Property | Average US rate on 30-year mortgage steady at 3.71 percent

Average long-term U.S. mortgage rates were unchanged to slightly higher this week after declining the previous week. Mortgage buyer Freddie Mac said yesterday the average rate on a 30-year, fixed-rate mortgage

Electronics | Foxconn agrees to buy Japan’s Sharp Corp. at reduced price

  The Taiwanese company that assembles Apple’s iPhones agreed Wednesday to buy control of financially struggling Sharp Corp. for USD3.5 billion in the first foreign takeover of a major Japanese electronics

Corporate Bits | Studio city held ‘never say goodbye’ concert

SCEC’s stage has welcomed numerous global and regional musical icons including global superstar and one of the biggest selling female artists of all time Mariah Carey, “Queen of Pop” Madonna,

ADB says Asia economy to grow 5.7 percent in 2016 and 2017

Softer growth prospects for China and a weak recovery in major industrial economies are expected to push down economic growth in developing Asia to 5.7 percent this year and next,

Banking | Novo Banco on the hunt for cornerstone investors

Portugal’s Novo Banco is planning to meet investors in the US and UK as early as next month to discuss a potential share sale, joining a growing list of southern

Japan’s Abe says no plans to postpone consumption tax hike

Japanese Prime Minister Shinzo Abe said yesterday that he has no plans to nix a consumption tax hike planned for next year, denying speculation that it will be postponed amid

Poker | Amaya CEO takes leave amid insider trading investigation

Amaya Inc. Chairman and CEO David Baazov is taking a leave of absence from the online poker company that operates sites such as PokerStars and Full Tilt as he faces

Property | Town in rural southern Nevada up for sale for USD8 million

Nancy Kidwell is offering the entirety of her town for just USD8 million. She tried to sell the property in 2010 for $17 million but couldn’t find any buyers. Now

Corporate Bits | World Mahjong ltd announces sponsorship agreement with macro mahjong

According to a press release, a key feature of the sponsorship will be Mahjong Club’s daily tournaments. The top five tournament winners will participate in the World Series of Mahjong,

Corporate Bits | Over 600 contracts were signed in the Parisian’s recruitment fair

More than 600 contracts were signed on the spot during the three-day recruitment fair, according to a statement. “We wanted Macau’s local talent to have first priority for our new positions,

Real Estate Matters | Is it time to invest in Macau again? Or should we wait another year. Or two?

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. Home

Hainan Airlines 2015 profit jumps, buoyed by cheaper oil

Hainan Airlines Co., the biggest private airline in China, reported a 15.9 percent jump in full-year profit as cheaper oil prices drove down costs and passenger numbers increased. Billionaire Chen Feng’s

Casino Guichard-­Perrachon’s debt cut to junk at S&P amid Muddy Waters attack

Casino Guichard-­Perrachon SA Chief Executive Officer Jean-Charles Naouri suffered a blow in his battle with short seller Carson Block after Standard and Poor’s cut the French grocer’s rating to junk,

Review | Hyundai restyles 2017 Elantra to look like a luxury vehicle

Hyundai's top-selling car in the United States, the Elantra, has been nicely restyled and upgraded to the point that its 2017 model could pass for a higher-­priced luxury car. The new

Corporate Bits | Sands resorts offers ‘Macau meetings with more’ packages

According to a press release, the meetings promotion offers a wide range of discounts on packages, complimentary rooms, discounts on hiring audio visual equipment, ‘buy-one-get-one-free’ offers on Cotai Water Jet

S&P 500 futures fall after Brussels bombings; travel stocks drop

U.S. stock futures fell after bomb explosions in Brussels killed at least 26 people, jolting markets and signaling an end to a four-day winning streak for the Standard & Poor’s

Corporate Bits | MGM celebrates Easter with concordia school for special education

Led by MGM’s senior management team, over 30 volunteer team members visited the school yesterday to extend love, care and happiness to the students. According to a statement, 10 teachers and

Dollar climbs as Fed officials say April rate increase possible

The dollar advanced for a second day yesterday as two Federal Reserve officials indicated that the central bank may raise interest rates as soon as next month, bolstering the appeal

Australian stock exchange CEO quits amid bribe investigation

  The head of Australia’s main stock exchange resigned yesterday amid an investigation into allegations that a gambling company he once ran made a bribery payment several years ago to the

Corporate Bits | Cotai water jet launches Easter promotions

Until March 28, Cotai Water Jet Facebook fans can click to receive a message with a promotion code that will entitle them to purchase a one-way Cotai First ticket for

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