Business

Macau signals rebound as gambling revenues hit 2-year high in February

Macau signals rebound as gambling revenues hit 2-year high in February

Published 01/03/2017

Galaxy Macau, the latest resort in Macau built by Galaxy Entertainment Group, is lit up in the evening after it opened for business May 15, 2011. REUTERS/Bobby Yip/File Photo

Macau's gambling revenue rose for a seventh month and hit a two-year high in February, in the strongest signal yet the casino hub was firmly on its path to recovery from a slump triggered by China's anti-corruption campaign and slow economic growth.

[more…]

U.S. pull-out from Pacific trade deal hurts confidence, Singapore PM tells BBC

U.S. pull-out from Pacific trade deal hurts confidence, Singapore PM tells BBC

Published 01/03/2017

Singapore's Prime Minister Lee Hsien Loong speaks at the International Conference on The Future of Asia in Tokyo, Japan, September 29, 2016. REUTERS/Kim Kyung-Hoon

The United States' pull-out from the Trans Pacific Partnership hurt confidence in American policies, Singapore's Prime Minister Lee Hsien Loong said, urging Washington to "focus" on its relationship with China.

[more…]

China to reallocate 500,000 coal and steel workers in 2017: labor minister

China to reallocate 500,000 coal and steel workers in 2017: labor minister

Published 01/03/2017

Workers direct a crane lifting newly made steel bars at a factory in Dalian, Liaoning province, China, October 13, 2015. REUTERS/China Daily/File Photo

China needs to reallocate half a million steel and coal workers in 2017 due to capacity cuts in these industries, China's labor minister said on Wednesday, as the world's second-largest economy tries to combat excess in the bloated industries.

[more…]

China February factory growth beats expectations as global demand improves

China February factory growth beats expectations as global demand improves

Published 01/03/2017

A labourer cuts steel bars at a railway bridge construction site in Lianyungang, Jiangsu province, China, September 12, 2015. REUTERS/China Daily

China's factory activity expanded faster than expected in February as domestic and export demand picked up, adding to signs that the global economy is regaining momentum even as fears grow of a surge in trade protectionism.

[more…]

S&P 500 futures ahead- Trump promises tax relief, infrastructure boost

S&P 500 futures ahead- Trump promises tax relief, infrastructure boost

Published 01/03/2017

Traders work on the trading floor at the opening of the markets at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. February 27, 2017. REUTERS/Andrew Kelly

U.S. stock futures were ahead late on Tuesday, indicating a higher open on Wednesday, after President Donald Trump's first address to Congress, which gave few specifics but confirmed his commitment to lowering tax and boosting infrastructure.

[more…]

Japan will tell United States to respect WTO rules: PM Abe adviser

Japan will tell United States to respect WTO rules: PM Abe adviser

Published 01/03/2017

Yasutoshi Nishimura speaks during the Reuters Japan Investment Summit in Tokyo May 19, 2014. REUTERS/Toru Hanai

Japan will tell the United States in their economic talks that any border tax the U.S. government imposes on imports should not break World Trade Organization rules, an adviser to Prime Minister Shinzo Abe said on Wednesday.

[more…]

Stocks struggle as Trump offers few policy details, dollar firms on rate talk

Stocks struggle as Trump offers few policy details, dollar firms on rate talk

Published 01/03/2017

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., February 27, 2017. REUTERS/Andrew Kelly

U.S. stock futures pared gains on Wednesday on disappointment that President Donald Trump did not offer further details on his plans for infrastructure spending and tax reforms, but the dollar firmed on growing expectations of a rate hike this month.

[more…]

Financials push Asian stocks down for second straight day

Financials push Asian stocks down for second straight day

Published 27/02/2017

Men walk past an electronic board showing Japan's Nikkei average outside a brokerage in Tokyo, Japan, November 18, 2016. REUTERS/Toru Hanai

Asian stocks declined on Monday, led by financials, as a renewed drop in sovereign bond yields on political concerns prompted some investors to move to the sidelines after a recent equities rally.

[more…]

Chinese companies seek cheaper offshore debt after rule change

Published 27/02/2017

More Chinese companies are looking to raise debt offshore after Beijing approved a new funding structure last month that makes it easier and cheaper to tap foreign lenders.

[more…]

Anthem and Blue Crosses loom large in Obamacare talks

Anthem and Blue Crosses loom large in Obamacare talks

Published 27/02/2017

The office building of health insurer Anthem is seen in Los Angeles, California February 5, 2015. REUTERS/Gus Ruelas

Anthem Inc. (ANTM.N) and other U.S. health insurers complained to the White House for more than a year that they were losing money on people who waited to sign up for Obamacare coverage until they were sick.

[more…]