Gaming | Melco’s 2014 profit decreases

Melco International Development Limited has announced that its total profit in 2014 reached HKD1.49 billion, compared to the HKD1.60 billion profit recorded in the previous year. This represents a 6.8-percent

Prada Posts 28pct drop in profit

Prada SpA reported a 28 percent drop in full-year profit as fewer Chinese shoppers splurged on USD2,950 leather handbags and other luxury products. Net income in the year through January fell

Citic leads brokers rally as China seeks to further open markets

Citic Securities Co. jumped to a two-month high as brokerages advanced after China’s securities regulator said it will do more to open mainland financial markets. Citic rose 7 percent to HKD29

Corporate Bits: MGM management recognized with four awards

“To have our local management team recognized as being one of the best managed companies on the Exchange, alongside some of the most successful companies in the region, is a

Chinese amongst favorites to buy Portugal’s Novo Banco

Chinese companies that have applied to acquire Portugal’s Novo Banco (NB), which inherited the “healthy” assets of the beleaguered Banco Espírito Santo, are considered favorite’s for the deal, which may

Zhou says PBOC has room to act on growth slowdown

China’s central bank chief said that the nation’s growth rate has tumbled “a bit” too much and that policy makers have scope to respond, underscoring forecasts for further monetary easing

US reiterates rejection of China led bank as more nations join

  The U.S. stood firm on rejecting membership in a new China-led infrastructure bank, citing concerns it will fall short of international standards even as the rest of the world’s biggest

Payment requirement for some second homes lowered

The People’s Bank of China cut the minimum down payment to 40 percent from 60 percent for some people buying a second home before paying off an existing mortgage. The

Guangdong makes new bid for PanAust as copper prices falter

Guangdong Rising Assets Management Co., a state-owned Chinese investor, made a new offer for PanAust Ltd. valuing the copper producer at about A$1.1 billion (USD773 million). The target’s shares jumped

Malaysia | With Lee’s passing, Mahathir is last of SE Asia’s old guards

Two of Asia's best-known strongmen, Singapore's Lee Kuan Yew and Malaysia's Mahathir Mohamad, had much in common — a streak of authoritarianism, little tolerance for dissent and vision that changed

Bangladesh | Blogger hacked to death in Dhaka

A blogger was hacked to death by three men in Bangladesh's capital yesterday, and two of the attackers were caught near the scene, police said. The killing took place a month

Germanwings Tragedy | Prosecutors: Co-pilot treated for suicidal tendencies

  The co-pilot of Germanwings Flight 9525 that crashed into the French Alps last week had received treatment for suicidal tendencies several years ago, prosecutors said yesterday. Duesseldorf prosecutors say co-pilot Andreas

3 generations, all named Emma, die in France crash

From a lush suburban valley near bustling Barcelona, three generations of a well-heeled family set off last week for a fun trip to Manchester, England: 12-year-­old Emma Solera Pardo, her

Nigeria | US, UK: Signs of political interference in election

The United States and Britain said yesterday here are signs that the vote counting for Nigeria's presidential election may be subverted by "deliberate political interference." A joint statement says the countries

This Day in History: 1953 Queen Mary laid to rest in Windsor

The former Queen’s body was brought by car from London to Windsor in the early hours of this morning. It had lain-in-state at Westminster Hall from 29 to 30 March

Offbeat: Grandma is a centerfold: Rest home bares all for calendar

Miss March, who’s 88, wears a green top hat and not much else in the calendar from Pleasant Pointe Assisted Living, and the centerfolds are two women in their 90s

Bleary-eyed Australians celebrate World Cup win

Australian players sheltered behind dark glasses yesterday at a public reception the day after their victory over New Zealand in the Cricket World Cup final. Captain Michael Clarke carried the World

Sailing | Joint leaders of Volvo Ocean Race quit with broken mast

The Chinese boat sharing the overall lead in the Volvo Ocean race was forced to quit the fifth leg yesterday when it broke a mast in the Southern Ocean. The incident

Alcoholism, violence and neglect: life as George Best’s son

There’s one place where the memory of George Best is forever of the stylish winger who bamboozled defenders and thrilled fans. Immortalized in bronze outside Old Trafford, a statue featuring Best

Our Desk: Our environment needs another Policy Address

It’s that time of the year when the Chief Executive attends the Legislative Assembly plenary meeting to discuss his action plan for 2015. Until April 17, all five government secretaries

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