Hong Kong bourse boss not fan of China’s market intervention

The head of Hong Kong’s stock exchange said yesterday that he wasn’t a fan of recent moves by Beijing to prop up sagging share prices but it won’t stop the

Macau Legend bought 3.35 million shares of its own stock this week

Hong-kong  listed Macau Legend Development has increased the pace of its share buy-backs, purchasing 39.91 million units of its own stock so far. The firm this week bought 3.35 million

Corporate Bits | CEM awards energy-saving buildings

The “Macau Energy Saving Contest” includes two categories: the Public Building Facilities Group and the Hotel Group. The contest’s seven editions have saved a total of 116.4 million kilowatt-hours (kWh)

Real Estate Matters | What Will Influence Property Prices In 2016? This three part article explores the different factors that affecting the market

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. Last

Even the ECB’s cash can’t stop investors worrying about Portugal

As bonds tumble across southern Europe, it’s beginning to look like the European Central Bank’s market stimulus never existed for Portugal. The country’s bonds have slid since an inconclusive election on

Goldman revenue tops estimates, profit falls on legal costs

Goldman Sachs Group Inc.’s fourth quarter revenue beat analysts’ estimates as fees from advising on mergers jumped 27 percent. Net income dropped 65 percent on costs to settle a mortgage

Gaming | Atlantic City bills rejected by Christie as takeover looms

  New Jersey Governor Chris Christie on Tuesday rejected legislation intended to shore up the finances of Atlantic City, a move that could hasten the state’s takeover of the struggling casino

Corporate Bits | Shell rolls out rebate program

The rebate program is available to customers using a Shell Bonus Card. In addition, the company says that purchases on Shell V-Power Nitro+ using a Shell Bonus Card will allow customers

Corporate Bits | Sands announces feasts on Valentines Day

According to a press release issued by Sands China, Portofino at The Venetian Macau promises a four-course meal that comprises of a seafood platter. The feast is finished with a

Gaming | SkyCity rises most in 15 months on upbeat earnings forecast

SkyCity Entertainment Group Ltd. rose the most in 15 months after the company said first-half earnings surged as much as 30 percent. Net income jumped to as much as NZ$71 million

Asian stocks rise after China growth within expectations

KEEPING SCORE: China’s Shanghai Composite was up 1.6 percent at 2,961.58 and Hong Kong’s Hang Seng gained 0.8 percent to 19,386.75. Australia’s S&P/ASX 200 added 0.7 percent to 4,885. Japan’s

Corporate Bits | Venetian’s CNY: “Seasons of Prosperity”

3D light and sound, spectacular illusion paintings, a CNY-themed mini model exhibition showcasing traditional festive activities, along with hand-decorated monkey sculptures will be shown to usher in the Chinese New

China expected to report slower but still strong growth

As international markets watch anxiously, China is due to release a flood of data today that are likely to show economic growth slowed in the latest quarter but still is

European shares lifted by rebound in Chinese markets

KEEPING SCORE: U.S. markets were closed for a public holiday yesterday. But Dow futures were up 0.8 percent and S&P futures gained 0.7 percent, suggesting an improvement in sentiment following

PBOC said to impose reserve ratio on offshore bank yuan accounts

The move will take effect from Jan. 25, according to four people familiar with the matter, who declined to be identified because the information isn’t public. The reserve ratio was

Wynn Resorts shares jump on signs worst may be over in Macau

In Macau, adjusted earnings before interest, taxes, depreciation and amortization will be USD156 million to $164 million, the company led by Steve Wynn said Friday in a statement. The high end

China-led development bank aims to swiftly approve loans

The head of the newly opened Asia Infrastructure Investment Bank said the China-led group is aiming to approve its first loans before the end of the year, part of Beijing’s

Corporate Bits | Didi Kuaidi registers 1.43b rides

Various set menus, à la carte dishes and dim sum specialties will be prepared at MGM’s Imperial Court by Chan Pak Chung and the celebrity chef Chow Chung. Signature dishes

We Correct: MGM Macau says no decision made yet on salary increase for 2016

The Macau Daily Times erroneously reported today (Friday) that MGM Macau has announced a salary increase, in our newspaper edition, on page 7. "We would like to clarify that MGM has

USD1.6 billion Powerball jackpot goes to 3 winners in 3 states

MUNFORD, Tennessee (AP) — An unprecedented USD1.6 billion Powerball jackpot that became a national fascination will be split three ways, by mystery winners in Florida, Tennessee and California. The winners did

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