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Australia’s Crown Resorts leaves Las Vegas, sells down Macau

December 15, 2016 by · Leave a Comment 

By Byron Kaye and Jonathan Barrett SYDNEY (Reuters) – Australia's No. 1 casino company Crown Resorts Ltd is planning a near-total exit from the world's two biggest gaming hubs, Las Vegas and Macau, as a gambling crackdown in China hits profits and throws its expansion plans into disarray. The retreat from overseas casinos shows the impact the Chinese government's anti-graft campaign is having on casino…

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Australia’s Crown Resorts leaves Las Vegas, sells down Macau

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No price like home: Big spenders reappear in China

December 4, 2016 by · Leave a Comment 

SHANGHAI/BEIJING (Reuters) – China's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents – a welcome boost for the world's luxury brands. China's rich make up almost a third of the world's luxury shoppers, up from only 2 percent around the …

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No price like home: Big spenders reappear in China

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Sneakers show limits of trade policy in reviving jobs for Trump

November 22, 2016 by · Leave a Comment 

Consider the sneaker industry, one of the first to move to Asia because of the sharply lower cost of production in China and Vietnam. Nike Inc and its smaller, privately held rival New Balance Shoes Inc split over the question of whether the United States should back the Trans Pacific Partnership (TPP) trade deal.

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Sneakers show limits of trade policy in reviving jobs for Trump

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China pledges further opening as leaders scramble for free trade

November 20, 2016 by · Leave a Comment 

By Rosalba O'Brien and Kiyoshi Takenaka LIMA (Reuters) – Chinese President Xi Jinping pledged to open the economy further on Saturday as leaders of Asia-Pacific countries sought new free-trade options following Donald Trump's election to U.S. president on promises to scrap or renegotiate trade deals. All eyes were on China at this year's APEC summit in Lima, Peru just over a week after Trump's surprise victory in the United States …

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China pledges further opening as leaders scramble for free trade

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Asian export nations wary dollar boost gives Trump pretext to beat them

November 20, 2016 by · Leave a Comment 

TOKYO/SEOUL (Reuters) – Asian currency policymakers are worried that the strengthening of the dollar on expectations of U.S. President-elect Donald Trump's fiscal policies could be used by his administration as a stick to beat them with on trade protectionist grounds. China, Japan, South Korea and Taiwan are already on the U.S. Treasury&#…

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Asian export nations wary dollar boost gives Trump pretext to beat them

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Can Trump make coal great again? At least some companies think so

November 19, 2016 by · Leave a Comment 

By Timothy Gardner WASHINGTON (Reuters) – Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. “This is the best news that Appalachia as a whole has had in about 10 years,” said Jason Bostic…

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Can Trump make coal great again? At least some companies think so

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China launches $11 billion fund for Central, Eastern Europe

November 7, 2016 by · Leave a Comment 

China has set up a 10 billion euro ($11.15 billion) investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China said in a statement issued on Sunday. The China-Central Eastern Europe fund will

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China launches $11 billion fund for Central, Eastern Europe

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Corolla, Toyota’s car for the masses, turns 50

November 5, 2016 by · Leave a Comment 

This weekend marks the 50th anniversary of the Toyota Corolla, one of the world's best-selling cars. Since the first model went on sale in Japan on Nov. 5, 1966, some 44.3 million Corollas have been sold globally through the end of September, including the Corolla Fielder station wagon and other variants, the Japanese automaker says. Here are some milestones along the way and where it stands today.   CAR FOR THE MASSES In the late 1950s, as Japan&#…

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Corolla, Toyota’s car for the masses, turns 50

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Taco Bell to hire 100,000 as part of U.S. expansion

November 5, 2016 by · Leave a Comment 

Taco Bell, which operates about 7,000 restaurants in the United States, generated revenue of about $2 billion in 2015. Taco Bell's U.S. expansion follows its plans to grow its international store base to 1,000 restaurants by 2022. The planned hiring and expansion efforts come on the heels of Yum Brands' spinoff of its China operations, the company's top profit generator, into a separate unit called Yum China Inc earlier this

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Taco Bell to hire 100,000 as part of U.S. expansion

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White House urges ban on non-compete agreements for many workers

October 26, 2016 by · Leave a Comment 

The administration said so-called non-compete agreements interfere with worker mobility and states should consider barring companies from requiring low-wage workers and other employees who are not privy to trade secrets or other special circumstances to sign them. Vice President Joe Biden in a statement said he had heard from a…

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White House urges ban on non-compete agreements for many workers

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