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Genting unit plans to issue US$500mil guaranteed notes

PETALING JAYA: Genting Bhd’s indirect wholly-owned subsidiary, GOHL Capital Ltd plans to issue US$500mil-worth guaranteed notes to fund the development of Resorts World Las Vegas and the group’s working capital, among others.

American banks cut new UK property lending on Brexit

LONDON: The cost of borrowing to buy UK commercial property is rising and the amount of credit that lenders, particularly from North America, are willing to advance is falling as concerns about property values grow, according to a survey of 78 lenders by De Montfort University.

Alibaba to double R&D spending to develop new technology

HONG KONG: Alibaba Group Holding Ltd will more than double research and development (R&D) spending to US$15bil over the next three years to develop next-generation technology, drive its sprawling business and explore moonshot projects that could upend industries.

British rights activist barred from Hong Kong ahead of key China congress

HONG KONG (Reuters) - A British activist critical of Hong Kong's rights record said he was barred entry to the Chinese-ruled territory on Wednesday, a week before a crucial Communist Party leadership meeting starts in Beijing.

Japanese teen Osaka stuns Venus in Hong Kong

(Reuters) - Japanese teenager Naomi Osaka fought back from an early break to stun Venus Williams in straight sets and move through to the quarter-finals of the Hong Kong Open on Wednesday.

Hong Kong leader says Asian financial hub faces "grave" challenges

HONG KONG (Reuters) - Hong Kong's Chief Executive Carrie Lam warned in her maiden policy speech on Wednesday that the city faced "grave" challenges and must develop a more diversified economy, unveiling a mix of housing and tax relief policies to raise competitiveness.

Pricey property leaves Hong Kong families struggling to buy own home

HONG KONG (Reuters) - When Hong Kong Chief Executive Carrie Lam officially announced a new "Starter Homes" scheme on Wednesday to help middle-class families own their first home, 27-year-old bank employee Jeffrey Chan was left unmoved.

Highlights - Hong Kong leader Carrie Lam delivers maiden policy address

HONG KONG (Reuters) - The following are highlights of the maiden policy address of Hong Kong leader Carrie Lam on Wednesday as she laid out a blueprint of her government's priorities in the coming five years.

Pricey property leaves Hong Kong families struggling to buy own home

HONG KONG: When Hong Kong Chief Executive Carrie Lam officially announced a new "Starter Homes" scheme on Wednesday to help middle-class families own their first home, 27-year-old bank employee Jeffrey Chan was left unmoved.

Trading volume surges but KLCI slumps on telcos, Genting losses

KUALA LUMPUR: Trading volume on Bursa Malaysia surged past the three billion shares mark on buying of penny stocks but the FBM KLCI slumped nearly four points on selling of telcos and Genting shares.