Casino company: Boat that caught fire had no past problems

A casino company said yesterday it never had a problem with the shuttle boat that burst into flames off Florida’s Gulf Coast, leading to the death of

Corporate Bits | Sheraton announces CNY festive menu

Sheraton Grand Macao Hotel, Cotai Central is presenting a variety of dining offers to celebrate the Year of the Dog, where guests can take their pick

Gaming | Atlantic City casino revenue rose in 2017 for second year

In 2017, it was a very good year — for Atlantic City’s casinos. They saw their gambling revenue increase for the second year in a row

Bundesbank says yuan to be included in currency reserves

Germany’s central bank has decided to include the Chinese yuan in its own reserves, in a further boost to the international status of the currency. Speaking at an

Alibaba’s AI outgunned humans in key Stanford reading test

Alibaba has developed an artificial intelligence model that scored better than humans in a Stanford University reading and comprehension test. Alibaba Group Holding Ltd.

Porsche ordered to reveal who knew what about VW diesel scam

Porsche SE’s board was ordered by a German court to answer critical shareholder questions about what management at Volkswagen AG and the carmaker’s majority investor

China’s top movie ticketing app said to plan USD1 billion IPO

Maoyan Weying, China’s biggest online movie ticketing platform, is planning a Hong Kong initial public offering that could raise about USD1 billion, people with knowledge

Real Estate Matters | The 4 ways to make money in real estate

Cash Flow The cash flow of the property indicates how much money is going into the property and how much is coming out of it at

Hong Kong | Property awash in cash shielded from rates: HSBC

Don’t expect interest rates to spike anytime soon in Hong Kong, where abundant liquidity has fueled spectacular rallies in the stock and property markets. That’s according

Huawei wins China patent lawsuit against rival Samsung

Chinese tech giant Huawei won a patent infringement lawsuit against South Korea smartphone rival Samsung yesterday, according to information released by a Chinese court. The court

Report buying of US debt might stop is ‘fake news’

China’s foreign exchange regulator yesterday challenged a report it might slow or stop purchases of U.S. Treasury debt due to trade tensions with Washington as “fake news.”

Top car technology trends from CES 2018

Artificial intelligence that controls your infotainment screen. A vehicle that can read your brain. Cars that can see around blind corners. These are some of the

China’s car boom puts Volvo owner on track to double profit

The Chinese owner of Volvo Car said full-year profit at its local automaking unit probably doubled, topping analysts’ estimates and allowing billionaire founder Li Shufu to turn

Richest Asian banker plans a family office but spurns crypto

The family of Uday Kotak, billionaire managing director of Kotak Mahindra Bank Ltd., is setting up an office to invest in assets including private equity, stocks and

Corporate Bits | Mandopop singers to perform at the Venetian

Taiwanese singer Qing Shan and female performer Poon Sow Keng will bring their “Songs of Yesteryear Part 3 - Qing Shan & Poon Sow Keng” concert to The Venetian Macao

Jack Ma debt giant grinds to halt as China curbs micro-loans

After selling billions of dollars of debt backed by consumer loans last year, Chinese billionaire Jack Ma’s Ant Financial is pausing such fundraising as the

Aston Martin is said to seek USD6.8b value in IPO talks

Aton Martin is targeting a valuation of as much as 5 billion pounds (USD6.8 billion) in a potential initial public offering of the British sports

Corporate Bits | Adelson family foundation donates nearly USD2 million to USJ

The Adelson Family Foundation presented a ceremonial cheque of more than USD1.9 million (approximately MOP15.4 million) yesterday to the University of Saint Joseph (USJ)  to

Chinese airline shares jump after State rules on fares eased

Chinese airline shares surged after the government gave airlines more freedom to set fares for domestic flights, easing state control over prices. China removed

Euro-area economic confidence soars to nearly two-decade high

Confidence in the euro area continued its advance at the end of 2017, capping what was probably the strongest year for the economy in a

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