Word: macau
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...Even Pyongyang's friends have proved fickle. Last week, South Korean newspapers reported that China, the North's closest ally, largest trading partner and aid donor, had frozen North Korean assets held in the Macau branch of the Bank of China. Beijing's clampdown, which took place last year, followed a similar freeze on about $24 million of Pyongyang's cash in another Macau bank-Banco Delta Asia-which the U.S. claimed was funneling money the North earns from drug smuggling and counterfeiting...
...return to the six-party talks, the multilateral forum created to negotiate an end to North Korea's nuclear program. Pyongyang's delegates walked out of the last round of talks in November, vowing not to return unless the U.S. lifts a freeze on North Korean assets at a Macau bank. That freeze was imposed to crack down on North Korea's trafficking in drugs and counterfeit U.S. dollars...
...Since then, North Korea has continued to press for direct talks with the Bush Administration, which Washington has refused. And the U.S. has been quietly applying a chokehold to the regime's finances by clamping down on its money-laundering activities in the banks of the Chinese island of Macau...
...Chen's troubles have prompted his critics, particularly those on the mainland, to assert that a freewheeling, democratic system is not suitable for Taiwan, and, by extension, for China, Hong Kong and Macau. To be sure, his administration has not distinguished itself, and frequent fisticuffs in the legislature?including the recent image of a legislator chewing the papers of a rival?do not convey a positive image of the island's political process...
...MILLION Record price paid at auction for a Ming dynasty vase purchased by Las Vegas gaming magnate Steve Wynn, who said he would donate it to a museum in Macau $1.1 BILLION Cost of the casino Wynn is building in Macau...