ASIA

US accuses casino mogul Wynn of acting as Chinese agent

WASHINGTON, May 17 (Reuters) – The U.S. Justice Department on Tuesday sued Steve Wynn, the former CEO of Wynn Resorts (WYNN.O), forcing him to register as a China agent and accused him of pressuring then-President Donald Trump. at Beijing’s request in 2017. Wynn’s lawyers have denied the allegations, saying he never acted as an agent …

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Stock market rebound fizzles, UK inflation hits 40-year high

LONDON, May 18 (Reuters) – A rebound in equities petered out on Wednesday as concerns over the outlook for economic growth and rising inflation rattled sentiment, while a British inflation reading of 9 % highlighted just how much interest rates could rise. Asian stocks managed to post their fourth consecutive session of gains, but in …

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