Macau Financial News

Correction (September 29th 2023): An earlier version of this article incorrectly described MCEX as an over-the-counter market. Sorry. For more expert analysis of the biggest stories in economics, finance and markets, sign up to Money Talks, our weekly subscriber-only newsletter. © 2023, The Economist Newspaper Limited. All rights reserved. From The Economist, published under licence. The original content can be found on www.economist.com

Subscribe to enjoy similar stories. Want to celebrate Holi in Varanasi or spend Eid unwinding in the Maldives? Be ready to pay up. With Holi falling on 14 March (Friday) and Eid expected on 31 March (Monday), travellers are seizing the back-to-back long weekends, sending hotel rates soaring.

Former US President Donald Trump's legal battles could soon affect his ability to travel internationally, as many countries have strict entry requirements that bar individuals with felony convictions. With Trump facing 34 felony charges related to his involvement in a hush money scheme during the 2016 election, his criminal record could complicate travel to several nations that enforce such policies. According to Newsweek, G7 countries like Canada, the United Kingdom, and Japan, along with others such as Israel and China, have policies preventing convicted felons from entering their borders. These restrictions could hinder Trump’s ability to travel abroad if his convictions stand, raising questions about how this might impact his international dealings, especially if he pursues a second term in office. These entry bans vary across countries. Some, like Canada and Japan, will deny entry to anyone with a felony conviction, while others, such as Brazil and Cambodia, may not check criminal records at the border but could deny entry if a conviction is discovered later.

The U.S. Treasury Department, seeking to keep the Chinese military from gaining an edge in advanced technologies, issued a rule Monday to restrict and monitor American investments in China in artificial intelligence, computer chips and quantum computing

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...

Draft rules for the legalisation of casinos, which include an initial 30-year casino license with a 10-year renewal option, have been published for public feedback until August 18. The casinos will be part of large entertainment complexes featuring hotels, convention centers, and amusement parks, among other amenities. Thailand would thus join the ranks of the United Arab Emirates and Japan in vying for a share of the global casino industry, estimated to have generated $263 billion in revenue last year. Major players like Galaxy Entertainment Group Ltd. and MGM Resorts International have shown interest in opening casino resorts in Thailand, considering it a strategic move against the uncertain prospects in Macau. Las Vegas Sands Corp. expressed interest in entering the Thai market, stating last month it would consider expanding to Thailand if the opportunity arises.

Raynald Aeschlimann, president and chief executive officer of watch company Omega, owned by the Swatch Group AG, spoke exclusively to Mint virtually about India as a market and the promise it holds. For the entire group, South Korea, India and the United Arab Emirates also considerably outperformed the previous year. The shift away from China—the largest consumer of luxury in the world—has impacted Swatch, Omega's parent, which reported lower half-yearly sales from a year ago.

visa-waiver program for Chinese tourists announced by the Laos government includes elements that gives false impression that Taiwan is part of China, the Central News Agency (CNA) reported. The document issued by the Laos government on Wednesday said that Chinese nationals travelling to Laos may visit the country visa-free for up to 15 days as part of a group tour. It also provided the itinerary approved by the Laotian Ministry of Information, Culture and Tourism.

The Treasury Department has fleshed out its proposed rule that would restrict and monitor U.S. investments in China for artificial intelligence, computer chips and quantum computing

The Hong Kong Institute for International Finance (HKIIF) Chairman Xiao Geng recently highlighted the potential benefits of a CNY-pegged stablecoin for Hong Kong during an event.

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Shares of Chinese property developers surged on rising expectations that government entities in China are moving to help buy up excess housing in a bid to revive the struggling real-estate sector. The Hang Seng Mainland Properties Index, which tracks Chinese property developers listed in Hong Kong, was up 5.6% in afternoon trading Thursday.

U.S. stocks closed higher and trimmed their losses for the week

Colin Farrell is set to star in Edward Berger's upcoming feature film for Netflix, "The Ballad of a Small Player", a Deadline report said. The Oscar-nominated actor will play the lead role in this adaptation of Lawrence Osborne's novel, set to begin filming this summer in Asia. Storyline

visa, the passenger will not have a visa sticker in their passport. "When checking in at the airport, you will be asked to display a 'visa issuance notice' on your device (e.g.

class sizes across Canada, a new study is suggesting “smaller class sizes” may not give students a boost after all.The study found minimizing the number of students in classrooms did not lead to better grades, and suggests it may even decrease their odds at achieving the best results. The study looked at data from Macau, China and Japan, of 2,700 “disadvantaged” secondary school students with class sizes of 15 or fewer pupils to more than 50.It notes the quantity of teachers didn’t increase the odds for students from what they deemed the poorest backgrounds.

Adani Enterprises announced that its Dubai-based arm, Ospree International FZCO, has successfully acquired 100% stake in France-based Le Marche Duty Free SAS (LMDF) for a sum of 5,000 euros. This strategic move aims to bolster the company's presence and growth within the duty-free industry. Adani Enterprises emphasized the significance of this acquisition in a filing to the exchange, highlighting its alignment with the expansion goals of Mumbai Travel Retail Private Limited.

SINGAPORE (Reuters) -Small Chinese investors are scrambling even harder than foreigners to exit the country's crumbling stock markets, sending premiums on global index funds skyrocketing as they search for exposure to anything but the sputtering domestic economy.

Investing.com — European stock markets traded marginally higher Thursday, steadying after the previous session’s sharp losses, but any gains are likely to be limited on increased doubts of early interest rate cuts. 

Mark Cuban sees a future of NBA ownership where the advantages will be in real estate

China has launched its first automated digital yuan wallet-opening machine for overseas passport holders.