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

Chow Tai Fook’s HK, Macau sales plunge on fewer Chinese

Chow Tai Fook Jewellery Group Ltd., the world’s largest listed jewelry chain, said same-store sales in Hong Kong and Macau plunged 23 percent in the final three months of 2015 as fewer

Corporate Bits | Russell Peters to perform at Studio City

The Canadian-born comedian is set to perform at the Studio City Event Center on February 26, as part of his “Almost Famous World Tour”. The show features all new material plus

Real Estate Matters | Your Financial Health In The New Year – 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. Last

Red market | Asian indexes fall as China halted again after stocks plunge

  Chinese stocks nosedived yesterday, triggering the second daylong trading halt of the week and sending share markets, currencies and oil prices lower as investor jitters rippled across Asia. The benchmark Shanghai

TPP | Business group hopes to boost momentum for trade pact

Leading business groups, often at odds with President Barack Obama, are looking to give momentum to one of his priorities before he leaves office: approval of a trade pact linking

Aviation | Malaysia Airlines lifts decried bag ban on Europe flights

The airline had banned check-in baggage for Tuesday and Wednesday flights to the two European cities due to “unseasonably strong headwinds” on a longer flight path it was taking. Passengers

Corporate Bits | Mandarin Oriental gets head start on CNY celebrations

Guests will have an array of dining options for the festive period – ranging from a dim sum lunch to an eight-course traditional Chinese set dinner. The menus will be

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