US: Rent prices are still climbing, just not as fast as before

Home rental price growth slowed down in January — as even sizzling markets such as the San Francisco Bay Area, Denver and Portland are cooling. Real estate data firm Zillow said

HSBC 2015 profit dips as it warns of bumpy financial outlook

HSBC warned of a “bumpier” global financial outlook thanks to China’s slowing economy, as it reported yesterday that profit dipped slightly last year. Europe’s biggest bank posted a net profit of USD13.5

Pacific Northwest could become hub for methanol production

  The Pacific Northwest could become a major hub for methanol production if three proposed refineries are built along the Columbia River and Puget Sound. A China-backed consortium, Northwest Innovation Works, has

Corporate Bits | Celebrity foodies gathered at the Venetian for CNY

Renowned food critic Chua Lam; Raymond Guo, president of Rimowa China; professional boxer Zou Shiming and his wife Ran Yingying, a former CCTV TV host; Weijia Li, celebrity TV host

Retail | Gucci brand returns to growth

  French luxury-goods maker Kering SA reported fourth-quarter revenue growth that beat analysts’ estimates as the Gucci brand showed the first signs of a turnaround under Chief Executive Officer Marco Bizzarri

Tourism | Sheraton’s fast-tracked growth in Asia Pacific

The Sheraton Hotels & Resorts is expected to announce accelerated growth plans for the Asia Pacific region today, based on its ten-point plan designated “Sheraton 2020,” which was announced in

Corporate Bits | Wynn resorts listed by fortune magazine

According to a press release, Wynn Resorts topped the category “Quality of Products/Services,” having been chosen from among all international hotel companies. High marks for innovation, people management, quality of

Real Estate Matters | Handling humidity in your apartment. There’s no escaping the mould!

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. We

Corporate Bits | Cotai Water Jet releases discount e-coupons

Until December 31, 2016, followers of the account can register to receive an e-coupon that entitles them to a range of discounts on Cotai Water Jet ferry tickets. Three discount e-coupons

Gas prices will jump sixtyfold in Venezuela

  President Nicolas Maduro announced a currency devaluation and gasoline price hike yesterday in an attempt to shield Venezuela’s oil-dependent economy from collapse and fend off mounting calls for his ouster. Gas

Hong Kong retailers suffer from slump

Hong Kong retailers Chow Tai Fook Jewellery Group Ltd. and Sa Sa International Holdings Ltd. reported slumping sales over Chinese New Year as the number of mainland tourist visitors tumbled. Same-store

China’s ‘happiness economy’ intact in CNY spending

China’s consumers increased spending on travel and entertainment as hundreds of millions of people traveled to spend time with family during the week-long holiday last week. People spent at least 312

Corporate Bits | Mia sees highest single-day traffic on record

The airport also set the highest single-day record since operations began at MIA on February 13, recording over 29,000 passengers and 204 flight movements. To enrich the seasonal atmosphere, MIA adorned

Corporate Bits | Mercedes-Benz HK introduces new coupé model

The company says that the Coupé offers “a new take on modern luxury: sportiness without compromising on comfort and exquisite style.” It comes with a choice of three petrol engines from

Markets | World stocks rise again on stimulus hopes, yuan’s gain

World stock markets were mostly higher yesterday as a strengthening yuan and hopes for more central bank stimulus gave investors relief from the mauling that markets have suffered so far

Airbus chief brushes off downturn fears

The chief executive of Airbus said yesterday that growth in airline passengers in Asia is likely to remain strong despite the current uncertainty about global economic growth prospects. Speaking at the

Volkswagen sales show biggest contraction since scandal

The marquee Volkswagen (VW) brand saw its biggest sales contraction in January since the German carmaker was engulfed in its diesel emissions scandal. The European carmaker’s association ACEA reported that sales

Aviation | Malaysia Airlines on track with profit, mulls fleet expansion

Malaysia Airlines Bhd. is on track to return to profitability by 2018, helped by job cuts and route changes undertaken as the company reeled from two high-profile plane crashes in 2014,

Corporate Bits | 12-day spring sale at sands resorts cotai

According to a press release, the deals are available at The Venetian Macao, Four Seasons Hotel Macao, The St. Regis Macao, Conrad Macao, Sheraton Grand Macao Hotel, Holiday Inn Macao

Airlines in Southeast Asia may defer plane deliveries

Airlines in Southeast Asia may need to push back delivery of aircraft after a decade of economic growth and optimism about a surge in air travel prompted them to order

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