Macau casinos drop as analyst says gaming fell 19pct last week

Gross gaming revenue fell 19 percent to 493 million patacas (USD62 million) a day last week, or 18 percent below the average so far this quarter, Deutsche Bank AG analyst

Emissions Scandal | Volkswagen CEO steps down

Volkswagen CEO Martin Winterkorn stepped down yesterday over a scandal in which the German carmaker admitted to rigging its diesel cars’ emissions to pass U.S. tests. In a statement, Winterkorn said

Corporate Bits | Over 2,500 boxes of mooncakes donated by melco employees

Adding a warm and caring touch this year, besides delivering mooncakes door-to-door to over 200 social housing units for the elderly in Cheng Chong Building at Ilha Verde, over 40

China economy | Weakened but still growing

President Xi Jinping is visiting the United States as leader of a China whose image of economic success has taken a beating. Stock market turmoil and a surprise currency devaluation fueled

Xinhua report | Airlines ink deal to buy 300 Boeing jets

Chinese companies have agreed with Boeing to buy 300 jets and build an aircraft assembly plant in China in deals signed during President Xi Jinping's visit to the United States,

Emissions scandal | VW boss ‘endlessly sorry’, company set aside USD7.3 billion for fallout

  The crisis enveloping Volkswagen AG, the world's top-selling carmaker, escalated yesterday as the company issued a profit warning following a stunning admission that some 11 million of its diesel vehicles

Corporate Bits | Sands China celebrates housekeeping week

“These team member events are a way to celebrate and recognize the hard work and dedication of Sands China’s housekeeping team, and to help further boost team spirit and encourage

MEDIA | Hearst invests USD21m in pop-culture network Complex Media

Hearst Corp. has made another bet on an emerging pop-culture brand, investing USD21 million in Complex Media, a digital-media company that operates websites devoted to music, fashion, food and movies. Hearst,

As casinos falter, Mississippi sells debt backed by gambling tax

Mississippi, the poorest U.S. state, is selling its first bonds backed by gambling taxes after its share of the winnings fell to the lowest since 1997, two casinos closed and its

Declining smartphone maker HTC booted from blue chip index

Taiwan’s stock exchange has removed smartphone maker HTC from its index of blue chip companies, signposting the dramatic decline of a business that once ranked as Taiwan’s No. 1 brand

Corporate bits | CEM promotes renewable energy by hosting design competition

This year, CEM announced that a record of 600 students and teachers forming almost 100 teams in representation of 23 local schools are expected to participate in the three competitions,

Corporate Bits | Sofitel launches new wine days

Happenings include a partnership with 2004 Worldwide Best Sommelier Enrico Bernardo, a global study about the art of wine, and in-hotel events such as the Rendezvous bin end sale and

Yuan devaluation could weigh on Chinese buyers of US homes

Shanshan Wu already owns three houses back home in China. But the 36-year-old has spent the last two months in Chicago shopping for a three-bedroom. She’s got cash to spend -

Nature | Volkswagen admits to cheating U.S. emissions tests for years

Volkswagen AG admitted to systematically cheating on U.S. air pollution tests for years, leaving the automaker vulnerable to billions in fines and possible criminal prosecution. The company sold diesel Volkswagen and

Real Estate Matters | All you wanted to know about property investment Part 5 – Mistakes to avoid when buying investment 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 | Sheraton Macao introduces new “paired” bar menu concept

Holiday Inn Macao Cotai Central team members joined hands with team members from Intercontinental Hotels Group (IHG) hotels in Macau on Wednesday to participate in “Race Around the World.” The

Uber rival Lyft teams with China’s top ride-hailing service

Two of Uber’s fiercest rivals are teaming up to challenge the ride-hailing company in the world’s largest markets. Didi Kuaidi, the top car- sharing company in China, invested USD100 million in Lyft

Facebook ready to test ‘dislike’ button

The Spanish owner of the Zara clothing store chain says profit for the first half of 2015 rose 26 percent, boosted by growth in all its markets around the world.

HP to jettison up to 30,000 jobs as part of spinoff 

Hewlett-Packard Co. is preparing to shed up to another 30,000 jobs as the Silicon Valley pioneer launches into a new era in the same cost-cutting mode that has marred much of its

Corporate Bits | MGM presents macau’s first ‘red mansion feast’ in October

The hotel is introducing Huaiyang cuisine to locals and tourists alike. This year marks the 2,500th anniversary of Yangzhou City, and makes the perfect occasion to celebrate the city’s heritage

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