Hilton stocks slide after it cuts its forecasts but says spin-offs on track October 26, 2016 Hilton Worldwide Holdings cut its full-year forecasts for the third time today, citing weak travel demand in the US and political uncertainty in Europe slashing demand. The hotel chain giant, which is in the process of turning itself into three separate entities, grew less than expected in the last quarter and issued a downbeat view [...]
Alibaba’s sports arm invests $100m into rugby in China and sets ambitious targets for growth October 26, 2016 Alibaba will invest $100m (£82m) into Chinese rugby over the next 10 years as part of a joint initiative with World Rugby to grow the game in the world's most populous country. Alisports, the sporting arm of e-commerce giant Alibaba, says it wants to bring 1m new players into the " great Olympic team sport" within the next [...]
Start with a blank canvas: How to invest in the art market October 26, 2016 For years the idea of purchasing art as an investment was frowned upon by purists in the art world – the two should be separate, like church and state. Art as investment is certainly not for everyone: the market is quite illiquid, prices can be volatile, and storage costs can outweigh profits. But as investors [...]
The devil you know, the devil you don’t: How to protect your investments whoever wins the US election October 25, 2016 As polling day draws near, it is regrettable that the contest to become the 45th President of the United States has been more about personality than policy. The campaign has been distinguished on one side by preposterous promises to suspend the entry of Muslims into the country and build a hard border with Mexico, and [...]
Chinese firm HNA takes 25 per cent stake in Hilton Hotels October 24, 2016 Chinese conglomerate HNA Group have announced it will buy 25 per cent of Hilton Worldwide Holdings Inc from Blackstone Group L.P for $6.5billion dollars. The latest move by a Chinese company into Western assets will see HNA pay $26.25 per share in cash for the stake, 15 per cent above Hilton's closing stock price on [...]
Glencore lands thermal coal supply deal for $95 a tonne with Japanese utilities in one-third price boost October 24, 2016 Glencore has signed a year-long contract to supply Japanese utility companies with Australian thermal coal for almost $95 a tonne. The spot price of Australian thermal coal, which is the Pacific benchmark, reached $100 last week for the first time in four years. The material is mostly used in power generation and has rallied to almost double [...]
Long Weekend: Discover the glitzy nightlife and historic Portuguese-Chinese heritage of Macao, China October 21, 2016 THE WEEKEND: Macao may be known for its glitzy nightlife, but this unique destination only 40 miles from Hong Kong on the south coast of China offers a whole lot more than the roll of the dice. A huge foodie scene, a dazzling array of luxury hotels and a vibrant selection of cultural hotspots make [...]
Holiday Homes: Rare homes for sale in the middle of the Indian Ocean, from Soneva Group, first company to sell property internationally in the Maldives October 21, 2016 Falling asleep under the stars in the Maldives sounds like the sort of once-in-a-lifetime experience reserved for honey-mooning couples. But it could be a regular part of your life, at least for a few weeks a year, if you invest in one of the properties on sale at the newly-opened Soneva Jani, which is the [...]
Before the bell: What you need to know before the US market open October 19, 2016 The global economic picture is looking rosier as the UK labour market holds up in the face of the shock vote to quit the European Union and the Chinese economy is showing signs of stabilising. Here's what you need to know before the US market open at 2:30pm London time. US futures are mixed ahead of the [...]
Before the bell: What you need to know before the US market open October 18, 2016 Inflation in the UK has jumped, and new loans in China grew by more than expected. Here's what you need to know before the US market open at 2:30pm. US futures are pointing higher ahead of the open. The S&P is up by 0.54 per cent, while the Nasdaq is 0.62 per cent higher. The Dow [...]