Las Vegas Sands Corp. Chairman Sheldon Adelson insisted his company would thrive despite worsening economic conditions as he marked the one-year anniversary Thursday of his US$2.4 billion Venetian resort in this southern Chinese gambling city.
Asia > China

The World Bank said on Tuesday more people are living in extreme poverty in developing countries than previously thought as it adjusted the recognized yardstick for measuring global poverty to US$1.25 a day from US$1.
Global Markets

The Shanghai to Taiwan flight route has been the most popular since the launch of weekend charter flights between Taiwan and China in early July, according to Chinese customs statistics released Wednesday.
Asia > Taiwan

Taiwan's economy is showing signs of slowing down, reported the Cabinet-level Council for Economic Planning and Development (CEPD) yesterday, as it announced the island's economic soundness index for July was 15, a 62-month low.
Asia > Taiwan

Taiwan's consumer confidence index for August registered a slight decline over the previous month's level, according to the results of the latest survey by National Central University's Research Center for Taiwan Economic Development (RCTED) released yesterday.
Asia > Taiwan

The current global economic downturn is likely to be protracted but economies in Asia will suffer less than those in the developed world, according to Professor Norbert Walter, Chief Economist of the Deutsche Bank Group.
Asia > Taiwan

Jack Huang, founder and managing director, Dreamhub International Ltd., recently led an AmCham Marketing and Distribution Committee workshop held at the Grand Formosa Regent Hotel in Taipei.
Asia > Taiwan

Major U.S. airports were operating normally on Tuesday evening after a glitch in the computer system for filing flight plans delayed hundreds of flights, the Federal Aviation Administration said.
Americas

China Steel Corp., Taiwan's largest steelmaker, posted a 16 percent gain in second quarter profit after raising prices and benefiting from shipbuilders demand.
Company Focus

Taiwan's TAIEX index climbed 116.37 points, or 1.7 percent, to 7,080.97 at the close of trade in Taipei, its highest in eight days.
Asia > Taiwan