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Attendants conduct play with the visitors over a Black Jack gaming table during the Global Gaming Expo Asia in Macao, May 23, 2013. Losing money due to COVID, the American casino giants that helped make Macao the "Las Vegas of Asia" face a fresh challenge: The tiny Chinese territory wants them to reduce its reliance on gambling by building theme parks and other tourist attractions. (AP Photo/Kin Cheung, File)

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'Las Vegas of Asia' tells casinos to grow beyond gambling
By JOE MCDONALD - AP Business Writer
Mon,07/11/22-1:56AM , 56 Reads
BEIJING (AP) — Losing money due to COVID, the American casino giants that helped make Macao the “Las Vegas of Asia” face a fresh challenge: The tiny Chinese territory wants them to help reduce its reliance on gambling by paying to build theme parks and other attractions.
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Pedestrians walk past the New York Stock Exchange, Thursday, July 7, 2022 in New York. Stocks rallied again on Wall Street Thursday, and the S&P 500 is closing out a fourth straight gain. (AP Photo/J. David Ake)

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Asian markets follow Wall St higher as recession fears ease
By JOE MCDONALD - AP Business Writer
Thu,07/07/22-12:13AM , 170 Reads
BEIJING (AP) — Asian stock markets followed Wall Street higher Friday after two Federal Reserve officials said the U.S. economy might avoid a recession and news reports said China might boost construction spending to stimulate its struggling economy.
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 7, 2022. Asian stock markets gained Thursday after the Federal Reserve said higher U.S. interest rates might be needed to cool inflation. (AP Photo/Ahn Young-joon)

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Asian stocks higher after Fed says rate hikes may be needed
By JOE MCDONALD - AP Business Writer
Wed,07/06/22-1:33AM , 203 Reads
BEIJING (AP) — Asian stock markets gained Thursday after the Federal Reserve said higher U.S. interest rates might be needed to cool inflation.

Shanghai, Tokyo and Sydney advanced. Hong Kong declined. Oil prices fell more than $1 per barrel to stay below $100.
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A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at a foreign exchange dealing room in Seoul, South Korea, Thursday, June 30, 2022. Asian stock markets were mixed Thursday after the U.S. economy contracted and China reported stronger factory activity.(AP Photo/Lee Jin-man)

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Asia stocks mixed after Wall St down, China manufacturing up
By JOE MCDONALD - AP Business Writer
Wed,06/29/22-2:07AM , 182 Reads
BEIJING (AP) — Asian stock markets were mixed Thursday after the U.S. economy contracted and China reported stronger factory activity.

Shanghai and Hong Kong gained, while Tokyo and Seoul declined. Oil prices advanced.
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