HONG KONG (Reuters) – Shares of Macau Legend, which owns and operates a casino resort in Macau, fell more than 20% to an all-time low on Monday after its chief executive was arrested and detained by police in the world’s largest gambling hub. CEO Chan Weng Lin’s arrest comes as authorities have stepped up a…
By Wayne Cole SYDNEY (Reuters) – Asian share markets made guarded gains on Monday ahead of a week that is likely to see a rise in UK interest rates and mixed reports on U.S. jobs and manufacturing, while surging oil prices add to worries over inflation. Data out on Sunday showed China’s factory activity slowed…
By Yuka Obayashi TOKYO (Reuters) – Oil rose 1% on Monday, hovering near 7-year highs hit in the previous session, amid concerns over tight supply as well as geopolitical tensions in Eastern Europe and the Middle East. Brent crude rose 92 cents, or 1.0%, to $90.95 a barrel at 0051 GMT, after adding 69 cents…
By Alun John HONG KONG (Reuters) – The dollar was near a year-and-a-half high against the euro on Monday with equities markets volatility expected to push it higher in the short-term as traders eyed upcoming Australian, UK and European central bank meetings. The euro was at $1.1148, just off last Friday’s low of $1.1119, its…
By Daniel Leussink TOKYO (Reuters) – Japan’s factory output shrank for the first time in three months in December as a decline in machinery outweighed a small rise in car production, casting a cloud over the strength of the economic recovery. Retail sales posted their third straight month of year-on-year gains in December as low…
SHANGHAI (Reuters) -A growing number of Chinese construction and decoration companies are writing off assets or issuing profit warnings as debt woes at China Evergrande Group and other property developers debilitate their suppliers. More such disclosures are expected during the upcoming earnings season, putting pressure on Chinese authorities to do more to limit the contagion…
By Tom Polansek CHICAGO (Reuters) – The U.S. Department of Agriculture said on Sunday it will help fund a new container yard for agricultural exports at California’s Port of Oakland, as the government, ports and food companies scramble to ease costly shipping delays. The multimillion-dollar project is set to open in March, and officials said…
ROME (Reuters) – Italy’s Treasury is pushing for a change at the helm of Monte dei Paschi (MPS) of which it owns 64%, as the bailed-out lender gears up to tap markets for cash, three sources close to the matter said. The Treasury late last year refused to meet terms set by Italy’s second-biggest bank…
LAGOS (Reuters) – Binance, the world’s largest cryptocurrency exchange, has restricted the personal accounts of 281 Nigerian users, citing a need to comply with international money laundering laws, its CEO said. Changpeng Zhao said in a letter to Nigerian customers dated Jan. 29 that the decision to restrict some personal accounts was to ensure user…
BERLIN (Reuters) – Some employees of Deutsche Bank’s Postbank will stage a strike on Monday to raise pressure on management to meet their demands for higher wages in the face of rising inflation, a union official said on Sunday. The strikes at branches in Berlin, Dortmund and Cologne as well as at the bank’s call…
