Crown Resorts executive vice-president, strategy and development, Todd Nisbet said that the government reforms and the broader slowdown in the Chinese economy would not affect Macaus ongoing performance. People talk about a slowdown, but weve been looking at 15 percent growth. So when you talk about that kind of compound growth, the base of it is so large that you just cant sustain that. So all of a sudden 15 goes to 12, 12 goes to 10, and there seems to be a general panic. But the reality is thats still one of the highest-growth markets in the world in terms of what has been done on a GDP basis, investment per capita, earnings per capita. So anything you look at, by any metric, its still an outperformer, he was quoted by the Australian newspaper as saying. Theres like 88 cranes running in Macau right now and about $10 billion-worth of investment. So, you know, for whatever the noise there is, the reality is capital is being deployed, he added.
Oil prices fell on Friday amid a strong momentum in the U.S. dollar.
The trial of 12 Iranians accused by the Mozambican judicial authorities of terrorism, initially scheduled...