(Reuters) – Australian casino operator Star Entertainment Group swung to an annual loss on Monday, hurt by long spells of COVID-19-led property and border closures, regulatory reviews and compliance costs. The country’s second biggest casino operator said its net loss after tax attributable was A$198.6 million ($136.48) million, compared with a profit of A$57.9 million…
(Reuters) – A jury in Gerogia has returned a $1.7 billion verdict against Ford Motor Co involving a pickup truck crash that claimed the lives of a couple, the AP reported on Sunday. James Butler Jr., lawyer for the Georgia couple Melvin and Voncile Hill who were killed in April 2014 in the rollover wreck…
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Asia’s corporate and macro calendars are remarkably light on Monday, allowing investors to look squarely toward three regional central bank policy decisions later in the week, and more importantly, Jackson Hole. Federal Reserve Chair Jerome Powell will deliver his keynote address…
By Casey Hall and Mimosa Spencer SHANGHAI/PARIS (Reuters) – From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such “aspirational” purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China…
HONG KONG (Reuters) – Casino operator MGM China Holding said it will inject 4.8 billion patacas ($594 million) into its MGM Grande Paradise unit as it prepares to re-tender for a licence to operate its gaming business in Macau. Under the terms of a revised gaming law released by Macau’s legislature earlier this year, a…
By Julie Steenhuysen CHICAGO (Reuters) – A massive recall of Philips breathing devices in 2021 due to a risk of potential injury has left physicians scrambling to find alternatives for the growing number of people who use them. Philips said last week it is about halfway through replacing the 5.5 million devices, which include mechanical…
BERLIN (Reuters) – Volkswagen’s sportscar brand Porsche expects to produce as many units of its Macan model in the electric version as the original with combustion engine, production chief Albrecht Reimold told magazine Automobilwoche. “We produce more than 80,000 units of today’s generation, and in the long term we also plan to produce as many…
LONDON (AP) — The first day of a planned strike at Britain’s biggest container port started Sunday, joining a series of walkouts by transportation workers that have disrupted economic activity across the country. Almost 2,000 workers at the Port of Felixstowe, located about 150 kilometers (93 miles) northeast of London, walked off the jobs over…
MILAN (Reuters) – Italy’s Monte dei Paschi di Siena may raise a much needed 2.5 billion euros ($2.5 billion) in steps, Italian daily La Repubblica reported on Sunday, as the bank looks to boost its capital by mid-November. But the collapse of Prime Minister Mario Draghi’s national unity government in July propelled Italy towards an…
MECKENHEIM, Germany (AP) — Martin Kopf needs natural gas to run his family’s company, Zinkpower GmbH, which rustproofs steel components in western Germany. Zinkpower’s facility outside Bonn uses gas to keep 600 tons of zinc worth 2.5 million euros ($2.5 million) in a molten state every day. The metal will harden otherwise, wrecking the tank…
