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

Real Estate Matters | Macau Property Review 2015

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. Once

UEFA signs Chinese electronics firm Hisense for Euro 2016

UEFA says it has signed a deal with consumer electronics firm Hisense as the first Chinese sponsor of the European Championship. UEFA says Hisense completes the lineup of 10 top-tier commercial

Retail | Burberry Christmas sales miss expectations in Macau, Hong Kong

Retail revenue fell to 603 million pounds (USD869 million) in the three months through December, London- based Burberry said yesterday in a statement. Analysts predicted 606 million pounds, based on the

Powerball | Record USD1.5 billion-jackpot draw today

The Powerball jackpot has climbed to over USD1.5 billion, easily surpassing all other lotteries to become the largest such prize in the world. The draw is due today at 11:59am

Markets | Asia shares rise as China steadies, Wall Street snaps back

Asian shares rose yesterday as Shanghai’s market stabilized for a second day and Chinese export figures improved (see p10). Investors also were cheered by gains on Wall Street that snapped

Corporate Bits | Sheraton Macao earns top-tier status

The Sheraton Macao Hotel located in Cotai Central has now become the Sheraton Grand Macao Hotel, as revealed in an announcement from the group. It signifies  an elevation of the

Corporate Bits | Ibiza-style nightclub opening event at Studio City

The opening event will feature world-renowned international DJ acts flown in from around the globe, says Melco Crown Entertainment. Meanwhile, on Friday night, the evening prior to the grand opening, Pacha

Analysis | Surging yuan borrowing costs in Hong Kong: What you need to know

Hong Kong Interbank Offered Rates for yuan loans jumped by records to all-time highs across all tenors yesterday as intervention by China to support its exchange rate tightened the currency’s

China auto sales rise 18.3 percent in December

China's auto sales rose 18.3 percent in December over a year earlier on explosive demand for SUVs, pushing the year's total sales to 21.1 million, an industry group reported yesterday. Drivers

Markets | Chinese stocks fluctuate, fueling Asian market volatility

Chinese stock markets eked out a last-minute gain yesterday as a continuation of volatile trading sent other Asian benchmarks lower while European shares stabilized. KEEPING SCORE: European stocks opened higher, with

ChemChina buys Germany’s KraussMaffei for USD1b

China’s biggest chemical company says it has bought a German maker of machinery to process rubber and plastic for USD1 billion (925 million euros) in the biggest Chinese investment to

Pound rallies from 5 year low as markets shake China turmoil

A faltering domestic and global economy and concern Britain is headed for the European Union exit door has seen sterling fall against seven of its Group-of-10 counterparts this year. Waning

Brazil roiled by China mess shows investors can’t catch a break

For investors in Brazil battered by a terrible 2015, there was reason to believe January would provide a respite. With summer holidays in full gear and Congress in recess, developments in

Corporate Bits | Bruce Lee memorial exhibition at Studio City

A Bruce Lee memorial exhibition will be held at the Times Squares Macau in Studio City in celebration of the martial arts master’s 75th birthday. The exhibition, which has been

Bank Rakyat said to scrap USD500m life insurance sale

PT Bank Rakyat Indonesia, the country’s most profitable lender, has canceled the sale process for a 40 percent stake in its life insurance arm, people with knowledge of the matter

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