India | Tycoon battles to unlock USD17b of his wealth

Billionaire Pallonji Mistry has about 85 percent of his estimated USD19.9 billion fortune locked up in a legal battle with India’s largest conglomerate. The

Innovation | Electric trucks facing long road to unseat diesel engines

The next battleground for replacing fossil fuel-guzzling vehicles will be U.S. interstate highways, where long-haul trucks keep the economy moving. Electric trucks are coming, and they’ll

Corporate Bits | MGM announces international lion dance championship

MGM hosted a press conference for the “MGM Lion Dance Championship – Macau International Invitational 2018” and a graduation ceremony for the “Junior Lion Dance Training Program 2018”

Adelsons spent USD55 million to help GOP win battle for Congress

Billionaire casino owner Sheldon Adelson and his wife, Miriam, delivered USD25 million to help Republicans try to hold the Senate in November’s congressional elections, adding to the

‘Made in Cambodia’ may become new fashion label with tariffs hitting China

The next designer handbag you buy is less likely to bear a “made in China” label. Fashion companies, eager to diversify their supply chains, were

Venezuela | One of the greatest currency devaluations in history launched 

Venezuelan President Nicolas Maduro carried out one of the greatest currency devaluations in history over the weekend - a 95 percent plunge that will test the capacity

Corporate Bits | Wynn unveils new mooncake gift boxes in time for mid-autumn festival

Wynn Macau has unveiled three designed mooncake gift boxes that feature flowers and butterflies in time for the upcoming Mid-Autumn Festival, with each pattern representing a

Greek bailout ends, but Europe’s debt problems grind on

Greece officially completes its bailout program today, after eight years of cutbacks enforced in return for massive loans and following an economic collapse on the scale of

Real Estate Matters | Why you should invest in real estate

Dating as far back as the ancient Mesopotamian times, private property has always played an essential role in human society. While it was used primarily to serve and

Indonesia | Forests group halts plan to endorse paper giant

The main global group for certifying sustainable wood has suspended plans to give its influential endorsement to Indonesian paper giant Sinarmas after revelations it cut

Ultra-rich save millions exploiting Hong Kong home loophole

When Pan Sutong, the billionaire chairman of Hong Kong investment conglomerate Goldin Group, splashed out a reported HKD2.5 billion (USD318 million) for a home in

Corporate Bits | Sands China kicks off summer activities for team members

Sands China Ltd. launched Sands China Amazing Summer 2018, an initiative encouraging team members to enjoy work-life balance, and activities with friends and family. Sands

Retail | Tapestry now sees China as key market, not factory, for bags

Tapestry Inc. wants its handbags and boots to conquer Asia. The house of fashion brands, which owns Coach, Kate Spade and Stuart Weitzman, has taken measures

Tencent stuns with 1st profit drop in at least a decade

Tencent Holdings Ltd. joined the ranks of Facebook Inc. by reporting shockingly poor quarterly numbers, underscoring how tech superstars that led the market to new

Gaming | New Jersey betting rises, but gains go to two new casinos

The Hard Rock and the Ocean Resort, two new casinos in Atlantic City, New Jersey, boosted betting in the Garden State last month, though revenue

Morgan Stanley intern nabs senior Southeast Asia role in 7 years

Morgan Stanley is promoting a pair of dealmakers in Southeast Asia, with one banker rising from intern to a senior position in just seven years. The

Tencent ordered to kill game just days after its debut

Tencent Holdings Ltd. took another hit to its gaming business, after regulators told the social media giant to remove Monster Hunter: World from its PC downloads

Mozambique’s ruby mining goes from ‘wild west’ to big business

Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old small- scale miner, he found a large red ruby in northern Mozambique. He sold

Corporate Bits | The Parisian hosts elderly group at show

A group of approximately 40 members of the Lok In Elderly Service Centre of the Women’s General Association of Macau watched the La Parisienne variety show

Gambling apps surpass CryptoKitties as blockchain money makers

It turns out that gambling, not buying digital kittens, is one of the most popular applications on the blockchain - the distributed ledger technology that

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