Galaxy to spend $7.4b on Macao expansion

Galaxy Entertainment Group Ltd, the casino operator controlled by billionaire Lui Che Woo, plans to spend about HK$57 billion ($7.4 billion) more to expand in Macao and will recreate New York's Broadway theater to woo more visitors.

Founder Securities says it can't contact chairman as govt probe goes on

Lei Jie, chairman of China's Founder Securities Co and its joint venture with Credit Suisse Group AG, could not be contacted by Founder as the government questions executives at the company's parent.

Draghi stimulus to get Europe going

ECB urges continued spending to achieve sustained adjustment in the rate of inflation

Crude imports hit record in Dec

Crude oil imports surged to their highest level in December as China purchased record quantities from its trading partners, cashing in on the rapidly falling prices in the global market.

Corn imports show steady growth

Corn imports by China, the world's second-biggest consumer, jumped in December as shipments from Ukraine surged from the previous month.

PMI signals industrial stabilization, analysts say

A gauge of manufacturing activity recovered lost ground in January, suggesting stimulus measures have helped stabilize the world's second-largest economy.

IN BRIEF (Page 7)

Time to push on with IMF reform

As the US Congress failed to incorporate the International Monetary Fund reform package of November 2010 into its budget legislation, the IMF quota and governance reforms are once again stalled.

World trade rules should be written and abided by all

In his State of the Union address delivered on Tuesday, US President Barack Obama said: "China wants to write the rules for the world's fastest-growing region. That would put our workers and businesses at a disadvantage. ... We should write those rules." Comments:

Wanda invests in football dreams

ON WEDNESDAY, Dalian Wanda Group, one of China's enterprise giants, announced it was investing 45 million euros ($52 million) on purchasing 20 percent shares of Atlético de Madrid, thus becoming its second largest shareholder. Wang Jianlin, Wanda's boss, said it would "help homegrown football players and narrow the gap between China and the rest of the world". Comments:

Hot Words

President Xi Jinping has given important instructions recently on political and legal work. He said, "We should cultivate a political and legal team that is loyal to the country, the people and the law. We should guarantee that the sword hilt is firmly held in the Party and the people's hands."

Move for better law enforcement

At long last, the performance assessment mechanisms for law enforcement agencies are to be adjusted. The mal-designed assessment requirements, the misleading quotas that have been adopted in particular, are an obvious source of injustice and corruption.