Xi says China-Italy pact offers closer ties in strategic sectors

Chinese President Xi Jinping, brushing aside U.S. and European concerns ahead of his visit to Rome (more on p11), offered Italy a “global strategic partnership” stretching from

Tourism | Club Med touted as ex-President looks to secure Comoros vote win

Former Comoros President Azali Assoumani said leisure companies including Club Med may invest in the Indian Ocean archipelago, as he vowed to boost the tourism industry if

Technology | Chinese firm gets no lift from giant rally

If the rising tide of investor optimism in China (and tech shares) is supposed to lift all equity boats, then at the moment Xiaomi Corp. appears to

Cathay will mine personal data to tailor business-class service

Cathay Pacific Airways Ltd. is mining the data of its business- class customers so they’ll keep spending with the airline. The company has invested “a lot” in its data

Another HK stock slumps after activist calls it a bubble

Hong Kong’s most famous stock picker is on the attack again, criticizing the accounts of one of the city’s top performers this year. Kingdee International Software

Corporate bits | Melco participates in green week

Melco Resorts & Entertainment participated in Civic and Municipal Affairs Bureau (IAM)’s 38th Macao Green Week, presenting a butterfly garden-themed creative display featuring over 11 types of

After Danske, new dirty money risk seen in payment services

As one avenue for money launderers is shut, another one may be opening. In Denmark, home to Danske Bank A/S, the authorities are now taking a

Hong Kong seen spending billions more to defend currency peg

This round of currency intervention in Hong Kong is far from over. That’s according to analysts, who’re watching the interplay between the amount of money

Corporate Bits | Sichuan moon opens at Wynn palace

Wynn Palace Cotai announced the arrival of Sichuan Moon – a restaurant with internationally acclaimed Chef André Chiang. The restaurant will reinterpret the flavors of Sichuan cuisine,

Real Estate Matters | Spatially close, socially apart(ment)

Sam Lee is a marketing manager and property consultant at JML Property.  JML was established in 1994 and offers Investment Property & Homes. It specializes in managing properties

China brokerages’ 54 percent stock surge may be running out of steam

China’s brokerages are on pace for their best quarter since 2014, though a rare sell call is a sign the rally may be topping out. CSC

China calls for US, European companies to join Belt and Road

China pledged greater cooperation with American and European companies on Belt and Road ventures, in its latest bid to counter criticism that President Xi Jinping’s initiative

Lunar New Year blamed for underwhelming economic data

China’s most important festival is the main culprit behind the underwhelming economic indicators at the start of this year, according to the statistics authority. The Lunar

Gaming | Caesars gives Carl Icahn three seats on company board

Caesars Entertainment Corp. gave Carl Icahn three seats on its board, putting the billionaire in position to influence the choice of a new chief executive officer and

Cathay does a U-Turn on budget carrier with HK Express talks

Cathay Pacific Airways Ltd. is having a change of heart about the budget-airline business. At an earnings briefing in Hong Kong yesterday, a reporter asked Chairman

Corporate Bits | Privé launches ‘Good France’ menu

In celebration of the global “Good France” event, Privé at Sofitel Macau at Ponte 16 is introducing the “Good France” set menu from March 19 to 23.

Singapore Exchange faces threat from HKEX China share move

MOVES by Hong Kong’s stock exchange to start trading derivatives contracts based on Chinese- listed shares pose a new competitive threat to rival Singapore Exchange Ltd.

Corporate Bits | MGM awarded in GBA enterprise awards

MGM is the only Macau enterprise to receive an award in the first Guangdong-Hong Kong-Macao-Bay Area Top 100 Enterprise Heritage Awards and Outstanding Entrepreneurship Awards Ceremony.

Hong Kong tightens liquidity with USD192 million peg defense

Hong Kong faces the likelihood of rising borrowing costs after the city’s de facto central bank intervened to defend its currency peg for the first time since

European Union | Portugal’s Costa opposes strategy of creating European champions

Portuguese Prime Minister António Costa said he opposes a strategy of creating large European corporate champions at the expense of competition within the region. “We can’t

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