HONG KONG (Reuters) -Macau’s government said on Thursday global gaming operators can submit bids for new licenses from July 29 until Sept. 14, kicking off a highly anticipated process to secure a spot in the world’s biggest casino hub. The licenses of the six current operators Sands China, Wynn Macau, MGM China, Galaxy Entertainment, SJM …
Top gaming hub Macau invites casino license bids from July 29 Read More »
By Praveen Menon and Helen Reid SYDNEY/JOHANNESBURG (Reuters) -Rio Tinto’s Guinea subsidiary has formed an infrastructure joint venture with Winning Consortium Simandou (WCS) and the government, paving the way for work to resume on the world’s largest undeveloped iron ore project. The joint venture (JV) for the Simandou railway and port is a milestone for …
Rio Tinto signs rail and port JV with Chinese-backed consortium for Guinea’s Simandou Read More »
By Joyce Lee and Satoshi Sugiyama (Reuters) – Asian tech firms from chipmaker Samsung to display panel maker LG Display warned of a sharp slowdown in demand for smartphones, TVs and gadgets as surging inflation and deepening concerns of a recession crimp consumer spending. Comments from top company executives in Asia, often called the world’s …
Wary shoppers muddy outlook for tech, auto firms in Asia Read More »
By Shuyan Wang and Clare Jim BEIJING/HONG KONG (Reuters) – China’s Zhengzhou city will help to ensure developers have enough funds to complete homes under shantytown redevelopment projects through support from the China Development Bank, two sources with knowledge of the situation said. Property firm Zhengzhou Real Estate, which is backed by the government of …
Chinese city to help shantytown projects via policy bank loans – sources Read More »
TOKYO (Reuters) -Nissan Motor Co’s first-quarter operating profit fell 14% to 64.9 billion yen ($478.08 million), the Japanese carmaker said on Thursday, citing surging raw material costs and production disruption from COVID-19 lockdowns. Earnings for the three months to June 30 beat an average estimate of 45.8 billion yen from 11 analysts, Refinitiv data shows. …
(Reuters) – Qualcomm Inc forecast fourth-quarter revenue below estimates on Wednesday, bracing for difficult economic conditions and a slowdown in smartphone demand that could hit its mainstay handset chips business. Shares of the San Diego-based company fell 2.9% in extended trading, adding to the stock’s decline of about 18% this year amid a broader selloff …
Qualcomm revenue forecast disappoints on cooling smartphone demand Read More »
UNITED NATIONS (Reuters) – The U.N. Security Council on Wednesday condemned the execution of four democracy activists by Myanmar’s ruling military and called for the release of all arbitrarily detained prisoners, including President Win Myint and leader Aung San Suu Kyi. In a statement approved by all 15 members, the council called for dialogue and …
U.N. Security Council condemns Myanmar executions Read More »
(Corrects data release day to Wednesday in paragraph 9) By Chuck Mikolajczak NEW YORK (Reuters) – The dollar fell on Wednesday against a basket of major currencies after the U.S. Federal Reserve raised interest rates by 75 basis points, as was widely anticipated, and comments from Fed Chair Jerome Powell spurred hopes for a slower …
By Sinéad Carew and Sujata Rao NEW YORK/LONDON (Reuters) – U.S. equities added sharply to gains while the dollar lost ground as investors bet that the Federal Reserve would slow interest rate hikes soon after it announced an increase in rates in line with expectations on Wednesday. Oil futures settled higher after a report of …
Stocks rally, bond yields and dollar tumble after Fed news Read More »
By Laura Sanicola (Reuters) -Oil settled up more than $2 on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a U.S. interest rate hike. U.S. crude oil stockpiles dropped 4.5 million barrels last week as exports surged to …
Oil settles higher on U.S. inventory drop, Russia gas cuts Read More »
