Angola among the countries that can benefit most from the internationalization of the renminbi

The currency of China has been attracting African countries, especially after its inclusion among the benchmark currencies of the International Monetary Fund (IMF), with Angola considered one of the countries

Real Estate | Sun, sand and stir-fry? Miami woos Chinese for property

Miami has a Little Havana and Little Haiti, a neighborhood known as Westonzuela and even the Venetian Islands. What it doesn’t have is a Chinatown. Shan-Jie Li wants to do something

Corporate bits | sStudents complete summer training program at CEM

The Closing Ceremony of Summer Training Program 2016 undertaken by students from the University of Macau (UM) in the Companhia de Electricidade de Macau - CEM, S.A. (CEM) was held

Singapore millionaire, 77, joins bondholders in workouts

Jerry Tan, a 77-year-old retired Singaporean businessman, was among dozens of bondholders in the city who joined forces last week to submit their demands as more companies seek to restructure

LVMH to add Rimowa suitcases in USD716m German foray

LVMH Moet Hennessy Louis Vuitton SE agreed to take over suitcase maker Rimowa for 640 million euros (USD716 million) and will put Alexandre Arnault in charge of the group’s first German

Corporate bits | Mastercard and Sands announce retail loyalty partnership

Mastercard and Sands Shoppes at Cotai Strip have established a new and exclusive partnership to reward retail customers visiting Sands properties in Macau, according to statement from the gaming operator. When

Trump had USD916m loss in ’95, cutting taxes, NYT says

Donald Trump was facing renewed pressure to release his personal tax information after a New York Times report that he recorded a USD916 million loss on his 1995 income tax

Singapore home prices slide by most in more than 7 years

Singapore home prices dropped by the most in more than seven years as developers offered discounts amid signals from the government that it won’t roll back property curbs initiated in

Up 7.4pct: Macau gaming revenue growth beats estimates as new resorts open in Cotai

Macau’s gaming revenue swelled more than estimated in September, with new casino projects from the local units of Las Vegas Sands Corp. and Wynn Resorts Ltd. helping draw recreational gamblers. Gross

Real Estate Matters | The Definitive Guide For Tenants Part 3 – Moving In: The Yearly Guide For Renting A Home

Hopefully you read last week’s article about securing an apartment. Once you have paid the deposits, fees and rental as outlined in last weeks article, the process of moving in should

Billion-dollar business | Prosecutors work on global sex trafficking cases in Hawaii

Prosecutors are calling the scourge of sex trafficking a form of modern-day slavery that touches every state in the nation, and they’re working to draw connections between active investigations around

BlackBerry stops making smartphones to focus on software service

BlackBerry Ltd. will stop making smartphones, handing over production to overseas partners while it turns its full attention to its more profitable and growing software business. Investors applauded the move,

Corporate Bits | Marriott and Starwood merge loyalty programs

After Marriott’s acquisition of Starwood Hotels & Resorts earlier this month, the company is now in a position to flaunt an expanded portfolio of 30 “leading hotel brands”, according to

Gaming | Caesars deal boosts Appaloosa after Apollo, TPG give ground

The long and often ugly battle over the fate of Caesars Entertainment Corp. may finally be nearing an end. After more than two years of contentious legal disputes, Apollo Global Management LLC

Corporate Bits | MGM holds recruitment fair for Cotai property

MGM plans to roll out a series of Mass Recruitment Fairs for local talent from now until the grand opening of MGM Cotai (scheduled for Q2 of 2017), including specific

Air France workers on trial over ripping off bosses’ shirts

Fifteen current and former Air France workers went on trial yesterday for alleged violence during a union protest last year at the airline’s headquarters that saw two company executives flee

‘Dramatic slowing’ seen in global trade, as rhetoric rises

The World Trade Organization dramatically slashed its forecast for trade growth this year by about a third to its lowest rate since 2009, when the global economy was mired in

Corporate bits | New Sands China CFO from September 29

The Times has learnt that the current finance director of Hong Kong’s MTR Corporation, Stephen Law, is set to join Sands China as chief financial officer from September 29. Law earned

Dubai airport plans more gates

Dubai Airports is boosting the number of specialized facilities to handle Airbus A380 planes at the Middle East’s busiest airport as hometown carrier Emirates grows its fleet of the double-decker aircraft. The government-backed

Jack Ma’s Ant Financial expects to rack up a Singles’ Day record

Ant Financial, the Chinese payments giant controlled by billionaire Jack Ma, expects this year’s Singles’ Day shopping extravaganza to top 2015’s roughly USD14 billion as domestic consumption remains resilient despite an economic slowdown. The online

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