Smartphone effect casts a shadow over Asia’s bumper export year

The rush to upgrade smartphones may be ebbing, prompting economists to dial back the outlook for Asian exporters. Early indications, including signs of disappointing orders, point to a

Hong Kong’s airport needs USD8.8b debt for third runway

Construction workers have already started the work toward filling in part of the South China Sea to make room for Hong Kong airport’s third runway.

Alstom, Siemens forget high-speed-rail feud amid Asian onslaught

Alstom SA’s merger with the train-making arm of Siemens AG will mark the end of a bitter rivalry as the European rail industry’s biggest adversaries unite in

Singapore home prices have bottomed, Hong Kong ‘crazy,’ BNP says

Singapore home prices have reached a bottom and will rebound, while Hong Kong’s “crazy” housing market will continue to defy gravity, according to BNP Paribas SA.

China postpones food import controls after global outcry

China has delayed enforcing sweeping new controls on food imports following complaints by the United States, Europe and other trading partners that they would disrupt billions

Alibaba takes control of loss-making delivery business

Alibaba Group Holding will buy control of unprofitable delivery business Cainiao for 5.3 billion yuan (USD800 million) and spend billions of dollars more to expand a shipping

Nestle plans USD10 billion revamp as activist Loeb takes aim

Nestle SA plans to switch in or out of businesses with combined sales of almost 10 billion francs (USD10 billion) as Chief Executive Officer Mark Schneider

Chinese developers plunge as officials tighten housing curbs

Chinese property stocks plunged in Hong Kong after a raft of mainland cities added housing curbs, wrong footing investors betting that the government’s next step would be

Australian banks to scrap cash machine charges for all customers

Australia’s four largest banks have scrapped cash withdrawal charges for all users, as the banking industry tries to salvage its reputation after a series of scandals.

Uber regroups after London taxi setback as Lyft signals interest

Uber Technologies Inc. is prepared to make concessions to restore its revoked London taxi license, the Sunday Times reported, two days after the ride service said it would fight

Corporate bits | MGM steps up typhoon recovery efforts with disaster-management training

MGM has donated funds and offered volunteer support for the Macau community following Typhoon Hato last month. Now it is also sponsoring the training of disaster-management specialists in

The Buzz | Amazon deepens its push into India

Amazon.com Inc. is set to buy a 5 percent stake in Indian retailer Shoppers Stop Ltd., as the U.S. company steps up efforts to gain ground in the

The ATM at 50: How it’s changed consumer behavior

An automated teller machine. The cash machine. In Britain, a cashpoint. ATMs, known for spitting out USD20 bills (and imposing fees if you pick the wrong one),

Real Estate Matters | Some Interesting Facts About Macau Property

1. THE LAW ON SECURITY DEPOSITS The usual security deposit (or ‘bond’ as it is sometimes called) in Macau is an amount equivalent to 2 months

Google buys HTC’s Pixel team in USD1.1b bet on devices

Google is biting off a big piece of device manufacturer HTC for USD1.1 billion to expand its efforts to build phones, speakers and other gadgets equipped with

Las Vegas officials waiting for Denver to act on pot lounges

Officials with authority over the Las Vegas Strip on Tuesday decided to wait until the city of Denver approves the nation’s first marijuana club before they further

Hitachi Metals claims Chinese companies stole trade secrets

Hitachi Metals Ltd. filed a complaint with a U.S. trade commission Tuesday, claiming Chinese manufacturers stole secret processes for making amorphous metal ribbon that’s lighter and

MGM Resorts announces plans for new Connecticut casino

MGM Resorts International revealed plans on Monday for a USD675 million waterfront casino in Connecticut’s largest city, the latest salvo in a competition with two Native American

Toys ‘R’ Us seeks bankruptcy, crushed by debt and online rivals

Toys “R” Us Inc., the once-dominant specialty retailer and ultimate toyland for a generation of post-war baby boomers, filed for bankruptcy thanks to a crushing debt load

Corporate bits | Sands China continues its assistance to associations following Hato

In the aftermath of the recent typhoons, Sands China Ltd. is continuing its aid to local non-government organizations, by assisting Caritas Macau, Macau Special Olympics (MSO), and the

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