VW to raise Chinese capacity to more than 4m cars

Volkswagen will expand carmaking in China more than planned as the German manufacturer tries to keep pace with growth in its largest market. Volkswagen will raise its Chinese plant capacity to

Corporate Bits | Revel to use new name under Brookfield ownership

The bankruptcy court in Camden, New Jersey, approved a USD110 million sale to Brookfield on Oct. 7. The sale has yet to be completed, Revel said in a court filing. In

Toyota to start sales of hydrogen-powered car next month 

There will only be a few hundred, and they won’t be cheap, but Toyota is about to take its first small step into the unproven market for emissions-free, hydrogen-powered vehicles. The

Corporate Bits | Shell V-Power Nitro+ launched officially in Macau

Shell V-Power Nitro+ is one of the many technical projects that Shell collaborates on with Ferrari, and has gone through Formula One testing conditions to produce a fuel that resembles

Hong Kong-Shanghai stock link makes lopsided debut

International investors plowed money into Shanghai’s stock market, maxing out their daily limit, in the debut yesterday of a landmark trading link that gives outsiders wider access to mainland China’s main stock

France, a tax haven? Yes, for Microsoft to China’s Huawei

Companies from Microsoft Corp. to China’s Huawei Technologies Co. scouring Europe for fiscally attractive shores are turning to an unlikely country: France. As a base for research and development teams, that

Corporate Bits | Dozens of awards to date for Sands China in 2014

“Sands China aims to create unforgettable experiences for business, leisure and family travellers at our integrated resorts,” said Gunther Hatt, Executive Vice President of Operations, Sands China Ltd. “The honors

‘Haunted apartments’ go for cheap in Hong Kong

Unnatural deaths typically result in rental discounts of 10 percent to 20 percent and can be more than double that for sinister killings, according to Sammy Po, head of the

Corporate Bits: First Macau bath & body works store in opens at Venetian

Bath & Body Works, a North American brand, offers a variety of fragrances from body to home, and is America’s favorite fragrance brand. The brand operates almost 1,600 stores in

Judge sticks to BP gross negligence ruling

A federal judge in New Orleans stuck to his ruling that said BP's conduct in the 2010 Gulf of Mexico oil rig disaster amounted to "gross negligence." U.S. District Judge Carl

Obama to pledge USD3b for climate change fund

President Barack Obama will pledge USD3 billion to a United Nations climate-change fund that’s intended to help poor nations boost renewable energy and counter the ill effects of global warming. The

Real Estate Matters | The Best Places to Live in Macau (Part 2)

Juliet Risdon is a Director of JML Property and a property investor. Having established the company in 1994, JML Property offers Investment Property & Homes. It specializes in managing properties

PROJECT POKER: Bouncing from Barcelona to Macau

I spent most of September at home, playing the WCOOP and chilling after EPT Barcelona. Barcelona was great. They always seem to draw bigger fields year after year there, and this

WeChat struggles to lure new users amid WhatsApp rivalry

The messaging application, which took China by storm, posted its slowest active user growth on record as it struggles to attract new customers in Western countries. Shenzhen-based Tencent is cutting

Hong Kong scraps yuan-conversion limit as stock link begins

Hong Kong is scrapping a daily limit on the amount of yuan residents can buy, helping reinforce its dominance as an offshore trading center for Chinese assets as Shanghai’s stock

Regulators fine global banks in currency probe 

The U.S. Commodity Futures Trading Commission, the U.K. Financial Conduct Authority and the Swiss Financial Market Supervisory Authority said yesterday that Citibank, JPMorgan Chase Bank, Royal Bank of Scotland, HSBC Bank and UBS had

Corporate Bits | Local musicians create new song inspired by Venetian boxing events

A group of fans and onlookers gathered yesterday to enjoy the debut of the music video and were treated to a live performance of the song by Lo, Jorge and

Alibaba goes global, Singles Day sales top USD5.9b

Those companies, along with Costco Wholesale Corp., Origins Natural Resources Inc. and American Eagle Outfitters Inc., were participating in yesterday’s event for the first time. Alibaba said it sold more

Corporate Bits | 4th Macau Auto Show ends successfully

The Fourth China (Macau) International Automobile Exposition was held at The Venetian’s Cotai Expo from November 7-9. This year’s event was co-hosted by the Macau Convention & Exhibition Association, Nam Kwong

Hong Kong-Shanghai stock link gets green light

In a joint statement, the China Securities Regulatory Commission and Hong Kong’s Securities and Futures Commission said trading via the long-awaited Shanghai-Hong Kong Stock Connect link would start on Nov. 17. Approval had

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