Were an US$11 billion-plus deal to go through for casino operator MGM Resorts International to transform its business model by acquiring online betting conglomerate Entain Plc, it could lead the MGM brand to take a smaller role in a land-based casino resort in Japan, and long-term could even see the MGM parent divest its interest in Macau casino licensee MGM China ...
Read More »China
NYSE to delist Chinese telco giants on US executive order
China Mobile Ltd., China Telecom Corp Ltd., China Unicom Hong Kong Ltd will be suspended from trading between Jan. 7 and Jan. 11, and proceedings to delist them have started, according to a statement by the exchange. The New York Stock Exchange said it will delist three Chinese corporations to comply with a U.S. executive order that imposed restrictions on companies identified as affiliated ...
Read More »HNWIs fuel ‘significant’ rise in China’s ESG investing: report
China has experienced a significant rise in discussion of environmental, social, and governance (ESG) investing over the past few years, driven by HNWIs, globalization and regulatory support, a report published today by Cerulli Associates has found. The report concludes that current ESG demand in China is driven by large institutional investors and high-net-worth investors (HNWIs). Ping An Insurance Group is ...
Read More »UEFA launches UEFA Women’s Champions League 2021–25 media rights RFP
UEFA has today launched a Request for Proposals (RFP) process in relation to the acquisition of media rights for the UEFA Women’s Champions League 2021–25 cycle. Olympique Lyon celebrate winning the UEFA Women’s Champions League last month Media rights for the UEFA Women’s Champions League will be fully centralised as of the 2021/22 season, from the newly created group stage ...
Read More »DNA Exclusive: India bids adieu to Tibetan Commando, opens new diplomatic chapter amid tensions with China
Tenzin, who was martyred in the military action against Chinese PLS on the intervening night of August 29, 30, was the company leader of the SFF, which is also known as the Development Regiment or Vikas Regiment. New Delhi: The nation on Monday (September 7) bid adieu to Special Frontier Force’s (SFF) Commando Nyima Tenzin, a member of the Tibetan community, ...
Read More »Foreign investment rules ‘too secretive’
The federal government’s foreign investment review system imposes too many conditions on bids and is “unusually secretive”, potentially deterring offshore investors and reducing the incomes of Australians, the Productivity Commission has warned. Bidder application fees sometimes exceeding $100,000 to the Foreign Investment Review Board were akin to “taxes, not a fee for service” and should be cut in line with the cost ...
Read More »China Airlines issues A350-900 leaseback RFP: sources
China Airlines has issued a request for proposals for the sale and leaseback of two Airbus A350-900s, according to two sources. The Taiwanese flag carrier has returned to the market after agreeing to sell and lease back five A330-300s earlier this month. The deadline for bids on the A350s is 1 June, and the airline is seeking an average lease ...
Read More »China’s Dy, Tb rise on high bids, possible stockpiling
A rise in bid prices from major rare earth firms and expectations of a national stockpiling drive have pushed up China’s dysprosium and terbium prices, despite limited spot demand from the magnet sector, according to market participants. The range for 99.5pc dysprosium oxide rose to 1,850-1,870 yuan/kg ($260-262/kg) ex-works today, up from Yn1,780-1,800/kg ex-works on 15 May and from Yn1,760-1,780/kg ...
Read More »China’s top energy firms to grow gas output despite spending cuts
The world’s top energy consumer is forecast to expand its natural gas production by 5 per cent or more in 2020 despite plans for deep spending cuts which will likely curb local oil production, they said SINGAPORE/BEIJING: China’s top energy producers will grow their natural gas output this year by twice as much as in the previous oil rout even ...
Read More »MGM Resorts Continues with Osaka IR bid in Japan
IN SUMMARY:MGM sole player for the Osaka IR bid in Japan, company moves forward as plannedRFP delays are expected due to the novel coronavirus outbreak, MGM is preparedMGM China – revenue decline observed for Q1 after strong start in January MGM Resorts CEO Bill Hornbuckle noted that the company is proceeding as planned for its Osaka IR bid in Japan. ...
Read More »Asian stock market: On the bids despite downbeat China PMI, trade war hints
MSCI’s Asia-Pacific Index surges to the six-week top amid promising cure to the pandemic.Chinese PMIs soften in April, US President Trump raised doubts on the US-China trade deal.US GDP, Fed failed to defy Wall Street’s rally on virus treatment hopes.US Jobless Claims, ECB and news concerning the COVID-19 will be in focus. Asian traders followed the footsteps of Wall Street, ...
Read More »IOCs, traders vie to market Guyana’s oil: Update
Includes full list of bidders. ExxonMobil, which spearheaded Guyana’s deepwater oil play, is among 34 companies that presented bids for a one-year contract to market the government’s share of crude. Other bidders include Shell, Norway’s Equinor, France’s Total, Swiss-based traders Gunvor, Glencore Mercuria and Vitol, the UK trading arm of Saudi Arabia’s Aramco and Russia’s Lukoil, Guyana’s government said after ...
Read More »Foreign Bids for Australian Power Grid Test Government Resolve
China’s State Grid among foreign bidders for TransGrid asset Australia, criticized for Darwin Port lease, stopped farm sale Share on Facebook Share on Twitter Foreign investors are in three of the four groups bidding for a A$9 billion ($6.5 billion) electricity network in Australia’s biggest state economy, underscoring the balancing act facing governments trying to get top price for assets ...
Read More »