Axa bets market set for rebound with USD15.3b XL deal

Axa SA Chief Executive Officer Thomas Buberl is betting the worst is over for insurance. His USD15.3 billion purchase of XL Group Ltd., the company’s biggest

Noble group paid Co-CEO USD20m as company lost billions

Noble Group Ltd. handed its outgoing co-Chief Executive Officer Jeff Frase a remuneration package worth about USD20 million last year, even as the commodity trader slumped

Tencent CEO urges ID link for Hong Kong and Chinese citizens

Tencent Holdings Ltd. Chairman Ma Huateng called on the Chinese government to introduce an ID system that would link multiple sets of travel documents with a mobile

Casino-backed startup eyeing Alzheimer’s cure worth USD2.5b

It hasn’t found a cure for Alzheimer’s disease and doesn’t have any drugs on the market. Yet, TauRx Pharmaceuticals Ltd. says the company’s worth about USD2.5 billion

Corporate Bits | Hong Kong jet announces upgraded maintenance for g550s

Hongkong Jet has announced the upgrade and expansion of its HKAR-145 maintenance capabilities to include the ability to certify the Gulfstream G550 to 144MOS/12C level.

Real Estate Matters | Using your BATNA to negotiate – Part 2

Continuing on from last week's article on negotiation and the BATNA, we will explore some other simple techniques you can use during negotiating to put the odds in

Philippines | Manila airport bid challenged by USD3b offer

Aventure of Megawide Construction Corp. and GMR Infrastructure Ltd. submitted a USD3 billion proposal to upgrade and expand the Philippine capital’s 70-year-old airport, challenging a $6.7

Gaming | Sports betting’s big wager: Will younger bettors ante up?

As the push to legalize sports gambling in the U.S. nears a crucial Supreme Court decision, states hoping to reap a financial windfall could face another hurdle:

Xi’s warning to investors: Any Chinese billionaire could fall

President Xi Jinping’s government has fired another warning shot at global dealmakers doing business with Chinese billionaires: Not even the most well-connected tycoons are safe.

One song at a time | Spotify’s unusual IPO seeks to drum up fans on Wall Street

Music-streaming pioneer Spotify is hoping to attract a new crowd of fans on Wall Street as its competition with Apple heats up. Spotify is pursuing

Crypto’s hottest hires aren’t millennials. They’re banking cops

Veteran Wall Street enforcers are landing new roles on a wild frontier: virtual currencies. A growing number of crypto startups are adding former regulators

Toys ‘R’ Us’s UK arm enters administration after failed sale

Toys “R” Us Inc.’s U.K. unit said it entered into administration yesterday after talks to sell the business fell through. Simon Thomas and Arron

China | Move to extend leader’s role fuels business anxiety

The ruling Communist Party’s move to let leader Xi Jinping remain China’s president indefinitely is fueling anxiety that Beijing might be undermining reforms needed to

Corporate Bits | GEG announces salary rise for staff

Galaxy Entertainment Group announced that all eligible team members will be entitled to a pay rise that will be between 2.5 percent and 8 percent of

Hard Rock casino to flood Atlantic City with live music

Atlantic City’s newest casino promises to flood the city with live music. The music-themed Hard Rock casino opening this summer promises to become an East Coast

Corporate Bits | Promoters announce second show for Bruno Mars concert

Due to popular demand, Live Nation Lushington and The Venetian Macao have announced that a second show for the “Bruno Mars 24K Magic World Tour in Macao 2018” will be held on April

Weinstein Co. to file for bankruptcy after deal collapses

The global #MeToo movement that Harvey Weinstein unwittingly kicked off is now claiming the company he founded, the Weinstein Co. The Los Angeles-based film studio will file

How to fly the best first-class seats, cheaper than economy

Airline industry experts have been proclaiming the death of first class for years. While some airlines have done away with it altogether, others are doubling

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