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(MENAFN - AFP) Australian mogul James Packer's Crown Resorts reported a sharply higher second-half net profit Thursday after scaling down a Macau joint venture which offset weaker turnover from high rollers.

The casino operator, which has been hit by softening demand in Macau following a Chinese corruption crackdown, also announced its chief executive of 10 years Rowen Craigie ...

(MENAFN - AFP) Perched on a northern tip of Qatar, about an hour's drive from the gleaming capital Doha and at the end of "Route 77", stands the secretive city of Ras Laffan.

Behind its closely guarded gates, Ras Laffan is home to 30,000 people, the best white truffles in Qatar, apparently, and a turtle conservation project.

It is also one of the most significant industrial ...

(MENAFN - AFP) Nissan chief executive Carlos Ghosn, credited with reinventing the once nearly bankrupt Japanese automaker, said Thursday he is quitting his post to focus on overhauling rival Mitsubishi Motors, but will stay on as chairman.

Ghosn, 62, who also heads up French automaker Renault, will hand over the CEO title to Hiroto Saikawa, who is currently co-chief executive ...

(MENAFN - AFP) New Zealand's competition watchdog rejected a multi-billion dollar merger between Vodafone NZ and pay-TV operator Sky on Thursday, saying the combined entity would have too much market power.

Sky Network Television and Vodafone unveiled the planned tie-up between New Zealand's largest subscription television service and its second biggest telecoms provider ...

(MENAFN - AFP) Air New Zealand reported a 24 percent fall in interim net profit Thursday amid increased competition in the domestic aviation market.

New Zealand's flag carrier said net profit for the six months to December 31 was NZ$256 million (US$184 million), compared to a record NZ$338 million for the corresponding period a year previously.

"The last six months ...

(MENAFN - AFP) Australian carrier Qantas Airways posted Thursday a 7.5 percent hit to first half earnings, impacted by lower fares, greater competition and empty seats.

Underlying profit before tax fell to Aus$852 million (US$656 million) for the six months ending December 31, but just beat the airline's own guidance.

This compares to Aus$921 million in the same period ...

(MENAFN - AFP) Aliens landed in Milan's fashion week on Wednesday with Annakiki by Chinese designer Anna Yang, who debuted in the Italian city with an out-of-this-world collection.

Chinese designers are making serious headway in Milan, which is hosting for the fall-winter 2017 season newcomers including Xuzhi Chen, who will show in Giorgio Armani's theatre later in the week, ...

(MENAFN - AFP) For the first time in Africa, researchers said Wednesday they have detected a malaria parasite that is partially resistant to the top anti-malaria drug, artemisinin, raising concern about efforts to fight a disease that sickens hundreds of millions of people each year.

The discovery means that Africa now joins southeast Asia in hosting such drug-resistant forms ...

(MENAFN - AFP) Exxon Mobil cut its proved oil reserves by three billion barrels to 20 billion barrels at the end of 2016, the company announced Wednesday.

"As a result of very low prices during 2016, certain quantities of liquids and natural gas no longer qualified as proved reserves under SEC guidelines," the company said in a statement.

In an earnings report in October, ...

(MENAFN - AFP) Tesla on Wednesday slipped back into the red in the recently ended quarter while revenue revved up, with orders for some of its electric car models hitting record highs.

The company forecast that demand for its cars would show strong growth in the first half of this year, and shares rose more than 3 percent to $281.74 in after-market trades despite Tesla's ...

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