Yuan interbank rate surges in HK in sign of intervention

The overnight interbank yuan rate surged the most since January in Hong Kong amid speculation China’s central bank is intervening to fend off bearish bets on the currency. The offshore yuan

Samsung’s Note 7 battery problem expands to China

Samsung’s smartphone problems expanded yesterday to China’s populous market, where the South Korean tech giant was looking into reports two Galaxy Note 7 handsets exploded in a country where it

Corporate bits | Mercedes highlights electric mobility at Paris Motor Show

This year’s Paris Motor Show by Mercedes-Benz is characterized by change: celebrating their world premieres in Hall 5.2 will be the electric drive versions of the new smart fortwo, the

The new globalization is smashing internal borders

Trade agreements are stalled or collapsing. Brexit won. World trade volume is slowing down. Has globalization hit a wall? Not exactly. Globalization isn’t so much slowing as it is taking new

MGM National Harbor to feature Bob Dylan exhibition

Guests visiting MGM National Harbor will be ushered into the USD1.3 billion resort casino through “Portal,” a sculpted iron archway designed by legendary folk artist Bob Dylan, when it opens

Chevron said to narrow bids for USD3b Asian geothermal sale

China General Nuclear Power Corp., the country’s biggest nuclear power operator, has been invited to make a second-round bid for Chevron Corp.’s Asian geothermal energy assets, which could fetch USD3

Real Estate Matters | The Definitive Guide For Tenants: Part 1 – Finding a Property

The Yearly Guide For Renting A Home In this ‘Guide For Tenants’ series over the next 5 weeks we will cover: Part 1 - Finding a Property Finding

Singapore high-rise office rents decline 7 percent

Singapore landlords are paying the penalty for a slowing economy. Alone among the world’s major cities, the cost of renting an office with panoramic views is falling as supply outstrips demand. Annual

Briefs | Adega de Pegões tops ‘Muscats du Monde’

Hong Kong stocks ended a volatile week on a brighter note as casino shares surged and Cheung Kong Property Holdings Ltd. climbed after buying land. The Hang Seng Index rose as much

Bayer clinches Monsanto deal for USD66b with fourth bid

Bayer AG agreed to buy  Monsanto Co. in a deal valued at USD66 billion, winding up four months of talks to create the world’s biggest supplier of seeds and pesticides. Bayer will

VW gets flood of German suits on eve of imaginary deadline

Volkswagen AG investors are preparing to flood a German court with more lawsuits over the carmaker’s emissions scandal to meet a deadline that lawyers say may be imaginary. The Braunschweig Regional

Sony promises VR music video, other entertainment content

Sony Corp.’s video game division is readying not just games but also music, movies and other kinds of entertainment for its Virtual Reality headgear, set to go on sale next

Samsung’s quick fix for Note 7 is no full recharge

Samsung plans to issue a software update for its recalled Galaxy Note 7 smartphones that will prevent them from overheating by limiting battery recharges to under 60 percent. The front page

Ikea targets China, India expansion to meet sales growth aim

Ikea Group laid out plans to accelerate its expansion in China and open its first store in India as the world’s largest furniture retailer seeks to boost sales by almost 50 percent over

France to bid adieu to plastic dishes with controversial ban

France’s latest efforts to reduce pollution will also affect nature lovers hitting the countryside for an outdoor meal: Under a controversial new ban, picnickers won’t be able to buy plastic

Samsung scion ‘Jay Y.’ to join board as Note 7 crisis worsens

Samsung Electronics Co. heir apparent Lee Jae Yong has been nominated to the board, teeing him up for a bigger role as South Korea’s largest company struggles with a widening

HP buying Samsung Electronics’ printer business for USD1.05b

HP is buying Samsung Electronics Co.’s printer business in a transaction worth USD1.05 billion. HP Inc. said yesterday that it is the largest print acquisition in the company’s history and will help it

Corporate bits | CEM to hold 4th solar car race

Companhia de Electricidade de Macau (CEM) will hold the 4th annual edition of its “Solar and Capacitance Model Car Races” competition at Coloane Power Station, with the goal of teaching

Corporate Bits | Complementary Mooncakes on Cotai Water Jet

To celebrate the Mid-Autumn Festival this year, Cotai Water Jet is adding complementary mooncakes to meal boxes for passengers traveling between September 12 and 15. Additionally, the company is set to

Samsung Note 7 users urged to turn phones off due to fire risk

Users of Samsung Electronics Co.’s troubled Note 7 smartphones in the U.S. and South Korea were urged to immediately turn off and stop charging them, while aviation authorities around the

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