Macau on Friday will welcome a new leader who has criticised the “barbaric expansion” of the casino industry and vowed to diversify the city’s economy to align it with China’s development goals.Sam Hou-fai, 62, is set to be sworn in as Macau’s next chief executive on Friday by Chinese President Xi Jinping, after a one-horse …
Sam Hou-fai: Macau’s top judge turned city leader Read More »
Wall Street stocks rebounded Thursday from sharp losses over the prospect of fewer US rate cuts next year despite the looming threat of a government shutdown.The plunge in New York after the Federal Reserve signalled Wednesday fewer cuts to US interest rates next year dragged down equities in Asia and Europe.The dollar initially rallied on …
Wall Street stocks rebound despite government shutdown threat Read More »
Major US weapons manufacturers including Boeing and Lockheed Martin, along with Europe’s Airbus and Chinese firms, put their wares on show at an arms fair in Hanoi Thursday as Vietnam looks to diversify its defence supplies away from Russia.A US Air Force A-10 Thunderbolt attack aircraft and a C-130 Super Hercules transport were on the …
US, European, Chinese firms seek to draw Vietnam arms deals from Russia Read More »
European and Asian stock markets slid Thursday following sharp losses on Wall Street as the Federal Reserve signalled fewer cuts to US interest rates next year.In a busy week for rate decisions, the Fed on Wednesday trimmed borrowing costs by a quarter point but halved the number of similar cuts it expects to carry out …
Stock markets decline as Fed eyes fewer rate cuts Read More »
