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The construction boom on Hengqin, just a 10-minute drivefrom Macau, comes at a time when mega-resorts are beingdeveloped in Asia in places like Taiwan, South Korea, thePhilippines and Vietnam to tap the region's growing ranks ofwealthy tourists.
LONDON, Sept 20 (IFR) - Italian telecom company Wind'sPayment-In-Kind bonds dropped sharply on Tuesday on concernsthat the deeply subordinated notes would not be refinanced asquickly as some bondholders had expected.
** America Movil, the phone company controlled bybillionaire Carlos Slim, said it would not go ahead with a planto boost its stake in KPN after the Dutch telecom's foundationblocked the Mexican company's bid. America Movil had accumulatednearly 30 percent of KPN's stock and said it planned to investheavily in KPN if it was able to control the company.
The company was permitted to mine in the area, but was advised to steer clear of sacred sites, and was warned in early 2011 that cracks were appearing in rocks at the Bootu Creek site, the broadcaster said.
Independent experts believe that "the effects of a government shutdown on the implementation of the ACA (Affordable Care Act) are likely to be pretty small," said Paul Van de Water, a policy analyst at the Center on Budget and Policy Priorities, a Washington-based non-profit think tank.