Citigroup cuts August gaming revenue forecast to MOP19 billion

According to industry sources,  the Gross Gambling Revenue (GGR) of tables at Macau casinos reached MOP4.8 billion during the first nine days of August, Citigroup reported yesterday. The daily run rate

Taiwan receives record mainland visitor numbers in first half

Some 2.8 million people visited Taiwan from the Chinese mainland, Hong Kong and Macau in the first half of 2015, according to official data. The figure accounts for 55 percent

Google forms a new holding company, ‘Alphabet’ 

Google is creating a new company to oversee its highly lucrative Internet business and a growing flock of other ventures, including some — like building self-driving cars and researching ways to prolong

Corporate Bits | InvoTech Expands to Larger Offices, Adds Staff to Support International Growth

InvoTech Systems provides advanced Linen Management, Uniform and Laundry Systems that integrate the latest RFID technology to increase profitability for hotels, resorts, casino operators, sports arenas, convention centers and theme

Yuan slides after Beijing announces currency devaluation

China devalued its tightly controlled currency yesterday following a slump in trade, allowing the yuan’s biggest one-day decline in a decade. The central bank said the yuan’s fall was due to

RMB depreciation screams buy dollars before Fed’s move

China’s decision to devalue the yuan is good news for dollar bulls. China’s central bank cut the yuan’s daily-fixing rate by a record 1.9 percent yesterday after the International Monetary Fund

Q&A: What yuan weakening means for Beijing, other countries

China devalued its tightly controlled currency yesterday. The central bank said it was trying to make the state-controlled exchange rate more market-oriented. In recent months, the yuan has strengthened along with

Australia | Gov’t criticized over greenhouse-gas reduction target

Lawmakers in Prime Minister Tony Abbott’s conservative government yesterday agreed on a target of curbing carbon gas emissions to at least 26 percent below 2005 levels by 2030. The target

Indonesia | China, Japan vie to build high-speed rail

Andrinof Chaniago, the national development planning minister, told reporters yesterday that a decision on which proposal to accept could be made in about two weeks. The high-speed rail, which will connect

Thailand | Palace says king recovering from excess fluid in brain

Thailand’s royal palace announced Monday that 87-year-old King Bhumibol Adulyadej is recovering from several ailments, including excess fluid in the brain and difficult breathing due to congested lungs. The Royal Household

Japan | Reactor restarts after 4 year break due to Fukushima 

A power plant operator in southern Japan restarted a nuclear reactor yesterday, the first to begin operating under new safety requirements following the Fukushima disaster. Kyushu Electric Power Co. said yesterday it had

Greece | Gov’t agrees on broad terms of new bailout package 

Greece has agreed on the broad terms of a new three-year bailout package with international creditors, with only a few details left to iron out, officials said yesterday. Euclid Tsakalotos sounded upbeat about

USA | 4th night of Ferguson protests brings dozens of arrests

Police arrested nearly two dozen people in Ferguson during a protest that stretched into early yesterday marking the anniversary of the fatal shooting of an unarmed 18-year-old African-American by a

Briefs | Netherlands – Possible BUK missile parts found at MH17 site

Dutch prosecutors have said for the first time that they have found possible parts of a BUK missile system at the site in eastern Ukraine where Malaysia Airlines Flight 17

Offbeat | 91-year-old Sydney man charged with importing cocaine

A 91-year-old retired surgeon has been charged with importing cocaine hidden in soap into Australia, prompting police to warn travelers to beware they are not tricked into becoming drug mules. Victor

This Day in History | 1985 – Hundreds dead in Boeing crash

A Japan Airlines jumbo jet has crashed on a remote mountainside 70 miles (112km) from Tokyo in Japan. There were 15 crew and 509 passengers on board, mostly holidaymakers. There are no

Football | Review Struggles and surprises as Premier League gets moving

It is, of course, much too early to try to read something into the first round of matches in a Premier League season that has another 37 games and more

Rio 2016 | Some US rowers fall ill at Olympics test event

Thirteen rowers on the 40-member U.S. team came down with stomach illness at the World Junior Rowing Championships — a trial run for next summer’s Olympics — and the team

Views on China | Why China’s devaluation might not trigger a currency war

The Chinese were introduced to currency wars via a best-selling series of books by Hongbing Song during the financial crisis, but many observers concluded the country had finally entered the

Wednesday, August 12, 2015 – edition no. 2376

* Netizens back illegal vending business near Cotai worksites * Safety lane: fewer accidents on Sai Van bridge * Forecast: August gaming revenue may top MOP19b * Polluted Rio: us rowers fall ill

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