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Macau casino revenue plunged a record 49 percent year-on-year in February as gaming takings free fall due to China's corruption crackdown, figures showed on Tuesday. February revenue fell to 19.54 billion patacas ($2.45 billion), compared with 38.01 billion patacas for the same period last year, according to figures from the former Portuguese colony's Gaming Inspection and Coordination Bureau. "With all the current policies from China and the changing sentiment in Macau, we were not expecting the main driver for revenue to improve," Simsen International Financial Group associate director Jackson Wong told AFP.
Barclays fell into a net loss last year, the British bank said Tuesday, hit by huge costs linked to its alleged role in the rigging of foreign exchange markets. Barclays reported a loss after tax of Â£174 million ($268 million, 239 million euros) for 2014 compared with a net profit of Â£540 million the previous year. It has set aside Â£1.25 billion "for ongoing investigations and litigation relating to Foreign Exchange", including Â£750 million for the final quarter of 2014, the bank said in an earnings statement. Barclays had announced in October a provision of Â£500 million for any eventual costs and fines linked to the probes.
(Reuters) - Ben Carson, a retired surgeon popular with Tea Party conservatives, has formally created an exploratory committee to run for president, according to his campaign chief executive, Terry Giles, the Wall Street Journal reported. With the exploratory committee, Carson can raise money that he can transfer to his campaign once it begins, the Journal said. Carson, a former neurosurgeon at Maryland-based Johns Hopkins University, has no prior political experience.