Advertisement
Canada markets open in 1 hour 48 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7323
    -0.0001 (-0.01%)
     

  • CRUDE OIL

    84.18
    +0.61 (+0.73%)
     

  • Bitcoin CAD

    87,634.16
    +418.64 (+0.48%)
     

  • CMC Crypto 200

    1,385.59
    -10.95 (-0.78%)
     

  • GOLD FUTURES

    2,358.70
    +16.20 (+0.69%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,751.75
    +184.25 (+1.05%)
     

  • VOLATILITY

    15.61
    +0.24 (+1.56%)
     

  • FTSE

    8,118.62
    +39.76 (+0.49%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6826
    +0.0005 (+0.07%)
     

Macau authority lowers upper limit for ATM withdrawals per transaction

Reuters

HONG KONG (Reuters) - The Monetary Authority of Macao said on Friday it has lowered the upper limit for automated teller machines (ATMs) withdrawals to 5,000 patacas ($626.33) or Hong Kong dollars per transaction and clarified the daily withdrawal limit is still 10,000 yuan ($1,449.30) per day.

The authority said the move will regulate Chinese bank cardholders' overseas money withdrawals. The limits are effective Friday.

The South China Morning Post, citing a finance industry source, reported late on Thursday that Macau would halve the amount of cash that China UnionPay cardholders can withdraw from ATMs in the territory.

Casino stocks tumbled after a report that Macau, the world's biggest gambling hub, would limit cash withdrawals as part of a Beijing-led crackdown on illicit outflows.

(Reporting by Clare Jim; Editing by Sam Holmes)