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☆ Wells Fargo issues some top tactical investing ideas for the first quarter
▼ + stars: | 2023-01-04 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

As the first quarter of 2023 kicks off, Wells Fargo has its eye on what it calls stocks that offer tactical trading opportunities. Wells Fargo analyst Daniel Politzer upgraded Wynn to overweight from equal weight on Monday . Merck also made the Wells Fargo list, with the firm setting a price target of $125. And Wells Fargo has a $50 price target for Dynatrace , which implies 30% over Tuesday's close. Wells Fargo believes the software company has the "only enterprise-grade cloud platform capable of supporting modern workloads in a hybrid environment."

☆ Macao's gaming industry will see a strong level of pent-up demand coming through, Fitch Ratings says
▼ + stars: | 2022-12-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacao's gaming industry will see a strong level of pent-up demand coming through, Fitch Ratings saysColin Mansfield of the credit ratings agency says, however, that in light of the uncertain situation in China, demand may not be as strong as it was in Las Vegas and Singapore when Covid restrictions were lifted, until "maybe for another quarter or two."

☆ Concession awards mark a reset for Macao casinos
▼ + stars: | 2022-12-18 | by ( Contessa Brewer | ) www.cnbc.com time to read: +4 min

With mandatory quarantines lifted, ferry and airline service resuming, and licenses renewed, casinos hope 2023 marks a new beginning for the world's preeminent gambling destination, Macao. The Macao government awarded six companies new 10-year concessions to operate their integrated casino resorts. This month, Macao has seen an increase in tourism from mainland China from visitors trying to get an mRNA Covid vaccine. A rise in Covid infections around China caused November gaming revenue in Macao to fall 23% from October and plummet 99% from November 2019 pre-pandemic levels, according to government data. Fitch estimates Singapore will achieve 80% of its pre-pandemic gaming revenue in 2022, and 95% in 2023.

MONTREAL/BOGOTA Dec 16 (Reuters) - Latin America is drawing early investment for jet fuel produced from materials like forest residues and palm oil as emission-conscious airlines scour emerging markets for less-polluting fuel to power flights, industry executives say. While most sustainable aviation fuel, or SAF, is produced in the United States, Europe, and Singapore, Latin America is emerging as a budding market. "Latin America right now is really a hot spot for Honeywell." Producing and distributing SAF in regions with faster-growing traffic like Latin America is key to meeting industry targets, said Landon Loomis, Latin America president for U.S. planemaker Boeing (BA.N). And Vibra Energia (VBBR3.SA) is working with Brasil BioFuels (BBF) to produce palm oil-based jet fuel in 2025.

☆ EU agrees law to make airlines pay more to pollute
▼ + stars: | 2022-12-07 | by ( Kate Abnett | ) www.reuters.com time to read: +2 min

Airlines running flights within Europe currently have to submit permits from the EU's carbon market to cover their carbon dioxide emissions, but the EU gives them most of those permits for free. That will mean airlines will have to pay for their CO2 permits, providing a financial incentive for them to pollute less. Climate campaigners lamented that emissions from international flights would not be added to the carbon market sooner. "Average European families will continue to pay much more for their CO2 emissions than frequent long-haul flyers. EU countries and the bloc's Parliament both need to formally approve the law before it takes effect.

☆ Chinese stocks rally on reopening hopes; Morgan Stanley upgrades to overweight
▼ + stars: | 2022-12-05 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

The Hang Seng TECH Index, which represents the 30 largest technology companies listed in Hong Kong, surged 8% in Asia's trade. Electronic vehicle-maker Xpeng gained 24%, leading gains for the broader index, Li Auto jumped 12% and Nio climbed more than 15%. The Hang Seng index rose 4% while China's CSI 300 index, which tracks the largest largest mainland-listed stocks, rose almost 2%. Hong Kong-listed casino operators also saw significant gains, with MGM China rising 19%, Wynn Macau climbing 16% and Sands China adding 13%. Morgan Stanley upgrades to overweight

☆ Boeing urges air taxi safety standards be as strict as for commercial jets
▼ + stars: | 2022-11-08 | by ( Allison Lampert | ) www.reuters.com time to read: +2 min

"We have to unify around the importance of bringing all advanced air mobility vehicles and operating systems to market with airliner levels of safety, with air transport levels of safety, with commercial levels of safety," he said at ICAO's Remotely Piloted Aircraft Systems (RPAS) Symposium. "There is of course significant risk that in an event involving any one of these vehicles that the whole category of advanced air mobility will be subject to penalty." Allen said regulators must approach advanced air mobility on safety in the same manner as commercial transport if air taxis are to fly over crowded, urban areas. But he added that some air taxis are being lumped into categories such as general aviation where smaller aircraft have different stringencies than larger jetliners. "To us, the more important thing is consensus on commercial safety standards," he said.

☆ Macao's latest Covid lockdown is one step forward, two steps back, analyst says
▼ + stars: | 2022-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's one step forward, two steps back for Macao: ConsultancyBen Lee of IGamiX discusses Macao's recent move to reimpose Covid-19 curbs, and discusses Genting's business prospects in Macao.

☆ China residents will be able to travel to Macao using e-visa starting Nov. 1
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: +1 min

This photograph taken on October 20, 2022 shows a view of the Cotai Strip in Macau. China's immigration bureau said mainland residents will be able to travel to Macao from Nov. 1 using an online visa system rather than in-person applications, a move that could increase travel to the world's largest gambling hub. In-person applications have been required for the past two and a half years due to Covid-19 restrictions. Authorities locked down the MGM Cotai casino resort owned by MGM China on Sunday with staff and guests ordered to stay inside until Nov 1. All of Macao's 700,000 residents are mandated to take rapid antigen tests daily during the period, the government said.

The 193-nation International Civil Aviation Organization's (ICAO) assembly, held every three years, is the first since COVID-19 put pressure on policymakers to speed up reforms. "We have to do something," Emile Nguza Arao, director general of Kenya's Civil Aviation Authority, told Reuters. Officials hope a global target will boost supplies of new Sustainable Aviation Fuel and encourage private investment. Even then, aviation is expected to remain in the cross-hairs of climate groups who see the exercise as a smokescreen. "A long-term emissions reduction goal with no enforceability plan is dead on arrival," said Jo Dardenne, aviation director at Brussels-based Transport & Environment.

☆ 9 of the best Caribbean islands to visit
▼ + stars: | 2020-01-03 | by ( Marnie Hunter | ) edition.cnn.com time to read: +10 min

CNN —With hundreds of Caribbean islands to choose from, it can be daunting to decide on a destination in this sun-splashed region. Shutterstock North and Middle Caicos, for the unspoiled Caribbean: North and Middle Caicos offer a serene retreat from the Turks and Caicos' more developed islands. Shutterstock Saba, for a white-knuckle aviation thrill: This petite Caribbean island flies under most tourists' radar. Shutterstock 9 of the top Caribbean islands Prev NextLush volcanic peaks, deep valleys and 365 rivers cover the Eastern Caribbean island of Dominica. North and Middle Caicos: For the unspoiled CaribbeanMudjin Harbor Beach in Middle Caicos is a spectacular spot for relaxation.

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