Manila News
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Updated 2 hours, 21 minutes ago
Lawyers for Wynn Resorts Ltd. and Kazuo Okada, the director whose 20 percent stake in the casino operator was redeemed by Wynn, won’t be in court tomorrow for a hearing on Osaka’s request for documents.
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Updated 2 hours, 12 minutes ago
Shares of the following companies may have unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.
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Updated 3 hours, 17 minutes ago
Most emerging-market stocks climbed as higher prices for oil boosted producers, offsetting data showing a contraction in manufacturing in Europe and China.
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The U.S. dropped the biggest prosecution of individuals accused of foreign bribery after two trials in the case ended with three acquittals and seven mistrials.
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The Philippine peso erased losses after the stock market rallied and the central bank signaled it has room to support economic growth even amid higher oil prices.
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Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the noon break in Manila.
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Wynn Resorts Ltd. accused Japanese billionaire Kazuo Okada of putting up a Philippines gaming regulator in a $6,000-a-day suite in Macau as part of a series of payments that the company said appear to have violated U.S. anti-bribery law.
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The Asian Development Bank said it is in talks with donor countries to fund at least $12 billion required for loans and grants to projects in poor countries from 2013 to 2016.
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The following companies may have unusual price changes in Philippine trading. Stock symbols are in parentheses and share prices are as of the most recent trading day.
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Wynn Resorts Ltd. rose the most in more than two months after repurchasing shares owned by Japanese businessman Kazuo Okada at a 30 percent discount.
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