Why Singapore casinos can’t collect from China’s high rollers

Each year, millions of mainlanders head to Macau, a special administrative zone of China and the only place in China where gambling is legal. A small number of mainlanders – like Kong – also head to Singapore, where there are only two gambling resorts....

Uber’s financials are improving: it lost $708 million on $3.4 billion in revenue in Q1

Another Uber executive is leaving, even as the privately held company is narrowing its losses, as first reported by The Wall Street Journal. Uber reported a loss of $708 million in the first quarter, narrower than the $991 million reported the previous quarter, Uber...

Asia set for higher open despite softer lead from Wall Street; Caixin PMI in focus

Japanese stocks looked poised to open higher, with Nikkei futures edging higher by 0.18 percent in Chicago to trade at 19,685 and Osaka futures higher by 0.15 percenet at 19,680. Both were higher than the Nikkei 225’s close of 19,650.57 on Wednesday. Down Under,...