Angolan banks appeal for bailout

Angolan banks are appealing to the government to help put together a bailout package to protect account holders as lenders reel from low oil prices that make

Samsung says batteries caused Note 7 fires, delays new phone

Samsung Electronics says flaws in the design and production of batteries used in its Galaxy Note 7 smartphone, not its hardware or software, made it prone to

Corporate bits | Sands Resorts presents 3d light shows for CNY

Sands Resorts Macao welcomed the Year of the Rooster in an opening ceremony on Friday to usher in the New Year and launch the all new seasonal

Gaming | Lengthening odds for Australian casinos’ VIP gamble

Glass-fronted skyscrapers, super yachts and shopping precincts bustling with wealthy tourists - this is the vision for Australia’s latest A$3bn (USD2.3b) casino resort. “The project includes five- and six-star hotels, theatres, a

Samsung said to blame Note 7 fiasco on irregularly sized battery

Samsung Electronics Co. will reveal today that irregularly sized batteries made by an affiliate caused the overheating and fires that eventually forced the cessation of its Note

ASK THE VET | Cat Injury Treatments

A cat injury could be either mild or more severe as in traumatic injuries. It›s important to know a few first aid procedures to perform in the case

Cathay declines after carrier gives scant details on revamp

Cathay Pacific Airways Ltd. shares dropped the most in three months after the carrier’s planned business revamp fell short on details, failing to soothe investor concerns

Chow Tai Fook reaches for young Chinese

Chow Tai Fook Jewellery Group Ltd. is targeting young shoppers in mainland China with a new chain of lower-priced stores, as the world’s largest jeweler tries

Corporate bits | The 13 hotel commissions two gold-plated Rolls-Royce Phantoms

Two bespoke, gold-plated vehicles will become the flagship cars of the 30 collection of Rolls-Royce Phantoms, commissioned by luxury entrepreneur Stephen Hung, Joint Chairman of The 13

Business group | China preparing to retaliate on trade

China is preparing to retaliate if U.S. President-elect Donald Trump raises duties on Chinese goods and already has toughened its stance, an American business group

Corporate bits | Melco Crown announces bonus payout for non-management employees

Melco Crown Entertainment Limited announced a one-month discretionary bonus for its non-management workers. The bonus will be paid out before the Chinese New Year. “Through the

British American Tobacco agrees to take over Reynolds

British American Tobacco Plc has agreed to fully take over Reynolds American Inc. in a deal that will create the world’s largest publicly traded tobacco company.

Rolls to pay USD807m to end UK, US bribery probes

Rolls-Royce Holdings Plc agreed to pay about 670 million pounds (USD807 million) to resolve long-running U.S. and U.K. investigations into allegations its representatives bribed foreign officials

Corporate bits | MGM announces discretionary bonus

MGM China has announced a discretionary bonus to eligible recipients in non-managerial positions, in recognition of the “dedication and commitment” of its employees in the territory. The

The Buzz | Baidu hires Microsoft expert in artificial intelligence push

Baidu Inc., which operates China’s most popular Internet search engine, said yesterday it has hired a former Microsoft executive and artificial intelligence specialist to improve its competitiveness in

S. Korea prosecutor seeks arrest of Samsung’s Jay Y. Lee

Prosecutors are seeking a warrant to arrest Samsung Group’s Jay Y. Lee for allegations including bribery and embezzlement, a stunning turn for the scion of South Korea’s richest family

Gaming | Nevada casinos turn profit in fiscal 2016; first since 2008

Nevada’s biggest casinos combined to turn a profit in fiscal 2016 for the first time in eight years, but it wasn’t due to gambling winnings, according to

Corporate bits | Sands China holds spring-cleaning

The Sands China Care Ambassador program sent a group of over 70 volunteers to Seac Pai Van public housing in Coloane Sunday morning, where they spent time

Boeing loosens Airbus’s India grip with USD22 billion SpiceJet win

Boeing Co. won a USD22 billion deal from budget carrier SpiceJet Ltd., notching the plane maker’s largest-ever order from an Indian airline and strengthening its hold

Wanda posts first sales decline in at least 11 Years

Dalian Wanda Group Co.’s revenue fell for the first time in at least 11 years after a slump in its property business outweighed growth from entertainment

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