Macau Financial News

U.S. stocks are poised to end 2023 on a high note amid investor optimism that the historic tightening of monetary policy is likely over, and interest rates will fall next year following a dovish pivot by the Federal Reserve.

prices dropped to six-month low after US inventory data. On Tuesday, both benchmarks settled at their lowest since July 6, a fourth straight session of losses.

By Ahmad Ghaddar

By Casey Hall

China business and expand aggressively in the face of a consumer slowdown and geopolitical tensions seems risky — but the potential pay-off is great, analysts say. Last month, the US-based burger maker cut a deal to repurchase the 28% stake in its China business Carlyle Group took in 2017, giving it a 48% share in $6 billion worth of operations that include Hong Kong and Macau. The move contrasts sharply with the prevailing trend of multinational corporations reeling back investments in China or even exiting altogether because of geopolitical and economic challenges. One advantage for McDonald's: its majority partner in the China business, CITIC, provides top-level political cover, said Jason Yu, greater China managing director of market research firm Kantar Worldpanel. «Having a very powerful Chinese state-owned conglomerate as a partner means they are not going to be at the forefront of the geopolitical situation; that is quite important,» Yu said. McDonald's China, Carlyle Group and CITIC declined to comment. Other consumer-facing U.S. firms, including Starbucks, Apple, Coach owner Tapestry and sportswear giant Nike, have remained similarly dedicated to the China market. Starbucks and Nike, which face increased competition from lower-priced domestic competitors, show the need to stay agile in order to protect and grow market share, analysts say. The coffee giant is sticking with expansion plans and launched a smaller cup size; Nike, by contrast, has offered localised, higher-end sneakers such as its «Year of the Rabbit» Dunk Lows. McDonald's has used funds from the Carlyle investment to double its restaurant count since 2017 to 5,500, and the country has become its second-largest market.

Investing.com — U.S. futures traded in a mixed fashion Friday, ending the week amid a degree of uncertainty after a relatively hawkish speech by Fed Chair Jerome Powell.

Wynn Resorts (NASDAQ:WYNN) shares fell more than 5% after-hours despite the company reporting better-than-expected Q3 results.

China’s digital yuan has completed another historic CBDC first, with a Taiwan-based firm “successfully” issuing e-CNY bonds.

astronauts departed for China's space station on Thursday, paving the way for a new generation of «taikonauts» to advance the country's space ambitions in the future. The spacecraft Shenzhou-17, or «Divine Vessel», and its three passengers lifted off atop a Long March-2F rocket from the Jiuquan Satellite Launch Centre in northwest China. Leading the six-month mission was former air force pilot Tang Hongbo, 48, who was on the first crewed mission to the space station in 2021. His return to the orbiting outpost Tiangong, or «Celestial Palace» in Chinese, also set a new record for the shortest interval between two spaceflight missions by taikonauts — coined from the Chinese word for space — suggesting a faster rotation of taikonauts in coming years. Tang, from China's second batch of astronauts in 2010, had to wait more than a decade before he was picked for his inaugural spaceflight in 2021. By contrast, his fellow Shenzhou-17 crew members Tang Shengjie, 33, and Jiang Xinlin, 35, both travelling to space for the first time, joined China's third batch of astronauts in September 2020. China has already kickstarted the selection process for the fourth batch of astronauts, seeking candidates with doctoral degrees in disciplines from biology, physics and chemistry to biomedical engineering and astronomy. It is also opening the process to applicants from Hong Kong and Macau for the first time. The first and second batches of astronauts were all former air force pilots, like Tang, who joined the People's Liberation Army in 1995 at age 20.

(Reuters) — MGM Resorts (NYSE:MGM) International said on Thursday operational disruptions due to a cybersecurity issue in September are expected to have a negative impact on its third-quarter results.

The Hong Kong and Macao police have nabbed four additional suspects in connection with the JPEX cryptocurrency platform scam. 

In a recent development, police in Hong Kong and Macau have apprehended four more individuals linked to the ongoing JPEX crypto exchange case, as reported by the South China Morning Post on Friday.

Authorities in Hong Kong and Macau have recently revealed arrests connected to the JPEX crypto exchange fraud case and highlighted that they are currently tracking down several other suspected figures.

China swept the first gold medals at the Asian Games in Hangzhou on Sunday in a statement of intent on day one of the region's answer to the Olympics. China claimed the first gold when Zou Jiaqi and Qiu Xiuping dominated the women's lightweight double sculls rowing to kick off a medal rush for the home nation. The Chinese pair finished in 7min 6.78sec, with Uzbekistan's Luizakhon Islamova and Malika Tagmativa taking silver — almost 10 seconds behind. «I am very excited as it's my first Asian Games,» said Zou, clutching her gold medal. «Stepping on to the podium today is a new starting point to help us prepare for next year's Paris Olympics,» said Qiu. Indonesia's Chelsea Corputty and Rahma Mutiara Putri won bronze. The hosts soon doubled up on the rowing lake as the men's lightweight double sculls gold was won by Fan Junjie and Sun Man, who finished five seconds clear of India's Arjun Lal Jat and Arvind Singh. China won six of the seven golds at the Fuyang Water Sports Centre rowing venue on Sunday morning with only Hong Kong's Lam San-tung and Wong Wai-chun getting in on the party by winning the men's pairs. China's shooters also claimed the women's 10m team air rifle. The hosts' rip-roaring start to the 19th Asian Games, which end on October 8, continued as Sun Peiyuan won the first martial arts gold. Sun successfully defended his men's changquan wushu title from 2018, ahead of Indonesia's Edgar Xavier Marvelo with Macau's Song Chi-kuan third. «I'm so very excited, I'm lost for words,» said Sun. China won 10 of the first 11 golds in the early action on Sunday.King Qin makes splashSwimming is one of the highlights of the Games and will see seven finals later on Sunday at the Hangzhou Olympic Centre Aquatic Sports Arena,

By Zeba Siddiqui

Casino and hotel giant MGM Resorts International says a cybersecurity issue led to the shutdown of computer systems at its properties across the U.S. A statement Monday from the Las Vegas-based company said the incident began Sunday and the extent of i...

Hong Kong has entered the second phase of technical testing for China's digital yuan, expanding the trial to include more Hong Kong banks. 

China is planning to showcase its digital yuan to the ASEAN nations, and could seek to make “cross-regional use” of its CBDC in the bloc.

By Farah Master, Joyce Zhou and David Kirton

Public fears and frustrations are being shared in Japan's neighboring countries about the release of treated radioactive wastewater from a crippled nuclear power plant