Macao gambling group retreats from Japan bid amid controversies
ZACH COLEMAN, 23 May 2021
HONG KONG — Suncity Group, the Macao-based gambling company, has pulled out of the running for rights to run a casino resort in Japan.
The group is the biggest junket agency in Macao, bringing in high rollers from China and other countries to wager millions in VIP rooms it operates inside other companies’ casinos in the world’s largest betting hub and elsewhere. Through listed arm Suncity Group Holdings, it also runs its own casino resorts near Hoi An, Vietnam and Vladivostok, Russia and is building another in Manila’s Entertainment City gambling zone. Continue reading “Article: Macao gambling group retreats from Japan bid amid controversies”
Metro Bank is reportedly still waiting for the repayment of an £18m loan from embattled steel group Liberty. 
For an outsider to understand China’s A-share stock markets, which are dominated by retail investors and thus known for high levels of market turnover and volatility, learning about harvesting chives and stir-frying methods in Chinese cookery would help a great deal. By official counts, there are more than 180 million mostly small investors who, driven by rumours, trade in and out of positions very frequently, contributing to wild fluctuations. The trading pattern is known as chao, the Chinese term for a method of stir-frying meat or vegetables rapidly in a wok at high heat.
One of the world’s largest credit rating agencies believes that central bank digital currencies (CBDCs) could disrupt the current financial systems. In its latest report, Fitch Ratings looked into how CBDCs could impact the global financial system, including giving governments a new way to track financial data and new financial policy options.
MANILA, Philippines – The Pasig Regional Trial Court has convicted a local stock broker of illegal stock trading in relation to the BW Resources stock price manipulation scandal 22 years ago.
Bosses at the collapsed investment firm London Capital & Finance invested £70 million of bondholders’ money with a hotel property firm where two senior players now have fraud convictions.
Three key members of a scheme to transfer organized crime proceeds from the United States to Mexico through so-called “funnel accounts” opened at the Wells Fargo bank in Rio Rico have now pleaded guilty to federal charges.
Senators Mike Rounds of South Dakota and Tina Smith of Minnesota are asking Attorney General Merrick Garland to examine whether the control large meatpackers have over the beef processing market violates U.S. antitrust laws and principles of fair competition. They wrote a letter to the AG this week and are inviting all members of Congress to join them. This isn’t the first investigation on this issue, but Rounds says both producers and consumers are at the center of this examination.
London-based global data technology company – ComplyAdvantage transforming financial crime detection has announced a fresh investment from Goldman Sachs Growth Equity (“Goldman Sachs”). 
I fully expect U.S. stocks to decline sharply over the coming months and potentially years as the extreme level of valuation and bullish sentiment cannot be maintained indefinitely. I have written about the risks of major losses in the S&P 500 and other indices a number of times over recent months and I remain fully convinced that we are on the precipice of a market crash and/or a long-term bear market. See ‘VTI: Rising Inflation May Burst This 3-Sigma Bubble’ for my most recent article on U.S. stocks, or ‘SPX: Don’t Be Suckered In By ‘Low’ Forward P/E Ratios’ for my take on the S&P 500 in particular. That said, I do not think being long the ProShares Short S&P 500 ETF (NYSEARCA:SH) is a good way to take advantage of the upcoming equity weakness.
SEC chair Gensler says agency will enforce rules ‘aggressively’ against bad actors
The United States Treasury Department released a statement on Thursday announcing their plans to crack down on tax evasion using cryptocurrency. The Treasury Department plans to raise an additional $700 billion through the new tax compliance measures. 