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Reuters – Wynn Resorts Ltd upped the ante in the fight between its billionaire founder Steve Wynn and his former business partner Kazuo Okada, accusing the Japanese gaming mogul of improper payments and forcibly buying back his 20 percent stake in Wynn’s casino company at a discount.

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Original post by Donna McCaw

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Reuters – Wynn Resorts Ltd said it had discovered that board member Kazuo Okada made improper payments to foreign gaming regulators and the company forcibly bought back the Japanese gaming mogul’s 20 percent stake in Wynn.

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Original post by Donna McCaw

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Reuters – If upcoming earnings from U.S. retailers are as unimpressive as the rest of the profit season has been, Wall Street could face a tough time justifying a stock market at nine-month highs.

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Original post by Donna McCaw

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Reuters – Iran has stopped selling crude to British and French companies, the oil ministry said on Sunday, in a retaliatory measure against fresh EU sanctions on the Islamic state’s lifeblood, oil.

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Original post by Donna McCaw

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Reuters – Japanese prosecutors are considering indicting Olympus Corp (7733.T) as a company for falsifying its financial reports to conceal huge investment losses in a $1.7 billion scandal, Kyodo news agency reported on Sunday, quoting investigative sources.

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Original post by Donna McCaw

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Reuters – Riot police shielded Greece’s national parliament Sunday as demonstrators gathered to protest against austerity measures on the eve of talks in Brussels on a 130-billion-euro ($171 billion) bailout needed to avert bankruptcy.

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Original post by Donna McCaw

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Reuters – China’s central bank cut the amount of cash banks must hold in reserves on Saturday, boosting lending capacity by an estimated 350-400 billion yuan ($55.6-$63.5 billion) in a bid to crank up credit creation as the world’s second-biggest economy faces a fifth successive quarter of slowing growth.

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Original post by Donna McCaw

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Reuters – It would make no sense to split the second bailout programme for Greece, German Finance Minister Wolfgang Schaeuble was quoted as saying by the weekly Tagesspiegel am Sonntag.

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Original post by Donna McCaw

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Reuters – Greece’s cabinet on Saturday approved a final set of austerity measures sought by the EU and IMF as a condition for a 130-billion euro ($171 billion) rescue package, raising the chances of a deal next week to avert a chaotic default on its debt.

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Original post by Donna McCaw

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Reuters – Iceland’s Financial Surveillance Authority (FME) said on Saturday it had sacked director Gunnar Andersen following a report into his time as an executive at failed bank Landsbanki.

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Original post by Donna McCaw