Billionaire Cohen said to sell USD25m Dubuffet’s ‘Paris’

Billionaire money manager Steven A. Cohen is selling a dense, vibrant 1961 Jean Dubuffet painting valued at USD25 million, according to a person familiar with the matter. Christie’s said it will

OCBC’s Tsien gets biggest 2014 raise among Singapore bank CEOs

The head of Oversea-Chinese Banking Corp. received the biggest pay rise last year compared with his counterparts at Singapore’s two other major banks. Chief Executive Officer Samuel N. Tsien’s total compensation

Oil rises as Saudis boost pricing to Asia amid Iran uncertainty

Oil rose as Iran’s nuclear accord with world powers left the timing uncertain for a possible increase in crude supplies from the OPEC member and as Saudi Arabia raised prices

Corporate Bits: local entertainment and media company sets up branch in hk

In view of an increasing demand on power supply, caused by the rapid growth of Guangdong, Hong Kong and Macau, China Southern Power Grid Corporation Limited (CSG) proposed in 2011

Dollar in longest losing streak in 9 months

The dollar fell a fourth day, the longest streak in nine months, as traders speculated the Federal Reserve will hold borrowing costs lower for longer amid signs of weakness in

Gaming | Wynn Resorts, Elaine Wynn both criticized by ISS on governance

Wynn Resorts Ltd. and Elaine Wynn, who has been battling the casino company to keep her board seat, were both handed a setback after a proxy- advisory report criticized corporate governance. Institutional

Apple, Spotify streaming music deals said to be probed by EU

The world’s largest record labels are being questioned by European Union regulators as part of a probe into their deals with music-streaming services from Apple Inc. and Spotify Ltd., according

Malaysia reverses course on sale of 1MDB’s USD3b power arm

Malaysia scrapped a plan to seek buyers for state investment company 1Malaysia Development Bhd.’s power business, reversing course just a week after saying it appointed a bank to field interest

Corporate Bits: CTM launches local data usage auto-suspension service

CTM’s postpaid mobile customers whose current total data entitlement is equal to or larger than 500KB are entitled to subscribe to the “Local Data Usage Auto-Suspension Service” for free. For

Real Estate Matters | The 25 questions you must ask as a tenant renting a property – Part 4

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 for

Project Poker: Life Tilt: Where’s your head at?

We all know how devastating tilt can be in our game. You play well, you feel well, you go all in as a huge favourite, and suddenly boom, your hand

Gaming | Mongolia considering casinos to diversify economy from mining

Mongolia’s parliament is considering allowing casinos in the country to attract more tourists and reduce the economy’s dependence on mining revenue. Mongolia, which has a population of 3 million in an

Online retail | Why Amazon refuses to wear purple lanyards in Vegas

About 1,300 people from the online retail industry are in Las Vegas this week for the annual Catalyst Americas conference. Every attendee is sporting a name badge they were given

Corporate Bits: Galaxy donates mop100,000 to handicapped association

“The donation from GEG can help us further refine our facilities and subsidize some needy families. It fully demonstrated its adhesion to the philosophy ‘from the community, for the community’

Late audits halt trading in Morgan Stanley-backed stocks

Two major companies in a prominent USD1.4 billion Asia investment fund managed by New York banking giant Morgan Stanley unexpectedly told securities regulators they will not file their financial statements

Corporate Bits: Private dinner “the west lake dream” welcomes over 200 members

MGM’s Grand Ballroom was meticulously decorated with the picturesque West Lake in Hangzhou, a display which is complete with an ornate wooden boat, lush lotus ponds, grand pavilions, beautiful poetry

Huawei reports 2014 profit up 33 percent

Huawei Technologies Ltd., one of the world’s biggest makers of telecommunications equipment, said yesterday its 2014 profit rose 33 percent, helped by strong sales of smartphones. The company based in the

Prada Posts 28pct drop in profit

Prada SpA reported a 28 percent drop in full-year profit as fewer Chinese shoppers splurged on USD2,950 leather handbags and other luxury products. Net income in the year through January fell

Citic leads brokers rally as China seeks to further open markets

Citic Securities Co. jumped to a two-month high as brokerages advanced after China’s securities regulator said it will do more to open mainland financial markets. Citic rose 7 percent to HKD29

Corporate Bits: MGM management recognized with four awards

“To have our local management team recognized as being one of the best managed companies on the Exchange, alongside some of the most successful companies in the region, is a

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