From our staff and wire services
An Atlantic City casino will bury vouchers worth $200,000 in the sand on its beaches in September for gamblers to dig up and win. The Trump Taj Mahal Casino Resort will hold its "$200 Grand In The Sand" promotion on Sept. 1.
China credit at risk
A cash shortage that hit China's credit markets this month was the first shock wave from what analysts say could be Beijing's most drastic clampdown on credit in two decades. The central bank has called for tighter lending standards, which should reduce risk but is likely to reduce financing for a private sector that generates China's new jobs and wealth. The government has yet to say how extensive the controls will be or what it might do to ensure lending for producers who Chinese leaders have said they want to support.
Oil prices on rise
The price of oil rose Friday as the U.S. economic outlook brightened and concerns eased about a credit crunch in China. Benchmark oil for August delivery was up 21 cents to $97.26 per barrel in electronic trading.
Locks prompt recall
Ford is recalling 13,000 Explorer, Taurus and Lincoln MKS cars and SUVs because the child safety locks may not work on the rear doors. The recall affects 2013 model cars sold mainly in North America. Ford said the safety locks can be turned off when the doors are opened or closed. That could allow a door to be opened with the inside door handle and hurt a child.
Macau casinos watch
U.S. regulators should tighten scrutiny of casino companies operating in Macau, the world's top gambling market, because of the risk of money laundering. The warning came Friday from the U.S.-China Economic and Security Review Commission, which heard testimony in Washington on Thursday.
A new pipeline to bring gas to Europe from the Caspian Sea will go through Greece and then under the sea to Italy. The plan scuttles an alternative to bring gas through Bulgaria and into Austria. BP said Friday that the project was awarded to the Trans-Adriatic Pipeline.
BlackBerry sees loss
Shares of BlackBerry-maker Research in Motion plunged nearly 30 percent Friday after the company posted a loss and warned of future losses despite releasing a new smartphone this year. The company said it sold 6.8 million phones overall versus 7.8 million last year.
Japan's industrial production rose 2 percent in May from April, the fourth straight monthly increase, while the most-watched consumer price index stopped falling for the first time in seven months. For years, Japan has been dogged by deflation, or falling prices, which can drag on economic growth, and the Bank of Japan has set a goal of 2 percent inflation within two years.
Vietnam cash devalues
Vietnam devalued its currency by 1 percent in an effort to boost its foreign exchange reserves and exports.The dollar will buy 21,036 dong, 1 percent less than the previous official rate of 20,828 dong per dollar.
It is the first devaluation since November 2011.
Carbon cap opposed
Germany blocked a European Union agreement to cap carbon emissions from cars because the deal could have cost jobs and harmed the auto industry. Germany wants to allow automakers such as BMW, Daimler and Audi - whose emissions are higher than those of their European competitors - to collect credits they can use to offset higher pollution levels beyond 2020.
Vatican smugglers caught
A Vatican cleric was arrested Friday by Italian police for allegedly trying to smuggle $26 million in euros into the country from Switzerland by private jet. It's the latest scandal to hit the Holy See and broadens an Italian probe into its secretive bank.