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

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

WP2Social Auto Publish Powered By : XYZScripts.com
MACAU DAILY TIMES