Corporate bits | Sandy Lam performs at the Venetian

Hong Kong entertainer Sandy Lam produced a tour de force performance for her 2017 “Sandy Lam Pranava World Tour – Macau” at The Venetian  Macao on Saturday.

Accompanied on stage by international musicians, Lam gave fans a ‘best of’ repertoire of classic love ballads and upbeat dance tracks. Lam also performed hits from her album “Gaia”, for which she won four awards at the 24th Golden Melody Awards in 2013.

According to a press release issued by Sands China, the concert was based on a Sanskrit concept of “cosmic sound” and celestial energy.

This was reflected during numbers themed around natural elements such as water, fire and wind. Lam also charmed fans in the 30 outfits she had made specifically for the tour, which cost around USD200,000.

The “2017 Sandy Lam Pranava World Tour” kicked off with three sold-out concerts in Hong Kong last year, followed by performances in Singapore and Shanghai.

Peugeot said to reach deal to buy Opel

A Peugeot lion logo sits on a Peugeot 208 automobile inside the PSA Peugeot Citroen automobile showroom on the Avenue des Champs-Elysee in Paris, France, on Wednesday, July 29, 2015. Renault SA shares fell the most in almost four years after its first-half profit gain failed to keep pace with fellow French carmaker Peugeot. Photographer: Jasper Juinen/Bloomberg

PSA Group and General Motors Co. are set to announce today the purchase of the Opel brand by the French company, creating the region’s second-largest automaker and allowing GM to exit the European market, according to people familiar with the matter.

The two carmakers, which sent an invitation for a joint press conference in Paris today, have reached a framework agreement to complete the deal, according to people familiar with the matter, who asked not to be identified because negotiations are private. While final talks on remaining details of the transaction are ongoing, PSA’s board signed off on the transaction on Friday, the people said. Spokesmen for PSA and Opel declined to comment.

One of the key negotiating points has been how PSA can achieve about 2 billion euros ($2.1 billion) in savings from a deal, said one person. These would come largely from potential future capacity reductions as well as savings from joint purchasing, sharing more parts and lowering overhead costs, the person said.

PSA and GM are also discussing the French carmaker’s ability to sell Opel vehicles globally and the U.S. company’s right to bring Chevrolet-branded models to Europe down the line, two people said.