Mark Zuckerberg’s Beijing ‘Smog Jog’ provokes online commotion

Mark Zuckerberg’s latest attempt to woo China’s Facebook-deprived people may have backfired. The Facebook Inc. founder posted a photo of himself jogging on a smoggy day in Beijing, causing a stir

China Post acquires Royal Bank of Scotland’s ETF business

China Post has acquired the exchange traded fund business of Royal Bank of Scotland, giving the state-owned postal company its first foothold in the European market. RBS sold its Market Access

Li Ka-shing says China property prices ‘reasonable’

Li Ka-shing said China’s property prices are “reasonable,” as government stimulus has sent prices soaring in the nation’s biggest cities. “As a developer, I don’t think housing prices are surging too

Real Estate Matters | The Challenges Facing Macau (final part in this 4 part series)

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

Dollar down | Eurozone core inflation revised up, helping euro to climb

Underlying inflation pressures in the 19-country eurozone were not as subdued in February as initially thought, official figures showed yesterday, in a development that’s helped the euro climb to five-month

Corporate Bits | sands announces parisian’s recruitment fair

According to a press release, vacancies are available for over 150 positions, ranging from rank and file, to manager level. Approximately 40 departments will be represented – from finance to

Insurance | Anbang gets US committee OK on Fidelity & Guaranty deal

China’s Anbang Insurance Group has received approval from a U.S. committee for its nearly USD1.6 billion purchase of life insurance company Fidelity & Guaranty Life. This comes on the heels of

Angola-China Chamber of Commerce due to be set up today

The Angola-China Chamber of Commerce is due to be officially set up today (March 17), during a constituent assembly to be held in the Angolan capital, Luanda, the founding committee

Property | US home construction jumps in February

Construction of new homes rose in February to the highest level in five months, but applications for new construction were weak for a third month. Housing starts rose 5.2 percent last

Markets | European stock exchanges agree to USD30 billion merger

The London Stock Exchange and Germany’s Deutsche Boerse say they are merging in an all-stock deal that will leave the German side with a majority in a company worth about

Corporate Bits | H&M and M.I.A collaborate for world recycle week

H&M is collaborating with artist and singer M.I.A. on a new music video to support H&M’s latest global initiative, World Recycle Week. According to a statement, H&M aims to collect 1,000

Corporate Bits | Wynn co-organizes sme procurement meeting

The event, which will focus on Food & Beverage suppliers and procurement, will see small and medium-sized enterprises (SMEs) in the sector showcase their products and services to Wynn Macau.

Investment | Anbang has global ambitions

  Young, privately owned and ambitious, Anbang Insurance Group stands out in China’s staid, state-dominated insurance industry. Founded just 12 years ago, Anbang made a splash in the United States in 2014

Gaming alert | New Jersey voters to decide on new casinos in November

Voters will be asked in November whether to approve two new casinos in the northern part of the state under a ballot question authorized yesterday by the Legislature. It will

Corporate Bits | The Venetian to host China music awards

Sponsored by The Venetian Macao, the China Music Awards will bring some of the music industry’s biggest stars together for a night of awards and entertainment at the Cotai Arena.

Hospitality | Starwood receives nearly USD14b buyout bid from Chinese group

A fight for control of the Starwood hotel chain is under way following a USD14 billion buyout offer yesterday from a consortium led by China’s Anbang Insurance Group. Anbang, which remains

Property | China Overseas buys Citic’s assets for USD4.8b

China Overseas Land & Investment Ltd. said it will buy the Chinese residential property assets held by Citic Ltd. for about 31 billion yuan (USD4.8 billion) as it expands its

Corporate Bits | Google is hitting the road for user feedback

The white van emblazoned with Google’s colorful logo and an invitation to “shape the future” of the world’s most powerful Internet company is scheduled to pull out today on a

Hsin Chong to build Cambodian World Trade Center

Hsin Chong Construction Company (HCC) has been appointed as the construction manager for the Thai Boon Roong Twin Tower World Trade Center Project in Cambodia by the project’s co-developers, Ng

Iran on oil freeze: ‘Leave us alone’ until output higher

Iran plans to boost crude output to 4 million barrels a day before it will consider joining other suppliers in seeking ways to rebalance the global oil market. “They should leave us alone” until

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