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Business & Finance

• Macau Gambling Revenue Rose 42% in 2011

  Macau, the only place in China where casino gambling is legal, saw gambling revenue soar 42% in 2011 to a record $33.47 billion.

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  Total Snaps Up U.S. Shale Stake

  France's Total SA purchased a minority stake in a swath of Chesapeake Energy's Ohio shale discovery for $2.32 billion, in a deal that shows foreign companies' appetite for U.S. oil-and-gas assets.

• China Data Boost Asia Shares

  On the first trading day of the year for many Asia markets, stocks rallied as positive Chinese manufacturing data helped improve sentiment. Hong Kong's Hang Sang Index rose 2.4%.

  • Asia as Investor Haven?

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  Euro Gains as Investors Trim Year-End Shorts

  Better-than-expected manufacturing data from China overnight also helped to brighten sentiment, pushing the Australian dollar to a three-week high.

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  Seoul Stays Vigilant on Capital Flows

  South Korea said it will continue studying ways to reduce economic risk posed by rapid capital flows in and out of the country, as growing concerns about the euro zone stoke fear over the possibility of another major global economic shock.

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  Temasek Launches North Asia Fund

  Temasek Holdings has set up an investment vehicle to expand its coverage in North Asia, especially China, as part of the Singapore state investment company's efforts to shore up its presence in one of the world's fastest growing economies.

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  Fragile Banks Remain Afloat

• Spain Moves to Curb Deficit

• New Hurdles Loom in Euro Crisis

• Singapore Economy Beats Estimates

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  Bridgewater Stays Gloomy for 2012

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  Caterpillar, Rio Initiate Lockouts in Canada