Hong Kong | Gucci spars with landlords as mainland demand slumps

Landlords on Hong Kong’s Russell Street a year ago could boast the highest retail rents in the world. Now they are adjusting to a new reality. Burberry Group Plc, Kering SA

Yuan slides after Beijing announces currency devaluation

China devalued its tightly controlled currency yesterday following a slump in trade, allowing the yuan’s biggest one-day decline in a decade. The central bank said the yuan’s fall was due to

RMB depreciation screams buy dollars before Fed’s move

China’s decision to devalue the yuan is good news for dollar bulls. China’s central bank cut the yuan’s daily-fixing rate by a record 1.9 percent yesterday after the International Monetary Fund

Q&A: What yuan weakening means for Beijing, other countries

China devalued its tightly controlled currency yesterday. The central bank said it was trying to make the state-controlled exchange rate more market-oriented. In recent months, the yuan has strengthened along with

Court gives ex-general suspended death sentence for bribery

A military court yesterday gave a former general a suspended death sentence for bribery and other crimes, state media reported, in the case against the highest-ranking military officer to be

Popular video services take censorship into own hands

In China, even aspiring singers and would-be comedians bow to constant and automatic online surveillance. The country’s largest “social video” websites - where viewers debate and reward their favorite karaoke ditties

TV host to be punished for insulting Mao in private 

Authorities ordered a state broadcaster to punish a popular TV celebrity for insulting Communist Party founder Mao Zedong at a private dinner, state media reported. Bi Fujian was a talent show

Alibaba takes USD4.63b stake in electronics seller Suning

Alibaba said yesterday that it will invest 28.3 billion yuan (USD4.63 billion) to become the largest shareholder in the company. Alibaba said the companies will collaborate on e-commerce, logistics and

Briefs | Typhoon Soudelor kills 17

Typhoon Soudelor has left seventeen people dead with five still missing, the State Flood Control and Drought Relief Headquarters said yesterday. More than three million people and 110,000 hectares of

FT: What if Mao still ran things?

With the Chinese economy slowing and the stock market bubble bursting, a Financial Times article is highlighting research by a group of prominent economists that says a return to Maoist

Weak demand for products adds to case for more stimulus

Chinese policymakers face mounting pressure to support economic growth after an unexpectedly large drop in exports last month and the steepest decline in producer prices in almost six years. China’s producer-price

Typhoon Soudelor weakens after leaving 22 dead, missing 

A typhoon that lashed Taiwan dumped heavy rain and winds on the Chinese mainland yesterday, leaving a total of 22 people dead or missing, collapsing homes and trees and cutting

Lawyer taken away after supporting other colleagues

A Chinese lawyer who spoke up on behalf of rights lawyers persecuted by authorities was himself taken away by police in handcuffs, his wife said Friday. Police came just before midnight

Inflation edges up to 1.6 percent in July

Consumer inflation edged up to a still-low 1.6 percent year-on-year in July, government data showed yesterday, leaving room for Beijing to cut interest rates or take other steps to stimulate

Mixed messages on 777 part frustrate mainland Flight 370 relatives

The confusion and frustration that punctuated the investigation into the disappearance of Malaysia Airlines Flight 370 erupted anew yesterday after officials offered conflicting levels of confidence on whether a piece

Lawyer: Jailed journalist Gao Yu has heart problems

Imprisoned Chinese journalist Gao Yu has been diagnosed with heart problems and a request for parole on medical grounds is pending, her lawyer said yesterday. Gao, 71, is serving a seven-year

US demands halt to provocative South China Sea activities

In a direct challenge to China, U.S. Secretary of State John Kerry called yesterday for all claimants to disputed territories in the South China Sea to immediately halt provocative activities that have ratcheted

Gov’t orders homemade sex videos removed from social media

China’s top anti-pornography office yesterday announced its latest mission: a campaign to remove amateur sex videos from China’s social media. Long intolerant of obscenity online, Beijing authorities are now trying to

Uighurs deported from Thailand remain in detention

Chinese state media say minority Muslim Uighurs deported from Thailand to China remain in detention while authorities investigate whether some planned to join the Islamic State or other groups in the Middle

Ai Weiwei says gov’t promised he can return

Artist Ai Weiwei said in an interview published yesterday that Chinese authorities returned his passport with almost no strings attached and promised him he can return to China. Ai traveled to

WP2Social Auto Publish Powered By : XYZScripts.com
MACAU DAILY TIMES