employers.

UNITED NATIONS—Two of the most powerful members of the UN Security Council are rejecting Libya’s call to lift a UN arms embargo so it can defend itself against the Islamic State group, saying Thursday that the chaotic country needs a national unity government first.

NEW DELHI—India’s filthy air is cutting 660 million lives short by about three years, while nearly all of the country’s 1.2 billion citizens are breathing in harmful pollution levels, according to research published Saturday.