World’s most battered market is the worst place to find bargains

It’s going to take more than the world’s deepest stock-market selloff to turn China into a destination for international bargain hunters. Even after a 40 percent tumble in the Shanghai Composite

Corporate Bits | George Lam to bring anniversary concert to the Venetian

Hong Kong Cantopop legend George Lam will perform at The Venetian’s Cotai Arena on July 16 for his latest performance, “George Lam 40th Anniversary Concert (Macau)”. Lam kicked off his anniversary

Las Vegas | MGM Resorts to renovate Monte Carlo casino-hotel

MGM Resorts International said Friday that it will work with a New York-based hotelier to redesign the Monte Carlo Resort and Casino on the Las Vegas Strip, promising a more boutique

Bordeaux 2015 wine prices pick up pace

The pace of Bordeaux wine-price increases announced for the 2015 vintage has quickened over the past week, with top producers now having marked bottles up by about 25 percent on

Real Estate Matters | Ideas for Small Spaces: Making the most of restricted space

Having established the company in 1994, JML Property offers Investment Property & Homes. It specializes in managing properties for owners and investors, and providing attractive and comfortable homes for tenants. The

Uber receives USD3.5b investment from Saudi wealth fund

Saudi Arabia’s sovereign wealth fund made its highest-profile deal, investing USD3.5 billion in U.S. ride-share company Uber Technologies Inc. as the country seeks to diversify its assets with more overseas

Airports of Mozambique plans to reorganize USD500m debt

Airports of Mozambique plans to restructure loans of USD500 million after a slide by the nation’s currency against the dollar undermined the state-owned company’s ability to repay loans, its chairman

Corporate Bits | Bene to celebrate Italian National Day throughout June

In honor of the upcoming Italian National Day, the Sheraton Grand Macao Hotel is “Celebrating Italy at Bene” throughout the month of June with entertaining pizza performances, an exclusive wine

World economy risks getting caught in ‘low-growth trap’

The world economy risks getting caught in a “low-growth trap” if governments don’t spend more on investments, open up to trade, and make reforms, a top economic forum warned yesterday. The

Chinese manufacturing surveys show lingering weakness

China’s factory activity was feeble last month, according to two surveys released yesterday, indicating that official efforts to reverse a downturn in the world’s second-biggest economy are struggling. The country’s massive

Gaming alert | Boyd Gaming sells its 50 percent stake in Borgata to MGM

Boyd Gaming said it’s selling its 50 percent stake in Atlantic City’s top casino to MGM Resorts International, which owns the other half. It will get USD900 million plus half of

Corporate Bits | Sands China participates in World Hunger day 2016

Last week Sands China Ltd held its three-day Clean Plate Challenge for the second straight year, in support of World Hunger Day. Nearly 58,000 team members completed the challenge, which forms

Scandal-hit Volkswagen makes profit despite scandal

German automaker Volkswagen saw its net profit fall 19 percent in the first three months of the year — but showed it can still make money even as it grapples

Corporate Bits | Cotai water jet offers new promotions

Cotai Water Jet is launching two new promotions for passengers including a “Macau Residents Buy- One-Get-One-Free Promotion” and a “Birthday Promotion.” Macau identity card holders who purchase full fare Cotai First

From Apple to super-powers, everything’s against Taiwan’s dollar

Caught between China on the one side and the U.S. on the other, Taiwan’s dollar is in danger of greater losses than any other emerging-market currency in Asia. Strategists see the

HSBC tightens Hong Kong safe-deposit box rules to boost defenses

HSBC Holdings Plc is strengthening its oversight of its safe-deposit boxes in Hong Kong as the U.K. bank moves to bolster its defenses against financial crimes. The London-based lender has introduced

Analysis | HK Vinexpo 2016: All about wine… this time truly for what is in the bottle!

As the name indicates, Vinexpo is all about wine and now surely one of the major exhibitions in the world for wine and spirit professionals. It is in many respects still

China | Wanda opens theme park to take on Disney

China’s largest private property developer, the Wanda Group, opened an entertainment complex on Saturday that it’s positioning as a distinctly homegrown rival to Disney and its USD5.5 billion Shanghai theme park

Real Estate Matters | Ideas for Small Spaces Making the most of restricted space

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 | 10,000 participate in MGM health campaign

MGM China has launched the two-week “Golden Lion Health Campaign” for employees to promote the importance of a healthy work-life balance. According to a statement from the company, over the

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