Consumer Appliances | China’s Midea tries to calm fears on bid for Germany’s Kuka

Chinese appliance maker Midea promised yesterday that German industrial robot maker Kuka will remain independent, seeking to allay fears about its takeover bid for the company. In a document outlining the

Packer to spin off assets including Melco stake

Crown Resorts Ltd. will spin off its international investments, including a USD2 billion stake in Macau casino operator Melco Crown Entertainment Ltd., as controlling shareholder James Packer seeks to shield

Corporate Bits | Sands presents the Parisian’s opening at expos

Sands Resorts Cotai Strip Macau is set to showcase The Parisian Macao and its world-class facilities and entertainment offerings at Asia’s long established and Hong Kong’s only travel fair respectively

Uber’s Chinese rival said to close funding at USD28b value

Didi Chuxing has raised USD4.5 billion in a round of funding that values it at close to $28 billion, according to people familiar with the situation, giving China’s leading ride-sharing

China’s wealthy switch to Nike and Adidas for inconspicuous consumption

For Beijing resident Alex He, the cost of a trip to the mall can easily top USD3,000. He, 29, works in the finance industry and while he doesn’t regularly go

Corporate Bits | Sands invites local ngos in support of happy family month 2016

Sands China Ltd recently invited four local NGOs to its properties to promote event information in support of the Social Welfare Bureau’s Happy Family Month 2016. Between May 26 and June

IPO shelved, Lotte talks up duty-free business as probes widen

Lotte Group, South Korea’s fifth-­largest family-run conglomerate, is under growing pressure to bolster its duty-free shopping business after shelving one of the year’s biggest initial public offerings in the midst

OPEC sees global oil market balancing toward the end of 2016

OPEC predicted that the global oil market will be more balanced in the second half of this year as demand rises and rival supplies falter, echoing views expressed by ministers

Analysis | Utilities suffer fear and loathing in Las Vegas

Contrary to what was slurred into your ear that one time, what happens in Vegas doesn’t always stay in Vegas. Which brings us, of course, to utilities. These traditional refuges of widows

Citigroup sues AT&T over right to say ‘thanks’ to customers

Thanking loyal customers for their business may seem uncontroversial, but Citigroup Inc. has something to say about how exactly you do it. The bank sued AT&T Inc. on Friday over the

Mercedes-Benz to start selling plug-in fuel cell SUV next year

Mercedes-Benz will start selling a fuel-cell electric version of its GLC sport utility vehicle next year, an effort to broaden the appeal of the technology with the first publicly available battery

Corporate Bits | ‘Now you see me 2’ screening at the Venetian

An exclusive screening of the action thriller film “Now You See Me 2” from Lionsgate’s Summit Entertainment label was held at The Venetian early this month. According to a Sands China’s press

L’Oreal shuts Hong Kong shops amid protests over China ‘kowtow’

L’Oreal SA closed shops throughout Hong Kong as hundreds of demonstrators protested the French cosmetic maker’s decision to cancel a concert by a pro-democracy singer after Chinese consumers called for

Real Estate Matters | The biggest property investment mistakes: Mistakes to avoid if you buy property – Part 1

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

Corporate Bits | Newsweek names sands china 62nd ‘greenest’ company

For the second straight year, Newsweek magazine has named Sands China as one of the ‘greenest’ companies in the world. The company’s global ranking jumped to number 62 in the

Suzuki plans resignations, pay cuts over faulty mileage testing

Suzuki Motor Corp. Chairman Osamu Suzuki ceded the role of chief executive officer and one of his top deputies will resign after the automaker admitted to using unapproved fuel-economy testing

Company sues PepsiCo Inc. over Super Bowl ad

A Norwalk, Connecticut, advertising company has sued PepsiCo Inc. in New York over a Super Bowl commercial, saying its design ideas were stolen. Betty Advertising filed the lawsuit Tuesday in Manhattan

Corporate Bits | wynn’s golden flower named ‘best f&b in macau’

Wynn Macau’s signature Tan cuisine restaurant Golden Flower has been awarded the “Best F&B in Macau” accolade at the recent 2016 Hurun Presidential Awards Ceremony, which was recently held in

Labor | US worker productivity slumped again in Q1

American workers were less productive again in the January-March quarter, although the decline wasn’t as severe as first thought. Meanwhile, labor costs climbed at a faster pace than initially estimated. The

Banking | Japanese banks tighten up after USD16 million taken from ATMs

Japanese banks that lost some 1.8 billion yen (USD16.5 million) when fake overseas cards were used at convenience store ATMs are scrambling to combat such fraud. Seven Bank, which operates ATMs

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