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.

Real Estate Matters | The best places to live in Macau Part 1

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

Commodities | London’s USD5 trillion gold hub getting ready for a major overhaul

There’s a competition brewing to figure out how the world’s largest gold-trading hub can get bigger and better. Much of the USD5 trillion in transactions cleared every year in London is

Corporate Bits | ‘Line walker’ films at Studio City

The producers believe that the resort is the “best venue” to film the upcoming movie, due to its cinematic atmosphere and its array of the latest entertainment offerings. They aimed

Corporate Bits | CK Hutchison sells Euro bonds in first post-merger debt offering

CK Hutchison Holdings Ltd has sold 2 billion euros worth of bonds, the company’s first debt sale since being formed through a merger by billionaire Li Ka-shing. The Hong Kong-based conglomerate

Markets | Chinese stocks halt four-day winning streak as financials slump

Chinese stocks fell from a three-month high, dragged down by banks and insurers. The Shanghai Composite Index slipped 0.1 percent at the close. Industrial & Commercial Bank of China Ltd. and

Energy | China coal miner fails to make bond payment amid slowing economy

A Chinese coal miner failed to make a bond payment yesterday, highlighting rising credit risks in the nation as economic growth slows. The Shanghai Clearing House hadn’t received funds from Chinacoal

Corporate Bits | ‘Sands resorts buffet pass’ launched

With buffets covering every meal, the offer can save guests up to 40 percent.  The promotion gives access to seven different buffet options, namely Bambu and Golden Peacock in Venetian,

Hainan Airlines owner wants to fly higher | HNA to buy Tysan stake from Blackstone for USD340 million

Chinese conglomerate HNA Group Co. agreed to buy a controlling stake in Tysan Holdings Ltd. for about USD340 million to expand in construction and property development, prompting shares of the

Automakers report best US March sales in 16 years

Most major automakers reported U.S. sales gains last month as stronger employment figures and consumer confidence drove the auto industry to its best March in 16 years. But the sales growth

Gamblers played USD30m of stolen funds in Philippine casino

A total of 19 people gambled 1.37 billion pesos (USD30 million) of the $81 million stolen from Bangladesh foreign reserves at a Philippine casino in February before a fraction of

Corporate Bits | Volkswagen reassures dealers on growth plans for us market

Herbert Diess, global head of the Volkswagen brand, and Hinrich Woebcken, interim chief executive of the company’s U.S. sales unit, met with dealers on Saturday for 90 minutes during a

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

China rating outlook cut at S&P on risk of slower rebalancing

China’s AA- long-term credit rating now has a negative outlook, S&P said in a statement. Earlier in March, Moody’s Investors Service made a similar revision, highlighting surging debt and questioning

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

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