HSBC reports higher profit, plans USD2b more in share buybacks

HSBC said yesterday it plans to buy back another USD2 billion in shares after reporting a strong set of quarterly profits thanks to higher interest rates

Discovery and Scripps seek to tie up in USD12b TV deal

Discovery Communications will buy Scripps Networks for close to USD12 billion, tying together two powerful stables of TV shows ranging from Animal Planet to the Food Network.

India is said to block Fosun’s USD1.3b gland purchase

India is poised to reject Shanghai Fosun Pharmaceutical Group Co.’s proposed USD1.3 billion takeover of an Indian drugmaker, according to people familiar with the matter,

Starbucks suffers worst rout in two years

Starbucks Corp. suffered its biggest stock decline in almost two years after cutting its forecast, renewing fears about sputtering growth at the world’s largest coffee chain. The shares dropped

Taiwan economy grows less than forecast as investment slides

Taiwan’s economy expanded less than economists estimated in the second quarter, as companies cut capital investment and exports eased. Highlights of GDP report Gross domestic product

Air France-KLM profits up amid high traffic, cost cuts

Air France-KLM has announced a jump in profits as it expands its global alliances and readies to launch a new budget airline. While the carrier appears

Corporate bits | Sands China receives top honors at marketing events awards

Sands China Limited received 10 awards at the Marketing Events Awards 2017 North Asia for the Parisian Macao’s Grand Opening last year. Sands China Limited won

Real Estate Matters | The most important questions to ask… when you are a landlord renting out a property

If you have not seen the earlier articles on this subject, here is a brief introduction to the series. Of course you can find the articles online

Why Twitter won’t ban President Donald Trump

Twitter has made it clear that it won’t ban Donald Trump from its service, whether the president follows its rules against harassment or not. That’s

Amazon reaches for millions in Southeast Asia’s cyberspace

Amazon is introducing express delivery to Singapore in its first direct effort to tap into surging online shopping in fast-growing Southeast Asia. The American e-commerce

UniCredit says 400,000 accounts were hacked, exposing data

UniCredit SpA said hackers accessed about 400,000 client bank accounts in Italy, taking biographical and loan data in one of the biggest breaches in Europe to date. The

Hyundai Motor’s profit halved to lowest level since 2010

Hyundai Motor said yesterday its quarterly profit was halved to its lowest level since 2010 as its auto sales in China and the U.S. plunged as the South

Corporate bits | MGM receives award from DSAL and IAS

MGM was awarded at the biennial “Hiring Disabled Staff Recognition Scheme,” organized by the Labor Affairs Bureau (DSAL) and the Social Welfare Bureau (IAS) for the fifth time.

Future of Airbus superjumbo said to hinge on Emirates order

Airbus SE is working on vital sales campaigns aimed at extending the life of its flagship A380 superjumbo, with outgoing marketing chief John Leahy seeking to

China’s newest stock connect sees foreigners beating index

Foreign investors have proved to be good stock pickers so far when it comes to their newest entry channel for Chinese stocks, but things may get rougher the rest

Corporate bits | Jacky Cheung adds sixth concert at the Venetian Macao

Hong Kong singer and actor, Jacky Cheung, will add a sixth show to his “Suncity Group Presents: A Classic Tour Jacky Cheung World Tour Macau” at The Venetian

Corporate bits | Boutique SPA at the Parisian Macao given award

The Parisian Macao’s luxury boutique spa, Le ‘SPA’tique’ triumphed in the ‘Luxury Emerging Spa’ Country Category at the 2017 World Luxury Spa Awards. A public ballot was held

WeWork said in talks to rent in HK’s bar district

WeWork Cos., the co-working space company that’s among the world’s most valuable startups, is in advanced talks to rent a building in Hong Kong’s popular nightlife

Southeast Asian ride-hailing app Grab raises USD2.5b

Japan’s Softbank and China’s top ride- hailing firm Didi Chuxing are pouring USD2 billion into the latest round of financing by cash-hungry Southeast Asian taxi app

Chinese banks halt lending to HNA Group

Several Chinese banks that helped fund HNA Group Co.’s global acquisition spree are losing their appetite for financing the company, according to people familiar with the matter.

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