Chinese group said seeking to seal AC Milan takeover by June

The Chinese investor group pursuing a takeover of the AC Milan football club, which is controlled by former Italian Prime Minister Silvio Berlusconi, is targeting a deal by June, people with

China’s finance minister accuses credit-rating firms of bias

China’s finance minister accused international credit-rating companies of “bias” against the country after Standard & Poor’s Rating Services and Moody’s Investors Service lowered their sovereign outlooks on the world’s second-­largest

Corporate Bits | MGM announces le French gourmay menu

The annual event honors a different gastronomic and wine region of France each year for discerning gourmands. According to a press release, this year’s program features Région Alsace, located in

Real Estate Matters | The best places to live in Macau Part 2

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. Welcome

Offshores | German state fighting tentacles of tax fraud wants banks liable

Norbert Walter-Borjans, the finance minister of the German state of North Rhine-Westphalia, has stopped at nothing in his quest to bring tax evaders to justice, even resorting to the purchase

Markets | Asian stocks surge, buoyed by Wall Street rally, China trade

Asian stocks surged in morning trading yesterday in a second day of solid gains, buoyed by a rally on Wall Street and European markets, and an uptick in China’s trade. KEEPING

Offshores | Organized crime prosecutors raid Panama Papers firm office

Organized crime prosecutors raided the offices of the Mossack Fonseca law firm yesterday looking for evidence of money laundering and financing terrorism following a leak of documents about tax havens

Trade | China exports up 11.5 percent in March, first gain in nine months

Chinese exports have risen for the first time in nine months, in a sign that the outlook may be improving for the world’s No. 2 economy. Customs data posted online yesterday show that China’s

Corporate Bits | ‘Guangdong, HK and Macau power industry summit’ to be held in nanning

Limited, China General Nuclear Power Group and Companhia de Electricidade de Macau (CEM) will be held in Nanning, Guangxi from May 11 to 13, with the theme of “Strengthening Cooperation

Banking | Five US big banks get failing grades for crisis plans

Federal regulators say five of the biggest banks in the U.S. haven’t worked out strong plans for how they might reshape themselves in case of failure, which could leave them

Chinese stocks decline as Premier Li flags pressures on economy

  China’s equities swung into losses, with industrial stocks leading the retreat, as Premier Li Keqiang flagged downward pressures on the world’s second-largest economy. The Shanghai Composite Index fell 0.3 percent. Machinery

Automakers | Demand for SUVs boosts China auto sales by 10 percent in March

Chinese auto sales rose by nearly 10 percent in March, led by strong demand for SUVs that more than offset slipping passenger car sales, an industry group said yesterday. The China

Corporate Bits | Sands resorts awarded ‘best resort in china’

Sands Resorts Cotai Strip Macao was awarded the ‘Best Resort in China (Non-beach)’ in the 9th Annual TTG China Travel Awards 2016 last week in Shanghai. This is only the

Corporate Bits | Melco Crown welcomes local design students to Studio City

Twenty-six lecturers and students majoring in design toured the 5,000-seat Studio City Event Center and the House of Magic, unlocking the secrets of the magic show from backstage.  According to

Yuan advances for third day as producer prices signal recovery

The yuan strengthened for a third day as the first monthly increase in China’s factory gate prices since 2013 added to signs of an improving economy and easing capital-outflow pressures. The producer

Spanish, Angolan rivals reach deal over Portuguese bank

The Lisbon stock exchange suspended trading in shares in Banco Portugues do Investimento as the market awaited details yesterday of a takeover agreement between the bank’s Spanish and Angolan shareholders. Spain’s

HNA agrees to buy airline caterer Gategroup for USD1.5 billion

Chinese conglomerate HNA Group Co. agreed to buy Swiss airline catering company Gategroup Holding AG for 1.4 billion francs (USD1.5 billion), as billionaire Chen Feng continues on an acquisition spree of

Corporate Bits | Wynn palace preview revealed to team members

According to a statement from the company, around 3,000 team members from the gaming division attended across the three days. Some of these team members will be transferring to the

‘Brexit’ voter turnout impact weighed after Dutch referendum

Opinion polls show as many as one in three U.K. voters are undecided about whether they will vote and if they would back leaving or staying in the European Union

Singapore edges ahead of HK as No. 3 financial center

The Southeast Asian city-state ranks behind London and New York, and two points ahead of Hong Kong on the Global Financial Centres Index, published April 6 on the firm’s website.

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