Ferrari roars back in China as rich snub Xi’s austerity push

Four years after China’s President Xi Jinping started cracking down on corruption and conspicuous consumption, the most extravagant fast cars are making a comeback. Chinese

Tax increase yields USD4.6m for Vegas stadium in first month 

Taxpayers contributed more than $4.6 million for an NFL stadium in Las Vegas in the first month that a new increase on area hotel taxes went into effect— ahead

The Buzz | Emirates trims US flights after Trump administration curbs

The Middle East’s biggest airline says it is reducing flights to the United States because of a drop in demand caused by tougher U.S. security measures and attempts

China to relax trading of used cars to spur new vehicle demand

China will take further steps to relax trading of used cars in an effort to encourage existing owners to sell their old vehicles and buy new

Business group | China backtracking on market opening

An American business group says China’s push to develop its own technology and other industries has “narrowed the space” for foreign companies to compete in its market. In a report

Corporate bits | Sands China holds activity for MSO

On Friday, 50 Sands China Care Ambassadors invited 50 members of the Macau Special Olympics (MSO) to a carnival held at Paradise Gardens at Sands Cotai Central.

Tokyo’s skyline set to see 45 new skyscrapers by 2020 Olympics

Tokyo’s skyline is set to welcome 45 new skyscrapers by the time city hosts the Olympics in 2020, as a surge of buildings planned in the early years

Moutai aims for 2017 sales growth of 15 percent

China’s Kweichow Moutai Co., the world’s most valuable liquor distiller, said it aims to boost revenue by more than 15 percent this year as it benefits from Chinese

Analysis | Retail Prada needs to work it before any recovery’s guaranteed

After the excitement of LVMH Moet Hennessy Louis Vuitton SE's forecast-busting performance, luxury has come down to earth with a bump. Prada SpA last week unveiled its lowest

China car dilemma: Beijing wants electric, buyers want SUVs 

Automakers face a dilemma in China's huge but crowded market: Regulators are pushing them to sell electric cars, but buyers want gas-guzzling SUVs. The industry is rattled by Beijing's proposal to

Real Estate Matters | Clarifying costs for buyers – Part II

Investing in a property involves not only the purchase price of the property itself, but also the associated costs of the purchase. In this three-part series, we

Trade | Brazil may lose up to USD1.5 billion in meat exports on probe

Brazilian meat companies may lose as much as USD1.5 billion in exports this year after a corruption scandal that raised concerns on product quality led several

30th anniversary | McDonald’s Macau plans to add three stores this year

McDonald’s Macau marked its 30th anniversary yesterday, launching a “McDonald’s Macau 30th Anniversary Memories Playland” at the Science Center to celebrate with the local community. Open to the

Starbucks extends China health coverage to workers’ parents

Starbucks Corp. will provide Chinese workers with health insurance that extends coverage to their parents, a unique offering by the coffeehouse chain that may be used

Chinese auto sales weaken sharply in March after tax rise

Growth in China’s auto sales plunged in March as demand for SUVs weakened and purchases of sedans contracted, an industry group reported yesterday. Sales of cars,

Corporate bits | Conrad Macao celebrates 5th anniversary

Conrad Macao, Cotai Central marked its fifth anniversary yesterday by launching a limited edition of Conrad Macao’s bespoke Bear and Duck in glossy black. Guests

Gaming Alert | Vice stocks are back on top as anti-graft impact fades

Industries that suffered under President Xi Jinping’s anti-corruption campaign are thriving again. Shares of Macau casino operators have clawed their way back to the highest level since

Corporate bits | the roadhouse macau donates mop51,000 to artm

The Roadhouse Macau restaurant at Broadway, Galaxy Macau auctioned off a Bruce Lee portrait by Irish artist, Barry Jazz Finnegan, with the proceeds of MOP51,000 going to the

Markets Wrap| Dollar rises, treasuries retreat as stocks slip

U.S. stocks ended a volatile session lower, while the dollar advanced with Treasury yields as investors looked past a U.S. military strike in Syria and

Insider Trading | Phil Mickelson’s gambler pal convicted: ‘I’m in total shock’

A Las Vegas gambler linked to golfer Phil Mickelson saw the jury verdict convicting him of insider trading charges as only a gambler could. “I just

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