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February 16th - According to foreign media reports, official data released on the 16th shows that Japans economic growth at the end of 2025 will be lower than market expectations. The worlds fourth-largest economy saw its GDP grow by only 0.1% in the fourth quarter, below the market expectation of 0.4%. Furthermore, after contracting by 0.2% in 2024, the Japanese economy is projected to grow by 1.1% in 2025. Prior to the fourth quarters growth, the previous quarters figure was -0.6%, which was revised downwards to -0.7%. The data shows that growth in private consumption, private housing, and business investment contributed to the fourth quarters economic growth.February 16th - On February 16th (the last trading day of the Year of the Snake), Meituans Hong Kong-listed shares declined, briefly falling below HK$80. At the close, Meituans share price was HK$82.05, down 0.12% for the day. Previously, Meituan announced that it expects to record a loss in 2025.According to the Financial Times, cross-border banking transactions in the European Union have jumped to their highest level since the 2008 financial crisis.February 16th - According to Alibaba, on February 14th, Qianwen APP announced an enhanced free order benefit and launched the "Super Invitation Card," which can be used to purchase movie tickets with an instant discount of 25 yuan. Statistics show that the number of movie ticket orders purchased through Qianwen has increased by 500% compared to the previous day. Among them, "Pegasus 3" and "Silent Night" remained the top two most popular films, attracting over 65% of ticket buyers combined.February 16th, Futures News: Economies.com analysts latest view: WTI crude oil futures fell in the previous trading session, affected by a break below the key short-term bullish trendline. This changed the technical landscape and brought negative pressure back into focus. With prices holding below the 50-day moving average, this pressure persists, creating a solid obstacle to any serious rebound attempt in the short term. Meanwhile, the Relative Strength Index (RSI), after shaking off its previous oversold state, is beginning to show negative confluence signals, opening up room for further bearish trading and more declines in the future.

Crown Resorts in Australia Will Face Disciplinary Action

Charlie Brooks

Apr 06, 2022 09:50

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Crown stated in a statement on Wednesday that it would cooperate completely with the VGCCC on the findings of the royal commission report.


Crown's shares fell 0.5 percent in early trade.


According to the Royal Commission into Casino Operators and Licensing (RCCOL), the China Union Pay process involved the use of the China Union Pay bank card from 2012 to 2016 to "allow international patrons to access funds in order to gamble at Crown Melbourne," circumventing Chinese currency restrictions.


The RCCOL discovered that "Chinese clients were aided in moving up to A$160 million in money unlawfully."


"As a starting step, we are acting on the Royal Commission's conclusions that Crown's China Union Pay scheme violated critical Victorian regulatory requirements, was unlawful, and represented significant misconduct," VGCCC Chair Fran Thorn stated, indicating that more action would follow.


Crown was found ineligible to maintain a gaming license in Melbourne in October, but was permitted to operate its highest-earning casino under monitoring.


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