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  • Think taxes chase away millionaires? Think again Wednesday, 27 Nov 2013 | 9:12 AM ET

    New data on the population of millionaires suggest little connection between tax rates and a state's population of millionaires.

  • *Senate due to vote on ban over tax fraud conviction. ROME, Nov 27- The Italian Senate opened its debate on expelling Silvio Berlusconi on Wednesday, ahead of an evening vote that is expected to see the veteran centre-right leader stripped of his seat in parliament over a tax fraud conviction.

  • It's more like you're in Macau, "says Francis Hernando, the Philippine gaming body's vice president for licensed casino development. As a result, the proportion of Macau's gaming revenue from VIPs has fallen to its lowest share since 2006, while spending by middle-class, mass-market gamblers- who do not rely on Macau's idiosyncratic junket system- is surging.

  • NEW YORK/ SAN FRANCISCO, Nov 26- Activist investor Carl Icahn will sell all his shares in Take-Two Interactive Software Inc back to the videogame company, netting a fat return on his investment in the "Grand Theft Auto" publisher.

  • BEIJING, Nov 27- Courier Chen Honglei packs boxes of clothing, appliances and utensils into his electric three-wheeler to deliver to customers in northwestern Beijing, helping China's second largest e-commerce company Jingdong maintain its logistics edge in a cut-throat market.

  • NEW YORK, Nov 26- Take-Two Interactive Software Inc on Tuesday said it was buying back all of Carl Icahn's shares in the videogame publisher, and three directors nominated by the activist investor have resigned. Take-Two said Brett Icahn, Jim Nelson and SungHwan Cho had left the board.

  • NEW YORK, Nov 26- Take-Two Interactive Software Inc on Tuesday said it is buying back all of Carl Icahn's shares in the company, and three directors nominated by the activist investor have resigned. The video game publisher said it will pay the $203.5 million purchase price for the 12.02 million shares it bought from cash and cash equivalents on hand.

  • China's rich flee the country—with their fortunes Monday, 25 Nov 2013 | 5:20 PM ET

    It's one of the largest wealth migrations of our time: hundreds of billions of dollars, and waves of millionaires flowing out of China to overseas destinations.

  • ROME, Nov 25- Italian Prime Minister Enrico Letta's coalition government said on Monday it would call a confidence vote on its 2014 budget, a move that will give the first clear proof of its strength since Silvio Berlusconi's party split this month.

  • Thirst for pricey wine: $39,700 bottle sets record Monday, 25 Nov 2013 | 11:31 AM ET
    Romanée-Conti, vintage 1990

    A case of 1978 Romanée-Conti Grand Cru set a record for the brand at $39,7000 a bottle, making it one of the most expensive cases ever sold at auction.

  • *Wendel, Nordic Capital hand in final bids- sources. Nordic Capital may be looking to combine LTS Lohmann with another skin patch maker it agreed to buy last month, Acino. The sources said that Japan's Hisamitsu Pharmaceutical and private equity house EQT were no longer being considered as suitors by LTS Lohmann's owners, which include drug major Novartis.

  • ROME, Nov 25- Italian Prime Minister Enrico Letta's coalition government said on Monday it would call a confidence vote on its 2014 budget, a move that will give the first clear proof of its strength since Silvio Berlusconi's party split this month.

  • *Rio CEO hopes Guinea assembly to agree deal by early 2014. ABU DHABI, Nov 24- Rio Tinto expects to agree a settlement with Guinea on the southern part of the Simandou iron ore deposit by the end of this year or early in 2014, its chief executive told Reuters on Sunday.

  • The bill raised hopes Pena Nieto was serious about breaking the hold a select few have on much of the economy, but a pile-up of pending bills in Congress has made the Dec. 9 deadline for the secondary telecoms legislation increasingly unlikely.

  • Auto auction: Zero to $62 million in 2 hours Friday, 22 Nov 2013 | 10:53 AM ET
    1964 Ferrari 250 LM sold for $14million during an auction at Sotherby's.

    The "Art of the Automobile" auction held by Sotheby's and RM Auctions surpassed its estimate of $50 million Thursday, when it sold off 31 gleaming vintage cars.

  • LONDON, Nov 22- Investors are going to have to work far harder in 2014 to replicate this year's bumper gains by turning over more trades or pushing out into riskier investments. I think 2014 is going to be tricky, to capture value you're just going to have to be tactical, "said Chris Goekjian, chief investment officer of hedge fund Cheyne Capital.

  • RIO DE JANEIRO, Nov 21- A Brazilian judge on Thursday accepted a request for bankruptcy protection from former billionaire Eike Batista's oil company, OGX, but denied the same protection for two small foreign subsidiaries in a potential setback for the company.

  • RIO DE JANEIRO, Nov 21 (Reuters)- A Brazilian judge on Thursday denied bankruptcy protection for the foreign subsidiaries of OGX in a decision that may complicate the recovery of the oil company, which is controlled by former billionaire Eike Batista.

  • NEW YORK, Nov 21- U.S. retailer Sears Holdings Corp, which has been struggling to generate cash from its operations, sees room to close more stores next year, Chief Executive Edward Lampert said on Thursday.

  • NEW YORK, Nov 21- Many prominent managers at the Reuters 2014 Global Investment Outlook Summit believe the record-setting run-up in U.S. stocks is due for a reckoning but acknowledge that ample liquidity could push equities higher regardless of fears.

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