Tesla boosts Hong Kong chargers to help stem slide in sales

Tesla Inc. is beefing up its vehicle charging infrastructure in Hong Kong to help lure back customers after an end to the city’s tax breaks caused sales

Audi fined USD925 million in Germany over diesel emissions

German law enforcement authorities added another chapter to Volkswagen’s diesel scandal yesterday by fining the company’s luxury division Audi 800 million euros (USD925 million) for selling cars

Property | Singapore home sales rebound as buyers move past curbs

Private home sales in Singapore jumped 51 percent in September as developers marketed more projects post the hungry-ghost festival month, a period Chinese buyers consider

Retail | Chinese demand for Italian luxury suits slows as trade war bites

The ongoing trade war with the U.S. is hitting Chinese consumers psychologically, causing a slowdown for luxury goods in the second half of the year, said

Korean Air’s chairman Cho faces trial after embezzlement probe

Korean Air Lines Co. Chairman Cho Yang-ho is set to stand trial in an embezzlement case, adding to troubles faced by a family that’s been at the

Italy emerges as creeping concern among finance chiefs in Bali

As if trade wars, rising interest rates and slowing global growth weren’t enough, the world’s finance chiefs are zeroing in on another source of concern: Italy.

MGM sports-betting chief expects to see wagering in stadiums

MGM Resorts International executive Scott Butera envisions a day when teams put sports-betting parlors inside their stadiums to make it easier for fans to place wagers.

Hong Kong | USD4 billion border project reportedly running late

A USD4 billion border crossing between Hong Kong and Shenzhen will be delayed until the middle of next year as a key contractor, Leighton Contractors (Asia) Ltd., encounters problems,

Real Estate Matters | How buying an investment property is like getting married 

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

BMW ramps up investment in China to meet electric demand

German automaker BMW is taking a majority stake in its China joint venture and investing 3 billion euros (USD3.5 billion) in factories there, underscoring the importance

Billionaire Lau is said to redevelop Goldman’s London base

Joseph Lau’s Chinese Estates Holdings Ltd. has invited companies to pitch to redevelop Goldman Sachs Group Inc.’s London headquarters after the bank vacates the building next

Qatar pledges USD3b to spur interest in new free zones

Qatar plans to spend USD3 billion to attract foreign companies to its new free zones as the oil-rich country seeks to diversify its economy amid a boycott.

Corporate Bits | Sands China kept large-scale conference running smoothly during typhoon

When a super typhoon struck Macau last month, the Jeunesse Expo 9 was taking place at The Venetian Macao. In spite of the storm, the conference –

Ikea plans to expand to a dozen new markets, including Macau

The company will in the coming years open stores in Chile, Colombia and Peru through a new Ikea franchisee called Falabella as part of its first

Gaming | Island casino for Chinese high rollers sputters amid delays

Four years after it arrived on the remote U.S. territory of Saipan, Imperial Pacific International Holdings Ltd. is faltering in its effort to turn the obscure

Corporate bits | Airasia announces Krabi-Macau route

AirAsia is introducing direct flights from Krabi to Hong Kong and Macau at special promotional fares in celebration of its 10th  year of flying to Hong Kong.

Google discloses privacy security flaw kept quiet since March

Alphabet Inc.’s Google said it found a “software glitch” in its Google+ social network in March that could have exposed the personal data of as

Hong Kong banks slash property valuations as home market teeters

Banks in Hong Kong are aggressively cutting property valuations as the city’s housing market weakens, threatening to fuel a downward spiral in prices, according to brokerage CLSA

Corporate Bits | Sands China launches training aimed at preventing discrimination

Sands China Ltd. has launched a new training module on recognising and preventing discrimination and harassment in the workplace in July, with the aim of training all of

Hong Kong dollar could get all shook up as cash pool shrinks

Prepare for even greater swings in the Hong Kong dollar and funding costs in the city, as a shrinking pool of liquidity amplifies moves in interest

MACAU DAILY TIMES