The Market Monitor Minding the Nation's Business

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 …

Two of Formula One’s top drivers have made lucrative moves to new teams in 2015, so fans might think there will be a shake-up to last season’s established order. They would be wrong.

Tokyo —The final decision on which new sports will be added to the program for the 2020 Tokyo Olympics won’t be made until August 2016—a year later than originally planned.

Doral, Florida— J.B. Holmes never liked the old Blue Monster at Doral because he thought it was too easy for a World Golf Championship.

Tim Dalhberg Las Vegas —Armed guards patrolling the gym where Manny Pacquiao trains. Stealthy attempts to disrupt Pacquiao’s sparring. And a bit of trash talking just to spice things up two months before the big fight.

Christine Armario / The Associated Press Los Angeles—Mountainside hikes along urban cityscapes. Ramen noodle bars, Korean teahouses and taco trucks serving every regional Mexican specialty. Sure, Los Angeles is known for classic Hollywood, but these days the city is getting attention for other attractions, too.

CHEF MOM / Adoree Chong-Uy Question No. 1: I consider myself an intermediate baker. I have been baking brownies, cookies and cakes for years now. I thought that a baked cheesecake is an easy thing to make, but I was wrong. Last week, I made New York cheesecake using a recipe I found on the Internet, and it turned out …

LIVE WELL / CJ Rodriguez Not all those who wander are lost.—J.R.R. Tolkien As our 15th wedding anniversary fast approaches, my better half and I have come to several realizations. One is that we really need to see about getting each other new wedding bands, as our original ones have mysteriously disappeared! Mine first before his, I am embarrassed to …

By Teresa Cerojano / The Associated Press Tony award-winning actress and The Voice of the Philippines coach Lea Salonga says talks have not yet been finalized on her joining the cast of Star Trek actor George Takei’s musical Allegiance on Broadway, but added that it is a show she wants to be a part of.

By David McHugh / The Associated Press Frankfurt, Germany—In Europe, SUV now stands for “shrinking utility vehicle.”