This is in large part because, unlike heavily regulated casinos in America, casino firms here do not ask too many questions about who these big spenders are or where they get their money.They outsource such tasks to the junketeers, who typically find the fat cats and fly them to Macau, extend them credit to get around China's tight currency controls and manage the VIP gambling rooms.
Tight currency controls, corruption and onerous tax regulations of many nations all but force their citizens to use informal channels, which invites mischief.
Peaks, valleys and harbours The Chávez play Phoney finance Hard currency, tight spot ReprintsThere are two simple ways to stop reserves rising.
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Peaks, valleys and harbours The Chávez play Phoney finance Hard currency, tight spot ReprintsWith remarkable bad timing, a big and glamorous skyscraper was nearing completion at the time.
HARD CURRENCY, TIGHT SPOTThe good news is that since it adopted the euro, Italy has gotten very cheap rates on its debt.
Peaks, valleys and harbours The Chávez play Phoney finance Hard currency, tight spot ReprintsBut financial scholars are beginning to demystify hedge funds.
Peaks, valleys and harbours The Chávez play Phoney finance Hard currency, tight spot ReprintsOne reason why bond yields are low across the euro area is that inflation is under control and expected to stay that way.
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Despite China's success in maintaining tight control over its currency and the recent actions of Taiwan, Brazil and others, not all emerging markets are erecting barriers.
On Saturday, the government widened the trading band that limits the renminbi's daily moves against the dollar, loosening its tight reins on the currency just a bit.
