Economy Archive

China upgrades renminbi. Importance of dollar eroded. 11 currencies added to basket of 13

China strengthens currency basket. * * * * * * * * * * * *

Philippines slated to become ‘next Hawaii’. Japanese gambling magnate setting up shop here. Targeting the vast Chinese tourist industry

gambling investors arriving. * * * * * * * * * * * * *

Junket tycoon Jack Lam ordered arrested Non-payment of taxes on online collections from abroad Also accused of trying to bribe officials

Junket tycoon Jack Lam ordered arrested. * * * * * * * * * *

OPEC-14: Now, cuts by non-OPEC producers 558,000 barrels a day to be cut

Non-OPEC producers to support OPEC. * * * * * * * * * * *