HONG KONG (Reuters) -The arrest of Macau's junket mogul is expected to shrink business in the world's largest gambling hub, with authorities in China this week underlining their intent to crack down on what they see as a dangerous outflow of funds from the mainland.

Shares of Macau gambling group Suncity Group Holdings Ltd slumped 40% in resumed trade on Tuesday after its CEO was arrested over alleged links to cross-border gambling. The company said he intends to resign.

The Dubai government is considering an initial public offering of Emirates airline, the flagship carrier's President Tim Clark said on Monday, as authorities work to boost activity on the local stock market.

Shares of Macau gambling group Suncity Group Holdings Ltd lost nearly half their value in resumed trade on Tuesday after its CEO was arrested. The company said he intends to resign.

KUALA LUMPUR (Reuters) -Shares of Malaysia's ATA IMS extended losses on Tuesday after a decision last week by appliance maker Dyson to cut ties over accusations of forced labour, while a research house raised doubts about its ability to add new customers.

BEIJING (Reuters) -China's factory activity unexpectedly picked up in November, growing for the first time in three months as the crippling surge in raw material prices and power rationing eased, taking some pressure off the manufacturing sector.