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UPDATE 1-Macau casino revenue drops in October as territory marks Chinese anniversary

Gambling revenue in the Chinese territory of Macau dropped 3.2%in October, as the U.S.-China trade war and political turmoil in neighbouring Hong Kong tempered demand from high rollers. The lower revenue was also partly because high rollers stayed away during national holidays earlier in the month, when Macau joined celebrations for the 70th anniversary of the founding of the People’s Republic of China. Anti-government protests in the Chinese-controlled Hong Kong have disrupted transport and deterred travel to Macau in recent months, and while analysts say the impact on gaming has been minimal, the turmoil has added to a …read more […]

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Nokia eyes Malaysian ports for 5G business as Huawei takes early lead

Nokia is targeting Malaysian ports in a bid to get a share of the country’s fifth-generation (5G) technology market, as the Southeast Asian country prepares to launch the ultra-fast mobile internet service next year. The Finnish company worked with Germany’s Port of Hamburg last year to test the technology in traffic-lights management, data processing from mobile sensors and virtual reality, and is keen to build on that experience in Malaysia, Siva Shanmugam, head of Nokia in Malaysia, told Reuters. Nokia’s push comes at a time when it expects to face tough competition from China’s Huawei [HWT.UL], …read more […]

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Business News

Several automakers back Trump in two other California vehicle emissions suits

General Motors Co , Toyota Motor Corp , Fiat Chrysler Automobiles NV and other major automakers late Thursday sought to intervene on the side of the Trump administration in two additional legal challenges to its efforts to bar California from setting tailpipe emissions standards.

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Nintendo to begin testing Mario Kart Tour multiplayer

Nintendo Co Ltd said on Friday it would begin testing a multiplayer option for its Mario Kart Tour mobile game in December, a step towards the full multiplayer mode demanded by players and seen as essential to boosting the title’s revenues. A major test of Nintendo’s shift to mobile, Mario Kart Tour currently lacks the option to race against friends, leaving the game without a key element that has helped make it one of Nintendo’s longest running franchises. Nintendo’s shares jumped almost 7% on Friday, a day after the Japanese gaming company also reported strong demand for a …read more […]