Judge sticks to BP gross negligence ruling

A federal judge in New Orleans stuck to his ruling that said BP's conduct in the 2010 Gulf of Mexico oil rig disaster amounted to "gross negligence." U.S. District Judge Carl

Obama to pledge USD3b for climate change fund

President Barack Obama will pledge USD3 billion to a United Nations climate-change fund that’s intended to help poor nations boost renewable energy and counter the ill effects of global warming. The

Real Estate Matters | The Best Places to Live in Macau (Part 2)

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

PROJECT POKER: Bouncing from Barcelona to Macau

I spent most of September at home, playing the WCOOP and chilling after EPT Barcelona. Barcelona was great. They always seem to draw bigger fields year after year there, and this

WeChat struggles to lure new users amid WhatsApp rivalry

The messaging application, which took China by storm, posted its slowest active user growth on record as it struggles to attract new customers in Western countries. Shenzhen-based Tencent is cutting

Hong Kong scraps yuan-conversion limit as stock link begins

Hong Kong is scrapping a daily limit on the amount of yuan residents can buy, helping reinforce its dominance as an offshore trading center for Chinese assets as Shanghai’s stock

Regulators fine global banks in currency probe 

The U.S. Commodity Futures Trading Commission, the U.K. Financial Conduct Authority and the Swiss Financial Market Supervisory Authority said yesterday that Citibank, JPMorgan Chase Bank, Royal Bank of Scotland, HSBC Bank and UBS had

Corporate Bits | Local musicians create new song inspired by Venetian boxing events

A group of fans and onlookers gathered yesterday to enjoy the debut of the music video and were treated to a live performance of the song by Lo, Jorge and

Alibaba goes global, Singles Day sales top USD5.9b

Those companies, along with Costco Wholesale Corp., Origins Natural Resources Inc. and American Eagle Outfitters Inc., were participating in yesterday’s event for the first time. Alibaba said it sold more

Corporate Bits | 4th Macau Auto Show ends successfully

The Fourth China (Macau) International Automobile Exposition was held at The Venetian’s Cotai Expo from November 7-9. This year’s event was co-hosted by the Macau Convention & Exhibition Association, Nam Kwong

Hong Kong-Shanghai stock link gets green light

In a joint statement, the China Securities Regulatory Commission and Hong Kong’s Securities and Futures Commission said trading via the long-awaited Shanghai-Hong Kong Stock Connect link would start on Nov. 17. Approval had

Deutsche Bank’s Rankin named CEO of Packer’s Consolidated Press

Deutsche Bank AG’s co-head of corporate banking and securities, Robert Rankin, will leave to join Australian billionaire James Packer’s Consolidated Press Holdings Ltd. Rankin, an Australian, will leave his job in

Corporate Bits | Count Basie Orchestra to perform at the Venetian Macao

Founded by jazz icon William James “Count” Basie in 1935, the “The Swingingest Band in All the Land” has continued to tour and release albums since the death of Basie

HK-Shanghai link start date to be given soon, Leung says

China’s trade growth slowed in October but remained robust, with exports rising 11.6 percent compared to the same period the previous year. The Customs Administration said yesterday that last month’s

Xi says risks linked to China economic slowdown aren’t scary

President Xi Jin- ping signaled China is ready to accept a lower rate of growth, assuring executives that the economy is more resilient than ever and his government can safely guide

Corporate Bits | Paradise Entertainment Limited and Rodolfo Avila announce partnership

This is the first time Paradise Entertainment Limited, holding company of a diverse group of companies (LT Game, Waldo Casino, Casino Kam Pek Paradise and Casino Macau Jockey Club) that

Ask the Vet | 7 Reasons to Spay and Neuter Cats

Male cats are neutered, so the testicles are removed. Female cats are spayed; the ovariohysterectomy procedure consists of the removal of the uterus and the ovaries. The procedure is a

Reinvention and rejuvenation – Foshan seeks new model for success

In 1968, He Xiangjian spent 5,000 yuan on a workshop to make bottle tops in a township of Foshan, Guangdong province. From this humble beginning grew the Midea Group, one

Leak shows scale of Luxembourg’s sweet tax deals

Documents leaked to a group of investigative reporters allegedly show that scores of major multinational companies have sweet deals with the government of Luxembourg that help them avoid taxes in

Lenovo slumps after projecting China ‘hypergrowth’ to end

The stock dropped 5.1 percent to HK$10.78 in Hong Kong, the biggest decline since Feb. 4. Revenue rose 7.2 percent in the three months ended September, the smallest increase since

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