Gaming | Caesars among firms said to push to curb lender protection rules

Caesars Entertainment Corp. and Education Management Corp. have been stymied in their efforts to influence Congress to change a Depression-era law that’s designed to protect lenders, according to people with knowledge

Health | Merck KGaA drops cancer drug after studies fail

German drugmaker Merck KGaA said it won’t seek regulatory approval for its experimental cancer medicine evofosfamide after the treatment failed in the last stage of clinical tests. The medicine didn’t help

Stocks still buoyed by US jobs data but oil price slides

Strong U.S. jobs data continued to shore up stock markets yesterday as investors welcomed the growing certainty of an interest rate increase from the U.S. Federal Reserve next week. Meanwhile,

Agricultural Bank of China head resigns amid graft probe

The head of China’s fourth-largest state bank has resigned citing personal reasons amid reports of his involvement in a corruption investigation. No details were given about the departure of Agricultural Bank of China president Zhang

Chinese cities give Toyota boost in hunt for hybrid buyers

China’s former leader Deng Xiaoping famously quipped that it doesn’t matter if a cat is black or white, so long as it catches mice. When it comes to environmentally-friendly cars

Corporate Bits | CEM announces ‘induction cooker lucky draw’ results

The prize draw ceremony was held earlier in the Festival, presided by Chou Iok Leong and Elizabeth Chung, Executive Directors, as well as Lo Kam Kuan and Chow Yu Tang,

Bank of China appeals disclosure order in counterfeit case

The appeal, filed Tuesday, is the latest twist in a five-year legal saga that pits one of China’s largest state banks against Western luxury brands seeking new, more powerful tools to fight

Corporate bits | MGM celebrates Yuletide season with Christmas market

Real Estate Matters | Common misconceptions about renting a property in Macau (Part 3 of 6)

This list of common misconceptions may look innocent enough, but the difference in expectation is usually the source of major rental conflicts, and one that could be easily avoided with

ICBC wins Tata as client in overseas push as China growth slows

Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, signed up the USD109 billion Indian conglomerate Tata Group as a client as part of its overseas

Thai aviation authorities acknowledge US safety downgrade

Thai officials yesterday acknowledged weaknesses that caused the United States to downgrade the safety rating of the country’s aviation industry, saying its growth outpaced the ability of regulators to keep

Corporate Bits | Visa and BNU launch Rio 2016 Olympic games campaign

To celebrate the Rio 2016 Olympic Games, its card and official payment system partner - Visa, and BNU have launched the BNU VISA Credit Card Spending Campaign, giving BNU Visa

Australia’s economy gathers pace in September quarter Rod McGuirk, Canberra

Mining companies are making up for falling iron ore prices by cranking up tonnages to China of Australia’s most lucrative export. Australian Bureau of Statistics figures released yesterday show the economy

Corporate Bits | Dreamworks experience winter celebration at sands resorts Cotai Strip

During holiday buffet lunches and dinners, characters from “Madagascar,” “How To Train Your Dragon,” “Kung Fu Panda,” and “Shrek” will perform to an array of Christmas carols, with opportunities to

New Jersey Democrats race to get casino expansion on 2016 ballot

Democrats who control the New Jersey legislature are in talks to get a measure on the November 2016 ballot that would ask voters to allow casinos outside Atlantic City. The move

Did China’s yuan really pass the IMF test? You’ll know soon

International Monetary Fund Managing Director Christine Lagarde and some two dozen officials on the fund’s executive board were gathering gathering yesterday at headquarters in Washington for one of the most- anticipated

Hong Kong art auction feels China slowdown in sales drop

China’s economic slowdown, government anti-­corruption measures and fleeing speculators are causing a chill in the Hong Kong art auction market, Christie’s Nov. 28 International Hong Kong evening sale showed. The London-based

Corporate Bits | Hebe Tien, Yoga Lin and Janice Yan perform at ‘Taiwan music series’ finale

“It is such an amazing experience for us to perform at this ultra-modern event center. The exclusivity of this world-class venue gave us a great opportunity to get close and

Corporate Bits | Sands China adds more local suppliers

As of October 31, the Company has invited new local suppliers for bidding, including 170 small and micro companies, six “Made in Macau” companies, and three dozen of Macau’s young

Karl Rove opens his Rolodex for Ben Carson

Republican strategist Karl Rove helped set up a meeting between top fundraisers for Ben Carson and casino mogul Steve Wynn. Rove confirmed to Bloomberg Politics that he acted as the go-between for

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