Macau’s banking sector has been hit hard by a dramatic rise in non-performing loans over the past year. According to data from the Monetary Authority of Macau (AMCM), non-performing loans surged to 45.4 billion patacas (around $5.25 billion) by the end of March 2024. This reflects a staggering 111.3% increase compared to the previous year. […]
Related Posts
Brazil eyes new investment in Cuba amid debt talks
In the latest Brazil news, the country eyes new Investment in Cuba amid debt talks. President Lula visits Cuba to address the US$520 million debt issue. Lula’s chief foreign policy advisor, Celso Amorim, said, “We can invest in Cuba, even with other countries.” Brazil has previously funded Cuba and always received repayment. Relations worsening led […]
BlackRock Nears Top Bitcoin Holder Status
Around seven years ago, BlackRock’s CEO, Larry Fink, dismissed Bitcoin as a tool for money laundering. Fast forward to 2024, and BlackRock is on the verge of becoming one of the largest holders of Bitcoin through its iShares Bitcoin Trust (IBIT), reflecting a dramatic shift in its stance on cryptocurrency. Since its launch in January, […]
Watch out for the new ‘ghost hackers’
Imagine if this happened to you. Your spouse passed away and a few weeks after the funeral, you get a message from them that says, “Hi, hope you’re having a great day.” Other friends report they’re getting similar messages from your spouse. Some messages offer big returns in crypto investments. Join over 500,000 people who […]