Portugal Telecom falls as BES debt trips merger alarm

John Glover and Joao Lima Bonds and stocks of Portugal Telecom SGPS SA tumbled on concern that its merger with Brazil’s Oi SA will be undermined by its purchase of short-term

Corporate Bits | National Ballet of China ready for Venetian Theatre performances

The National Ballet of China is celebrating the 1964 debut performance of “The Red Detachment of Women,” by staging this well-known Chinese classical ballet; once again in major cities throughout

Japan’s USD187 billion pinball pastime bets on casinos

Yuki Yamaguchi Welcome!” two young women in shorts and Hawaiian shirts chime over the clatter of pinballs and J-Pop at the Million pachinko parlor in the Tokyo residential area of Suginami. “All

Deutsche Bank, TheStreet maintain LVS as a “buy”

For TheStreet, “these strengths outweigh the fact that the company has had a generally high debt management risk by most of the measures that we evaluated.” TheStreet Ratings Team highlighted that

Corporate Bits | Conrad Macao named on the Expedia Insiders’ select list

The 2014 list names only 650 hotels as Insiders’ Select hotels from among the more than 290,000 bookable properties available on Expedia, Inc. websites worldwide. “We’re very pleased to be included

ENVIRONMENT | UN proposes building blocks of new global climate deal for 2015

Alex Morales The United Nations proposed a set of building blocks for a new global climate agreement, laying the groundwork for a deal to be reached at the end of next

World Series of Poker main event on; USD10m prize

Oskar Garcia Nearly 800 players with dreams of World Series of Poker glory started a marathon toward poker’s richest prize on Saturday — a guaranteed USD10 million payday and a place

Aristocrat to buy video gaming technologies for USD1.3b

Nichola Saminather Aristocrat Leisure Ltd. agreed to buy Video Gaming Technologies Inc. for about USD1.3 billion to triple its North American business amid falling profit in Australia. The purchase of closely-held Franklin,

Corporate Bits | Zou Shiming goes for his first professional title

In only his fifth professional fight and just 15 months removed from his professional debut, two-time Chinese Olympic gold medalist and national icon Zou Shiming (4-0, 1 KO) of Guizhou,

France says boosting use of euro is issue of ‘global balance’

Mark Deen and Caroline Connan French Finance Minister Michel Sapin said euro area governments need to look at ways of bolstering the use of the euro in international transactions as a

Dubai to build world’s biggest shopping center

Adam Schreck, Hong Kong The shopping-loving city that is home to one of the world's largest shopping malls wants to build one even bigger. Dubai ruler Sheik Mohammed bin Rashid Al

Corporate Bits | A new style of entertainment on Saipan

CLUB C Saipan’s owners engaged an international management team from Macau, IGamiX Management & Consulting Ltd, headed by Ben Lee, to operate the Club to international standards and to provide