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Business Latest News: Fed Outlook Bolsters Dollar, Caps Asian Shares

Wochit 0:48 mins

The dollar rose on Monday as the prospect of an improving U.S. economy that has prompted the Federal Reserve to consider toning down its stimulus drive in coming months, but Asian shares were capped as investors adapted to the Fed's evolving plan. Australian gaming firm Echo Entertainment has submitted plans for a $1 billion expansion of its Star casino in Sydney, including an option that would allow rival Crown Ltd to open a VIP-only casino. In a country synonymous with larger-than-life mining tycoons and Outback heroes, the geeks are quietly inheriting the earth.

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