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Survey finds China manufacturing hits 2-year high

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A man checks the electronic stock board of a securities firm in Tokyo, Tuesday, Dec. 18, 2012. AP FILE PHOTO

China’s manufacturing crept higher this month to the fastest pace in two years, a survey showed Thursday, in another sign the world’s second-biggest economy is coming out of a downturn.

Posted: January 24th, 2013 in Latest Business Stories | Read More »

Macau casino revenue in 2012 rose to $38 billion

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The complex of Galaxy Macau is illuminated in Macau in this May 15, 2011, file photo. Casino revenue in Macau climbed 13.5 percent in 2012 to a record $38 billion, as the Asian gambling hub reinforced its position as the world's biggest gambling market.  AP/VINCENT YU

Casino revenue in Macau climbed 13.5 percent last year to a record $38 billion, as the Asian gambling hub reinforced its position as the world’s biggest gambling market.

Posted: January 2nd, 2013 in Latest Business Stories | Read More »

Macau grapples with booming casino economy

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A gambling-school’s students practice on a table in Macau, China. The students sitting around the roulette table are getting schooled on how to quickly calculate payoffs for the casino game by glancing at how the bets are placed.  AP PHOTO/VINCENT YU

In a nondescript building around the corner from the world’s biggest casino, students at the Macau Polytechnic Institute are in class. Huddled at a long table topped with green felt, they pay close attention as their instructor writes a series of diagrams and numbers on a whiteboard.

Posted: November 22nd, 2012 in Latest Business Stories | Read More »

Asia’s budget airline boom bypasses China

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In this Wednesday, Sept. 26, 2012, photo, passengers push their luggage carts by the airliners' check-in counters at the Beijing Capital International Airport in Beijing. From almost none a decade ago, Asia now has more than 50 low cost carriers. The fast growth of no-frills airlines underline surging demand in the region for affordable air travel. But in China three big state-owned carriers dominate, leaving Chinese travelers out of the massive budget airline boom that has swept the region.  AP PHOTO/ANDY WONG

When businesswoman Ren Hong flew home after a recent trip to Beijing on state-owned Air China, she was hoping for a decent inflight meal to tide her over until she got back to the spicy cuisine of her native Sichuan province.

Posted: September 27th, 2012 in Latest Business Stories | Read More »

Asian stocks sink as global economy fears rise

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People look at an electric quotation board flashing share prices of the Tokyo Stock Exchange (TSE) in front of a securities company in Tokyo on September 7, 2012.  AFP FILE PHOTO

Asian stocks sank Monday as investors’ growing concerns about the shaky global economy overpowered any remaining optimism over central bank stimulus efforts.

Posted: September 24th, 2012 in Latest Business Stories | Read More »

Asian casino boom aims to lure region’s new rich

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The complex of Galaxy Macau is illuminated in Macau in this May 15, 2011, file photo. Casino revenue in Macau climbed 13.5 percent in 2012 to a record $38 billion, as the Asian gambling hub reinforced its position as the world's biggest gambling market.  AP/VINCENT YU

In the Philippines, a $4-billion casino will soon rise from reclaimed land on Manila Bay. In South Korea, foreign investors are expected to break ground next year on a clutch of casino resorts offshore. And on the eastern edge of Russia, authorities plan a resort zone aimed at drawing Chinese high-rollers.

Posted: September 13th, 2012 in Latest Business Stories | Read More »

Asian stocks fall, China index lowest since ’09

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A man looks at a securities firm's electronic stock board in Tokyo Thursday, Aug. 16, 2012. Japan's Nikkei 225 index rose 1.88 percent to 9,092.76 Thursday as Asian stock markets were mostly higher after comments from Chinese Premier Wen Jiabao added to hopes for more action to spur the world's No. 2 economy.  AP PHOTO/SHIZUO KAMBAYASHI

Asian stock markets fell Monday, led lower by mainland Chinese stocks hitting their lowest since 2009 as hopes dimmed of further stimulus from policymakers.

Posted: August 20th, 2012 in Latest Business Stories | Read More »

Yahoo to sell half of its Alibaba stake for $7.1B

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In this Aug. 11, 2005, file photo, a man walks past a screen displaying the Yahoo and Alibaba.com logos before a joint news conference by the companies at the China World hotel in Beijing. Yahoo announced that it has agreed to sell half of its 40 percent stake in Chinese e-commerce company Alibaba for about $7.1 billion. The deal will see Alibaba Group buying back the stake from Yahoo Inc. for $6.3 billion cash and up to $800 million of Alibaba preference shares.  AP PHOTO/ELIZABETH DALZIEL

Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.

Posted: May 21st, 2012 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Boeing warns of pilot shortfall in Asia

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HONG KONG—Airplane maker Boeing Co. warned Monday that Asia faces a shortfall of new pilots needed to meet surging demand for air travel and that it will get harder to recruit because the profession isn’t desirable anymore. Boeing predicts that the Asia-Pacific region will need 182,300 new pilots from 2011 to 2030, with about two-fifths [...]

Posted: September 19th, 2011 in Latest Business Stories | Read More »

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