In the days before the Chinese New Year celebration began this week, six high rollers sat down at the private baccarat tables one day at the MGM Grand in Las Vegas and began throwing down wagers of $100,000 to $200,000 a hand. It was a scene hardly out of place these days in Sin City.
Most shoes bought in the U.S. were likely made in China. Now an American shoemaker wants to put the shoe on the other foot, by persuading the Chinese to wear shoes made in the U.S.A.
In recent years, the United States has imposed punishing sanctions on Iran's financial sector. Last month, the Treasury Department announced new measures intended to hamper Iran's ability to raise and move funds internationally. Several Western allies have followed suit in an attempt to tighten the noose around the Islamic republic and curb its ability to achieve nuclearization. Yet a close analysis of Treasury's action demonstrates that the new sanctions regime is far weaker than existing laws and falls short of the moves members of Congress are demanding. What is needed is not new measures, but better implementation of existing statues.
Faded and forgotten Western brands are being dusted off and brought back to life by companies in Asia targeting the burgeoning number of people looking for labels to match new middle-class lifestyles.
A rush of theme-park construction across Asia that will result in new homes for Mickey Mouse, the Monkey King and Hello Kitty also is providing a financial lifeline for the world's elite group of entertainment designers.
Wynn Resorts has acquired a rare set of antique Chinese vases to adorn its newest resort in the Chinese gambling enclave of Macau (mah-COW').
Some of Bollywood's biggest stars gathered in Toronto on Thursday to kick off the 12th International Indian Film Academy weekend _ held for the first time on North American soil.
A mutated strain of scarlet fever more resistant to antibiotics has killed a second child in Hong Kong, the first deaths from the illness in the southern Chinese city in at least a decade, authorities said Wednesday.
Imagine a Chinese aircraft carrier sailing south close along the Florida coast and making a port call in Cuba. It seems unimaginable but this scenario may be in our near future.
