Retail | Hugo Boss closes stores on mainland in cost-cutting effort

Hugo Boss AG, the embattled German fashion label, said it would fight discounting in the U.S. and close stores in China to protect profitability amid lackluster sales in those markets. The

Zara owner cuts store expansion goal in favor of online growth

Inditex SA, the world’s largest clothing retailer, reined back its store expansion plans as the Zara owner delves deeper into e-commerce as a cheaper way to boost sales growth. The Spanish retailer, which

Aviation | Cathay Pacific profit nearly doubles as fuel cost falls

Cathay Pacific Airways said yesterday that its annual profit nearly doubled in 2015 as passenger demand grew and tumbling oil prices cut its fuel bill. Hong Kong’s biggest airline said that net

Corporate Bits | Venetian to host Jeff Chang’s concert

“Chang’s unique voice has made him a fan favorite ever since his debut album ‘Lie’ was released way back in 1989. Since then the Taiwanese singer has released almost 30

Corporate Bits | MGM to celebrate Easter with festive events

Selections include the Chef’s Special Easter Menu at Aux Beaux Arts, a buffet at Rossio, and a wide range of festive sweets at Pastry Bar and Grande Praça Café. Aux Beaux

Entertainment | How Matt Damon may kickstart China’s global movie ambitions

China has a new ally in its campaign to turn itself into a global cultural superpower: Matt Damon. And, behind him, a good chunk of Hollywood as well. Chinese leaders have

US sanctions Chinese tech supplier over Iran ties

Washington has restricted the access of one of China’s biggest telecoms equipment makers, ZTE Corp., to American components after concluding the state-owned company improperly exported U.S. technology to Iran. The sanctions

Corporate Bits | Airasia re-launches php1 seat sale

AirAsia and AirAsia X brought back the “Red Hot Seat Sale,” which will connect travellers to over 100 destinations across 22 countries. Flights included are to and from Manila, Kalibo, Palawan,

Alibaba buys HK firm for China lotteries

Alibaba Group Holding Ltd. and its main financial affiliate will spend HKD2.39 billion (USD308 million) buying control of Hong Kong-listed AGTech Holdings Ltd. to boost its lottery business in China. Ali

BIS Report | China’s USD175 billion outflow wasn’t investor flight

  Persistent capital outflows from China since mid-2014 were probably driven more by local companies paying down their dollar-denominated debt - in anticipation of a stronger U.S. currency - than investors

Corporate Bits | Sands resorts holds ‘Kung Fu panda 3’ premiere

According to a press release, celebrities from Hong Kong and Macau attended the red carpet event, which attracted around 400 attendees from community associations including Caritas Macau, the Women’s General

Possible stabilization encourages gaming analysts, stock prices

year growth. Indications of recovery also come in the form of bullish remarks from Sheldon Adelson of Las Vegas Sands and Steve Wynn of Wynn Resorts in their fourth-quarter earnings reports.

Australia’s casino resorts target affluent Chinese tourists

With the number of Chinese visitors to Australia reaching the one million-mark, The Star Entertainment Group has called for an investment boost in southeast Queensland in order to establish the

Steve Wynn’s pay drops as China gamblers shun VIP tables

Fewer high rollers at Macau’s casinos means less money in Steve Wynn’s wallet. The founder and chief executive officer of Wynn Resorts Ltd. saw his compensation fall about 18 percent

Real Estate Matters | The Challenges Facing Macau What is it going to take to restore confidence?

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. Macau

China stocks extend biggest gain in four months on stimulus bets

  China’s stocks rose for a third day, led by property developers and commodity producers, on continued optimism policy makers will unveil more measures to boost growth at this week’s legislative

Gaming | MGM said close to USD1.13b sale of Las Vegas mall to Simon

MGM Resorts International has reached an agreement to sell its Shops at Crystals mall in Las Vegas to a Simon Property Group Inc. partnership for USD1.13 billion, according to a

Corporate Bits | Sands resorts launches Macau getaway package

The package offers an array of options to dine at any of the 13 signature restaurants, as well as a choice of a range of entertainment gifts including retail offers

Biggest rally in four months | China stocks up on economic stimulus bets

  China’s stocks rallied the most since November, led by property companies and commodity producers, on speculation the government will announce measures to boost growth at legislative meetings this week. The Shanghai

Gaming alert | Philippine regulator probes alleged money-laundering

  The Philippines is training its sights on the gaming sector in a renewed push to curb the transmission of illicit funds. The Philippine Amusement and Gaming Corporation has started investigating news

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