CHINA

China eases Macau visas; casino shares soar

IBTimes Logo
China has quietly eased restrictions on its citizens traveling from Guangdong province to Macau, sending casino stocks soaring on Monday as industry executives bet on record October earnings in the world's hottest gambling market.

Stock futures dip along with oil

IBTimes Logo
Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.5 percent and Nasdaq 100 futures down 0.7 percent at 4:18 a.m. EDT.
IBTimes Logo

China shares lead Asia lower

Asian stocks eased on Monday, pulling further away from 13-month highs hit last week, as investors worried prices may have raced too far ahead of economic fundamentals, with shares in China feeling supply pressures ahead of a string of IPOs.
More news
IBTimes Logo

Obama wants G20 to rethink global economy

U.S. President Barack Obama said on Sunday he would push world leaders this week for a reshaping of the global economy in response to the deepest financial crisis in decades.
IBTimes Logo

Obama faces leadership test at U.N., G20

U.S. President Barack Obama begins his biggest week yet on the world stage, facing pressure for results on an agenda of rekindling Middle East peace talks, tackling climate change and reshaping financial regulations.
IBTimes Logo

Mao's Last Dancer leaps onto movie screens

He gained fame as one of China's best dancers and was at the center of an international crisis, but the real story of Li Cunxin may never have been told if it had not been for Li sitting down to write it.
IBTimes Logo

Libya to buy Canadian oil producer Verenex

Verenex Energy Inc, a Canadian oil producer focused on Libya, said on Friday it had entered into an agreement to be bought by a Libyan sovereign wealth fund, after the collapse of a deal reached with China.
IBTimes Logo

Don't cry for the dollar, yet

Its sharp decline in the last week has pushed the euro to its highest level in a year and reignited fears that there's only one place for the dollar to go, and that's down. Rhetoric from influential investors like Warren Buffett as well as big foreign buyers of U.S. debt like China and Russia has fed that sense of doom.
IBTimes Logo

China economic outlook rosy

China's central bank said on Saturday it had done a good job promoting economic growth and would keep implementing pro-growth policies as set by the country's top leadership at a meeting this week.
IBTimes Logo

China warns of stability threat from H1N1 flu

China's public security ministry has warned police to be on guard against any threats to public order linked to the spread of the H1N1 strain of flu, including the spreading of rumors and price-gouging for drugs.
IBTimes Logo

China's economy to achieve growth target

China's economy will be able to achieve a growth target of 8 percent this year, but the country should not rest on its laurels as problems remain, the statistics bureau's top economist was quoted as saying on Saturday.
IBTimes Logo

On tap: biggest week for IPOs since 2007

Next week is slated to be the biggest for initial public offerings in the United States in nearly two years -- and some say the resurgence could be sustainable.
IBTimes Logo

Taiwan city balks on Uighur film over China worries

Taiwan's second-largest city is reconsidering plans to show a film about Uighur leader Rebiya Kadeer over concerns it would upset China just weeks after the Dalai Lama's visit to the island, officials said on Friday.
IBTimes Logo

China regulator OKs 6 more firms for second board

China's securities regulator has approved another six firms' applications for listing on the country's second board in Shenzhen, a badly needed source of funding for start-ups in the world'sm third largest economy, the offical Xinhua news agency said on Friday.
IBTimes Logo

Airline workers may spread H1N1, expert says

Airline employees who report to work ill are more likely than sick passengers to spread infections such as the H1N1 swine flu virus aboard airplanes, with low-paid workers posing the greatest danger, a U.S. government expert said on Thursday.
IBTimes Logo

Galaxy sees Macau gaming recovery, welcome IPOs

Galaxy Entertainment Group Ltd, which reported its best half-year earnings since 2005, said it saw signs of recovery in Macau's gaming sector and would welcome Las Vegas operators listing their Macau assets in Hong Kong.
IBTimes Logo

Goldman to sell Sanyo stake for $648 mln profit

Goldman Sachs said it agreed to sell part of its stake in Japan's Sanyo Electric Co Ltd into a planned tender offer by Panasonic Corp, locking in 59 billion yen ($648 million) in profit.
IBTimes Logo

North Korea's nuclear vows fail to sway skeptics

North Korean leader Kim Jong-il told a visiting Chinese envoy he will work to end his country's nuclear arms program through multilateral talks in an apparent breakthrough, but similar vows in the past have not been met with action.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.