It’s a legacy that could ultimately affect the bottom line of the world’s largest gaming company, Las Vegas Sands. Despite helping develop Macao into a global gambling destination early on, local analysts say Beijing’s creeping authority could result in extra scrutiny of the company because its owner, Sheldon Adelson, has been one of President Trump’s most ardent backers. … [Read more...] about Coronavirus shutdown costing Macao’s gaming industry $100 million a day. Why are casinos OK with that?
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Under the Current Account Switching Service, swapping banks should take seven working days. That includes all your payments, direct debits and standing orders being moved too. Just open your new account and then ask your new provider to close your old account using the switch service. Make sure you are eligible. Most accounts have certain requirements, such as paying in a minimum amount of cash each month. Watch your overdraft. Check your new bank will offer you the same limit — and does not have higher costs for using it. … [Read more...] about HSBC to cut 35,000 jobs over three years as profits fall 33 per cent
Tokyo’s benchmark Nikkei 225 index closed down 1.4 percent -- its fourth straight session in the red -- a day after data showed the economy shrank in the December quarter, even before the effects of the virus hit Japan. … [Read more...] about Coronavirus Outbreak Updates: Covid-19 hits earnings and growth, Asian markets fall
TOKYO: Japan's Nikkei visited three-week lows and ended weaker on Wednesday after Wall Street's tumble hit sentiment, while falling oil prices dragged down resource and trading-house shares. The Nikkei share average closed 0.4 per cent lower at 21,507.54 after touching 21,243.38 in early trade, the lowest since Oct. 30. The Topix dropped 0.6 per cent to 1,615.89 after falling to as low as 1,598.54. The Topix is not far from bear market territory - defined as peak-to-trough losses of more than 20 per cent. When the Topix fell to 1,581.56 on Oct 26, it was 17 per cent below its 2018 peak of 1,911.31 in late January. "Major factors dragging down Japanese stocks are a sell-off in US shares and concerns about weaker forecasts in Japanese corporate earnings due to worries about weak global growth," said Hikaru Sato, a senior technical analyst at Daiwa Securities. Underscoring investors' risk-averse sentiment, global cyclical resource shares such as trading houses, steelmakers and … [Read more...] about Nikkei ends lower as resource shares drag; Topix nears bear market territory
LONDON, Feb 13 (Reuters) - Euro zone government bond yields fell on Thursday, as investors flocked back to safe-haven debt markets after the Chinese province at the epicentre of the coronavirus outbreak reported a record rise in the death toll under a new diagnostic method. … [Read more...] about Euro zone bond yields falls as coronavirus death toll jumps