Venezuelan oil too big to fail, at least for China and Russia

Venezuela’s sudden demand to renegotiate its billions in debt could complicate life for its two biggest oil patrons, China and Russia. President Nicolas Maduro caught bondholders off guard last

Billionaire prince among dozens arrested in Saudi sweep

Saudi Arabia has arrested dozens of princes, senior military officers, businessmen and top officials, including a well-known royal billionaire with extensive holdings in Western companies, as part of a

Retail | Ralph Lauren’s retreat from discounting helps bolster profit

Ralph Lauren Corp., the 50-year-old fashion brand known for its preppy style, is making good on its effort to rely less on markdowns - even if

Real Estate Matters | Property Tax And An Uncertain Future? – Part III

Juliet Risdon is a Director of JML Property and a property investor. Having been established in 1994, JML Property offers investment property & homes. It specializes

Games win puts focus on banks’ gay rights push in Hong Kong

Hong Kong’s selection to host the 2022 Gay Games puts the spotlight on calls by Goldman Sachs Group Inc., BlackRock Inc. and other financial institutions for the city

Michelin expands restaurant guides as part of Asian growth push

Michelin, facing fierce competition from lower-cost Chinese tiremakers as it expands in Asia, is counting on a little luxury splash from haute cuisine to boost its

Gaming | Pennsylvania OKs betting online, in airports, at truck stops

Pennsylvania, the United States’ second- largest commercial casino state, is taking an even deeper plunge into gambling and will allow people to bet online, in airports and

HSBC posts higher Q3 profit as Asian pivot pays off

HSBC said yesterday that its profit rose in the third quarter as a sweeping corporate overhaul aimed at winning more business in Asia paid

Google blasts EU’s untried theories in USD2.8b appeal

Google attacked the European Union for basing its record-breaking 2.4 billion-euro (USD2.8 billion) penalty in June against the search-engine giant on untested antitrust theories and ignoring

China change on recyclables could impact Alaska

A policy change in China has officials in the Alaska panhandle city of Sitka anticipating a major change in the city’s recycling program. China is the top purchaser

Corporate Bits | Sheraton Grand Macao and Soda Panda pair up to launch tourist program

The Sheraton Grand Macao Hotel, Cotai Central is pairing up with a talented team of local artists and the creators of the popular Soda Panda character

Ask the Vet | 10 Types of Injuries That Cause Dog Limping

A dog limping does not necessarily mean he is getting up in years. It could be caused by a host of medical problems, ranging from trauma to subtle chronic

Auto Industry | Subaru mulls vehicle recall as Japan inspection scandal widens

Subaru Corp. is considering recalling as many as 255,000 vehicles after a lapse in its inspection process, widening the quality-control scandal that erupted at Nissan Motor Co.

Outlying Taiwan islands reject casinos in referendum vote

Residents of the Kinmen islands, which house Taiwan’s closest military base to China, voted against having casinos in a referendum that echoes the ruling party’s opposition to

Disappearing bank jobs won’t be coming back, Nordea CEO says

The 6,000 job cuts announced last week at Nordea Bank AB are just a down payment for an industry facing radical overhaul, says Chief Executive Officer Casper

Real Estate Matters | Property Tax And An Uncertain Future ? – Part II

This Four-part series of articles is on the highly ‘thrilling’ subject of Land and property Tax. Last week we reviewed the current submission system and it’s

Retail | Hong Kong’s shopping experience is changing

To gauge how much the Hong Kong shopping experience is changing, take a walk through Pacific Place mall. Burberry Group Plc has shrunk its store and the

Corporate bits | Sands launched first fashion week, a celebration of style

Sands Resorts Macao launched its first Sands Macao Fashion Week, hosting six days of fashion programs and promotions. The fashion week included runway and boutique shows created over

Singapore’s OCBC to boost research in rival market HK

Singapore’s second-largest lender has decided that the best place to expand its research is the country’s rival market Hong Kong. Oversea-Chinese Banking Corp. plans to

Visa Q4 profits rise 11 percent, beating analyst forecasts

Visa Inc.’s fiscal fourth-quarter profits rose 11 percent, the company said yesterday, as the company continued to benefit from the purchase and integration of Visa Europe, as

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