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.
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.
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.
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.
Asian stocks sank Monday as investors’ growing concerns about the shaky global economy overpowered any remaining optimism over central bank stimulus efforts.
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.
Asian stock markets fell Monday, led lower by mainland Chinese stocks hitting their lowest since 2009 as hopes dimmed of further stimulus from policymakers.
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.
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 [...]
