Chow Tai Fook profit drops 46 percent as China slowdown hits sales

Chow Tai Fook Jewellery Group Ltd., the world’s largest publicly traded jewelry chain, reported full-year profit declined 46 percent amid weak demand in Hong Kong and Macau as China’s economic

Corporate Bits | wynn’s golden flower named ‘best f&b in macau’

Wynn Macau’s signature Tan cuisine restaurant Golden Flower has been awarded the “Best F&B in Macau” accolade at the recent 2016 Hurun Presidential Awards Ceremony, which was recently held in

Partnership announced for high-speed ferry construction

Australian-based Austal has formed a joint venture with a Chinese ship building company to build and market commercial aluminum vessels, designed by the Australian company, in Guangdong province. According to a

Labor | US worker productivity slumped again in Q1

American workers were less productive again in the January-March quarter, although the decline wasn’t as severe as first thought. Meanwhile, labor costs climbed at a faster pace than initially estimated. The

Banking | Japanese banks tighten up after USD16 million taken from ATMs

Japanese banks that lost some 1.8 billion yen (USD16.5 million) when fake overseas cards were used at convenience store ATMs are scrambling to combat such fraud. Seven Bank, which operates ATMs

Hong Kongers accuse France’s Lancome of kowtowing to Beijing

French cosmetics company Lancome has sparked a backlash in Hong Kong after it canceled a promotional concert featuring a singer known for pro-democracy views, with many accusing it of caving

Hong Kong | Teen activist acquitted over 2014 protest

A Hong Kong court yesterday acquitted teen pro-democracy leader Joshua Wong of obstructing police at a protest two years ago against China’s tightening hold on the city. Wong tweeted that he

China pledges to cut steel glut, avoid race to devalue yuan

China promised yesterday to rein in steel production that is flooding global markets and to work with Washington to enforce anti-nuclear sanctions against North Korea, but the two sides ended

Inner Mongolia | 74 on trial over murder for compensation plots

Prosecutors in northern China have indicted 74 people for murder and other charges related to scams in which the deaths were staged to look like mining accidents in order to

Japan | Woman breaks silence among Fukushima thyroid cancer patients

She’s 21, has thyroid cancer, and wants people in her prefecture in northeastern Japan to get screened for it. That statement might not seem provocative, but her prefecture is Fukushima,

Diplomacy | Is the Obama-Modi friendship real? In India, many doubt it

It’s a friendship between two powerful men that transcends politics, transcends diplomacy. It certainly looked like genuine affection when Indian Prime Minister Narendra Modi pulled President Barack Obama into a bear

Thailand | Police find tiger slaughterhouse in temple probe

Police investigating Thailand’s now infamous Tiger Temple found what they believe was a slaughterhouse and tiger holding facility used in a suspected animal trafficking network. The discovery yesterday is the latest

USA Elections | Sanders focus on California; Clinton has sufficient backing

Facing elimination, Bernie Sanders vowed yesterday to win primaries in California and beyond even as Hillary Clinton secured the commitments of enough delegates to become the presumptive Democratic presidential

Middle East | Saudis to create more jobs, cut subsidies in reform plan

Saudi Arabia unveiled the details of the first phase of an economic overhaul aimed at reducing reliance on oil exports and preparing for the millions of young people who will

This Day in History | 1968 James Earl Ray quizzed over King death

A 40-year-old man has been arrested in London in connection with the murder of American civil rights leader Martin Luther King. James Earl Ray is being questioned by police after he

Offbeat | Ukraine border guards discover bootleg alcohol pipeline

Authorities in Ukraine say they have foiled plans to ship bootleg alcohol from Moldova to Ukraine via a pipeline. The SBU security service said yesterday that border guards in the country’s

Chess | Obituary: Victor Korchnoi, Soviet-born chess grandmaster, dead at 85

Chess grandmaster Victor Korchnoi, a former Soviet champion who defected to the West and was considered among the best players never to win a world championship, died yesterday , his

Golf | Tiger Woods to write book on ‘97 Masters

Tiger Woods is getting back to work — as an author. Woods is writing his second book, which will look back on his historic victory in the 1997 Masters, when he

Made in Macao | What to do on Dragon Boat day?

Tomorrow we enjoy another public holiday, the Tuen Ng Festival 端午節 or, as it is more widely known, the Dragon Boat Festival. Although it is one of the three most

Wednesday, June 8, 2016 – edition no. 2574

* Fouled Zhuhai property buyers hand petition to the Chief Executive * Consumers disappointed * Filipinos celebrate independence day * Clinton has sufficient backing   DOWNLOAD

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