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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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Macau-Asia-Gambling

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 »

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