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

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’s auto sales rise 5.1 percent in January-February

China’s auto sales growth decelerated to 5.1 percent in January and February as demand for lower-priced domestic brand SUVs soared but sedan purchases contracted, an industry group reported yesterday. Sales of

Corporate Bits | Sands China to participate in earth hour 2016

Exterior lights and non-essential indoor lights will be turned off for one hour at all Sands China’s properties - Sands Macao, The Venetian Macao; The Plaza Macao featuring Four Seasons; and

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

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