Briefs | Ferrari profit jumps

Ferrari NV’s first-quarter profit jumped 36 percent as the Italian supercar maker benefited from demand for its priciest models, including the $2.1 million LaFerrari Aperta convertible and

Remote betting lifts money laundering risk at Manila casinos

In a VIP room reserved for high-spending gamblers at City of Dreams Manila casino in the Philippine capital, many of the players are nowhere to be seen.

Big conventions return, Vegas is on a winning streak

After the recession hit, companies and tourists shunned the country’s largest gambling hub. Now Las Vegas is on a winning streak. MGM Resorts International’s stock surged

Alitalia starts bankruptcy proceedings

Alitalia SpA started bankruptcy proceedings for the second time in a decade, throwing the survival of Italy’s flag carrier in doubt after workers rejected job cuts and

Guangzhou Rural Bank said to seek IPO approval

Guangzhou Rural Commercial Bank Co. plans to seek approval from the Hong Kong stock exchange this week for an initial public offering, according to people with knowledge

Corporate bits | City of Dreams launches “travel without limits” campaign

Pedestrians walk past an entrance for the City of Dreams complex, operated by Melco Crown Entertainment Ltd., in Macau, China, on Saturday, Aug. 29, 2015. Macau is scheduled to

China’s Didi raises over USD5.5b in record tech funding

Ride-hailing giant Didi Chuxing raised more than USD5.5 billion from investors, scoring the largest round of funding ever for a technology company to bankroll an expansion

Swiss watchmaker Breitling agrees to sell to CVC

CVC Capital Partners has agreed to buy Breitling, the Swiss watchmaker known for aviation-themed timepieces worn by actor John Travolta, in a deal said to be

Corporate bits | Thriller live returns to the Parisian

Thriller Live, a theatrical concert that commemorates one of the world’s greatest entertainers, Michael Jackson, returned to The Parisian Theatre last Friday. Following its successful run

Ask the Vet | Common questions about queening and breeding cats

Breeding cats can be a wonderful experience. However, unless you are prepared to learn how to take care of a breeding cat and have homes for all the kittens,

Corporate bits | Wynn holds leadership program graduation ceremony

  Gaming operator Wynn recently organized a graduation ceremony for the first batch of employees who successfully completed the “Leadership Acceleration Program-Gaming,” launched in 2016. The ceremony also aimed

Real Estate Matters | The Best Places to Live in Macau – 2017 – Part I

“Where is the best place to live?” is a question we are often asked by people new to Macau and hunting for a home, so every year for

Retail | Hermes confirms luxury rebound with strong gains in Asia

Hermes International SCA reported quarterly sales that beat estimates as the brand’s new production sites maintained faster output of Birkin bags and other leather goods

Corporate bits | SJM inaugurates Jai Alai Avenue

Jai Alai Avenue was inaugurated on Monday at the Jai Alai Complex, showcasing over 60 famous cosmetics and fragrance brands. At its 30,000 square foot sight,

Innovation | BMW invokes fear factor to rally staff in pivot to electrics

Inside a bright auditorium at an abandoned airfield near Munich, rows of men and women gaze at images flashing by on a giant screen: a

Lotte regrouping to holding company to move past family feud

Lotte Group plans to divide four of its key businesses into operating and holding units in a move that will slash the number of cross shareholdings and extend its

Corporate bits | CEM hosts ‘power elites’ second visit

CEM Macau launched the “Power Elites” Training Program last September. The program attracted over 50 Form 1 and Form 2 students from 12 secondary schools to participate.

Briefs | FCA, Google begin offering rides in self-driving cars

Fiat Chrysler and Google for the first time will offer rides to the public in the self-driving automobiles they are building under an expanding partnership. The companies

LVMH to consolidate hold on Dior in multibillion-euro deal

The French magnate behind LVMH moved to incorporate Christian Dior into his luxury goods empire in a 12 billion-euro (USD13 billion) deal. It’s the latest business coup

China to relax foreign car venture limit in orderly manner

China has provided the clearest indication to date that it plans to lift the cap on how much foreign carmakers can own of their local joint

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