Chinese demand drives Aussie wine exports to USD2b in 2018

The value of Australia’s wine exports grew 10 percent to AUD2.82 billion (USD2 billion) in 2018 with China again leading the way, data has revealed.

Survey | CEO pessimism on economy spreads after upbeat 2018

A survey of hundreds of corporate leaders shows “a record jump in pessimism” about the world economy, with sentiment doused by trade spats, a global downturn and fading benefits

Starbucks expands Uber delivery venture to San Francisco, London

Starbucks Corp. is expanding its venture with Uber Eats, offering delivery in San Francisco followed by expansion into other major U.S. cities and rolling out

Toyota, Panasonic announce venture for green auto batteries

Toyota Motor Corp. and Panasonic Corp. are setting up a joint venture to research, manufacture and sell batteries for ecological autos, an increasingly lucrative sector amid concerns

MasterCard fined USD648m for ramping up EU card fees

MasterCard Inc. was fined 570.6 million euros (USD648 million) by the European Union for imposing rules that regulators said may have artificially raised the costs of

EU’s antitrust cop lays groundwork for more tech scrutiny

Silicon Valley’s notorious nemesis, Margrethe Vestager, plans to end her term as the European Union’s antitrust enforcer this year with a bang, laying out a long-term plan

Corporate Bits | Hong Kong singer G.E.M to return to the Cotai arena

Hong Kong singer-songwriter G.E.M. will return to The Venetian Macao’s Cotai Arena on March 9 with her “G.E.M. Queen of Hearts World Tour Concert in Macau.” The local concert will

‘Stealth easing’ spreads in China property as debt risks mount

Stealth easing is Nomura Holdings Inc.’s description of measures rolled out in some Chinese cities in recent months to counter a faltering property market. In one of

IMF warns of no-deal Brexit risks as UK’s time runs short

The International Monetary Fund renewed its warning about the risks to the U.K.’s economic outlook if Britain leaves the European Union without a deal. The Washington-based

Nintendo rebounds as optimistic signs emerge after a brutal year

Nintendo Co. investors, battered by slower-than-anticipated sales of the Switch and a steep share decline last year, are starting to feel optimistic again. The possibility of

Obituary | Henry Sy, billionaire who started as a shoe seller, dies at 94

Henry Sy, who became a billionaire by parlaying a shoe store into the biggest retailer in the Philippines, has died. He was 94. He died

Corporate Bits | Sands China to pay bonus by end of January

Sands China Ltd. will pay a discretionary bonus to all eligible full-time team members on January 31, the gaming operator announced in a statement. A discretionary bonus equivalent to

A peek at how Disney resort shows are made

With excitement building over a new “Star Wars” land opening later this year at Walt Disney World, as well as at its California cousin, it’s easy

Corporate Bits | Galaxy to pay bonus to team members

Galaxy Entertainment Group will be giving a 2018 discretionary bonus equivalent to one month’s salary to all eligible team members at and below senior manager level.

Property | London, NYC, HK no longer immune to housing slump

In the years since the financial crisis, global cities like London, Hong Kong and New York appeared to defy housing-market cycles, thanks to a concentration of

US | Online gambling reversal puts ‘chill’ on industry

THE U.S. Justice Department’s decision to expand a federal prohibition on internet gambling will cast a pall on the industry as businesses and state lotteries evaluate the implications

Corporate Bits | MGM offers festive menu for lunar new year

  During the Lunar New Year, the Chinese restaurants Chun in MGM Cotai and Imperial Court in MGM Macau, will offer two types of traditional “Big Bowl Feast” set between January 30 to February 17. Both

Gaming | US: Atlantic City casino revenue up, but newbies hurt others

Two reopened casinos and half a year of sports betting helped push Atlantic City’s casino revenue up 7.5 percent in 2018 to nearly USD2.86 billion, state

Huawei founder says company would not share user secrets

The founder of Huawei, in a new effort to allay Western security concerns, said yesterday that the Chinese tech giant would not comply with Chinese government requests

Cuban cigar maker eyes growing market in Macau and mainland China

Cuban premium hand-rolled cigars are becoming quite popular in China, which is considered the most important emerging market for at least one particular company. In

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