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Macau's gaming revenue plummeted 44% week-on-week post-Golden Week, averaging MOP575 million (US$71.66 million) daily, exceeding last year's 36% decline. Analysts predict a daily run-rate of MOP574 million for the remainder of May to meet consensus estimates, with gross gaming revenue potentially reaching MOP21 billion, 81% of 2019 levels. Despite a slight improvement in VIP win rates, the demand slowdown was sharper than historical trends, attributed to front-loaded demand.
Huawei Cloud has signed two strategic MoUs with Silverlake and GlobeOSS to enhance digital transformation in core banking and big data solutions. The partnership aims to innovate banking infrastructure and provide tailored big data services, fostering technological advancement across financial and government sectors.
Deutsche Bank will host its Depositary Receipts Virtual Investor Conference on May 15, 2025, featuring live presentations from international companies with American Depositary Receipt programs. The event is free for investors and analysts, with a lineup including firms from China, Germany, and the UK. Presentations will be available for replay post-conference.
Deutsche Bank will host its Depositary Receipts Virtual Investor Conference on May 15, 2025, featuring live presentations from international companies with American Depositary Receipt programs. The event is free for investors and analysts, with a lineup including firms from China, Germany, and the UK. Pre-registration is recommended, and presentations will be available for replay post-conference.
Deutsche Bank will host its Depositary Receipts Virtual Investor Conference on May 15, 2025, featuring live webcasts from international companies with ADR programs. The event is free for investors and analysts, with a lineup including firms from various countries. Presentations will be available for replay post-conference.
The Credit Suisse "tuna scandal" led to over $2 billion in failed investments in Mozambique, resulting from mismanagement and corruption. The once-promising fishing fleet and military vessels now rust away, highlighting the severe economic crisis and loss of international credibility faced by the country. Criminal investigations have ensued, with significant penalties imposed on involved parties.
Huawei Cloud has partnered with Silverlake and GlobeOSS to enhance core banking and big data solutions, aiming to accelerate digital transformation in the APAC region. The collaborations, announced at the Huawei Cloud APAC Partner Summit 2025, focus on developing AI-native banking infrastructure and tailored big data solutions for various sectors. This initiative strengthens technological innovation and cooperation within the ecosystem, driving global digital transformation.
Warren Buffett, at 94, is stepping down after leading Berkshire Hathaway for over six decades, with the company's stock reaching an all-time high of $809,350 per share. He advises that ordinary investors can achieve financial success by allocating 90% of their assets to a low-cost S&P 500 index fund and 10% to short-term government bonds, emphasizing the effectiveness of index funds over high-fee managers. While U.S. equities have outperformed globally, experts recommend global diversification to reduce risk and enhance returns, with accessible options now available through competitively priced ETFs.
Huawei Cloud has signed two significant Memorandums of Understanding with Silverlake and GlobeOSS to enhance digital transformation in core banking and big data solutions. The collaboration aims to integrate AI and cloud infrastructure to streamline banking operations and provide tailored big data services for various sectors. This partnership is set to drive innovation and strengthen cooperation within the ecosystem, promoting global digital transformation.
At the Finance Forum in Vaduz, Prince Max highlighted LGT's dominance in Liechtenstein's banking sector, managing over 80% of assets. Discussions ranged from geopolitical concerns to the transformative potential of AI in finance, while warnings about authoritarian threats in Europe were issued. Despite global banking uncertainties, optimism prevailed, with over 78% of attendees rating the financial industry's state as good or excellent.
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macau gaming revenue drops 44 percent post golden week amid sharp decline
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Huawei Cloud partners with Silverlake and GlobeOSS to enhance digital solutions
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deutsche bank announces virtual investor conference featuring international companies on may 15
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deutsche bank announces virtual investor conference featuring international companies on may 15
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deutsche bank announces virtual investor conference featuring international companies on may 15
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BDO Unibank, INC. AS Trustee OF Amkor Technology Philippines Inc. Employees Multi-Employer Retirement Benefit Plan
Bavarian Nordic A/S
Infineon Technologies AG
Epiroc AB
iHuman Inc.
ABB Ltd. - Jordan
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DEU
PHL
SWE
HKG
CHE
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mozambique's tuna scandal leaves fishing fleet rusting and economy in ruins
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Huawei Cloud partners with Silverlake and GlobeOSS to enhance banking and big data
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buffett's investment wisdom endures as he steps down from berkshire hathaway
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liechtenstein finance forum highlights resilience amid global uncertainty and technological change
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USA
Katja Gentinetta
Roland Matthes
Sergio Ermotti
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06:52 12.05.2025
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