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Hong Kong Disneyland posts 2016 loss on tourism softness

  Bloomberg Hong Kong Disneyland posted a wider annual loss on Monday as attendance by mainland Chinese tourists dropped amid a softer tourism market. The park said it lost 171 million Hong Kong dollars ($22 million) on revenue of HK$4.8 billion for its most recent financial year, which ended October 3. Some 6.1 million people visited the park last year. ...

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Singapore’s restaurants outperform peers

  Bloomberg As Singapore’s stock market continues to rally, an often overlooked sector is getting a boost. The city-state’s listed restaurants have outperformed regional and global peers as dining out drives shares higher. These companies may be steady defensive businesses with consistent margins, said Gregory Yap, an analyst at Maybank Kim Eng. The Straits Times Index has surged 7.9% this ...

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Unilever plunges as early opposition kills Kraft Heinz bid

  Bloomberg Kraft Heinz Co.’s $143 billion bid for Unilever NV collapsed just two days after it became public knowledge, with the adamance of the Anglo-Dutch target’s rejection said to play into billionaire Warren Buffett’s longtime aversion to hostile deals. Unilever shares fell as much as 7.9 percent in early trading in London on Monday, reversing some of their gain ...

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