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Casino hub Macau braces for impact of slowing Chinese economy As the Chinese territory of Macau marks 20 years since its handover from Portugu... The legislation is meant to improve the compliance of junkets, which often use underground banking networks The measures are expected to further cool the VIP market, which accounts for about half of the monthly $3 billion in casino revenue Our Standards:The Thomson Reuters Trust Principles
Macquarie eyes China growth, despite trade tensions Macquarie Group has played down the risks to its business in China from the mounting trade tensions between  the world's two biggest economies. These people are not cufflink-wearing excel jockeys, these are people in hard hats and steel-cap boots In a presentation to investors, Macquarie executives highlighted infrastructure opportunities across the region, including renewable energy, or infrastructure such as roads Macquarie has $58 billion in assets under management in Asia, about 12 per cent of the group’s total
How a Philippines regulator stymied DowDuPont's global seed launch A Philippines regulator poses an unexpected obstacle to DowDuPont's launch ... There are more players, and you know how bureaucratic the process is, said Geronima Eusebio, head of biotech for the government’s Bureau of Plant Industry, adding that personnel still need training in the new regulations Our Standards:The Thomson Reuters Trust Principles
Malaysia's fourth-quarter GDP growth seen picking up on spending,... Malaysia's economy probably grew faster in the fourth quarter with exports ... However, overall growth in the fourth quarter was expected to have been weighed down by lower consumer and business sentiment compared with the previous quarter, HSBC said Julia Goh, a Malaysia-based economist with UOB, said that a lack of clarity from the government on corporate incentives may also have crimped economic expansion in the fourth quarter as companies halt or slow plans for more investment Our Standards:The Thomson Reuters Trust Principles
Stocks buoyed by deal to avert U.S. government shutdown Asian shares gained on Tuesday as investors hoped a new round of U.S.-China trad... REUTERS/Kim Kyung-Hoon Market sentiment also got a boost on news U.S. lawmakers had reached a tentative deal on border security funding that could help avert another partial government shutdown due to start on Saturday The trade dispute has already started to impact global growth, hitting businesses confidence, factory activity and disrupting supply chains tariff row could severely hurt corporate earnings globally Our Standards:The Thomson Reuters Trust Principles
Egyptian billionaire: Trump is right, China has been 'raping' us for a long time Still, Egyptian billionaire Naguib Sawiris expressed optimism about the future for trade negotiations between the U.S. and China: "I think they'll come to a conclusion — because China has more ambition than to start now another aggravation." Egyptian billionaire Naguib Sawiris didn't mince words in his evaluation of the ongoing trade war between the U.S. and China Beijing has long taken advantage of other countries and U.S. President Donald Trump is right to seek changes out of Asia's largest economy, he told CNBC's Hadley Gamble on Tuesday
China says consumption growth likely to slow further this year Consumption growth in China is "very likely" to slow further this year... Retail sales growth during the just concluded Lunar New Year holidays slipped to its lowest since at least 2011, further evidence consumers remain cautious as the economy hits the brakes However, Wang cautioned against becoming overly gloomy on the retail sector, saying government policy support measures should cushion the downside Our Standards:The Thomson Reuters Trust Principles
Drugmakers help Hong Kong shares recover from early lows Xiaomi rises, while Meituan retreats after MSCI announces EM Index inclusion The U.S. has said it will raise import tariffs on $200 billion worth of Chinese goods to 25% from 10% after the truce ends on March 1 Lee attributed the retreat to profit taking after recent gains Greentown China Holdings fell 1.3% following a 30.6% decrease in contracted and subscription sales for January
Former Fed Chair Paul Volcker takes Trump to task on taxes, trade Former Federal Reserve Chairman Paul Volcker warned the Trump administration’s h... Volcker said the China trade negotiations have been particularly worrisome for the United States’ future over the next 10 years It sounds terrible but I respond more favorably to what the president of China is saying than the president of the United States, Volcker said Our Standards:The Thomson Reuters Trust Principles
China January exports, imports seen falling again in blow to global... China's trade engine likely remained struck in reverse in January, with imp... Estimates for both January imports and exports thus fell in an unusually wide range A multi-year regulatory crackdown on risky lending practices and debt has pushed up business financing costs and throttled access to once-easy credit, hitting a vast swathe of private companies Our Standards:The Thomson Reuters Trust Principles
Watch out for China’s trade red lines as anniversaries loom If Donald Trump fails to reach a trade agreement with Xi Jinping by next month, triggering an additional round of tariffs and counter-tariffs between the world’s two largest economies, the US president may be inclined to blame one of his Democratic predecessors Woodrow Wilson China’s leadership is eager to avoid escalating the trade war as economic growth slows
Asian stocks edge up, U.S. futures rise on hope for no U.S. govt.... Asian shares edged up on Tuesday as investors hoped a new round of U.S.-China tr... tariff row could severely hurt corporate earnings globally In contrast, the euro dropped to as low as $1.1267, its weakest in 2-1/2 months, and last traded at $1.1285 The dollar popped up to a six-week high of 110.55 yen (This version of the story corrects dollar index quotation in the 15th paragraph) Our Standards:The Thomson Reuters Trust Principles