HONG KONG, June 1 Revenues in the world's biggest casino hub of Macau jumped 24 percent in May, beating expectations and posting a 10-month winning streak as wealthy gamblers returned to the southern Chinese territory despite a corruption crackdown.
Gambling revenue in the only place in China where casino gaming is legal rose 23.7 percent in May to 22.7 billion patacas ($2.83 billion), government data showed on Thursday. Analysts were expecting growth of 15-20 percent.
Macau's gambling take is rebounding amid steady economic growth in China, recovering from five-year lows set in 2014 when President Xi Jinping launched an anti-graft campaign targeting ostentatious displays of wealth. ($1 = 8.0180 patacas) (Reporting by Farah Master; Editing by Stephen Coates and Muralikumar Anantharaman)
Chicago schools to pay hefty 6.41 pct rate on second note tranche
CHICAGO, June 26 The Chicago Public Schools finalized the second and last part of a short-term loan, placing $112 million of notes with J.P. Morgan at a huge initial interest rate of 6.41 percent, the cash-strapped district reported on Monday.
U.S. finds Canada softwood lumber dumped, sets preliminary duties
WASHINGTON, June 26 The U.S. Commerce Department has made a preliminary finding that Canadian softwood lumber imports are being dumped in the U.S. market and will impose anti-dumping duties, Commerce Secretary Wilbur Ross said on Monday.