Global stocks sluggish amid drop in Chinese growth

World stocks lacked momentum yesterday after a report showed China’s economy slowed in the third quarter, but not as much as some were fearing. KEEPING SCORE: France’s CAC 40 added 0.1

Morgan Stanley’s earnings hit by bond trading slump 

Morgan Stanley’s earnings dropped 42 percent in the third quarter, more than analysts forecast, as the bank’s bond trading business weakened. The New York-based investment bank and wealth advisory firm earned USD939 million

Corporate Bits | CEM ‘energy saving snapshot contest’ results

Judging comprised two parts: professional judging (70%) and public voting (30%). Professional judging was held on 18 September. In terms of public voting, citizens can still vote by clicking “Like”

China Re said poised to raise USD2 billion from HK IPO

China Reinsurance Group Corp., the nation’s biggest reinsurer, is set to raise USD2 billion from an initial public offering in Hong Kong, people with knowledge of the matter said. The Beijing-based

IBM gives Chinese gov’t access to software code

IBM said it is giving the Chinese government access to some software code, seeking to demonstrate the security of its products as the company tries to expand its business in

Alibaba offers to buy rest of Youku in USD3.6b deal 

Alibaba said Friday it’s offering to buy up the rest of Chinese video streaming site Youku Tudou in a USD3.6 billion deal signaling the e-commerce giant’s intent to expand beyond

Corporate Bits | Conrad Macao pink inspired charity lunch raises over mop 84,000 for breast cancer

Hotel Royal, Macau and HN Food & Beverage Limited are jointly presenting a Kubota sake dinner on Oct 27th. Featuring an 8-course menu prepared by Catalpa Garden Shanghai restaurant, the

Ask the Vet | Toxic Foods for Your African Grey

Do NOT feed your parrot the following foods: Avocado (toxic) - Keep all avocado products, including guacamole, away from your bird. The skin and pit of avocados have been known to cause

Real Estate Matters | Did you know…? 20 interesting facts about Macau property

Juliet Risdon is a Director of JML Property and a property investor. Having established the company in 1994, JML Property offers Investment Property & Homes. It specializes in managing properties

Corporate Bits | CEM energy fun fair this Sunday

VW forced to recall rigged diesels after Germany takes hard line

The German government forced Volkswagen AG to recall about 2.4 million diesel cars after throwing out the carmaker’s proposal for voluntary repairs, setting off a chain reaction by authorities across

China passes US in number of billionaires

China has passed the United States in the number of billionaires, driven by the rise of fortunes in technology and manufacturing, according to a survey released yesterday. Despite a cooling economy, the

Burberry hit by slowdown in Asia sales

Luxury goods maker Burberry saw its shares slump yesterday after it said its six-month revenue growth slowed to a trickle, due largely to weaker sales in Hong Kong and mainland China. The

Forget Beijing: Mall owner Taubman likes second cities

Taubman is investing in cities where land costs are less than half those of the most prosperous tier-one cities, which have had an explosion in mall growth in the past

Corporate bits | MGM Macau celebrates Oktoberfest with German-themed dining offers

Highlighting German cuisine, Rossio presents a German theme dinner buffet including German pork knuckle, Roasted sausages, Bavarian roasted pork, Mustard Spaetzle, Wiener Schnitzel and German dumplings in beef broth. Prepared by

Corporate Bits | Sands China honors 2015 team member award winners

As with prior years, winners are selected based on the company’s Because We Care set of cultural values – Friendliness, Professionalism, Active Listening and Teamwork – and are recognized with

VW to change diesel technology, cut investments 

Volkswagen’s flagship brand will switch to new diesel emissions control technology in Europe and North America as well as cut a billion euros (USD1.1 billion) in annual investment spending. VW brand

FT report | China slowdown weighs on Hong Kong luxury rents

From Prada to Gucci-owner Kering, “companies in the sector are calling on landlords to cut sky-high rents, raising the prospect that store closures will accelerate.” A shop previously occupied by Jaeger-LeCoultre

Investment | Pansy Ho among 15 buying half of China Reinsurance through IPO

China Re is selling 5.77 billion shares at between HKD2.25 and HKD2.70 apiece, the terms show. China Re drew investments from a group of mostly state-owned enterprises to help complete the

Corporate bits | ‘Run to Give’ charity race raises funds for Fuhong Society

More than 70 associates from both hotels participated in the charity run, which also marks the commencement of Together As One (TAO) in the Asia-Pacific – Starwood’s annual global volunteer

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